Target Stock Forecast, Price & 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 stock has increased by 81.8% and is now trading at $191.91.
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24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Target in the last year. There are currently 6 hold ratings, 15 buy ratings and 3 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Target stock.
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10,048 employees have rated Target CEO Brian Cornell on Glassdoor.com. Brian Cornell has an approval rating of 78% among Target's employees.

Target is scheduled to release its next quarterly earnings announcement on Tuesday, March 2nd 2021.
View our earnings forecast for Target.

Target Co. (NYSE:TGT) posted its earnings results on Tuesday, November, 17th. The retailer reported $2.79 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.60 by $1.19. The retailer had revenue of $22.63 billion for the quarter, compared to analysts' expectations of $20.91 billion. Target had a net margin of 4.31% and a trailing twelve-month return on equity of 34.94%. During the same quarter in the previous year, the firm earned $1.36 EPS.
View Target's earnings history.

Target announced a quarterly dividend on Thursday, January 14th. Shareholders of record on Wednesday, February 17th will be given a dividend of $0.68 per share on Wednesday, March 10th. This represents a $2.72 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Tuesday, February 16th.
View Target's dividend history.

Target pays an annual dividend of $2.72 per share and currently has a dividend yield of 1.42%. Target has been increasing its dividend for 50 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Target is 42.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Target will have a dividend payout ratio of 31.45% next year. This indicates that Target will be able to sustain or increase its dividend.
View Target's dividend history.

Target announced that its Board of Directors has approved a stock buyback program on Thursday, September 19th 2019, which permits the company to buyback $5,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 9.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its stock is undervalued.

24 Wall Street analysts have issued 12 month target prices for Target's shares. Their forecasts range from $120.00 to $230.00. On average, they expect Target's share price to reach $161.65 in the next twelve months. This suggests that the stock has a possible downside of 15.8%.
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Some companies that are related to Target include Costco Wholesale (COST), Wal-Mart de México (WMMVY), Dollar General (DG), Tesco (TSCDY), Dollar Tree (DLTR), Five Below (FIVE), MINISO Group (MNSO), Ollie's Bargain Outlet (OLLI), BJ's Wholesale Club (BJ), PriceSmart (PSMT), Big Lots (BIG), Tuesday Morning (TUESQ) and Fred's (FREDQ).
View all of TGT's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Target investors own include NVIDIA (NVDA), Walmart (WMT), AT&T (T), The Walt Disney (DIS), Johnson & Johnson (JNJ), The 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 institutional and retail investors. Top institutional investors include Focused Investors LLC (0.23%), State of Alaska Department of Revenue (0.06%), Atalanta Sosnoff Capital LLC (0.06%), Park National Corp OH (0.06%), Gateway Investment Advisers LLC (0.05%) and Wedge Capital Management L L P NC (0.03%). Company insiders that own Target stock include Brian C Cornell, Cathy R Smith, Christina Hennington, Don H Liu, Janna A Potts, Laysha Ward, Mark J Tritton, Mark Schindele, 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 Hexavest Inc., Exchange Traded Concepts LLC, Crossmark Global Holdings Inc., Transform Wealth LLC, OLD National Bancorp IN, Avantax Advisory Services Inc., State of Alaska Department of Revenue, and Park National Corp OH. Company insiders that have sold Target company stock in the last year include Brian C Cornell, Christina Hennington, Don H Liu, Mark Schindele, Michael Edward Mcnamara, Robert M Harrison, Roxanne S Austin, and Stephanie A Lundquist.
View insider buying and selling activity for Target or view top insider-selling stocks.

TGT stock was purchased by a variety of institutional investors in the last quarter, including Boenning & Scattergood Inc., Sawgrass Asset Management LLC, Capital City Trust Co. FL, Baldwin Brothers Inc. MA, Atalanta Sosnoff Capital LLC, Beacon Harbor Wealth Advisors Inc., Kinloch Capital LLC, and Cypress Wealth Services LLC.
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.

One share of TGT stock can currently be purchased for approximately $191.91.

Target has a market capitalization of $96.10 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]