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Target - TGT Stock Forecast, Price & News

$166.97
+0.84 (+0.51%)
(As of 08/8/2022 05:24 PM ET)
Add
Compare
Today's Range
$166.43
$170.99
50-Day Range
$139.30
$167.92
52-Week Range
$137.16
$268.98
Volume
2.81 million shs
Average Volume
4.96 million shs
Market Capitalization
$77.42 billion
P/E Ratio
13.84
Dividend Yield
2.17%
Price Target
$189.08

Target MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
13.3% Upside
$189.08 Price Target
Short Interest
Healthy
1.54% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.81
Upright™ Environmental Score
News Sentiment
-0.32mentions of Target in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$6.37 M Sold Last Quarter
Proj. Earnings Growth
43.11%
From $8.49 to $12.15 Per Share

Overall MarketRank

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

3.14 out of 5 stars

Retail/Wholesale Sector

6th out of 261 stocks

Variety Stores Industry

1st out of 12 stocks

TGT stock logo

About Target (NYSE:TGT) Stock

Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials. It also provides in-store amenities, such as Target Café, Target Optical, Starbucks, and other food service offerings. The company sells its products through its stores; and digital channels, including Target.com. As of March 09, 2022, the company operated approximately 2,000 stores. Target Corporation was incorporated in 1902 and is headquartered in Minneapolis, Minnesota.

Analyst Ratings Changes

Several research analysts have weighed in on TGT shares. Raymond James cut their price target on Target from $205.00 to $190.00 and set a "strong-buy" rating for the company in a report on Wednesday, June 8th. StockNews.com lowered Target from a "buy" rating to a "hold" rating in a research note on Saturday, May 28th. Telsey Advisory Group dropped their price objective on shares of Target from $200.00 to $185.00 and set an "outperform" rating for the company in a research note on Wednesday, June 8th. Truist Financial decreased their target price on shares of Target from $171.00 to $150.00 and set a "hold" rating on the stock in a research report on Wednesday, June 8th. Finally, Piper Sandler assumed coverage on shares of Target in a research report on Friday, July 22nd. They set a "neutral" rating and a $190.00 price target for the company. Nine investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $189.08.

Target Price Performance

TGT Stock traded up $3.61 during trading on Monday, hitting $169.74. The company had a trading volume of 79,552 shares, compared to its average volume of 4,937,936. The business has a 50 day moving average of $151.90 and a 200 day moving average of $192.60. The firm has a market capitalization of $78.71 billion, a price-to-earnings ratio of 13.78, a P/E/G ratio of 1.91 and a beta of 1.03. The company has a current ratio of 0.87, a quick ratio of 0.14 and a debt-to-equity ratio of 1.24. Target has a fifty-two week low of $137.16 and a fifty-two week high of $268.98.

Target (NYSE:TGT - Get Rating) last issued its quarterly earnings results on Wednesday, May 18th. The retailer reported $2.19 earnings per share for the quarter, missing analysts' consensus estimates of $3.00 by ($0.81). The company had revenue of $24.83 billion during the quarter, compared to analyst estimates of $24.48 billion. Target had a return on equity of 44.75% and a net margin of 5.48%. The company's revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $3.69 earnings per share. As a group, research analysts predict that Target will post 8.49 earnings per share for the current year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, September 10th. Shareholders of record on Wednesday, August 17th will be paid a dividend of $1.08 per share. This is a positive change from Target's previous quarterly dividend of $0.90. This represents a $4.32 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Tuesday, August 16th. Target's dividend payout ratio (DPR) is presently 29.85%.

Insider Activity

In other news, insider John J. Mulligan sold 45,490 shares of the business's stock in a transaction on Friday, June 17th. The stock was sold at an average price of $139.98, for a total value of $6,367,690.20. Following the sale, the insider now owns 157,333 shares of the company's stock, valued at approximately $22,023,473.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.29% of the stock is owned by insiders.

