NYSE:TGT - Target Stock Price, News, & Analysis

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$72.08 +1.19 (+1.68 %)
(As of 05/21/2019 02:52 AM ET)
Previous Close$70.89
Today's Range$71.10 - $72.32
52-Week Range$60.15 - $90.39
Volume5.63 million shs
Average Volume5.00 million shs
Market Capitalization$37.16 billion
P/E Ratio13.37
Dividend Yield3.61%
Beta0.65
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. It sells its products through its stores; and digital channels, including Target.com. As of February 2, 2019, the company operated 1,844 stores. Target Corporation was founded in 1902 and is headquartered in Minneapolis, Minnesota.

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Industry, Sector and Symbol

Industry Variety stores
Sub-IndustryGeneral Merchandise Stores
SectorRetail/Wholesale
CUSIP87612E10
Phone612-304-6073

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$75.36 billion
Cash Flow$10.4313 per share
Book Value$21.65 per share

Profitability

Net Income$2.94 billion

Miscellaneous

Employees360,000
Market Cap$37.16 billion
Next Earnings Date5/22/2019 (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 announced a quarterly dividend on Thursday, March 14th. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.64 per share on Monday, June 10th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date is Tuesday, May 14th. View Target's Dividend History.

How were Target's earnings last quarter?

Target Co. (NYSE:TGT) posted its quarterly earnings results on Tuesday, March, 5th. The retailer reported $1.53 earnings per share for the quarter, hitting the Zacks' consensus estimate of $1.53. The retailer earned $22.98 billion during the quarter, compared to analyst estimates of $23.05 billion. Target had a return on equity of 25.74% and a net margin of 3.90%. The business's quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the company posted $1.37 EPS. View Target's Earnings History.

When is Target's next earnings date?

Target is scheduled to release their next quarterly earnings announcement on Wednesday, May 22nd 2019. View Earnings Estimates for Target.

How can I listen to Target's earnings call?

Target will be holding an earnings conference call on Wednesday, May 22nd 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 issued an update on its FY20 earnings guidance on Tuesday, March, 5th. The company provided EPS guidance of $5.75-6.05 for the period, compared to the Thomson Reuters consensus estimate of $5.61. Target also updated its FY 2019 guidance to $5.75-6.05 EPS.

What price target have analysts set for TGT?

24 equities research analysts have issued 12-month price objectives for Target's shares. Their forecasts range from $62.30 to $115.00. On average, they anticipate Target's stock price to reach $88.7310 in the next twelve months. This suggests a possible upside of 23.1% from the stock's current price. View Analyst Price Targets for Target.

What is the consensus analysts' recommendation for Target?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Target in the last year. There are currently 11 hold ratings and 13 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?

Media headlines about TGT stock have been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real time. 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 -1.3 on InfoTrie's scale. They also gave media headlines about the retailer a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

Who are some of Target's key competitors?

What other stocks do shareholders of Target own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Target investors own include AT&T (T), Walmart (WMT), Intel (INTC), Verizon Communications (VZ), Cisco Systems (CSCO), Netflix (NFLX), General Electric (GE), Johnson & Johnson (JNJ), NVIDIA (NVDA) and Alibaba Group (BABA).

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 variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.98%), LSV Asset Management (1.43%), Geode Capital Management LLC (1.40%), Northern Trust Corp (1.34%), Dimensional Fund Advisors LP (0.87%) and Charles Schwab Investment Management Inc. (0.84%). 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 major investors are selling Target stock?

TGT stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Morgan Stanley, FMR LLC, BlackRock Inc., Bank of Montreal Can, DekaBank Deutsche Girozentrale, Boston Partners and Janus Henderson Group PLC. Company insiders that have sold Target company stock in the last year include Cathy R Smith, Janna A Potts, Laysha Ward, Michael Edward Mcnamara, Robert M Harrison and Stephanie A Lundquist. View Insider Buying and Selling for Target.

Which major investors are buying Target stock?

TGT stock was acquired by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, Argent Capital Management LLC, American Century Companies Inc., Miller Howard Investments Inc. NY, Westwood Holdings Group Inc., Renaissance Technologies LLC, Schonfeld Strategic Advisors LLC and Man Group plc. 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 $72.08.

How big of a company is Target?

Target has a market capitalization of $37.16 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.

What is Target's official website?

The official website for Target is http://www.target.com.

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)

Community Ranking:  4.3 out of 5 (star star star star)
Outperform Votes:  6,994 (Vote Outperform)
Underperform Votes:  1,199 (Vote Underperform)
Total Votes:  8,193
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.
This page was last updated on 5/21/2019 by MarketBeat.com Staff

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