Target - TGT Stock Forecast, Price & News

26 Wall Street 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 research analysts is that investors should "buy" Target stock.
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26 Wall Street analysts have issued 1-year price objectives for Target's stock. Their TGT stock forecasts range from $150.00 to $235.00. On average, they predict Target's stock price to reach $189.08 in the next twelve months. This suggests a possible upside of 13.8% from the stock's current price.
View analysts' price targets for Target or view top-rated stocks among Wall Street analysts.

Target's stock was trading at $231.44 on January 1st, 2022. Since then, TGT shares have decreased by 28.2% and is now trading at $166.13.
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Target is scheduled to release its next quarterly earnings announcement on Wednesday, August 17th 2022.
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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.

Target Co. (NYSE:TGT) released its quarterly earnings data 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 retailer earned $24.83 billion during the quarter, compared to analysts' expectations of $24.48 billion. Target had a trailing twelve-month return on equity of 44.75% and a net margin of 5.48%. The firm's quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.69 earnings per share.
Read Target's conference call transcript.

Target declared a quarterly dividend on Thursday, June 9th. Stockholders of record on Wednesday, August 17th will be given a dividend of $1.08 per share on Saturday, September 10th. This represents a $4.32 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Tuesday, August 16th. This is a boost from Target's previous quarterly dividend of $0.90.
View Target's dividend history.

Target(NYSE:TGT) pays an annual dividend of $3.60 per share and currently has a dividend yield of 2.17%. Target 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 of Target is 29.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Target will have a dividend payout ratio of 29.63% next year. This indicates that Target will be able to sustain or increase its dividend.
View Target's dividend history.

Target announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 18th 2021, which authorizes the company to buyback $15,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 12.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

10,048 employees have rated Target CEO Brian Cornell on Glassdoor.com. Brian Cornell has an approval rating of 78% among Target's employees.

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).

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

Target's stock is owned by a variety of institutional and retail 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%). Company insiders that own Target 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 for 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.
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One share of TGT stock can currently be purchased for approximately $166.13.

Target (NYSE:TGT) has a market capitalization of $77.03 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.

Target employs 450,000 workers across the globe.

Target was founded in 1902.

Target's mailing address is 1000 NICOLLET MALL, MINNEAPOLIS MN, 55403. The official website for Target 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.