Target Stock Forecast, Price & News

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Target in the last twelve months. There are currently 8 hold ratings, 16 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" Target stock.
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25 Wall Street research analysts have issued twelve-month price targets for Target's stock. Their TGT stock forecasts range from $150.00 to $280.00. On average, they anticipate Target's share price to reach $193.04 in the next year. This suggests a possible upside of 36.0% 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 stock has decreased by 38.7% and is now trading at $141.90.
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Target saw a increase in short interest in May. As of May 31st, there was short interest totaling 10,660,000 shares, an increase of 27.4% from the May 15th total of 8,370,000 shares. Based on an average trading volume of 5,730,000 shares, the days-to-cover ratio is currently 1.9 days.
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Target is scheduled to release its next quarterly earnings announcement on Wednesday, August 17th 2022.
View our earnings forecast for Target.

Target Co. (NYSE:TGT) released its quarterly earnings results on Wednesday, May, 18th. The retailer reported $2.19 EPS for the quarter, missing analysts' consensus estimates of $3.07 by $0.88. The retailer earned $24.83 billion during the quarter, compared to analysts' expectations of $24.48 billion. Target had a trailing twelve-month return on equity of 44.75% and a net margin of 5.48%. Target's revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.69 earnings per share.
View Target's earnings history.

Target declared a quarterly dividend on Thursday, June 9th. Shareholders of record on Wednesday, August 17th will be paid a dividend of $1.08 per share on Saturday, September 10th. This represents a $4.32 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Tuesday, August 16th. This is a positive change from Target's previous quarterly dividend of $0.90.
View Target's dividend history.

Target(NYSE:TGT) pays an annual dividend of $3.60 per share and currently has a dividend yield of 2.49%. Target 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 of Target is 29.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Target will have a dividend payout ratio of 29.10% next year. This indicates that Target will be able to sustain or increase its dividend.
View Target's dividend history.

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

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 Costco Wholesale (COST), Wal-Mart de México (WMMVY), Dollar General (DG), Dollar Tree (DLTR), Tesco (TSCDY), BJ's Wholesale Club (BJ), Five Below (FIVE), Ollie's Bargain Outlet (OLLI), MINISO Group (MNSO), PriceSmart (PSMT), Big Lots (BIG), Tuesday Morning (TUESQ), Tuesday Morning (TUEM) 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), 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."

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 $141.90.

Target (NYSE:TGT) has a market capitalization of $65.80 billion and generates $106.01 billion in revenue each year. The retailer earns $6.95 billion in net income (profit) each year or $12.059990 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 Target is www.target.com. The retailer can be reached via phone at (612) 304-6073, via email at [email protected], or via fax at 612-761-5555.