Target - TGT Stock Forecast, Price & News

30 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Target in the last twelve months. There are currently 12 hold ratings, 17 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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30 brokers have issued 1-year target prices for Target's shares. Their TGT share price forecasts range from $132.00 to $220.00. On average, they anticipate the company's share price to reach $181.69 in the next twelve months. This suggests a possible upside of 15.6% from the stock's current price.
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Target's stock was trading at $149.04 at the start of the year. Since then, TGT stock has increased by 5.5% and is now trading at $157.21.
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Target saw a drop in short interest during the month of February. As of February 28th, there was short interest totaling 9,500,000 shares, a drop of 24.2% from the February 13th total of 12,530,000 shares. Based on an average trading volume of 3,430,000 shares, the short-interest ratio is currently 2.8 days. Currently, 2.1% of the shares of the stock are short sold.
View Target's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 17th 2023.
View our TGT earnings forecast.

Target Co. (NYSE:TGT) issued its quarterly earnings data on Tuesday, February, 28th. The retailer reported $1.89 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.49. The retailer earned $31.40 billion during the quarter, compared to analyst estimates of $30.73 billion. Target had a trailing twelve-month return on equity of 25.63% and a net margin of 2.55%. The firm's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.19 earnings per share.
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Target announced a quarterly dividend on Thursday, March 9th. Shareholders of record on Wednesday, May 17th will be paid a dividend of $1.08 per share on Saturday, June 10th. This represents a $4.32 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Tuesday, May 16th.
Read our dividend analysis for TGT.

ETFs with the largest weight of Target (NYSE:TGT) stock in their portfolio include VanEck Retail ETF (RTH), Emerge EMPWR Sustainable Select Growth Equity ETF (EMGC), iShares U.S. Consumer Focused ETF (IEDI), Harbor Dividend Growth Leaders ETF (GDIV), Consumer Discretionary Select Sector SPDR Fund (XLY), Dividend Performers ETF (IPDP), ProShares Ultra Consumer Staples (UGE) and Newday Ocean Health ETF (AHOY).

Target (NYSE:TGT) pays an annual dividend of $4.32 per share and currently has a dividend yield of 2.65%. The dividend payout ratio is 72.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGT will have a dividend payout ratio of 40.99% 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 share buyback program on Wednesday, August 18th 2021, which authorizes the company to buyback $15,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 12.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Target issued an update on its first quarter 2023 earnings guidance on Tuesday, February, 28th. The company provided earnings per share guidance of $1.50-$1.90 for the period, compared to the consensus EPS estimate of $2.14. The company issued revenue guidance of -.

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 variety of institutional and retail investors. Top institutional investors include Moneta Group Investment Advisors LLC (4.03%), Wells Fargo & Company MN (2.13%), Geode Capital Management LLC (1.79%), Morgan Stanley (1.41%), Franklin Resources Inc. (1.15%) and Fisher Asset Management LLC (1.11%). 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.

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 $157.21.

Target (NYSE:TGT) has a market capitalization of $72.37 billion and generates $109.12 billion in revenue each year. The retailer earns $2.78 billion in net income (profit) each year or $5.98 on an earnings per share basis.

The company employs 440,000 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.