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Target - TGT Stock Forecast, Price & News

$167.60
-5.45 (-3.15%)
(As of 08/19/2022 01:16 PM ET)
Add
Compare
Today's Range
$167.56
$171.93
50-Day Range
$139.30
$180.19
52-Week Range
$137.16
$268.98
Volume
193,487 shs
Average Volume
4.25 million shs
Market Capitalization
$77.72 billion
P/E Ratio
19.05
Dividend Yield
2.46%
Price Target
$191.23

Target MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
13.8% Upside
$191.23 Price Target
Short Interest
Healthy
1.46% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.81
Upright™ Environmental Score
News Sentiment
0.14mentions of Target in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$6.37 M Sold Last Quarter
Proj. Earnings Growth
45.52%
From $8.37 to $12.18 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.28 out of 5 stars

Retail/Wholesale Sector

1st out of 218 stocks

Variety Stores Industry

1st out of 11 stocks

TGT stock logo

About Target (NYSE:TGT) Stock

Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials. It also provides in-store amenities, such as Target Café, Target Optical, Starbucks, and other food service offerings. The company sells its products through its stores; and digital channels, including Target.com. As of March 09, 2022, the company operated approximately 2,000 stores. Target Corporation was incorporated in 1902 and is headquartered in Minneapolis, Minnesota.

Wall Street Analyst Weigh In

Several brokerages recently commented on TGT. Bank of America upped their price target on shares of Target from $165.00 to $180.00 and gave the company a "neutral" rating in a report on Thursday. Raymond James upped their price target on shares of Target from $190.00 to $200.00 and gave the company a "strong-buy" rating in a report on Thursday. Morgan Stanley dropped their target price on shares of Target from $255.00 to $190.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 8th. Wells Fargo & Company upgraded shares of Target to an "overweight" rating in a research note on Tuesday, August 9th. Finally, Citigroup dropped their target price on shares of Target from $188.00 to $184.00 and set a "buy" rating on the stock in a research note on Wednesday, June 8th. Nine investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $191.23.

Target Trading Down 1.3 %

NYSE:TGT opened at $173.05 on Friday. Target has a 52 week low of $137.16 and a 52 week high of $268.98. The firm has a 50 day moving average of $154.13 and a 200 day moving average of $189.94. The company has a quick ratio of 0.14, a current ratio of 0.87 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $80.24 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 2.08 and a beta of 1.03.

Target (NYSE:TGT - Get Rating) last posted its earnings results on Wednesday, August 17th. The retailer reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.72 by ($0.33). Target had a net margin of 5.48% and a return on equity of 44.75%. The firm had revenue of $26.04 billion for the quarter, compared to analysts' expectations of $26.07 billion. During the same period in the previous year, the company earned $3.64 EPS. The company's revenue was up 4.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Target will post 8.43 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, September 10th. Shareholders of record on Wednesday, August 17th will be issued a $1.08 dividend. The ex-dividend date of this dividend is Tuesday, August 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.50%. This is a boost from Target's previous quarterly dividend of $0.90. Target's dividend payout ratio (DPR) is currently 35.82%.

Insiders Place Their Bets

In other Target news, insider John J. Mulligan sold 45,490 shares of the firm's stock in a transaction on Friday, June 17th. The shares were sold at an average price of $139.98, for a total value of $6,367,690.20. Following the completion of the transaction, the insider now owns 157,333 shares of the company's stock, valued at $22,023,473.34. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.29% of the company's stock.

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TGT Stock News Headlines

Target (NYSE:TGT) Sees Strong Trading Volume
Target (TGT) Stock Slips on Earnings Miss
Target (NYSE:TGT) Raised to Overweight at Wells Fargo & Company
Why Is Target (TGT) Stock in the Spotlight Today?
Target (NYSE:TGT) Price Target Cut to $215.00
Analysts Set Target Co. (NYSE:TGT) PT at $189.44
Target (NYSE:TGT) Shares Gap Down to $157.49
Target (NYSE:TGT) Now Covered by Piper Sandler
Are We Beyond the Worst?
See More Headlines
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TGT Company Calendar

Ex-Dividend for 6/10 Dividend
5/17/2022
Dividend Payable
6/10/2022
Ex-Dividend for 9/10 Dividend
8/16/2022
Last Earnings
8/17/2022
Today
8/19/2022
Dividend Payable
9/10/2022
Next Earnings (Estimated)
11/16/2022
Fiscal Year End
1/31/2023

Industry, Sector and Symbol

Industry
Variety stores
Sub-Industry
General Merchandise Stores
CUSIP
87612E10
Employees
450,000
Year Founded
1902

Price Target and Rating

Average Stock Price Forecast
$191.23
High Stock Price Forecast
$235.00
Low Stock Price Forecast
$161.00
Forecasted Upside/Downside
+14.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
26 Analysts

