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S&P 500   3,852.36
DOW   32,920.46
QQQ   294.62
7 Safe Investments with Relatively High Returns for 2023
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Lucid Group's Buyout Rumors Continue
These AI, Cloud Stocks are Down Significantly, Not For Long
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Dividend King Sysco: Buying On The Dip 
Will Caterpillar Dig Its Way To Another Buying Opportunity? 
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Wall Street climbs to add more to its strong January
Verizon, Charter Trend Higher In Past Month: Are They Buys Now?
S&P 500   3,852.36
DOW   32,920.46
QQQ   294.62
7 Safe Investments with Relatively High Returns for 2023
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Lucid Group's Buyout Rumors Continue
These AI, Cloud Stocks are Down Significantly, Not For Long
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Dividend King Sysco: Buying On The Dip 
Will Caterpillar Dig Its Way To Another Buying Opportunity? 
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Wall Street climbs to add more to its strong January
Verizon, Charter Trend Higher In Past Month: Are They Buys Now?
S&P 500   3,852.36
DOW   32,920.46
QQQ   294.62
7 Safe Investments with Relatively High Returns for 2023
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Lucid Group's Buyout Rumors Continue
These AI, Cloud Stocks are Down Significantly, Not For Long
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Dividend King Sysco: Buying On The Dip 
Will Caterpillar Dig Its Way To Another Buying Opportunity? 
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Wall Street climbs to add more to its strong January
Verizon, Charter Trend Higher In Past Month: Are They Buys Now?

Target - TGT Stock Forecast, Price & News

$172.14
+3.46 (+2.05%)
(As of 01/31/2023 12:00 AM ET)
Add
Compare
Today's Range
$168.12
$172.22
50-Day Range
$141.35
$172.14
52-Week Range
$137.16
$254.87
Volume
3.69 million shs
Average Volume
3.31 million shs
Market Capitalization
$79.23 billion
P/E Ratio
23.58
Dividend Yield
2.56%
Price Target
$181.07

Target MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.66 Rating Score
Upside/​Downside
5.2% Upside
$181.07 Price Target
Short Interest
Healthy
2.33% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.81
Upright™ Environmental Score
News Sentiment
1.08mentions of Target in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
71.43%
From $5.53 to $9.48 Per Share

Overall MarketRank

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

2.57 out of 5 stars

Retail/Wholesale Sector

41st out of 216 stocks

Variety Stores Industry

4th out of 11 stocks


TGT stock logo

About Target (NYSE:TGT) Stock

Target Corporation has a long history dating back to 1902. The company began as Goodfellows Dry Goods, operated by George Dalton, and later changed its name via a progression of mergers and acquisitions. The first “Target” store was opened in Roseville, Minnesota in 1962 as the discount division of the parent company. The idea was discount or low-priced items could still be fashionable and desirable. After meeting great success in the home territory, the concept went public in the late 1960s was later expanded on a national level during the 1980s. Target Corporation is now the 7th largest retailer in the US and is projected to bring in more than $113 billion in revenue for fiscal 2023.

The department stores were shed in 2004 so today Target operates as a general merchandise retailer that serves on-trend items at discounted prices. It is known as a big box retailer and is a member of the S&P 500. The company listed about 2,000 stores in mid-2022 and had plans for growth. The company offers an assortment of everyday, household, and food goods in a bright and cheery atmosphere. It has set itself apart from other low-priced retailers as the chic choice for savvy shoppers. The company’s stated purpose is to help families discover the joy of everyday life and it does so by offering quality products that families can afford.

The company sells its products through a chain of stores as well as eCommerce. eCommerce is about 20% of Target’s total revenue and was boosted by the COVID-19 pandemic. Services like delivery, same-day pickup, and access to thousands of necessary and discretionary items are also driving adoption. Target also offers amenities like cafes and opticians, and it hosts Starbucks inside the stores.

Target Corporation has paid and increased its dividend for more than 5 decades. The company issued its 53rd consecutive distribution increase in calendar 2022 bringing the total annual payout to $4.32. In late October 2022, the payout was worth 2.7% in yield and came with a 40% payout ratio and a 9% distribution compound annual growth rate.

Target is a leader in ESG and giving back to the community. Among its many endeavors is to return 5% of its profits to community charities as well as to inspire its employees to volunteer. Volunteers donate more than 1 million man-hours per year.

