Target - TGT Stock Forecast, Price & News

26 Wall Street 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 analysts is that investors should "buy" TGT shares.
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26 brokers have issued twelve-month price targets for Target's shares. Their TGT share price forecasts range from $150.00 to $235.00. On average, they predict the company's share price to reach $189.08 in the next year. This suggests a possible upside of 13.2% from the stock's current price.
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Target's stock was trading at $231.44 at the beginning of 2022. Since then, TGT shares have decreased by 27.9% and is now trading at $166.97.
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Target is scheduled to release its next quarterly earnings announcement on Wednesday, August 17th 2022.
View our TGT earnings forecast.

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 results 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 had revenue of $24.83 billion for the quarter, compared to analyst estimates of $24.48 billion. Target had a net margin of 5.48% and a trailing twelve-month return on equity of 44.75%. The company's revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.69 EPS.
Read the conference call transcript.

Target announced a quarterly dividend on Thursday, June 9th. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Tuesday, August 16th. This is an increase from the stock's previous quarterly dividend of $0.90.
Read our dividend analysis for TGT.

Target (NYSE:TGT) pays an annual dividend of $3.60 per share and currently has a dividend yield of 2.17%. The company 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 is 29.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGT will have a dividend payout ratio of 29.63% 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 repurchase program on Wednesday, August 18th 2021, which permits the company to repurchase $15,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 12.4% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's leadership 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 variety of retail and institutional 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%). Insiders that own company 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.
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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 $166.97.

Target (NYSE:TGT) has a market capitalization of $77.42 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 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.