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NYSE:TGTTarget Stock Price, Forecast & News

$122.33
+3.90 (+3.29 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$118.16
Now: $122.33
$122.78
50-Day Range
$103.86
MA: $112.88
$125.20
52-Week Range
$79.41
Now: $122.33
$130.24
Volume8.71 million shs
Average Volume6.06 million shs
Market Capitalization$61.14 billion
P/E Ratio22.65
Dividend Yield2.16%
Beta0.78
Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise. The company also provides in-store amenities, such as Target Café, Target Optical, Starbucks, and other food service offerings. It sells its products through its stores; and digital channels, including Target.com. As of February 2, 2019, the company operated 1,844 stores. Target Corporation was founded in 1902 and is headquartered in Minneapolis, Minnesota.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 4.2Dividend Strength: 5.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.90 out of 5 stars


Industry, Sector and Symbol

Industry Variety stores
Sub-IndustryGeneral Merchandise Stores
CUSIP87612E10
Phone612-304-6073

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$78.11 billion
Cash Flow$11.64 per share
Book Value$23.35 per share

Profitability

Net Income$3.28 billion

Miscellaneous

Employees368,000
Market Cap$61.14 billion
Next Earnings Date8/19/2020 (Estimated)
OptionableOptionable

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Target (NYSE:TGT) Frequently Asked Questions

How has Target's stock been impacted by COVID-19 (Coronavirus)?

Target's stock was trading at $105.58 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, TGT shares have increased by 15.9% and is now trading at $122.33. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Target?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Target in the last year. There are currently 6 hold ratings, 17 buy ratings and 2 strong buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Target.

When is Target's next earnings date?

Target is scheduled to release its next quarterly earnings announcement on Wednesday, August 19th 2020. View our earnings forecast for Target.

How were Target's earnings last quarter?

Target Co. (NYSE:TGT) announced its quarterly earnings data on Wednesday, May, 20th. The retailer reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.40 by $0.19. The retailer had revenue of $19.37 billion for the quarter, compared to analyst estimates of $19.04 billion. Target had a net margin of 3.46% and a return on equity of 24.17%. The company's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.53 EPS. View Target's earnings history.

How often does Target pay dividends? What is the dividend yield for Target?

Target declared a quarterly dividend on Thursday, March 12th. Investors of record on Wednesday, May 20th will be given a dividend of $0.66 per share on Wednesday, June 10th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Tuesday, May 19th. View Target's dividend history.

How will Target's stock buyback program work?

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

What guidance has Target issued on next quarter's earnings?

Target updated its FY21 earnings guidance on Tuesday, March, 3rd. The company provided earnings per share guidance of $6.70-7.00 for the period, compared to the Thomson Reuters consensus estimate of $6.61.

What price target have analysts set for TGT?

25 Wall Street analysts have issued 12-month price objectives for Target's shares. Their forecasts range from $110.00 to $150.00. On average, they anticipate Target's share price to reach $128.09 in the next twelve months. This suggests a possible upside of 4.7% from the stock's current price. View analysts' price targets for Target.

Has Target been receiving favorable news coverage?

Media stories about TGT stock have trended negative on Monday, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Target earned a coverage optimism score of -2.5 on InfoTrie's scale. They also assigned media coverage about the retailer a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutTarget.

Are investors shorting Target?

Target saw a increase in short interest in May. As of May 15th, there was short interest totaling 20,000,000 shares, an increase of 24.6% from the April 30th total of 16,050,000 shares. Based on an average trading volume of 6,060,000 shares, the short-interest ratio is currently 3.3 days. Approximately 4.0% of the company's shares are short sold. View Target's Current Options Chain.

Who are some of Target's key competitors?

What other stocks do shareholders of Target own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Target investors own include NVIDIA (NVDA), Walt Disney (DIS), Walmart (WMT), AT&T (T), Alibaba Group (BABA), Johnson & Johnson (JNJ), Home Depot (HD), Verizon Communications (VZ), Cisco Systems (CSCO) and Netflix (NFLX).

Who are Target's key executives?

Target's management team includes the following people:
  • Mr. Brian C. Cornell, Chairman & CEO (Age 60)
  • Ms. Catherine R. Smith, Exec. VP & CFO (Age 55)
  • Mr. John J. Mulligan, Exec. VP & COO (Age 53)
  • Mr. Michael Edward McNamara, Exec. VP & Chief Information Officer (Age 54)
  • Ms. Janna Adair Potts, Exec. VP & Chief Stores Officer (Age 51)

What is Target's stock symbol?

Target trades on the New York Stock Exchange (NYSE) under the ticker symbol "TGT."

Who are Target's major shareholders?

Target's stock is owned by a number of retail and institutional investors. Top institutional investors include State Street Corp (8.17%), BlackRock Inc. (7.55%), Capital World Investors (3.16%), Geode Capital Management LLC (1.50%), Franklin Resources Inc. (1.35%) and Nuveen Asset Management LLC (1.07%). Company insiders that own Target stock include Brian C Cornell, Cathy R Smith, Don H Liu, Janna A Potts, Laysha Ward, Mark J Tritton, Michael Edward Mcnamara, Robert M Harrison, Roxanne S Austin and Stephanie A Lundquist. View institutional ownership trends for Target.

Which major investors are selling Target stock?

TGT stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, APG Asset Management N.V., APG Asset Management N.V., State Street Corp, Edgar Lomax Co. VA, Lord Abbett & CO. LLC, Skandinaviska Enskilda Banken AB publ , and Bessemer Group Inc.. Company insiders that have sold Target company stock in the last year include Brian C Cornell, Cathy R Smith, Don H Liu, Laysha Ward, Mark J Tritton, Michael Edward Mcnamara, Robert M Harrison, Roxanne S Austin, and Stephanie A Lundquist. View insider buying and selling activity for Target.

Which major investors are buying Target stock?

TGT stock was purchased by a variety of institutional investors in the last quarter, including Franklin Resources Inc., APG Asset Management N.V., AQR Capital Management LLC, Alyeska Investment Group L.P., Cullen Capital Management LLC, Rothschild & Co. Asset Management US Inc., Hexavest Inc., and Retirement Systems of Alabama. View insider buying and selling activity for Target.

How do I buy shares of Target?

Shares of TGT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Target's stock price today?

One share of TGT stock can currently be purchased for approximately $122.33.

How big of a company is Target?

Target has a market capitalization of $61.14 billion and generates $78.11 billion in revenue each year. The retailer earns $3.28 billion in net income (profit) each year or $6.39 on an earnings per share basis. Target employs 368,000 workers across the globe.

What is Target's official website?

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

How can I contact Target?

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]

This page was last updated on 6/1/2020 by MarketBeat.com Staff

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