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GE   94.22 (+1.16%)
DIS   96.76 (+2.05%)
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PYPL   74.10 (+1.93%)
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BABA   100.97 (+2.61%)
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T   19.02 (+1.60%)
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NYSE:TGT

Target - TGT Stock Forecast, Price & News

$157.27
-2.50 (-1.56%)
(As of 03/29/2023 02:58 PM ET)
Add
Compare
Today's Range
$155.92
$161.00
50-Day Range
$156.12
$181.02
52-Week Range
$137.16
$254.87
Volume
3.14 million shs
Average Volume
3.29 million shs
Market Capitalization
$72.40 billion
P/E Ratio
26.30
Dividend Yield
2.75%
Price Target
$181.69

Target MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
15.6% Upside
$181.69 Price Target
Short Interest
Healthy
1.97% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.81
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$5.56 M Sold Last Quarter
Proj. Earnings Growth
26.23%
From $8.35 to $10.54 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.78 out of 5 stars

Retail/Wholesale Sector

32nd out of 214 stocks

Variety Stores Industry

4th out of 11 stocks


TGT stock logo

About Target (NYSE:TGT) Stock

Target Corporation has a long history dating back to 1902. The company began as Goodfellows Dry Goods, operated by George Dalton, and later changed its name via a progression of mergers and acquisitions. The first “Target” store was opened in Roseville, Minnesota in 1962 as the discount division of the parent company. The idea was discount or low-priced items could still be fashionable and desirable. After meeting great success in the home territory, the concept went public in the late 1960s was later expanded on a national level during the 1980s. Target Corporation is now the 7th largest retailer in the US and is projected to bring in more than $113 billion in revenue for fiscal 2023.

The department stores were shed in 2004 so today Target operates as a general merchandise retailer that serves on-trend items at discounted prices. It is known as a big box retailer and is a member of the S&P 500. The company listed about 2,000 stores in mid-2022 and had plans for growth. The company offers an assortment of everyday, household, and food goods in a bright and cheery atmosphere. It has set itself apart from other low-priced retailers as the chic choice for savvy shoppers. The company’s stated purpose is to help families discover the joy of everyday life and it does so by offering quality products that families can afford.

The company sells its products through a chain of stores as well as eCommerce. eCommerce is about 20% of Target’s total revenue and was boosted by the COVID-19 pandemic. Services like delivery, same-day pickup, and access to thousands of necessary and discretionary items are also driving adoption. Target also offers amenities like cafes and opticians, and it hosts Starbucks inside the stores.

Target Corporation has paid and increased its dividend for more than 5 decades. The company issued its 53rd consecutive distribution increase in calendar 2022 bringing the total annual payout to $4.32. In late October 2022, the payout was worth 2.7% in yield and came with a 40% payout ratio and a 9% distribution compound annual growth rate.

Target is a leader in ESG and giving back to the community. Among its many endeavors is to return 5% of its profits to community charities as well as to inspire its employees to volunteer. Volunteers donate more than 1 million man-hours per year.

 

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TGT Stock News Headlines

BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
5 Streaming Stocks With Takeover Targets on Their Back
3 Stocks That Could Be the Next Big M&A Targets
Target (TGT) Stock Sinks on Major Profit Miss, Outlook Cut
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Regulators Are Targeting Short Sellers in Big Tech Stocks
Should You Short Target (TGT) Stock Now?
3 Cheap Stocks With High Price Targets
Target (TGT) Stock Slips on Earnings Miss
Why Is Target (TGT) Stock in the Spotlight Today?
Are We Beyond the Worst?
See More Headlines
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TGT Company Calendar

Ex-Dividend for 3/10 Dividend
2/14/2023
Last Earnings
2/28/2023
Dividend Payable
3/10/2023
Today
3/29/2023
Next Earnings (Estimated)
5/17/2023
Fiscal Year End
1/31/2024

Industry, Sector and Symbol

Industry
Variety stores
Sub-Industry
General Merchandise Stores
CUSIP
87612E10
Employees
440,000
Year Founded
1902

Price Target and Rating

Average Stock Price Forecast
$181.69
High Stock Price Forecast
$220.00
Low Stock Price Forecast
$132.00
Forecasted Upside/Downside
+16.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
30 Analysts

Profitability

Net Income
$2.78 billion
Pretax Margin
3.13%

Debt

Sales & Book Value

Annual Sales
$109.12 billion
Cash Flow
$11.96 per share
Book Value
$24.40 per share

Miscellaneous

Free Float
459,029,000
Market Cap
$72.09 billion
Optionable
Optionable
Beta
1.05

Social Links


Key Executives

  • Brian C. CornellBrian C. Cornell
    Chairman & Chief Executive Officer
  • John J. MulliganJohn J. Mulligan
    Chief Operating Officer & Executive Vice President
  • Michael J. FiddelkeMichael J. Fiddelke
    Chief Financial Officer & Executive Vice President
  • Brett Craig
    Chief Information Officer & Executive VP
  • Tony Heredia
    Senior Vice President-Compliance & Ethics













TGT Stock - Frequently Asked Questions

Should I buy or sell Target stock right now?

30 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Target in the last twelve months. There are currently 12 hold ratings, 17 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TGT shares.
View TGT analyst ratings
or view top-rated stocks.

