Target Stock Forecast, Price & News

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Target in the last year. There are currently 4 hold ratings, 15 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Target stock.
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Target is scheduled to release its next quarterly earnings announcement on Wednesday, August 18th 2021.
View our earnings forecast for Target.

Target will be holding an earnings conference call on Wednesday, August 18th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Target Co. (NYSE:TGT) posted its quarterly earnings results on Tuesday, May, 18th. The retailer reported $3.69 earnings per share for the quarter, topping the consensus estimate of $2.25 by $1.44. The retailer had revenue of $23.88 billion for the quarter, compared to the consensus estimate of $21.13 billion. Target had a net margin of 6.30% and a trailing twelve-month return on equity of 45.70%. The business's revenue was up 23.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 earnings per share.
View Target's earnings history.

Target's stock was trading at $105.58 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, TGT shares have increased by 147.3% and is now trading at $261.05.
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Target declared a quarterly dividend on Wednesday, June 9th. Shareholders of record on Wednesday, August 18th will be given a dividend of $0.90 per share on Friday, September 10th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Tuesday, August 17th. This is a boost from Target's previous quarterly dividend of $0.68.
View Target's dividend history.

Target pays an annual dividend of $2.72 per share and currently has a dividend yield of 1.04%. Target 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 of Target is 28.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Target will have a dividend payout ratio of 22.48% next year. This indicates that Target will be able to sustain or increase its dividend.
View Target's dividend history.

Target declared that its board has initiated a stock buyback plan on Thursday, September 19th 2019, which authorizes the company to buyback $5,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 9.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

20 Wall Street analysts have issued 1-year price objectives for Target's shares. Their forecasts range from $188.00 to $280.00. On average, they anticipate Target's stock price to reach $239.94 in the next twelve months. This suggests that the stock has a possible downside of 8.1%.
View analysts' price targets for Target or view top-rated stocks among Wall Street analysts.

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

Some companies that are related to Target include Walmart (WMT), Costco Wholesale (COST), Wal-Mart de México (WMMVY), Dollar General (DG), Tesco (TSCDY), Dollar Tree (DLTR), Five Below (FIVE), BJ's Wholesale Club (BJ), Ollie's Bargain Outlet (OLLI), MINISO Group (MNSO), PriceSmart (PSMT), Big Lots (BIG), Tuesday Morning (TUEM), Tuesday Morning (TUESQ) and Fred's (FREDQ).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Target investors own include NVIDIA (NVDA), Walmart (WMT), AT&T (T), The Walt Disney (DIS), Johnson & Johnson (JNJ), The 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 retail and institutional investors. Top institutional shareholders include Alliancebernstein L.P. (0.32%), Smead Capital Management Inc. (0.15%), Unigestion Holding SA (0.08%), PGGM Investments (0.07%), Chicago Capital LLC (0.07%) and Oregon Public Employees Retirement Fund (0.07%). Company insiders that own Target stock include Brian C Cornell, Cara A Sylvester, Cathy R Smith, Christina Hennington, Don H Liu, Katie M Boylan, Laysha Ward, Mark J Tritton, Mark Schindele, Michael Edward Mcnamara, Robert M Harrison, Robert M Harrison, Roxanne S Austin, Stephanie A Lundquist and Stephen A Vintz.
View institutional ownership trends for Target.

TGT stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Unigestion Holding SA, State of Alaska Department of Revenue, PGGM Investments, Ziegler Capital Management LLC, TCW Group Inc., Tufton Capital Management, and Raymond James Trust N.A.. Company insiders that have sold Target company stock in the last year include Brian C Cornell, Cara A Sylvester, Christina Hennington, Don H Liu, Katie M Boylan, Mark Schindele, Michael Edward Mcnamara, Robert M Harrison, Stephanie A Lundquist, and Stephen A Vintz.
View insider buying and selling activity for Target or view top insider-selling stocks.

TGT stock was bought by a variety of institutional investors in the last quarter, including Smead Capital Management Inc., Calamos Advisors LLC, Transform Wealth LLC, Clear Creek Financial Management LLC, Huntington National Bank, IFM Investors Pty Ltd, Pflug Koory LLC, and WealthTrust Asset Management LLC.
View insider buying and selling activity for Target or or view top insider-buying stocks.

Shares of TGT 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 $261.05.

Target has a market capitalization of $129.15 billion and generates $93.56 billion in revenue each year. The retailer earns $4.37 billion in net income (profit) each year or $9.42 on an earnings per share basis.

Target employs 409,000 workers across the globe.

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. (MN), Target Capital Corporation (MN), Target Enterprise Inc. (MN), and Target General Merchandise Inc. (MN).

Target was founded in 1902.

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

Target is headquartered at 1000 NICOLLET MALL, MINNEAPOLIS MN, 55403.

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]