NYSE:TGTTarget Stock Price, Forecast & News

Target's stock was trading at $105.58 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, TGT stock has increased by 12.9% and is now trading at $119.24. View which stocks have been most impacted by Coronavirus.

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Target in the last year. There are currently 6 hold ratings, 18 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) posted its quarterly earnings results on Wednesday, May, 20th. The retailer reported $0.59 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 24.17% and a net margin of 3.46%. The business's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the company earned $1.53 earnings per share. View Target's earnings history.

Target declared a quarterly dividend on Thursday, June 11th. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.68 per share on Thursday, September 10th. This represents a $2.72 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Tuesday, August 18th. This is an increase from Target's previous quarterly dividend of $0.66. View Target's dividend history.

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

26 equities research analysts have issued 12-month target prices for Target's shares. Their forecasts range from $110.00 to $150.00. On average, they expect Target's stock price to reach $128.96 in the next year. This suggests a possible upside of 8.1% from the stock's current price. View analysts' price targets for Target.

Media stories about TGT stock have been trending negative this week, InfoTrie reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Target earned a media sentiment score of -2.1 on InfoTrie's scale. They also gave press coverage about the retailer a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news about Target.

Target saw a decrease in short interest during the month of June. As of June 15th, there was short interest totaling 17,550,000 shares, a decrease of 6.3% from the May 31st total of 18,720,000 shares. Based on an average trading volume of 6,450,000 shares, the days-to-cover ratio is presently 2.7 days. Approximately 3.5% 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 number of retail and institutional investors. Top institutional shareholders include Park National Corp OH (0.06%), State of Alaska Department of Revenue (0.03%), First Financial Bank Trust Division (0.01%), Fulton Bank N. A. (0.00%), Modus Advisors LLC (0.00%) and HNP Capital LLC (0.00%). 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 State of Alaska Department of Revenue, Park National Corp OH, Municipal Employees Retirement System of Michigan, Fulton Bank N. A., and Courier Capital LLC. 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 bought by a variety of institutional investors in the last quarter, including First Financial Bank Trust Division, Modus Advisors LLC, Hummer Financial Advisory Services Inc, M&R Capital Management Inc., Farmers Trust Co., and HNP Capital LLC. 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 $119.24.

Target has a market capitalization of $59.62 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]