What is Target's stock price forecast for 2023?

30 brokers have issued 1-year price objectives for Target's shares. Their TGT share price forecasts range from $132.00 to $220.00. On average, they expect the company's stock price to reach $181.69 in the next year. This suggests a possible upside of 15.7% from the stock's current price.
View analysts price targets for TGT
or view top-rated stocks among Wall Street analysts.

How have TGT shares performed in 2023?

Target's stock was trading at $149.04 on January 1st, 2023. Since then, TGT shares have increased by 5.3% and is now trading at $156.97.
View the best growth stocks for 2023 here
.

Are investors shorting Target?

Target saw a decrease in short interest during the month of February. As of February 28th, there was short interest totaling 9,500,000 shares, a decrease of 24.2% from the February 13th total of 12,530,000 shares. Based on an average daily volume of 3,430,000 shares, the days-to-cover ratio is presently 2.8 days. Currently, 2.1% of the shares of the company are short sold.
View Target's Short Interest
.

When is Target's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 17th 2023.
View our TGT earnings forecast
.

How were Target's earnings last quarter?

Target Co. (NYSE:TGT) posted its quarterly earnings results on Tuesday, February, 28th. The retailer reported $1.89 earnings per share for the quarter, beating analysts' consensus estimates of $1.40 by $0.49. The retailer earned $31.40 billion during the quarter, compared to the consensus estimate of $30.73 billion. Target had a net margin of 2.55% and a trailing twelve-month return on equity of 25.63%. Target's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business posted $3.19 EPS.
Read the conference call transcript
.

How often does Target pay dividends? What is the dividend yield for Target?

Target declared a quarterly dividend on Thursday, March 9th. Investors of record on Wednesday, May 17th will be paid a dividend of $1.08 per share on Saturday, June 10th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Tuesday, May 16th.
Read our dividend analysis for TGT
.

Is Target a good dividend stock?

Target (NYSE:TGT) pays an annual dividend of $4.32 per share and currently has a dividend yield of 2.77%. The dividend payout ratio is 72.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGT will have a dividend payout ratio of 40.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TGT.

How will Target's stock buyback program work?

Target declared that its Board of Directors has initiated a share repurchase plan on Wednesday, August 18th 2021, which allows the company to buyback $15,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 12.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its shares are undervalued.

What guidance has Target issued on next quarter's earnings?

Target issued an update on its first quarter 2023 earnings guidance on Tuesday, February, 28th. The company provided earnings per share guidance of $1.50-$1.90 for the period, compared to the consensus estimate of $2.14. The company issued revenue guidance of -.

What is Brian Cornell's approval rating as Target's CEO?

10,048 employees have rated Target Chief Executive Officer Brian Cornell on Glassdoor.com. Brian Cornell has an approval rating of 78% among the company's employees.

What other stocks do shareholders of Target own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Target investors own include NVIDIA (NVDA), Walmart (WMT), AT&T (T), Walt Disney (DIS), Johnson & Johnson (JNJ), Home Depot (HD), Verizon Communications (VZ), Intel (INTC), Alibaba Group (BABA) and Cisco Systems (CSCO).

What is Target's stock symbol?

Target trades on the New York Stock Exchange (NYSE) under the ticker symbol "TGT."

Who are Target's major shareholders?

Target's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Moneta Group Investment Advisors LLC (4.03%), Wells Fargo & Company MN (2.13%), Geode Capital Management LLC (1.79%), Morgan Stanley (1.41%), Franklin Resources Inc. (1.15%) and Fisher Asset Management LLC (1.11%). Insiders that own company stock include Brian C Cornell, Brian C Cornell, Cara A Sylvester, Christina Hennington, Don H Liu, Don H Liu, Jill Sando, John J Mulligan, Katie M Boylan, Mark Schindele, Matthew A Liegel, Michael Edward Mcnamara, Michael J Fiddelke, Robert M Harrison, Robert M Harrison, Roxanne S Austin, Stephanie A Lundquist and Stephen A Vintz.
View institutional ownership trends
.

How do I buy shares of Target?

Shares of TGT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Target's stock price today?

One share of TGT stock can currently be purchased for approximately $156.97.

How much money does Target make?

Target (NYSE:TGT) has a market capitalization of $72.26 billion and generates $109.12 billion in revenue each year. The retailer earns $2.78 billion in net income (profit) each year or $5.98 on an earnings per share basis.

How many employees does Target have?

The company employs 440,000 workers across the globe.

Does Target have any subsidiaries?
The following companies are subsidiares of Target: A Bullseye View, Associated Merchandising Corporation, Chefs Catalog, Cooking.com, Deliv, DermStore, Fedco, Grand Junction, PoweredAnalytics, Shipt, Sonia Kashuk, Target Brands Inc., Target Enterprise Inc., and Target General Merchandise Inc..
Read More
How can I contact Target?

Target's mailing address is 1000 NICOLLET MALL, MINNEAPOLIS MN, 55403. The official website for the company is www.target.com. The retailer can be reached via phone at (612) 304-6073, via email at investorrelations@target.com, or via fax at 612-761-5555.

This page (NYSE:TGT) was last updated on 3/29/2023 by MarketBeat.com Staff