S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
pixel
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
pixel
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
pixel
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
pixel
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
pixel
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
pixel
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
pixel
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
pixel
NYSE:TGT

Target - TGT Stock Forecast, Price & News

$166.13
-0.43 (-0.26%)
(As of 08/5/2022 08:49 PM ET)
Add
Compare
Today's Range
$164.40
$166.90
50-Day Range
$139.30
$167.92
52-Week Range
$137.16
$268.98
Volume
2.21 million shs
Average Volume
4.97 million shs
Market Capitalization
$77.03 billion
P/E Ratio
13.78
Dividend Yield
2.17%
Price Target
$189.08

Target MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
13.8% Upside
$189.08 Price Target
Short Interest
Healthy
1.54% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.81
Upright™ Environmental Score
News Sentiment
-0.32mentions of Target in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$6.37 M Sold Last Quarter
Proj. Earnings Growth
43.11%
From $8.49 to $12.15 Per Share

Overall MarketRank

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

3.14 out of 5 stars

Retail/Wholesale Sector

6th out of 262 stocks

Variety Stores Industry

1st out of 12 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.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Target from $227.00 to $198.00 and set a "buy" rating for the company in a research report on Wednesday, June 8th. Royal Bank of Canada decreased their price target on shares of Target from $239.00 to $231.00 and set an "outperform" rating for the company in a research note on Wednesday, June 8th. DA Davidson decreased their price target on shares of Target from $205.00 to $171.00 and set a "buy" rating for the company in a research note on Wednesday, June 8th. Bank of America lowered shares of Target from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $235.00 to $165.00 in a research note on Wednesday, June 8th. Finally, Wells Fargo & Company upgraded shares of Target from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $155.00 to $195.00 in a research note on Monday, August 1st. Nine investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Target currently has an average rating of "Moderate Buy" and an average price target of $189.08.

Target Stock Performance

Shares of TGT traded down $0.43 on Friday, reaching $166.13. The company's stock had a trading volume of 2,205,355 shares, compared to its average volume of 3,400,512. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.87 and a quick ratio of 0.14. The stock has a market capitalization of $77.03 billion, a P/E ratio of 13.78, a PEG ratio of 1.91 and a beta of 1.03. The stock's 50 day simple moving average is $151.90 and its two-hundred day simple moving average is $192.82. Target has a 12-month low of $137.16 and a 12-month high of $268.98.

Target (NYSE:TGT - Get Rating) last posted its quarterly earnings data on Wednesday, May 18th. The retailer reported $2.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.00 by ($0.81). The business had revenue of $24.83 billion during the quarter, compared to analysts' expectations of $24.48 billion. Target had a return on equity of 44.75% and a net margin of 5.48%. The business's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.69 EPS. Research analysts forecast that Target will post 8.49 earnings per share for the current fiscal year.

Target Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 10th. Investors of record on Wednesday, August 17th will be issued a $1.08 dividend. This is an increase from Target's previous quarterly dividend of $0.90. The ex-dividend date is Tuesday, August 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.60%. Target's dividend payout ratio (DPR) is presently 29.85%.

Insider Buying and Selling

In other Target news, insider John J. Mulligan sold 45,490 shares of Target stock in a transaction that occurred on Friday, June 17th. The shares were sold at an average price of $139.98, for a total transaction of $6,367,690.20. Following the transaction, the insider now owns 157,333 shares of the company's stock, valued at $22,023,473.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.29% of the stock is currently owned by insiders.

Receive TGT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Target and its competitors with MarketBeat's FREE daily newsletter.

TGT Stock News Headlines

27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
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
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Target (NYSE:TGT) Now Covered by Piper Sandler
Are We Beyond the Worst?
3 Quality Dividend Stocks With No Russia Exposure
Target Stock Is On Track for Long-Term Gains
See More Headlines
Receive TGT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Target and its competitors with MarketBeat's FREE daily newsletter.

TGT Company Calendar

Ex-Dividend for 6/10 Dividend
5/17/2022
Last Earnings
5/18/2022
Dividend Payable
6/10/2022
Today
8/08/2022
Ex-Dividend for 9/10 Dividend
8/16/2022
Next Earnings (Confirmed)
8/17/2022
Dividend Payable
9/10/2022
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
$189.08
High Stock Price Forecast
$235.00
Low Stock Price Forecast
$150.00
Forecasted Upside/Downside
+13.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
26 Analysts

Profitability

Net Income
$6.95 billion
Pretax Margin
7.05%

Debt

Sales & Book Value

Annual Sales
$106.01 billion
Cash Flow
$19.45 per share
Book Value
$26.77 per share

Miscellaneous

Free Float
462,351,000
Market Cap
$77.03 billion
Optionable
Optionable
Beta
1.03

Social Links















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" Target stock.
View analyst ratings for Target
or view top-rated stocks.

What is Target's stock price forecast for 2022?

26 Wall Street analysts have issued 1-year price objectives for Target's stock. Their TGT stock forecasts range from $150.00 to $235.00. On average, they predict Target's stock price to reach $189.08 in the next twelve months. This suggests a possible upside of 13.8% from the stock's current price.
View analysts' price targets for Target
or view top-rated stocks among Wall Street analysts.

How has Target's stock performed in 2022?

Target's stock was trading at $231.44 on January 1st, 2022. Since then, TGT shares have decreased by 28.2% and is now trading at $166.13.
View the best growth stocks for 2022 here
.

When is Target's next earnings date?

Target is scheduled to release its next quarterly earnings announcement on Wednesday, August 17th 2022.
View our earnings forecast for Target
.

How can I listen to Target's earnings call?

Target will be holding an earnings conference call on Wednesday, August 17th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Target's earnings last quarter?

Target Co. (NYSE:TGT) released its quarterly earnings data on Wednesday, May, 18th. The retailer reported $2.19 earnings per share for the quarter, missing analysts' consensus estimates of $3.00 by $0.81. The retailer earned $24.83 billion during the quarter, compared to analysts' expectations of $24.48 billion. Target had a trailing twelve-month return on equity of 44.75% and a net margin of 5.48%. The firm's quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.69 earnings per share.
Read Target's 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 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Tuesday, August 16th. This is a boost from Target's previous quarterly dividend of $0.90.
View Target's dividend history
.

Is Target a good dividend stock?

Target(NYSE:TGT) pays an annual dividend of $3.60 per share and currently has a dividend yield of 2.17%. Target 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 of Target is 29.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Target will have a dividend payout ratio of 29.63% next year. This indicates that Target will be able to sustain or increase its dividend.
View Target's dividend history.

How will Target's stock buyback program work?

Target announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 18th 2021, which authorizes the company to buyback $15,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 12.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

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

10,048 employees have rated Target CEO Brian Cornell on Glassdoor.com. Brian Cornell has an approval rating of 78% among Target'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 institutional and retail investors. Top institutional shareholders include Jennison Associates LLC (0.49%), US Bancorp DE (0.39%), Sumitomo Mitsui Trust Holdings Inc. (0.39%), Focused Investors LLC (0.18%), Victory Capital Management Inc. (0.17%) and ProShare Advisors LLC (0.16%). Company insiders that own Target 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 for Target
.

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 $166.13.

How much money does Target make?

Target (NYSE:TGT) has a market capitalization of $77.03 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?

Target 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 Target 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 8/8/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.