Profitability

Net Income
$6.95 billion
Pretax Margin
5.00%

Debt

Sales & Book Value

Annual Sales
$106.01 billion
Cash Flow
$18.60 per share
Book Value
$22.84 per share

Miscellaneous

Free Float
462,351,000
Market Cap
$77.72 billion
Optionable
Optionable
Beta
1.03

Social Links


Key Executives

  • Mr. Brian C. CornellMr. Brian C. Cornell (Age 63)
    Chairman & CEO
    Comp: $6.01M
  • Mr. Michael J. FiddelkeMr. Michael J. Fiddelke (Age 45)
    Exec. VP & CFO
    Comp: $1.89M
  • Mr. John J. MulliganMr. John J. Mulligan (Age 56)
    Exec. VP & COO
    Comp: $4.06M
  • Mr. Don H. LiuMr. Don H. Liu (Age 60)
    Exec. VP, Chief Legal & Risk Officer, Chief Compliance Officer and Corp. Sec.
    Comp: $1.72M
  • Mr. Michael Edward McNamaraMr. Michael Edward McNamara (Age 57)
    Strategic Advisor
    Comp: $1.91M
  • Mr. Matthew A. Liegel (Age 45)
    Chief Accounting Officer
  • Mr. Brett Craig
    Exec. VP & Chief Information Officer
  • Mr. John Hulbert
    VP of Investor Relations
  • Mr. Matt Zabel (Age 54)
    Exec. VP & Gen. Counsel
  • Ms. Katie M. BoylanMs. Katie M. Boylan (Age 45)
    Exec. VP & Chief Communications Officer













TGT Stock - Frequently Asked Questions

Should I buy or sell Target stock right now?

26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Target in the last twelve months. There are currently 8 hold ratings, 17 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" TGT shares.
View TGT analyst ratings
or view top-rated stocks.

What is Target's stock price forecast for 2022?

26 equities research analysts have issued 12 month target prices for Target's stock. Their TGT share price forecasts range from $161.00 to $235.00. On average, they anticipate the company's share price to reach $191.23 in the next twelve months. This suggests a possible upside of 10.5% from the stock's current price.
View analysts price targets for TGT
or view top-rated stocks among Wall Street analysts.

How have TGT shares performed in 2022?

Target's stock was trading at $231.44 on January 1st, 2022. Since then, TGT stock has decreased by 25.2% and is now trading at $173.05.
View the best growth stocks for 2022 here
.

When is Target's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 16th 2022.
View our TGT earnings forecast
.

How were Target's earnings last quarter?

Target Co. (NYSE:TGT) posted its quarterly earnings results on Wednesday, August, 17th. The retailer reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by $0.33. The retailer had revenue of $26.04 billion for the quarter, compared to analysts' expectations of $26.07 billion. Target had a trailing twelve-month return on equity of 44.75% and a net margin of 5.48%. Target's revenue was up 4.9% on a year-over-year basis. During the same period last year, the company posted $3.64 EPS.
Read the conference call transcript
.

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

Target declared a quarterly dividend on Thursday, June 9th. Stockholders of record on Wednesday, August 17th will be given a dividend of $1.08 per share on Saturday, September 10th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Tuesday, August 16th. This is a positive change from the stock's previous quarterly dividend of $0.90.
Read our dividend analysis for TGT
.

Is Target a good dividend stock?

Target (NYSE:TGT) pays an annual dividend of $4.32 per share and currently has a dividend yield of 2.46%. The company 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 is 35.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGT will have a dividend payout ratio of 35.58% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TGT.

How will Target's stock buyback program work?

Target announced that its board has initiated a stock 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 generally an indication that the company's management believes its shares are undervalued.

What is Brian Cornell's approval rating as Target's CEO?

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.

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).

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 retail and institutional investors. Top institutional investors include State Street Corp (7.19%), Massachusetts Financial Services Co. MA (1.46%), Northern Trust Corp (1.27%), FMR LLC (0.95%), Franklin Resources Inc. (0.95%) and UBS Asset Management Americas Inc. (0.73%). Insiders that own company 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
.

How do I buy shares of Target?

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.
Compare Top Brokerages Here.

What is Target's stock price today?

One share of TGT stock can currently be purchased for approximately $173.05.

How much money does Target make?

Target (NYSE:TGT) has a market capitalization of $80.24 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.

How many employees does Target have?

The company employs 450,000 workers across the globe.

Does Target have any subsidiaries?
The following companies are subsidiares of Target: A Bullseye View, Associated Merchandising Corporation, Chefs Catalog, Cooking.com, Deliv, DermStore, Fedco, Grand Junction, PoweredAnalytics, Shipt, Sonia Kashuk, Target Brands Inc., Target Enterprise Inc., and Target General Merchandise Inc..
Read More
When was Target founded?

Target was founded in 1902.

How can I contact Target?

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.

This page (NYSE:TGT) was last updated on 8/19/2022 by MarketBeat.com Staff

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