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S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
The 3-Stock Retirement Blueprint (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
3rd Massive Dollar Upheaval Has Started (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
The 3-Stock Retirement Blueprint (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
3rd Massive Dollar Upheaval Has Started (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
The 3-Stock Retirement Blueprint (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
3rd Massive Dollar Upheaval Has Started (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)

Target - TGT Stock Forecast, Price & News

$180.19
+6.80 (+3.92%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$175.56
$183.89
50-Day Range
$139.30
$180.19
52-Week Range
$137.16
$268.98
Volume
8.93 million shs
Average Volume
4.94 million shs
Market Capitalization
$83.55 billion
P/E Ratio
14.94
Dividend Yield
2.08%
Price Target
$189.15

Target MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
5.0% Upside
$189.15 Price Target
Short Interest
Healthy
1.46% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.81
Upright™ Environmental Score
News Sentiment
0.67mentions of Target in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$6.37 M Sold Last Quarter
Proj. Earnings Growth
44.01%
From $8.43 to $12.14 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.95 out of 5 stars

Retail/Wholesale Sector

13th out of 218 stocks

Variety Stores Industry

1st out of 11 stocks

TGT stock logo

About Target (NYSE:TGT) Stock

Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials. It also provides in-store amenities, such as Target Café, Target Optical, Starbucks, and other food service offerings. The company sells its products through its stores; and digital channels, including Target.com. As of March 09, 2022, the company operated approximately 2,000 stores. Target Corporation was incorporated in 1902 and is headquartered in Minneapolis, Minnesota.

Target Trading Up 0.5 %

Shares of NYSE:TGT opened at $173.39 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.14 and a debt-to-equity ratio of 1.24. Target has a 12-month low of $137.16 and a 12-month high of $268.98. The business has a 50 day moving average of $152.90 and a two-hundred day moving average of $190.64. The company has a market capitalization of $80.40 billion, a PE ratio of 14.38, a PEG ratio of 2.00 and a beta of 1.03.

Target (NYSE:TGT - Get Rating) last announced its quarterly earnings results on Wednesday, May 18th. The retailer reported $2.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.00 by ($0.81). Target had a return on equity of 44.75% and a net margin of 5.48%. The firm had revenue of $24.83 billion for the quarter, compared to analysts' expectations of $24.48 billion. During the same period last year, the company posted $3.69 earnings per share. The business's quarterly revenue was up 4.0% on a year-over-year basis. As a group, analysts forecast that Target will post 8.43 EPS for the current year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 10th. Shareholders of record on Wednesday, August 17th will be given a dividend of $1.08 per share. The ex-dividend date of this dividend is Tuesday, August 16th. This is a boost from Target's previous quarterly dividend of $0.90. This represents a $4.32 dividend on an annualized basis and a yield of 2.49%. Target's dividend payout ratio is currently 29.85%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Truist Financial dropped their target price on shares of Target from $171.00 to $150.00 and set a "hold" rating on the stock in a report on Wednesday, June 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Target from $227.00 to $198.00 and set a "buy" rating for the company in a research note on Wednesday, June 8th. Credit Suisse Group dropped their target price on Target from $286.00 to $180.00 and set an "outperform" rating on the stock in a research report on Monday, May 23rd. Bank of America cut Target from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $235.00 to $165.00 in a research note on Wednesday, June 8th. Finally, Stifel Nicolaus lowered Target from a "buy" rating to a "hold" rating and cut their target price for the company from $270.00 to $185.00 in a research note on Wednesday, May 18th. Nine investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $189.15.

Insider Activity

In other Target news, insider John J. Mulligan sold 45,490 shares of the business's stock in a transaction that occurred on Friday, June 17th. The stock was sold at an average price of $139.98, for a total transaction of $6,367,690.20. Following the completion of the sale, the insider now directly owns 157,333 shares in the company, valued at approximately $22,023,473.34. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.29% of the company's stock.

