Target Stock Forecast, Price & 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 stock has increased by 81.8% and is now trading at $191.91.
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24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Target in the last twelve months. There are currently 6 hold ratings, 15 buy ratings and 3 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Target stock.
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6,978 employees have rated Target CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among Target's employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Target is scheduled to release its next quarterly earnings announcement on Tuesday, March 2nd 2021.
View our earnings forecast for Target.

Target Co. (NYSE:TGT) issued its quarterly earnings data on Tuesday, November, 17th. The retailer reported $2.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $1.19. The retailer earned $22.63 billion during the quarter, compared to analyst estimates of $20.91 billion. Target had a return on equity of 34.94% and a net margin of 4.31%. During the same quarter in the previous year, the firm posted $1.36 earnings per share.
View Target's earnings history.

Target announced a quarterly dividend on Thursday, January 14th. Shareholders of record on Wednesday, February 17th will be paid a dividend of $0.68 per share on Wednesday, March 10th. This represents a $2.72 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Tuesday, February 16th.
View Target's dividend history.

Target pays an annual dividend of $2.72 per share and currently has a dividend yield of 1.42%. 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 42.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Target will have a dividend payout ratio of 31.45% next year. This indicates that Target will be able to sustain or increase its dividend.
View Target's dividend history.

Target declared that its board has initiated a share buyback plan on Thursday, September 19th 2019, which authorizes the company to buyback $5,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 9.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

24 analysts have issued 12 month price objectives for Target's shares. Their forecasts range from $120.00 to $230.00. On average, they anticipate Target's stock price to reach $161.65 in the next year. This suggests that the stock has a possible downside of 15.8%.
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Some companies that are related to Target include Costco Wholesale (COST), Wal-Mart de México (WMMVY), Dollar General (DG), Tesco (TSCDY), Dollar Tree (DLTR), Five Below (FIVE), MINISO Group (MNSO), Ollie's Bargain Outlet (OLLI), BJ's Wholesale Club (BJ), PriceSmart (PSMT), Big Lots (BIG), Tuesday Morning (TUESQ) and Fred's (FREDQ).
View all of TGT's competitors.

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).

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

Target's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Focused Investors LLC (0.23%), State of Alaska Department of Revenue (0.06%), Atalanta Sosnoff Capital LLC (0.06%), Park National Corp OH (0.06%), Gateway Investment Advisers LLC (0.05%) and Wedge Capital Management L L P NC (0.03%). 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 Hexavest Inc., Exchange Traded Concepts LLC, Crossmark Global Holdings Inc., Transform Wealth LLC, OLD National Bancorp IN, Avantax Advisory Services Inc., State of Alaska Department of Revenue, and Park National Corp OH. 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 or view top insider-selling stocks.

TGT stock was acquired by a variety of institutional investors in the last quarter, including Boenning & Scattergood Inc., Sawgrass Asset Management LLC, Capital City Trust Co. FL, Baldwin Brothers Inc. MA, Atalanta Sosnoff Capital LLC, Beacon Harbor Wealth Advisors Inc., Kinloch Capital LLC, and Cypress Wealth Services LLC.
View insider buying and selling activity for Target or or view top insider-buying stocks.

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.

One share of TGT stock can currently be purchased for approximately $191.91.

Target has a market capitalization of $96.10 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]