Target (TGT) Stock Forecast, Price & News

29 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Target in the last year. There are currently 12 hold ratings, 16 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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29 Wall Street research analysts have issued twelve-month target prices for Target's stock. Their TGT share price forecasts range from $132.00 to $220.00. On average, they expect the company's share price to reach $181.69 in the next twelve months. This suggests a possible upside of 35.8% from the stock's current price.
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Target's stock was trading at $149.04 at the start of the year. Since then, TGT stock has decreased by 10.2% and is now trading at $133.80.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 16th 2023.
View our TGT earnings forecast.

Target Co. (NYSE:TGT) released its quarterly earnings results on Wednesday, May, 17th. The retailer reported $2.05 EPS for the quarter, beating analysts' consensus estimates of $1.76 by $0.29. The retailer earned $24.95 billion during the quarter, compared to analysts' expectations of $25.28 billion. Target had a net margin of 2.49% and a trailing twelve-month return on equity of 24.49%. Target's revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company earned $2.19 EPS.
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Target announced a quarterly dividend on Thursday, March 9th. Investors of record on Wednesday, May 17th will be given 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 3.23%. 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), iShares U.S. Consumer Focused ETF (IEDI), Emerge EMPWR Sustainable Select Growth Equity ETF (EMGC), Consumer Staples Select Sector SPDR Fund (XLP), TrueShares Low Volatility Equity Income ETF (DIVZ), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), Harbor Dividend Growth Leaders ETF (GDIV) and ProShares Ultra Consumer Goods (UGE).

Target (NYSE:TGT) pays an annual dividend of $4.32 per share and currently has a dividend yield of 3.11%. The company has been increasing its dividend for 51 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 73.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGT will have a dividend payout ratio of 41.58% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TGT.

Target announced that its board 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 repurchase up to 12.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its stock is undervalued.

Target issued an update on its second quarter 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share (EPS) guidance of $1.30-$1.70 for the period, compared to the consensus earnings per share estimate of $1.93. 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 institutional and retail investors. Top institutional shareholders include State Street Corp (7.49%), BlackRock Inc. (7.45%), Geode Capital Management LLC (1.80%), Franklin Resources Inc. (1.44%), FMR LLC (1.27%) and Fisher Asset Management LLC (1.14%). 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.
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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 $133.80.

Target (NYSE:TGT) has a market capitalization of $61.76 billion and generates $109.12 billion in revenue each year. The retailer earns $2.78 billion in net income (profit) each year or $5.87 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.