NYSE:TGTTarget Stock Price, Forecast & News

Target's stock was trading at $105.58 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, TGT shares have increased by 15.9% and is now trading at $122.33. View which stocks have been most impacted by Coronavirus.

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

Target is scheduled to release its next quarterly earnings announcement on Wednesday, August 19th 2020. View our earnings forecast for Target.

Target Co. (NYSE:TGT) issued its quarterly earnings results on Wednesday, May, 20th. The retailer reported $0.59 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.40 by $0.19. The retailer had revenue of $19.37 billion for the quarter, compared to analysts' expectations of $19.04 billion. Target had a net margin of 3.46% and a return on equity of 24.17%. Target's revenue was up 11.3% on a year-over-year basis. During the same period last year, the firm earned $1.53 earnings per share. View Target's earnings history.

Target announced a quarterly dividend on Thursday, March 12th. Shareholders of record on Wednesday, May 20th will be given a dividend of $0.66 per share on Wednesday, June 10th. This represents a $2.64 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Tuesday, May 19th. View Target's dividend history.

Target announced that its Board of Directors has authorized a share buyback plan on Thursday, September 19th 2019, which authorizes the company to buyback $5,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 9.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's management believes its stock is undervalued.

Target updated its FY21 earnings guidance on Tuesday, March, 3rd. The company provided earnings per share (EPS) guidance of $6.70-7.00 for the period, compared to the Thomson Reuters consensus estimate of $6.61.

25 analysts have issued 1 year price objectives for Target's stock. Their forecasts range from $110.00 to $150.00. On average, they expect Target's share price to reach $128.09 in the next twelve months. This suggests a possible upside of 4.7% from the stock's current price. View analysts' price targets for Target.

Media coverage about TGT stock has trended somewhat negative on Saturday, InfoTrie reports. The research firm identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Target earned a news sentiment score of -1.1 on InfoTrie's scale. They also gave news stories about the retailer a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutTarget.

Target saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 20,000,000 shares, an increase of 24.6% from the April 30th total of 16,050,000 shares. Based on an average daily volume of 6,060,000 shares, the short-interest ratio is presently 3.3 days. Approximately 4.0% of the company's shares 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). View all competitors.

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

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

Target's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include State Street Corp (8.17%), BlackRock Inc. (7.55%), Capital World Investors (3.16%), Geode Capital Management LLC (1.50%), Franklin Resources Inc. (1.35%) and Nuveen Asset Management LLC (1.07%). 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.

TGT stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, APG Asset Management N.V., APG Asset Management N.V., State Street Corp, Edgar Lomax Co. VA, Lord Abbett & CO. LLC, Skandinaviska Enskilda Banken AB publ , and Bessemer Group Inc.. Company insiders that have sold Target company stock in the last year include Brian C Cornell, Cathy R Smith, Don H Liu, 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 purchased by a variety of institutional investors in the last quarter, including Franklin Resources Inc., APG Asset Management N.V., AQR Capital Management LLC, Alyeska Investment Group L.P., Cullen Capital Management LLC, Rothschild & Co. Asset Management US Inc., Hexavest Inc., and Retirement Systems of Alabama. 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 $122.33.

Target has a market capitalization of $61.14 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.

The official website for Target is 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]