Target Stock Forecast, Price & News

25 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Target in the last year. There are currently 8 hold ratings, 16 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Target stock.
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25 brokers have issued 12 month price objectives for Target's stock. Their TGT stock forecasts range from $150.00 to $280.00. On average, they predict Target's share price to reach $193.04 in the next twelve months. This suggests a possible upside of 29.9% from the stock's current price.
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Target's stock was trading at $231.44 at the beginning of 2022. Since then, TGT stock has decreased by 35.8% and is now trading at $148.59.
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Target saw a increase in short interest in May. As of May 31st, there was short interest totaling 10,660,000 shares, an increase of 27.4% from the May 15th total of 8,370,000 shares. Based on an average trading volume of 5,730,000 shares, the short-interest ratio is presently 1.9 days.
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Target is scheduled to release its next quarterly earnings announcement on Wednesday, August 17th 2022.
View our earnings forecast for Target.

Target Co. (NYSE:TGT) issued its earnings results on Wednesday, May, 18th. The retailer reported $2.19 earnings per share for the quarter, missing analysts' consensus estimates of $3.07 by $0.88. The retailer earned $24.83 billion during 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 business's quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.69 EPS.
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Target declared a quarterly dividend on Thursday, June 9th. Investors of record on Wednesday, August 17th will be paid a dividend of $1.08 per share on Saturday, September 10th. This represents a $4.32 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Tuesday, August 16th. This is a positive change from Target's previous quarterly dividend of $0.90.
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Target(NYSE:TGT) pays an annual dividend of $3.60 per share and currently has a dividend yield of 2.47%. Target 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 of Target is 29.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Target will have a dividend payout ratio of 29.10% next year. This indicates that Target will be able to sustain or increase its dividend.
View Target's dividend history.

Target declared that its Board of Directors has authorized a share repurchase program 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 purchase up to 12.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its shares are undervalued.

10,048 employees have rated Target CEO Brian Cornell on Glassdoor.com. Brian Cornell has an approval rating of 78% among Target's employees.

Some companies that are related to Target include Costco Wholesale (COST), Wal-Mart de México (WMMVY), Dollar General (DG), Dollar Tree (DLTR), Tesco (TSCDY), BJ's Wholesale Club (BJ), Five Below (FIVE), Ollie's Bargain Outlet (OLLI), MINISO Group (MNSO), PriceSmart (PSMT), Big Lots (BIG), Tuesday Morning (TUESQ), Tuesday Morning (TUEM) and Fred's (FREDQ).
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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).

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

Target's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Park National Corp OH (0.05%), Parsec Financial Management Inc. (0.03%), Vigilant Capital Management LLC (0.02%), First Financial Bank Trust Division (0.01%), Capital Investment Advisors LLC (0.01%) and Fulton Bank N.A. (0.01%). Company insiders that own Target 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 for Target.

TGT stock was sold by a variety of institutional investors in the last quarter, including M&R Capital Management Inc., Park National Corp OH, Parsec Financial Management Inc., and First Farmers & Merchants Bank Trust. Company insiders that have sold Target company stock in the last two years include Brian C Cornell, Cara A Sylvester, Christina Hennington, Don H Liu, Jill Sando, John J Mulligan, Katie M Boylan, Mark Schindele, Michael Edward Mcnamara, Michael J Fiddelke, Robert M Harrison, Stephanie A Lundquist, and Stephen A Vintz.
View insider buying and selling activity for Target or view top insider-selling stocks.

TGT stock was bought by a variety of institutional investors in the last quarter, including Capital Investment Advisors LLC, CTC LLC, Insight Wealth Strategies LLC, Modus Advisors LLC, Vigilant Capital Management LLC, First Financial Bank Trust Division, Centric Wealth Management, and Adirondack Trust Co..
View insider buying and selling activity for Target or or view top insider-buying stocks.

Shares of TGT 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.
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One share of TGT stock can currently be purchased for approximately $148.59.

Target (NYSE:TGT) has a market capitalization of $68.90 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.

Target employs 450,000 workers across the globe.

Target was founded in 1902.

Target's mailing address is 1000 NICOLLET MALL, MINNEAPOLIS MN, 55403. The official website for Target 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.