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NYSE:TGT

Target Stock Forecast, Price & News

$148.82
+1.21 (+0.82 %)
(As of 09/18/2020 09:11 PM ET)
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Today's Range
$147.26
Now: $148.82
$149.52
50-Day Range
$123.68
MA: $141.87
$153.63
52-Week Range
$90.17
Now: $148.82
$156.10
Volume3.62 million shs
Average Volume5.38 million shs
Market Capitalization$74.50 billion
P/E Ratio21.47
Dividend Yield1.83%
Beta0.87
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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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 4.2Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.60 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$78.11 billion
Cash Flow$11.74 per share
Book Value$23.35 per share

Profitability

Net Income$3.28 billion

Miscellaneous

Employees368,000
Market Cap$74.50 billion
Next Earnings Date11/18/2020 (Estimated)
OptionableOptionable
$148.82
+1.21 (+0.82 %)
(As of 09/18/2020 09:11 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Target (NYSE:TGT) Frequently Asked Questions

How has Target's stock price been impacted by COVID-19 (Coronavirus)?

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 increased by 41.0% and is now trading at $148.82.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Target?

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Target in the last year. There are currently 1 sell rating, 6 hold ratings, 17 buy ratings and 2 strong buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Target
.

When is Target's next earnings date?

Target is scheduled to release its next quarterly earnings announcement on Wednesday, November 18th 2020.
View our earnings forecast for Target
.

How were Target's earnings last quarter?

Target Co. (NYSE:TGT) posted its earnings results on Wednesday, August, 19th. The retailer reported $3.38 earnings per share for the quarter, topping the consensus estimate of $1.64 by $1.74. The retailer earned $22.98 billion during the quarter, compared to analysts' expectations of $20.11 billion. Target had a net margin of 4.16% and a return on equity of 30.25%. Target's revenue for the quarter was up 24.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.82 earnings per share.
View Target's earnings history
.

How often does Target pay dividends? What is the dividend yield for Target?

Target announced a quarterly dividend on Thursday, June 11th. Shareholders of record on Wednesday, August 19th will be paid a dividend of $0.68 per share on Thursday, September 10th. This represents a $2.72 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Tuesday, August 18th. This is a boost from Target's previous quarterly dividend of $0.66.
View Target's dividend history
.

How will Target's stock buyback program work?

Target declared that its Board of Directors has authorized a stock buyback program on Thursday, September 19th 2019, which authorizes the company to repurchase $5,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 9.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

What price target have analysts set for TGT?

26 brokerages have issued twelve-month target prices for Target's shares. Their forecasts range from $105.00 to $180.00. On average, they anticipate Target's stock price to reach $138.45 in the next year. This suggests that the stock has a possible downside of 7.0%.
View analysts' price targets for Target
.

Are investors shorting Target?

Target saw a drop in short interest in August. As of August 14th, there was short interest totaling 8,860,000 shares, a drop of 30.0% from the July 30th total of 12,650,000 shares. Based on an average trading volume of 4,800,000 shares, the days-to-cover ratio is currently 1.8 days. Approximately 1.8% of the company's shares are sold short.
View Target's Short Interest
.

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 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).

Who are Target's key executives?

Target's management team includes the following 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)

What is Target's stock symbol?

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

Who are Target's major shareholders?

Target's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.92%), BlackRock Inc. (7.10%), Nordea Investment Management AB (1.40%), LSV Asset Management (1.09%), AQR Capital Management LLC (0.91%) and Nuveen Asset Management LLC (0.86%). 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
.

Which institutional investors are selling Target stock?

TGT stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Charles Schwab Investment Management Inc., Nuveen Asset Management LLC, Prudential Financial Inc., LSV Asset Management, FMR LLC, Marshall Wace North America L.P., and Robeco Institutional Asset Management B.V.. Company insiders that have sold Target company stock in the last year include Brian C Cornell, Don H Liu, Robert M Harrison, Roxanne S Austin, and Stephanie A Lundquist.
View insider buying and selling activity for Target
.

Which institutional investors are buying Target stock?

TGT stock was purchased by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, Two Sigma Advisers LP, Vanguard Group Inc., First Trust Advisors LP, Holocene Advisors LP, Unigestion Holding SA, Balyasny Asset Management LLC, and Prudential PLC.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Target's stock price today?

One share of TGT stock can currently be purchased for approximately $148.82.

How big of a company is Target?

Target has a market capitalization of $74.50 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.

What is Target's official website?

The official website for Target is 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]

This page was last updated on 9/21/2020 by MarketBeat.com Staff

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