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Germany urged to cap heat in offices this winter to save gas
Apple’s Next “Star Product” Could Replace The iPhone? (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
How to Get ANOTHER 80% Off the Best Cryptos (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Former Deutsche Bank Co-CEO Anshu Jain dies
How to Get ANOTHER 80% Off the Best Cryptos (Ad)pixel
Germans urged to cap heat in offices this winter to save gas
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Germany urged to cap heat in offices this winter to save gas
Apple’s Next “Star Product” Could Replace The iPhone? (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
How to Get ANOTHER 80% Off the Best Cryptos (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Former Deutsche Bank Co-CEO Anshu Jain dies
How to Get ANOTHER 80% Off the Best Cryptos (Ad)pixel
Germans urged to cap heat in offices this winter to save gas
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Germany urged to cap heat in offices this winter to save gas
Apple’s Next “Star Product” Could Replace The iPhone? (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
How to Get ANOTHER 80% Off the Best Cryptos (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Former Deutsche Bank Co-CEO Anshu Jain dies
How to Get ANOTHER 80% Off the Best Cryptos (Ad)pixel
Germans urged to cap heat in offices this winter to save gas
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Germany urged to cap heat in offices this winter to save gas
Apple’s Next “Star Product” Could Replace The iPhone? (Ad)pixel
NYSE:TGT

Target - TGT Stock Forecast, Price & News

$172.48
+2.88 (+1.70%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$170.05
$172.49
50-Day Range
$139.30
$172.48
52-Week Range
$137.16
$268.98
Volume
2.36 million shs
Average Volume
3.55 million shs
Market Capitalization
$79.98 billion
P/E Ratio
14.30
Dividend Yield
2.09%
Price Target
$189.15

Target MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
9.7% Upside
$189.15 Price Target
Short Interest
Healthy
1.46% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.81
Upright™ Environmental Score
News Sentiment
0.67mentions of Target in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$6.37 M Sold Last Quarter
Proj. Earnings Growth
43.74%
From $8.46 to $12.16 Per Share

Overall MarketRank

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

2.95 out of 5 stars

Retail/Wholesale Sector

13th out of 224 stocks

Variety Stores Industry

1st out of 12 stocks

TGT stock logo

About Target (NYSE:TGT) Stock

Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials. It also provides in-store amenities, such as Target Café, Target Optical, Starbucks, and other food service offerings. The company sells its products through its stores; and digital channels, including Target.com. As of March 09, 2022, the company operated approximately 2,000 stores. Target Corporation was incorporated in 1902 and is headquartered in Minneapolis, Minnesota.

Target Stock Up 1.7 %

Shares of Target stock traded up $2.88 during trading on Friday, hitting $172.48. The company's stock had a trading volume of 2,357,285 shares, compared to its average volume of 3,548,874. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.14 and a current ratio of 0.87. The company has a fifty day simple moving average of $152.63 and a two-hundred day simple moving average of $191.21. The company has a market capitalization of $79.98 billion, a PE ratio of 14.30, a P/E/G ratio of 1.95 and a beta of 1.03. Target has a 52 week low of $137.16 and a 52 week high of $268.98.

Target (NYSE:TGT - Get Rating) last announced its quarterly earnings results on Wednesday, May 18th. The retailer reported $2.19 EPS for the quarter, missing analysts' consensus estimates of $3.00 by ($0.81). Target had a return on equity of 44.75% and a net margin of 5.48%. The company had revenue of $24.83 billion during the quarter, compared to the consensus estimate of $24.48 billion. During the same quarter in the prior year, the firm earned $3.69 earnings per share. The business's revenue was up 4.0% compared to the same quarter last year. Equities research analysts predict that Target will post 8.46 earnings per share for the current year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, September 10th. Shareholders of record on Wednesday, August 17th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.50%. This is a positive change from Target's previous quarterly dividend of $0.90. The ex-dividend date is Tuesday, August 16th. Target's dividend payout ratio is presently 29.85%.

Analyst Upgrades and Downgrades

TGT has been the subject of several recent research reports. Tigress Financial decreased their price objective on Target from $320.00 to $215.00 and set a "buy" rating for the company in a research note on Friday, July 29th. Stifel Nicolaus downgraded Target from a "buy" rating to a "hold" rating and reduced their price objective for the company from $270.00 to $185.00 in a research report on Wednesday, May 18th. UBS Group dropped their target price on Target from $225.00 to $205.00 and set a "buy" rating for the company in a research note on Wednesday, June 8th. Telsey Advisory Group lowered their target price on Target from $200.00 to $185.00 and set an "outperform" rating for the company in a research note on Wednesday, June 8th. Finally, The Goldman Sachs Group reduced their price target on Target from $191.00 to $171.00 and set a "buy" rating for the company in a report on Wednesday, June 8th. Nine equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $189.15.

