Target Stock Forecast, Price & News

Target's stock was trading at $105.58 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, TGT stock has increased by 51.2% and is now trading at $159.60.
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28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Target in the last year. There are currently 1 sell rating, 7 hold ratings, 18 buy ratings and 2 strong buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Target is scheduled to release its next quarterly earnings announcement on Wednesday, November 18th 2020.
View our earnings forecast for Target.

Target Co. (NYSE:TGT) posted its quarterly earnings results on Wednesday, August, 19th. The retailer reported $3.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $1.74. The retailer had revenue of $22.98 billion for the quarter, compared to the consensus estimate of $20.11 billion. Target had a return on equity of 30.25% and a net margin of 4.16%. The firm's revenue was up 24.7% on a year-over-year basis. During the same quarter last year, the company posted $1.82 EPS.
View Target's earnings history.

Target announced a quarterly dividend on Thursday, September 24th. Investors of record on Wednesday, November 18th will be paid a dividend of $0.68 per share on Thursday, December 10th. This represents a $2.72 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Tuesday, November 17th.
View Target's dividend history.

Target declared that its Board of Directors has approved a stock buyback program on Thursday, September 19th 2019, which allows the company to buyback $5,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 9.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

28 brokers have issued 12 month target prices for Target's shares. Their forecasts range from $105.00 to $180.00. On average, they anticipate Target's stock price to reach $140.26 in the next year. This suggests that the stock has a possible downside of 12.1%.
View analysts' price targets for Target.

Some companies that are related to Target include Dollar General (DG), Dollar Tree (DLTR), Big Lots (BIG), Tuesday Morning (TUES) 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), The 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 Focused Investors LLC (0.23%), Envestnet Asset Management Inc. (0.13%), PGGM Investments (0.10%), Hamlin Capital Management LLC (0.10%), Standard Life Aberdeen plc (0.08%) and Chicago Capital LLC (0.07%). Company insiders that own Target stock include Brian C Cornell, Cathy R Smith, Christina Hennington, Don H Liu, Janna A Potts, Laysha Ward, Mark J Tritton, Mark Schindele, Michael Edward Mcnamara, Robert M Harrison, Roxanne S Austin and Stephanie A Lundquist.
View institutional ownership trends for Target.

TGT stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Ziegler Capital Management LLC, Wedge Capital Management L L P NC, Polaris Wealth Advisory Group LLC, Hexavest Inc., Conning Inc., CWM LLC, and Standard Life Aberdeen plc. Company insiders that have sold Target company stock in the last year include Brian C Cornell, Christina Hennington, Don H Liu, Mark Schindele, Michael Edward Mcnamara, Robert M Harrison, Roxanne S Austin, and Stephanie A Lundquist.
View insider buying and selling activity for Target.

TGT stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, International Assets Investment Management LLC, Contravisory Investment Management Inc., Atalanta Sosnoff Capital LLC, Riggs Asset Managment Co. Inc., Exane Asset Management, Avantax Advisory Services Inc., and PGGM Investments.
View insider buying and selling activity for 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.

One share of TGT stock can currently be purchased for approximately $159.60.

Target has a market capitalization of $79.90 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.

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

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]