NYSE:TGTTarget Stock Price, Forecast & News

Target's stock was trading at $105.58 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, TGT shares have increased by 12.6% and is now trading at $118.86. View which stocks have been most impacted by Coronavirus.

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Target in the last year. There are currently 6 hold ratings, 18 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, August 19th 2020. View our earnings forecast for Target.

Target Co. (NYSE:TGT) issued its quarterly earnings results on Wednesday, May, 20th. The retailer reported $0.59 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.40 by $0.19. The retailer had revenue of $19.37 billion for the quarter, compared to analysts' expectations of $19.04 billion. Target had a net margin of 3.46% and a return on equity of 24.17%. Target's revenue was up 11.3% on a year-over-year basis. During the same period last year, the firm earned $1.53 earnings per share. View Target's earnings history.

Target announced a quarterly dividend on Thursday, June 11th. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.68 per share on Thursday, September 10th. This represents a $2.72 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Tuesday, August 18th. This is a boost from Target's previous quarterly dividend of $0.66. View Target's dividend history.

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

26 equities research analysts have issued 12-month price objectives for Target's stock. Their forecasts range from $110.00 to $150.00. On average, they anticipate Target's stock price to reach $128.96 in the next year. This suggests a possible upside of 8.5% from the stock's current price. View analysts' price targets for Target.

Media coverage about TGT stock has been trending somewhat negative this week, InfoTrie reports. The research firm rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Target earned a media sentiment score of -1.2 on InfoTrie's scale. They also gave media stories about the retailer a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news about Target.

Target saw a decline in short interest in the month of June. As of June 15th, there was short interest totaling 17,550,000 shares, a decline of 6.3% from the May 31st total of 18,720,000 shares. Based on an average daily trading volume, of 6,450,000 shares, the short-interest ratio is presently 2.7 days. Currently, 3.5% of the shares of the stock 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). View all competitors.

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

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

Target's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.13%), Park National Corp OH (0.06%), Hexavest Inc. (0.06%), Wedge Capital Management L L P NC (0.05%), State of Alaska Department of Revenue (0.03%) and Gradient Investments LLC (0.02%). Company insiders that own Target stock include Brian C Cornell, Cathy R Smith, Don H Liu, Janna A Potts, Laysha Ward, Mark J Tritton, 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., 6 Meridian, Wedge Capital Management L L P NC, State of Alaska Department of Revenue, Park National Corp OH, Municipal Employees Retirement System of Michigan, Whittier Trust Co., and Stolper Co. Company insiders that have sold Target company stock in the last year include Brian C Cornell, Cathy R Smith, Don H Liu, Laysha Ward, Mark J Tritton, Michael Edward Mcnamara, Robert M Harrison, Roxanne S Austin, and Stephanie A Lundquist. View insider buying and selling activity for Target.

TGT stock was bought by a variety of institutional investors in the last quarter, including Abner Herrman & Brock LLC, Gradient Investments LLC, Envestnet Asset Management Inc., Canandaigua National Corp, Hoey Investments Inc., Livforsakringsbolaget Skandia Omsesidigt, American National Bank, and First Financial Bank Trust Division. View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of TGT stock can currently be purchased for approximately $118.86.

Target has a market capitalization of $59.43 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]