Insider Activity

In other news, insider John J. Mulligan sold 45,490 shares of the stock in a transaction that occurred on Friday, June 17th. The stock was sold at an average price of $139.98, for a total transaction of $6,367,690.20. Following the transaction, the insider now owns 157,333 shares in the company, valued at approximately $22,023,473.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.29% of the company's stock.

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TGT Stock News Headlines

Target (NYSE:TGT) Raised to Overweight at Wells Fargo & Company
Why Is Target (TGT) Stock in the Spotlight Today?
Target (NYSE:TGT) Price Target Cut to $215.00
Analysts Set Target Co. (NYSE:TGT) PT at $189.44
Target (NYSE:TGT) Shares Gap Down to $157.49
Target (NYSE:TGT) Now Covered by Piper Sandler
Are We Beyond the Worst?
3 Quality Dividend Stocks With No Russia Exposure
Target Stock Is On Track for Long-Term Gains
See More Headlines
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TGT Company Calendar

Ex-Dividend for 6/10 Dividend
5/17/2022
Last Earnings
5/18/2022
Dividend Payable
6/10/2022
Today
8/14/2022
Ex-Dividend for 9/10 Dividend
8/16/2022
Next Earnings (Confirmed)
8/17/2022
Dividend Payable
9/10/2022
Fiscal Year End
1/31/2023

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
$189.15
High Stock Price Forecast
$235.00
Low Stock Price Forecast
$150.00
Forecasted Upside/Downside
+9.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
26 Analysts

Profitability

Net Income
$6.95 billion
Pretax Margin
7.05%

Debt

Sales & Book Value

Annual Sales
$106.01 billion
Cash Flow
$19.47 per share
Book Value
$26.77 per share

Miscellaneous

Free Float
462,351,000
Market Cap
$79.98 billion
Optionable
Optionable
Beta
1.03

Social Links















TGT Stock - Frequently Asked Questions

Should I buy or sell Target stock right now?

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Target in the last year. There are currently 8 hold ratings, 17 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 2022?

26 equities research analysts have issued 12-month target prices for Target's stock. Their TGT share price forecasts range from $150.00 to $235.00. On average, they expect the company's share price to reach $189.15 in the next year. This suggests a possible upside of 9.7% 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 2022?

Target's stock was trading at $231.44 on January 1st, 2022. Since then, TGT shares have decreased by 25.5% and is now trading at $172.48.
View the best growth stocks for 2022 here
.

When is Target's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 17th 2022.
View our TGT earnings forecast
.

How can I listen to Target's earnings call?

Target will be holding an earnings conference call on Wednesday, August 17th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Target's earnings last quarter?

Target Co. (NYSE:TGT) announced its quarterly earnings data on Wednesday, May, 18th. The retailer reported $2.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.00 by $0.81. The retailer had revenue of $24.83 billion for the quarter, compared to the consensus estimate of $24.48 billion. Target had a net margin of 5.48% and a trailing twelve-month return on equity of 44.75%. The company's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.69 EPS.
Read the conference call transcript
.

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

Target declared a quarterly dividend on Thursday, June 9th. Stockholders of record on Wednesday, August 17th will be given a dividend of $1.08 per share on Saturday, September 10th. This represents a $4.32 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Tuesday, August 16th. This is an increase from the stock's previous quarterly dividend of $0.90.
Read our dividend analysis for TGT
.

Is Target a good dividend stock?

Target (NYSE:TGT) pays an annual dividend of $3.60 per share and currently has a dividend yield of 2.12%. The company has been increasing its dividend for 52 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 29.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGT will have a dividend payout ratio of 29.61% 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 of Directors has approved a stock 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 repurchase up to 12.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its shares are 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 number of retail and institutional investors. Top institutional investors include Massachusetts Financial Services Co. MA (1.46%), Northern Trust Corp (1.27%), FMR LLC (0.95%), Franklin Resources Inc. (0.95%), California Public Employees Retirement System (0.51%) and Jennison Associates LLC (0.49%). Insiders that own company stock include Brian C Cornell, Brian C Cornell, Cara A Sylvester, Cathy R Smith, Christina Hennington, Don H Liu, Don H Liu, Jill Sando, John J Mulligan, Katie M Boylan, Laysha Ward, Mark J Tritton, Mark Schindele, 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 $172.48.

How much money does Target make?

Target (NYSE:TGT) has a market capitalization of $79.98 billion and generates $106.01 billion in revenue each year. The retailer earns $6.95 billion in net income (profit) each year or $12.06 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

When was Target founded?

Target was founded in 1902.

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 8/14/2022 by MarketBeat.com Staff

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