Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise. The company also provides in-store amenities, such as Target Café, Target Optical, Starbucks, and other food service offerings.
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Industry, Sector and Symbol
Industry Variety stores
Sub-IndustryGeneral Merchandise Stores
SectorRetail/Wholesale
Phone612-304-6073
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$75.36 billion
Profitability
Miscellaneous
Employees360,000
Next Earnings Date8/21/2019 (Confirmed)
OptionableOptionable
Target (NYSE:TGT) Frequently Asked Questions
What is Target's stock symbol?
Target trades on the New York Stock Exchange (NYSE) under the ticker symbol "TGT."
How often does Target pay dividends? What is the dividend yield for Target?
Target declared a quarterly dividend on Thursday, June 13th. Investors of record on Wednesday, August 21st will be given a dividend of $0.66 per share on Tuesday, September 10th. This represents a $2.64 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Tuesday, August 20th. This is a boost from Target's previous quarterly dividend of $0.64. View Target's Dividend History.
How were Target's earnings last quarter?
Target Co. (NYSE:TGT) issued its quarterly earnings data on Wednesday, May, 22nd. The retailer reported $1.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.43 by $0.10. The retailer had revenue of $17.63 billion for the quarter, compared to analyst estimates of $17.49 billion. Target had a return on equity of 26.48% and a net margin of 3.96%. The company's revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.32 EPS. View Target's Earnings History.
When is Target's next earnings date?
How can I listen to Target's earnings call?
Target will be holding an earnings conference call on Wednesday, August 21st at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.
What guidance has Target issued on next quarter's earnings?
Target updated its FY20 earnings guidance on Wednesday, June, 19th. The company provided earnings per share (EPS) guidance of $5.75-6.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.93.
What price target have analysts set for TGT?
23 analysts have issued twelve-month price objectives for Target's stock. Their forecasts range from $62.30 to $110.00. On average, they anticipate Target's share price to reach $89.6675 in the next year. This suggests a possible upside of 6.5% from the stock's current price. View Analyst Price Targets for Target.
What is the consensus analysts' recommendation for Target?
23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Target in the last year. There are currently 9 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Target.
What are Wall Street analysts saying about Target stock?
Here are some recent quotes from research analysts about Target stock:
- 1. According to Zacks Investment Research, "Shares of Target have risen and outpaced the industry in the past three months. Certainly, the company is trying to adapt fast with the changing retail ecosystem. The company is deploying resources to enhance omni-channel capacities, come up with new brands, remodel stores and expand same-day delivery options. All these bode well for the stock that showed decent performance in fourth-quarter fiscal 2018. Both the top and bottom lines continued to improve year over year. The quarter also witnessed healthy traffic growth and registered impressive comparable digital channel sales. Target also provided upbeat view with fiscal 2019 earnings likely to be up from the prior year. Management now anticipates comps growth of low-to-mid-single digit during the both first quarter and fiscal year. Looking ahead, analysts anticipate that incremental investments, higher wages and rise in costs due to new fulfillment options may hurt margins." (3/8/2019)
- 2. Guggenheim analysts commented, "We remain NEUTRAL. Sales increased 7.0% to $17.55bn (vs. our $16.96bn est), on a stronger-than-expected 6.5% comp increase (vs. our +3.0%). The comp was led by a 6.4% increase in traffic, the strongest performance since Target began reporting the metric in 2008, and follows 4% growth in 1Q. Gains have been led by improvements in ‘frequency’ categories, particularly essentials (food/beverage accelerated for a 6th straight quarter), in addition to e-comm. Digital sales rose 41%, aided by a successful one-day sale event in July, and contributed 1.5% of the comp increase. Impressively, stores were responsible for the large majority of comp growth (4.9%). In 1H18, comps rose 4.8%; with trends remaining strong through the back-to-school period, we raise our forecast for to 2H to nearly 4% comps (from +LSD%)." (8/22/2018)
Has Target been receiving favorable news coverage?
Headlines about TGT stock have been trending negative this week, InfoTrie Sentiment reports. The research group rates the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Target earned a coverage optimism score of -2.3 on InfoTrie's scale. They also assigned news articles about the retailer a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Target.
Are investors shorting Target?
Target saw a increase in short interest in July. As of July 31st, there was short interest totalling 22,834,300 shares, an increase of 9.0% from the June 30th total of 20,941,200 shares. Based on an average trading volume of 5,060,000 shares, the short-interest ratio is currently 4.5 days. Approximately 4.4% of the shares of the stock are sold short. View Target's Current Options Chain.
Who are some of Target's key competitors?
Some companies that are related to Target include Costco Wholesale (COST), Wal-mart de Mexico S A B de C V (WMMVY), Dollar General (DG), Dollar Tree (DLTR), Tesco (TSCDY), Five Below (FIVE), Ollie's Bargain Outlet (OLLI), BJs Wholesale Club (BJ), PriceSmart (PSMT), Big Lots (BIG), Tuesday Morning (TUES) and Fred's (FRED).
What other stocks do shareholders of Target own?
Who are Target's key executives?
Target's management team includes the folowing people:
- Mr. Brian C. Cornell, Chairman & CEO (Age 60)
- Ms. Catherine R. Smith, Exec. VP & CFO (Age 55)
- Mr. John J. Mulligan, Exec. VP & COO (Age 53)
- Mr. Michael Edward McNamara, Exec. VP & Chief Information Officer (Age 54)
- Ms. Janna Adair Potts, Exec. VP & Chief Stores Officer (Age 51)
Who are Target's major shareholders?
Target's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (7.84%), BlackRock Inc. (7.44%), Bank of New York Mellon Corp (1.46%), LSV Asset Management (1.40%), Northern Trust Corp (1.36%) and Charles Schwab Investment Management Inc. (0.85%). Company insiders that own Target stock include Cathy R Smith, Don H Liu, Hourigan Rice Jacqueline, Janna A Potts, John J Mulligan, Laysha Ward, Michael Edward Mcnamara, Robert M Harrison, Roxanne S Austin and Stephanie A Lundquist. View Institutional Ownership Trends for Target.
Which institutional investors are selling Target stock?
TGT stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Holocene Advisors LP, Janus Henderson Group PLC, Janus Henderson Group PLC, Swedbank, Tyvor Capital LLC, Miller Howard Investments Inc. NY and Skandinaviska Enskilda Banken AB publ . Company insiders that have sold Target company stock in the last year include Cathy R Smith, Janna A Potts, Michael Edward Mcnamara, Robert M Harrison, Roxanne S Austin and Stephanie A Lundquist. View Insider Buying and Selling for Target.
Which institutional investors are buying Target stock?
TGT stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Renaissance Technologies LLC, AQR Capital Management LLC, DekaBank Deutsche Girozentrale, Barrow Hanley Mewhinney & Strauss LLC, Vanguard Group Inc., Bahl & Gaynor Inc. and Worldquant Millennium Advisors LLC. View Insider Buying and Selling for Target.
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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Target's stock price today?
One share of TGT stock can currently be purchased for approximately $84.21.
How big of a company is Target?
Target has a market capitalization of $43.14 billion and generates $75.36 billion in revenue each year. The retailer earns $2.94 billion in net income (profit) each year or $5.39 on an earnings per share basis. Target employs 360,000 workers across the globe.View Additional Information About Target.
What is Target's official website?
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]
MarketBeat Community Rating for Target (NYSE TGT)
MarketBeat's community ratings are surveys of what our community members think about Target and other stocks. Vote "Outperform" if you believe TGT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TGT will underperform the S&P 500 over the long term. You may vote once every thirty days.
