Target - TGT Stock Forecast, Price & News

29 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Target in the last year. There are currently 12 hold ratings, 16 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" TGT shares.
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29 analysts have issued 12 month target prices for Target's stock. Their TGT share price forecasts range from $132.00 to $235.00. On average, they predict the company's stock price to reach $181.34 in the next twelve months. This suggests a possible upside of 5.6% from the stock's current price.
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Target's stock was trading at $149.04 at the beginning of the year. Since then, TGT stock has increased by 15.3% and is now trading at $171.79.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our TGT earnings forecast.

Target Co. (NYSE:TGT) issued 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 the consensus estimate 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 quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.03 earnings per share.
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Target declared a quarterly dividend on Thursday, January 12th. Stockholders of record on Wednesday, February 15th will be paid a dividend of $1.08 per share on Friday, March 10th. This represents a $4.32 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Tuesday, February 14th.
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 2.48%. 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 45.57% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TGT.

Target announced that its Board of Directors has approved a stock repurchase program on Wednesday, August 18th 2021, which allows the company to repurchase $15,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 12.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board 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 a number of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (1.11%), Swiss National Bank (0.41%), Raymond James & Associates (0.35%), Sumitomo Mitsui Trust Holdings Inc. (0.34%), California Public Employees Retirement System (0.31%) and Bank of Montreal Can (0.20%). 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 $171.79.

Target (NYSE:TGT) has a market capitalization of $79.07 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.

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.