Target - TGT Stock Forecast, Price & News

27 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Target in the last year. 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.
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27 brokers have issued twelve-month price targets for Target's shares. Their TGT share price forecasts range from $161.00 to $235.00. On average, they anticipate the company's stock price to reach $193.67 in the next year. This suggests a possible upside of 26.9% from the stock's current price.
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Target's stock was trading at $231.44 on January 1st, 2022. Since then, TGT stock has decreased by 34.1% and is now trading at $152.61.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 16th 2022.
View our TGT earnings forecast.

Target Co. (NYSE:TGT) issued its earnings results on Wednesday, August, 17th. The retailer reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.71 by $0.32. The retailer earned $26.04 billion during the quarter, compared to analysts' expectations of $26.07 billion. Target had a net margin of 3.92% and a trailing twelve-month return on equity of 35.15%. The company's revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.64 EPS.
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Target declared a quarterly dividend on Thursday, September 22nd. Stockholders of record on Wednesday, November 16th will be paid a dividend of $1.08 per share on Saturday, December 10th. This represents a $4.32 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Tuesday, November 15th.
Read our dividend analysis for TGT.

Target (NYSE:TGT) pays an annual dividend of $4.32 per share and currently has a dividend yield of 2.82%. 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 49.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGT will have a dividend payout ratio of 35.82% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TGT.

Target declared that its Board of Directors has approved a stock repurchase plan on Wednesday, August 18th 2021, which allows the company to repurchase $15,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 12.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

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.

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 many different institutional and retail investors. Top institutional investors include State Street Corp (7.19%), Massachusetts Financial Services Co. MA (1.46%), Northern Trust Corp (1.27%), FMR LLC (0.95%), Franklin Resources Inc. (0.95%) and Legal & General Group Plc (0.88%). 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.
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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 $152.61.

Target (NYSE:TGT) has a market capitalization of $70.24 billion and generates $106.01 billion in revenue each year. The retailer earns $6.95 billion in net income (profit) each year or $8.80 on an earnings per share basis.

The company employs 450,000 workers across the globe.

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.