NYSE:TGT - Target Stock Price, Forecast & News

Target's stock was trading at $105.58 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, TGT shares have decreased by 10.1% and is now trading at $94.8750. View which stocks have been mosted impacted by Coronavirus.

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Target in the last year. There are currently 6 hold ratings, 14 buy ratings and 2 strong buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Target.

Target is scheduled to release its next quarterly earnings announcement on Wednesday, May 27th 2020. View our earnings forecast for Target.

Target Co. (NYSE:TGT) released its earnings results on Tuesday, March, 3rd. The retailer reported $1.69 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.66 by $0.03. The retailer earned $23.40 billion during the quarter, compared to analyst estimates of $23.45 billion. Target had a return on equity of 28.46% and a net margin of 4.20%. The business's quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.53 earnings per share. View Target's earnings history.

Target declared a quarterly dividend on Thursday, March 12th. Stockholders of record on Wednesday, May 20th will be paid a dividend of $0.66 per share on Wednesday, June 10th. This represents a $2.64 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Tuesday, May 19th. View Target's dividend history.

Target announced that its Board of Directors has initiated a stock repurchase program on Thursday, September 19th 2019, which permits the company to repurchase $5,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 9.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

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

22 brokers have issued 1 year target prices for Target's stock. Their forecasts range from $76.05 to $150.00. On average, they expect Target's share price to reach $124.38 in the next year. This suggests a possible upside of 31.1% from the stock's current price. View analysts' price targets for Target.

News stories about TGT stock have been trending very negative on Tuesday, InfoTrie reports. The research group scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Target earned a daily sentiment score of -3.0 on InfoTrie's scale. They also assigned media stories about the retailer a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the next few days. View the latest news aboutTarget.

Target saw a decrease in short interest in the month of March. As of March 13th, there was short interest totaling 10,975,400 shares, a decrease of 8.2% from the February 27th total of 11,960,000 shares. Based on an average daily trading volume, of 5,030,000 shares, the short-interest ratio is presently 2.2 days. Approximately 2.2% of the shares of the company are short sold. View Target's Current Options Chain.

Some companies that are related to Target include Dollar General (DG), Dollar Tree (DLTR), Big Lots (BIG), Tuesday Morning (TUES) and Fred's (FREDQ).

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

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

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 $94.88.

Target has a market capitalization of $47.53 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. View additional information about Target.

The official website for Target is http://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]