Target - TGT Stock Forecast, Price & News

30 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Target in the last twelve months. There are currently 12 hold ratings, 17 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TGT shares.
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30 brokers have issued 1-year price objectives for Target's shares. Their TGT share price forecasts range from $132.00 to $220.00. On average, they expect the company's stock price to reach $181.69 in the next year. This suggests a possible upside of 15.7% from the stock's current price.
View analysts price targets for TGT or view top-rated stocks among Wall Street analysts.

Target's stock was trading at $149.04 on January 1st, 2023. Since then, TGT shares have increased by 5.3% and is now trading at $156.97.
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Target saw a decrease in short interest during the month of February. As of February 28th, there was short interest totaling 9,500,000 shares, a decrease of 24.2% from the February 13th total of 12,530,000 shares. Based on an average daily volume of 3,430,000 shares, the days-to-cover ratio is presently 2.8 days. Currently, 2.1% of the shares of the company are short sold.
View Target's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 17th 2023.
View our TGT earnings forecast.

Target Co. (NYSE:TGT) posted its quarterly earnings results on Tuesday, February, 28th. The retailer reported $1.89 earnings per share for the quarter, beating analysts' consensus estimates of $1.40 by $0.49. The retailer earned $31.40 billion during the quarter, compared to the consensus estimate of $30.73 billion. Target had a net margin of 2.55% and a trailing twelve-month return on equity of 25.63%. Target's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business posted $3.19 EPS.
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Target declared a quarterly dividend on Thursday, March 9th. Investors of record on Wednesday, May 17th will be paid a dividend of $1.08 per share on Saturday, June 10th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Tuesday, May 16th.
Read our dividend analysis for TGT.

ETFs with the largest weight of Target (NYSE:TGT) stock in their portfolio include VanEck Retail ETF (RTH), Emerge EMPWR Sustainable Select Growth Equity ETF (EMGC), iShares U.S. Consumer Focused ETF (IEDI), Consumer Staples Select Sector SPDR Fund (XLP), Harbor Dividend Growth Leaders ETF (GDIV), Dividend Performers ETF (IPDP), ProShares Ultra Consumer Staples (UGE) and TrueShares Low Volatility Equity Income ETF (DIVZ).

Target (NYSE:TGT) pays an annual dividend of $4.32 per share and currently has a dividend yield of 2.77%. The dividend payout ratio is 72.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGT will have a dividend payout ratio of 40.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TGT.

Target declared that its Board of Directors has initiated a share repurchase plan 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 buy up to 12.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its shares are undervalued.

Target issued an update on its first quarter 2023 earnings guidance on Tuesday, February, 28th. The company provided earnings per share guidance of $1.50-$1.90 for the period, compared to the consensus estimate of $2.14. The company issued revenue guidance of -.

10,048 employees have rated Target Chief Executive Officer Brian Cornell on Glassdoor.com. Brian Cornell has an approval rating of 78% among the company's employees.

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 variety of retail and institutional investors. Top institutional shareholders include Moneta Group Investment Advisors LLC (4.03%), Wells Fargo & Company MN (2.13%), Geode Capital Management LLC (1.79%), Morgan Stanley (1.41%), Franklin Resources Inc. (1.15%) and Fisher Asset Management LLC (1.11%). Insiders that own company stock include Brian C Cornell, Brian C Cornell, Cara A Sylvester, Christina Hennington, Don H Liu, Don H Liu, Jill Sando, John J Mulligan, Katie M Boylan, Mark Schindele, Matthew A Liegel, 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.

Shares of TGT stock 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 $156.97.

Target (NYSE:TGT) has a market capitalization of $72.26 billion and generates $109.12 billion in revenue each year. The retailer earns $2.78 billion in net income (profit) each year or $5.98 on an earnings per share basis.

The company employs 440,000 workers across the globe.

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