 

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TGT Stock News Headlines

Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Target (NYSE:TGT) Now Covered by Oppenheimer
Brokerages Set Target Co. (NYSE:TGT) Price Target at $180.75
Brokerages Set Target Co. (NYSE:TGT) Price Target at $180.75
5 Streaming Stocks With Takeover Targets on Their Back
3 Stocks That Could Be the Next Big M&A Targets
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Target (TGT) Stock Sinks on Major Profit Miss, Outlook Cut
Regulators Are Targeting Short Sellers in Big Tech Stocks
Should You Short Target (TGT) Stock Now?
3 Cheap Stocks With High Price Targets
Target (TGT) Stock Slips on Earnings Miss
Why Is Target (TGT) Stock in the Spotlight Today?
Are We Beyond the Worst?
See More Headlines
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TGT Company Calendar

Ex-Dividend for 12/10 Dividend
11/15/2022
Last Earnings
11/16/2022
Dividend Payable
12/10/2022
Today
1/31/2023
Fiscal Year End
1/31/2023
Ex-Dividend for 3/10 Dividend
2/14/2023
Next Earnings (Estimated)
3/07/2023
Dividend Payable
3/10/2023

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
$181.07
High Stock Price Forecast
$235.00
Low Stock Price Forecast
$132.00
Forecasted Upside/Downside
+5.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.66
Research Coverage
29 Analysts

Profitability

Net Income
$6.95 billion
Pretax Margin
4.04%

Debt

Sales & Book Value

Annual Sales
$106.01 billion
Cash Flow
$19.88 per share
Book Value
$26.77 per share

Miscellaneous

Free Float
458,928,000
Market Cap
$79.23 billion
Optionable
Optionable
Beta
1.03

Social Links


Key Executives

  • Brian C. CornellBrian C. Cornell
    Chairman & Chief Executive Officer
  • John J. MulliganJohn J. Mulligan
    Chief Operating Officer & Executive Vice President
  • Michael J. FiddelkeMichael J. Fiddelke
    Chief Financial Officer & Executive Vice President
  • Brett Craig
    Chief Information Officer & Executive VP
  • Pratabkumar Vemana
    Executive VP, Chief Digital & Product Officer













TGT Stock - Frequently Asked Questions

Should I buy or sell Target stock right now?

29 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Target in the last twelve months. There are currently 11 hold ratings, 17 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research 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 2023?

29 Wall Street analysts have issued 1-year target prices for Target's stock. Their TGT share price forecasts range from $132.00 to $235.00. On average, they expect the company's share price to reach $181.07 in the next year. This suggests a possible upside of 5.2% 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 2023?

Target's stock was trading at $149.04 at the beginning of 2023. Since then, TGT stock has increased by 15.5% and is now trading at $172.14.
View the best growth stocks for 2023 here
.

When is Target's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
View our TGT earnings forecast
.

How were Target's earnings last quarter?

Target Co. (NYSE:TGT) released its quarterly earnings results on Wednesday, November, 16th. The retailer reported $1.54 EPS for the quarter, missing analysts' consensus estimates of $2.15 by $0.61. The retailer had revenue of $26.12 billion for the quarter, compared to analyst estimates of $26.40 billion. Target had a trailing twelve-month return on equity of 30.51% and a net margin of 3.17%. The firm's quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $3.03 earnings per share.
Read the conference call transcript
.

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

Target announced a quarterly dividend on Thursday, January 12th. Stockholders of record on Wednesday, February 15th will be given a dividend of $1.08 per share on Friday, March 10th. This represents a $4.32 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Tuesday, February 14th.
Read our dividend analysis for TGT
.

Is Target a good dividend stock?

Target (NYSE:TGT) pays an annual dividend of $4.32 per share and currently has a dividend yield of 2.56%. The dividend payout ratio is 59.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGT will have a dividend payout ratio of 45.57% 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 has approved a share repurchase plan on Wednesday, August 18th 2021, which allows the company to buyback $15,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 12.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board 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 Sumitomo Mitsui Trust Holdings Inc. (0.34%), Focused Investors LLC (0.18%), New York State Common Retirement Fund (0.18%), Ceredex Value Advisors LLC (0.17%), Hamlin Capital Management LLC (0.14%) and Parnassus Investments LLC (0.14%). Insiders that own company stock include Brian C Cornell, Brian C Cornell, Cara A Sylvester, Christina Hennington, Don H Liu, Don H Liu, Jill Sando, John J Mulligan, Katie M Boylan, Mark Schindele, Matthew A Liegel, 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 $172.14.

How much money does Target make?

Target (NYSE:TGT) has a market capitalization of $79.23 billion and generates $106.01 billion in revenue each year. The retailer earns $6.95 billion in net income (profit) each year or $7.30 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
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 2/1/2023 by MarketBeat.com Staff