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TGT Stock News Headlines

Target (NYSE:TGT) Raised to Overweight at Wells Fargo & Company
Why Is Target (TGT) Stock in the Spotlight Today?
Target (NYSE:TGT) Price Target Cut to $215.00
Analysts Set Target Co. (NYSE:TGT) PT at $189.44
Target (NYSE:TGT) Shares Gap Down to $157.49
Target (NYSE:TGT) Now Covered by Piper Sandler
Are We Beyond the Worst?
3 Quality Dividend Stocks With No Russia Exposure
Target Stock Is On Track for Long-Term Gains
See More Headlines
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TGT Company Calendar

Ex-Dividend for 6/10 Dividend
5/17/2022
Last Earnings
5/18/2022
Dividend Payable
6/10/2022
Today
8/16/2022
Ex-Dividend for 9/10 Dividend
8/16/2022
Next Earnings (Confirmed)
8/17/2022
Dividend Payable
9/10/2022
Fiscal Year End
1/31/2023

Industry, Sector and Symbol

Industry
Variety stores
Sub-Industry
General Merchandise Stores
CUSIP
87612E10
Employees
450,000
Year Founded
1902

Price Target and Rating

Average Stock Price Forecast
$189.15
High Stock Price Forecast
$235.00
Low Stock Price Forecast
$150.00
Forecasted Upside/Downside
+5.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
26 Analysts

Profitability

Net Income
$6.95 billion
Pretax Margin
7.05%

Debt

Sales & Book Value

Annual Sales
$106.01 billion
Cash Flow
$20.34 per share
Book Value
$26.77 per share

Miscellaneous

Free Float
462,351,000
Market Cap
$83.55 billion
Optionable
Optionable
Beta
1.03

Social Links















TGT Stock - Frequently Asked Questions

Should I buy or sell Target stock right now?

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.
View TGT analyst ratings
or view top-rated stocks.

What is Target's stock price forecast for 2022?

26 equities research analysts have issued 12 month price objectives for Target's shares. Their TGT share price forecasts range from $150.00 to $235.00. On average, they anticipate the company's stock price to reach $189.15 in the next twelve months. This suggests a possible upside of 5.0% from the stock's current price.
View analysts price targets for TGT
or view top-rated stocks among Wall Street analysts.

How have TGT shares performed in 2022?

Target's stock was trading at $231.44 at the beginning of the year. Since then, TGT shares have decreased by 22.1% and is now trading at $180.19.
View the best growth stocks for 2022 here
.

When is Target's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 17th 2022.
View our TGT earnings forecast
.

How can I listen to Target's earnings call?

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.

How were Target's earnings last quarter?

Target Co. (NYSE:TGT) released its quarterly earnings data on Wednesday, May, 18th. The retailer reported $2.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.00 by $0.81. The retailer earned $24.83 billion during 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 business's revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.69 EPS.
Read the conference call transcript
.

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

Target declared 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 yield of 2.40%. The ex-dividend date of this dividend is Tuesday, August 16th. This is a boost from the stock's previous quarterly dividend of $0.90.
Read our dividend analysis for TGT
.

Is Target a good dividend stock?

Target (NYSE:TGT) pays an annual dividend of $3.60 per share and currently has a dividend yield of 2.08%. 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 29.65% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TGT.

How will Target's stock buyback program work?

Target announced that its Board of Directors has approved a share repurchase program on Wednesday, August 18th 2021, which permits the company to buyback $15,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 12.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

What is Brian Cornell's approval rating as Target's CEO?

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.

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), 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).

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 variety of institutional and retail investors. Top institutional shareholders include State Street Corp (7.19%), Massachusetts Financial Services Co. MA (1.46%), Northern Trust Corp (1.27%), FMR LLC (0.95%), Franklin Resources Inc. (0.95%) and UBS Asset Management Americas Inc. (0.73%). 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.
View institutional ownership trends
.

How do I buy shares of Target?

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.
Compare Top Brokerages Here.

What is Target's stock price today?

One share of TGT stock can currently be purchased for approximately $180.19.

How much money does Target make?

Target (NYSE:TGT) has a market capitalization of $83.55 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.

How many employees does Target have?

The company employs 450,000 workers across the globe.

Does Target have any subsidiaries?
The following companies are subsidiares of Target: A Bullseye View, Associated Merchandising Corporation, Chefs Catalog, Cooking.com, Deliv, DermStore, Fedco, Grand Junction, PoweredAnalytics, Shipt, Sonia Kashuk, Target Brands Inc., Target Enterprise Inc., and Target General Merchandise Inc..
Read More
When was Target founded?

Target was founded in 1902.

How can I contact Target?

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.

This page (NYSE:TGT) was last updated on 8/17/2022 by MarketBeat.com Staff

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