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TGT Stock News Headlines

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Why Is Target (TGT) Stock in the Spotlight Today?
Target (NYSE:TGT) Price Target Cut to $215.00
Analysts Set Target Co. (NYSE:TGT) PT at $189.44
Target (NYSE:TGT) Shares Gap Down to $157.49
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Target Stock Is On Track for Long-Term Gains
See More Headlines
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TGT Company Calendar

Ex-Dividend for 6/10 Dividend
5/17/2022
Last Earnings
5/18/2022
Dividend Payable
6/10/2022
Today
8/08/2022
Ex-Dividend for 9/10 Dividend
8/16/2022
Next Earnings (Confirmed)
8/17/2022
Dividend Payable
9/10/2022
Fiscal Year End
1/31/2023

Industry, Sector and Symbol

Industry
Variety stores
Sub-Industry
General Merchandise Stores
CUSIP
87612E10
Employees
450,000
Year Founded
1902

Price Target and Rating

Average Stock Price Forecast
$189.08
High Stock Price Forecast
$235.00
Low Stock Price Forecast
$150.00
Forecasted Upside/Downside
+13.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
26 Analysts

Profitability

Net Income
$6.95 billion
Pretax Margin
7.05%

Debt

Sales & Book Value

Annual Sales
$106.01 billion
Cash Flow
$19.55 per share
Book Value
$26.77 per share

Miscellaneous

Free Float
462,351,000
Market Cap
$77.42 billion
Optionable
Optionable
Beta
1.03

Social Links















TGT Stock - Frequently Asked Questions

Should I buy or sell Target stock right now?

26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Target in the last twelve months. There are currently 8 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 2022?

26 equities research analysts have issued 12 month target prices for Target's stock. Their TGT stock forecasts range from $150.00 to $235.00. On average, they anticipate the company's stock price to reach $189.08 in the next year. This suggests a possible upside of 12.0% from the stock's current price.
View analysts price targets for TGT
or view top-rated stocks among Wall Street analysts.

How has Target's stock price performed in 2022?

Target's stock was trading at $231.44 at the beginning of 2022. Since then, TGT shares have decreased by 27.0% and is now trading at $168.89.
View the best growth stocks for 2022 here
.

When is Target's next earnings date?

Target is scheduled to release its next quarterly earnings announcement on Wednesday, August 17th 2022.
View our TGT earnings forecast
.

How can I listen to Target's earnings call?

Target will be holding an earnings conference call on Wednesday, August 17th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Target's earnings last quarter?

Target Co. (NYSE:TGT) announced its quarterly earnings results on Wednesday, May, 18th. The retailer reported $2.19 EPS for the quarter, missing analysts' consensus estimates of $3.00 by $0.81. The retailer earned $24.83 billion during the quarter, compared to analysts' expectations of $24.48 billion. Target had a net margin of 5.48% and a trailing twelve-month return on equity of 44.75%. Target's revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.69 earnings per share.
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, June 9th. Shareholders of record on Wednesday, August 17th will be paid a dividend of $1.08 per share on Saturday, September 10th. This represents a $4.32 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Tuesday, August 16th. This is a boost from the stock's previous quarterly dividend of $0.90.
Read our dividend analysis for TGT
.

Is Target a good dividend stock?

Target (NYSE:TGT) pays an annual dividend of $3.60 per share and currently has a dividend yield of 2.17%. The company has been increasing its dividend for 52 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 29.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGT will have a dividend payout ratio of 29.63% 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 has initiated a share buyback program on Wednesday, August 18th 2021, which allows the company to buyback $15,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 12.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's management believes its shares are undervalued.

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 Jennison Associates LLC (0.49%), US Bancorp DE (0.39%), Sumitomo Mitsui Trust Holdings Inc. (0.39%), Focused Investors LLC (0.18%), Victory Capital Management Inc. (0.17%) and ProShare Advisors LLC (0.16%). Insiders that own company stock include Brian C Cornell, Brian C Cornell, Cara A Sylvester, Cathy R Smith, Christina Hennington, Don H Liu, Don H Liu, Jill Sando, John J Mulligan, Katie M Boylan, Laysha Ward, Mark J Tritton, Mark Schindele, 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 $168.89.

How much money does Target make?

Target (NYSE:TGT) has a market capitalization of $78.31 billion and generates $106.01 billion in revenue each year. The retailer earns $6.95 billion in net income (profit) each year or $12.06 on an earnings per share basis.

How many employees does Target have?

Target employs 450,000 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

When was Target founded?

Target was founded in 1902.

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 8/8/2022 by MarketBeat.com Staff

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