NYSE:TGTTarget Stock Price, Forecast & News

Target's stock was trading at $105.58 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, TGT stock has increased by 15.9% and is now trading at $122.33. View which stocks have been most impacted by Coronavirus.

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Target in the last year. There are currently 6 hold ratings, 17 buy ratings and 2 strong buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Target.

Target is scheduled to release its next quarterly earnings announcement on Wednesday, August 19th 2020. View our earnings forecast for Target.

Target Co. (NYSE:TGT) released its quarterly earnings data on Wednesday, May, 20th. The retailer reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.40 by $0.19. The retailer had revenue of $19.37 billion for the quarter, compared to the consensus estimate of $19.04 billion. Target had a net margin of 3.46% and a return on equity of 24.17%. Target's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.53 EPS. View Target's earnings history.

Target announced a quarterly dividend on Thursday, March 12th. Investors of record on Wednesday, May 20th will be paid a dividend of $0.66 per share on Wednesday, June 10th. This represents a $2.64 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Tuesday, May 19th. View Target's dividend history.

Target announced that its board has approved a share buyback program on Thursday, September 19th 2019, which permits the company to buyback $5,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 9.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.

Target updated its FY21 earnings guidance on Tuesday, March, 3rd. The company provided EPS guidance of $6.70-7.00 for the period, compared to the Thomson Reuters consensus estimate of $6.61.

25 analysts have issued 12 month price targets for Target's shares. Their forecasts range from $110.00 to $150.00. On average, they expect Target's share price to reach $128.09 in the next year. This suggests a possible upside of 4.7% from the stock's current price. View analysts' price targets for Target.

News coverage about TGT stock has been trending extremely negative recently, according to InfoTrie. The research firm identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Target earned a coverage optimism score of -5.0 on InfoTrie's scale. They also assigned media headlines about the retailer a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutTarget.

Target saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 20,000,000 shares, an increase of 24.6% from the April 30th total of 16,050,000 shares. Based on an average daily trading volume, of 6,060,000 shares, the days-to-cover ratio is presently 3.3 days. Currently, 4.0% of the company's shares are sold short. View Target's Current Options Chain.

Some companies that are related to Target include Dollar General (DG), Dollar Tree (DLTR), Big Lots (BIG), Tuesday Morning (TUES) and Fred's (FREDQ). View all competitors.

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

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

Target's stock is owned by many different institutional and retail investors. Top institutional shareholders include State Street Corp (8.17%), BlackRock Inc. (7.55%), Capital World Investors (3.16%), Geode Capital Management LLC (1.50%), Franklin Resources Inc. (1.35%) and Nuveen Asset Management LLC (1.07%). Company insiders that own Target stock include Brian C Cornell, Cathy R Smith, Don H Liu, Janna A Potts, Laysha Ward, Mark J Tritton, Michael Edward Mcnamara, Robert M Harrison, Roxanne S Austin and Stephanie A Lundquist. View institutional ownership trends for Target.

TGT stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, APG Asset Management N.V., APG Asset Management N.V., State Street Corp, Edgar Lomax Co. VA, Lord Abbett & CO. LLC, Skandinaviska Enskilda Banken AB publ , and Bessemer Group Inc.. Company insiders that have sold Target company stock in the last year include Brian C Cornell, Cathy R Smith, Don H Liu, Laysha Ward, Mark J Tritton, Michael Edward Mcnamara, Robert M Harrison, Roxanne S Austin, and Stephanie A Lundquist. View insider buying and selling activity for Target.

TGT stock was purchased by a variety of institutional investors in the last quarter, including Franklin Resources Inc., APG Asset Management N.V., AQR Capital Management LLC, Alyeska Investment Group L.P., Cullen Capital Management LLC, Rothschild & Co. Asset Management US Inc., Hexavest Inc., and Retirement Systems of Alabama. View insider buying and selling activity for Target.

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

One share of TGT stock can currently be purchased for approximately $122.33.

Target has a market capitalization of $61.14 billion and generates $78.11 billion in revenue each year. The retailer earns $3.28 billion in net income (profit) each year or $6.39 on an earnings per share basis. Target employs 368,000 workers across the globe.

The official website for Target is www.target.com.

Target's mailing address is 1000 NICOLLET MALL, MINNEAPOLIS MN, 55403. The retailer can be reached via phone at 612-304-6073 or via email at [email protected]