NYSE:TGT

Target Stock Forecast, Price & News

$243.77
+2.00 (+0.83 %)
(As of 09/23/2021 11:22 AM ET)
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Today's Range
$243.16
$245.13
50-Day Range
$241.31
$264.07
52-Week Range
$150.10
$267.06
Volume48,209 shs
Average Volume3.40 million shs
Market Capitalization$118.97 billion
P/E Ratio19.41
Dividend Yield1.49%
Beta0.98
30 days | 90 days | 365 days | Advanced Chart
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Target logo

About Target

Target Corp. engages in the operation and ownership of general merchandise stores. It offers food assortments including perishables, dry grocery, dairy, and frozen items. The company was founded by George Draper Dayton in 1902 and is headquartered in Minneapolis, MN.

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Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

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MarketRank

Overall MarketRank

2.94 out of 5 stars

Retail/Wholesale Sector

16th out of 263 stocks

Variety Stores Industry

3rd out of 12 stocks

Analyst Opinion: 2.4Community Rank: 5.0Dividend Strength: 4.2Insider Behavior: 2.5Valuation: 0.6 5 -4 -3 -2 -1 -
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Target (NYSE:TGT) Frequently Asked Questions

Is Target a buy right now?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Target in the last twelve months. There are currently 4 hold ratings, 16 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Target stock.
View analyst ratings for Target
or view top-rated stocks.

What stocks does MarketBeat like better than Target?

Wall Street analysts have given Target a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Target wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Target?

Target saw a drop in short interest during the month of August. As of August 13th, there was short interest totaling 8,120,000 shares, a drop of 12.4% from the July 29th total of 9,270,000 shares. Based on an average daily volume of 3,100,000 shares, the days-to-cover ratio is currently 2.6 days. Currently, 1.7% of the company's shares are short sold.
View Target's Short Interest
.

When is Target's next earnings date?

Target is scheduled to release its next quarterly earnings announcement on Wednesday, November 17th 2021.
View our earnings forecast for Target
.

How were Target's earnings last quarter?

Target Co. (NYSE:TGT) announced its earnings results on Tuesday, August, 17th. The retailer reported $3.64 EPS for the quarter, beating the consensus estimate of $3.49 by $0.15. The retailer had revenue of $24.83 billion for the quarter, compared to the consensus estimate of $25.03 billion. Target had a net margin of 6.29% and a trailing twelve-month return on equity of 44.68%. Target's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the firm earned $3.38 EPS.
View Target's earnings history
.

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

Target's stock was trading at $105.58 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, TGT stock has increased by 130.8% and is now trading at $243.67.
View which stocks have been most impacted by COVID-19
.

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

Target declared a quarterly dividend on Thursday, September 23rd. Investors of record on Wednesday, November 17th will be given a dividend of $0.90 per share on Friday, December 10th. This represents a $3.60 annualized dividend and a dividend yield of 1.48%.
View Target's dividend history
.

Is Target a good dividend stock?

Target pays an annual dividend of $3.60 per share and currently has a dividend yield of 1.49%. Target has been increasing its dividend for 50 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Target is 38.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Target will have a dividend payout ratio of 28.57% next year. This indicates that Target will be able to sustain or increase its dividend.
View Target's dividend history.

How will Target's stock buyback program work?

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

What price target have analysts set for TGT?

21 equities research analysts have issued 12-month price objectives for Target's stock. Their forecasts range from $188.00 to $305.00. On average, they expect Target's share price to reach $251.42 in the next twelve months. This suggests a possible upside of 3.2% from the stock's current price.
View analysts' price targets for Target
or view top-rated stocks among Wall Street analysts.

Who are Target's key executives?

Target's management team includes the following people:
  • Brian C. Cornell, Chairman & Chief Executive Officer
  • John J. Mulligan, Chief Operating Officer & Executive Vice President
  • Michael J. Fiddelke, Chief Financial Officer & Executive Vice President
  • Michael E. McNamara, Chief Information Officer & Executive VP (LinkedIn Profile)
  • Rich Agostino, Chief Information Security Officer & Senior VP

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

10,048 employees have rated Target CEO Brian Cornell on Glassdoor.com. Brian Cornell has an approval rating of 78% among Target's employees.

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), Walmart (WMT), AT&T (T), The Walt Disney (DIS), Johnson & Johnson (JNJ), The 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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.65%), BlackRock Inc. (8.19%), State Street Corp (7.35%), Geode Capital Management LLC (1.58%), Northern Trust Corp (1.32%) and GQG Partners LLC (1.20%). Company insiders that own Target stock include Brian C Cornell, Cara A Sylvester, Christina Hennington, Don H Liu, Don H Liu, John J Mulligan, Katie M Boylan, Mark Schindele, Michael Edward Mcnamara, Robert M Harrison, Robert M Harrison, Roxanne S Austin, Stephanie A Lundquist and Stephen A Vintz.
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 AQR Capital Management LLC, First Trust Advisors LP, LSV Asset Management, Canada Pension Plan Investment Board, Invesco Ltd., Parallax Volatility Advisers L.P., Massachusetts Financial Services Co. MA, and Citadel Advisors LLC. Company insiders that have sold Target company stock in the last year include Brian C Cornell, Cara A Sylvester, Christina Hennington, Don H Liu, John J Mulligan, Katie M Boylan, Mark Schindele, Michael Edward Mcnamara, Robert M Harrison, Stephanie A Lundquist, and Stephen A Vintz.
View insider buying and selling activity for Target
or view top insider-selling stocks.

Which major investors are buying Target stock?

TGT stock was purchased by a variety of institutional investors in the last quarter, including GQG Partners LLC, BlackRock Inc., Amundi, Melvin Capital Management LP, Millennium Management LLC, Simplex Trading LLC, APG Asset Management N.V., and 1832 Asset Management L.P..
View insider buying and selling activity for Target
or or view top insider-buying stocks.

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 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 $243.67.

How much money does Target make?

Target has a market capitalization of $118.92 billion and generates $93.56 billion in revenue each year. The retailer earns $4.37 billion in net income (profit) each year or $9.42 on an earnings per share basis.

How many employees does Target have?

Target employs 409,000 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. (MN), Target Capital Corporation (MN), Target Enterprise Inc. (MN), and Target General Merchandise Inc. (MN).

When was Target founded?

Target was founded in 1902.

What is Target's official website?

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

Where are Target's headquarters?

Target is headquartered at 1000 NICOLLET MALL, MINNEAPOLIS MN, 55403.

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 9/23/2021 by MarketBeat.com Staff
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