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S&P 500   4,076.57
DOW   34,395.01
QQQ   293.72
Is Apple Going To Rally Into Year End?
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
25 Ways to Improve Your Financial Situation in 1 Hour
La-Z-Boy Reclines To More Comfortable Levels 
Tiny $4 Company to “Steal” Billions From Tesla?  (Ad)
Are the Short Sellers Still Right About Mullen Automotive stock? 
Is The Recovery Rally Here For SoFi?
Tiny $4 Company to “Steal” Billions From Tesla?  (Ad)
Biden administration presses senators to avert rail strike
Trump Org. defense lawyer scolded for using struck testimony
S&P 500   4,076.57
DOW   34,395.01
QQQ   293.72
Is Apple Going To Rally Into Year End?
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
25 Ways to Improve Your Financial Situation in 1 Hour
La-Z-Boy Reclines To More Comfortable Levels 
Tiny $4 Company to “Steal” Billions From Tesla?  (Ad)
Are the Short Sellers Still Right About Mullen Automotive stock? 
Is The Recovery Rally Here For SoFi?
Tiny $4 Company to “Steal” Billions From Tesla?  (Ad)
Biden administration presses senators to avert rail strike
Trump Org. defense lawyer scolded for using struck testimony
S&P 500   4,076.57
DOW   34,395.01
QQQ   293.72
Is Apple Going To Rally Into Year End?
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
25 Ways to Improve Your Financial Situation in 1 Hour
La-Z-Boy Reclines To More Comfortable Levels 
Tiny $4 Company to “Steal” Billions From Tesla?  (Ad)
Are the Short Sellers Still Right About Mullen Automotive stock? 
Is The Recovery Rally Here For SoFi?
Tiny $4 Company to “Steal” Billions From Tesla?  (Ad)
Biden administration presses senators to avert rail strike
Trump Org. defense lawyer scolded for using struck testimony
NYSE:TGT

Target - TGT Stock Forecast, Price & News

$165.03
-2.04 (-1.22%)
(As of 12/1/2022 12:00 AM ET)
Add
Compare
Today's Range
$163.05
$167.43
50-Day Range
$145.69
$178.98
52-Week Range
$137.16
$254.87
Volume
4.96 million shs
Average Volume
4.82 million shs
Market Capitalization
$75.96 billion
P/E Ratio
22.61
Dividend Yield
2.59%
Price Target
$185.07

Target MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.74 Rating Score
Upside/​Downside
12.1% Upside
$185.07 Price Target
Short Interest
Healthy
2.90% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.81
Upright™ Environmental Score
News Sentiment
-0.11mentions of Target in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$6.49 M Sold Last Quarter
Proj. Earnings Growth
73.91%
From $5.71 to $9.93 Per Share

Overall MarketRank

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

3.01 out of 5 stars

Retail/Wholesale Sector

6th out of 217 stocks

Variety Stores Industry

1st 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

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TGT Company Calendar

Ex-Dividend for 9/10 Dividend
8/16/2022
Dividend Payable
9/10/2022
Ex-Dividend for 12/10 Dividend
11/15/2022
Last Earnings
11/16/2022
Today
12/01/2022
Dividend Payable
12/10/2022
Fiscal Year End
1/31/2023
Next Earnings (Estimated)
3/07/2023

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
$185.07
High Stock Price Forecast
$235.00
Low Stock Price Forecast
$144.00
Forecasted Upside/Downside
+12.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.74
Research Coverage
27 Analysts

Profitability

Net Income
$6.95 billion
Pretax Margin
4.04%

Debt

Sales & Book Value

Annual Sales
$106.01 billion
Cash Flow
$19.30 per share
Book Value
$23.94 per share

Miscellaneous

Free Float
458,928,000
Market Cap
$75.96 billion
Optionable
Optionable
Beta
1.02

Social Links


Key Executives

  • Mr. Brian C. CornellMr. Brian C. Cornell (Age 63)
    Chairman & CEO
    Comp: $6.01M
  • Mr. Michael J. FiddelkeMr. Michael J. Fiddelke (Age 45)
    Exec. VP & CFO
    Comp: $1.89M
  • Mr. John J. MulliganMr. John J. Mulligan (Age 56)
    Exec. VP & COO
    Comp: $4.06M
  • Mr. Don H. LiuMr. Don H. Liu (Age 60)
    Exec. VP, Chief Legal & Risk Officer, Chief Compliance Officer and Corp. Sec.
    Comp: $1.72M
  • Mr. Michael Edward McNamaraMr. Michael Edward McNamara (Age 57)
    Strategic Advisor
    Comp: $1.91M
  • Mr. Matthew A. LiegelMr. Matthew A. Liegel (Age 45)
    Chief Accounting Officer
  • Mr. Brett Craig
    Exec. VP & Chief Information Officer
  • Mr. John Hulbert
    VP of Investor Relations
  • Mr. Matt Zabel (Age 54)
    Exec. VP & Gen. Counsel
  • Ms. Katie M. BoylanMs. Katie M. Boylan (Age 45)
    Exec. VP & Chief Communications Officer













TGT Stock - Frequently Asked Questions

Should I buy or sell Target stock right now?

27 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, 18 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?

27 Wall Street analysts have issued 1 year target prices for Target's stock. Their TGT share price forecasts range from $144.00 to $235.00. On average, they anticipate the company's stock price to reach $185.07 in the next year. This suggests a possible upside of 12.1% 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 2022?

Target's stock was trading at $231.44 on January 1st, 2022. Since then, TGT shares have decreased by 28.7% and is now trading at $165.03.
View the best growth stocks for 2022 here
.

Are investors shorting Target?

Target saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 13,310,000 shares, an increase of 32.8% from the October 31st total of 10,020,000 shares. Based on an average daily trading volume, of 4,340,000 shares, the days-to-cover ratio is currently 3.1 days. Currently, 2.9% of the company's stock 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 Tuesday, March 7th 2023.
View our TGT earnings forecast
.

How were Target's earnings last quarter?

Target Co. (NYSE:TGT) announced its quarterly earnings data on Wednesday, November, 16th. The retailer reported $1.54 EPS for the quarter, missing analysts' consensus estimates of $2.15 by $0.61. The retailer had revenue of $26.12 billion for the quarter, compared to analysts' expectations of $26.40 billion. Target had a net margin of 3.17% and a trailing twelve-month return on equity of 30.51%. The firm's revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $3.03 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, September 22nd. Stockholders of record on Wednesday, November 16th will be given a dividend of $1.08 per share on Saturday, December 10th. This represents a $4.32 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Tuesday, November 15th.
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 2.59%. The company has been increasing its dividend for 50 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 59.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGT will have a dividend payout ratio of 43.50% 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 announced that its Board of Directors has approved a stock buyback 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 purchase up to 12.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is 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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.31%), BlackRock Inc. (8.22%), State Street Corp (7.43%), Massachusetts Financial Services Co. MA (1.78%), Fisher Asset Management LLC (1.04%) and Bank of New York Mellon Corp (0.86%). 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 $165.03.

How much money does Target make?

Target (NYSE:TGT) has a market capitalization of $75.96 billion and generates $106.01 billion in revenue each year. The retailer earns $6.95 billion in net income (profit) each year or $7.30 on an earnings per share basis.

How many employees does Target have?

The company 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
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 12/2/2022 by MarketBeat.com Staff