NYSE:TGT - Target Stock Price, Forecast & 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 (WHO). Since then, TGT shares have decreased by 8.2% and is now trading at $96.9449. View which stocks have been mosted impacted by Coronavirus.

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Target in the last year. There are currently 6 hold ratings, 14 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, May 27th 2020. View our earnings forecast for Target.

Target Co. (NYSE:TGT) announced its earnings results on Tuesday, March, 3rd. The retailer reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.66 by $0.03. The retailer earned $23.40 billion during the quarter, compared to analysts' expectations of $23.45 billion. Target had a net margin of 4.20% and a return on equity of 28.46%. The company's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.53 EPS. View Target's earnings history.

Target declared a quarterly dividend on Thursday, March 12th. Shareholders of record on Wednesday, May 20th will be paid a dividend of $0.66 per share on Wednesday, June 10th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Tuesday, May 19th. View Target's dividend history.

Target declared that its Board of Directors has authorized a share repurchase program on Thursday, September 19th 2019, which allows the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 9.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its stock is undervalued.

Target issued an update on its FY21 earnings guidance on Tuesday, March, 3rd. The company provided EPS guidance of $6.70-7.00 for the period, compared to the Thomson Reuters consensus estimate of $6.61.

22 Wall Street analysts have issued twelve-month price objectives for Target's stock. Their forecasts range from $76.05 to $150.00. On average, they expect Target's stock price to reach $124.38 in the next twelve months. This suggests a possible upside of 28.3% from the stock's current price. View analysts' price targets for Target.

Media stories about TGT stock have been trending very positive this week, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Target earned a media sentiment score of 4.0 on InfoTrie's scale. They also gave news articles about the retailer a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutTarget.

Target saw a drop in short interest in the month of March. As of March 13th, there was short interest totaling 10,975,400 shares, a drop of 8.2% from the February 27th total of 11,960,000 shares. Based on an average trading volume of 5,030,000 shares, the days-to-cover ratio is currently 2.2 days. Currently, 2.2% of the shares of the company are sold short. 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).

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

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

Target's stock is owned by a number of institutional and retail investors. Top institutional shareholders include State Street Corp (8.27%), Capital World Investors (3.17%), Geode Capital Management LLC (1.57%), LSV Asset Management (1.24%), Bank of New York Mellon Corp (1.13%) and Renaissance Technologies LLC (1.12%). Company insiders that own Target stock include Cathy R Smith, Don H Liu, Janna A Potts, John J Mulligan, 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 Barrow Hanley Mewhinney & Strauss LLC, Bank of New York Mellon Corp, Capital World Investors, State Street Corp, PGGM Investments, Bessemer Group Inc., Alyeska Investment Group L.P., and LSV Asset Management. Company insiders that have sold Target company stock in the last year include 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 insider buying and selling activity for Target.

TGT stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main, Renaissance Technologies LLC, Janus Henderson Group PLC, GQG Partners LLC, Bank of Montreal Can, FIL Ltd, and AQR Capital Management LLC. 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 $96.94.

Target has a market capitalization of $48.57 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. View additional information about Target.

The official website for Target is http://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]