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Target Stock Forecast, Price & News

$148.00
-1.61 (-1.08%)
(As of 06/28/2022 10:39 AM ET)
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Compare
Today's Range
$148.00
$151.28
50-Day Range
$139.30
$249.32
52-Week Range
$138.58
$268.98
Volume
58,994 shs
Average Volume
6.69 million shs
Market Capitalization
$68.63 billion
P/E Ratio
12.27
Dividend Yield
2.39%
Price Target
$193.04
30 days | 90 days | 365 days | Advanced Chart

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TGT Stock Forecast (MarketRank)

Overall MarketRank

3.83 out of 5 stars

Retail/Wholesale Sector

3rd out of 283 stocks

Variety Stores Industry

1st out of 12 stocks

Analyst Opinion: 4.4Community Rank: 5.0Dividend Strength: 4.2Insider Behavior: 2.5Valuation: 3.1 5 -4 -3 -2 -1 -
Target logo

About Target (NYSE:TGT)

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.

TGT Stock News Headlines

See More Headlines

Industry, Sector and Symbol

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

Company Calendar

Ex-Dividend for 6/10 Dividend
5/17/2022
Last Earnings
5/18/2022
Dividend Payable
6/10/2022
Today
6/28/2022
Next Earnings (Estimated)
8/17/2022
Fiscal Year End
1/31/2023

Price Target and Rating

Average Stock Price Forecast
$193.04
High Stock Price Forecast
$280.00
Low Stock Price Forecast
$150.00
Forecasted Upside/Downside
+30.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.72
Research Coverage
25 Analysts

Profitability

Net Income
$6.95 billion
Pretax Margin
7.05%

Debt

Sales & Book Value

Annual Sales
$106.01 billion
Cash Flow
$19.15 per share
Book Value
$26.77 per share

Miscellaneous

Free Float
462,351,000
Market Cap
$68.63 billion
Optionable
Optionable
Beta
0.96

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Target Frequently Asked Questions

Should I buy or sell Target stock right now?

25 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Target in the last year. There are currently 8 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 "moderate buy" Target stock.
View analyst ratings for Target
or view top-rated stocks.

What is Target's stock price forecast for 2022?

25 brokerages have issued 1 year price objectives for Target's shares. Their TGT stock forecasts range from $150.00 to $280.00. On average, they anticipate Target's stock price to reach $193.04 in the next year. This suggests a possible upside of 30.4% 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 36.1% and is now trading at $148.00.
View the best growth stocks for 2022 here
.

Are investors shorting Target?

Target saw a increase in short interest in May. As of May 31st, there was short interest totaling 10,660,000 shares, an increase of 27.4% from the May 15th total of 8,370,000 shares. Based on an average daily trading volume, of 5,730,000 shares, the days-to-cover ratio is currently 1.9 days.
View Target's Short Interest
.

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 were Target's earnings last quarter?

Target Co. (NYSE:TGT) released its earnings results on Wednesday, May, 18th. The retailer reported $2.19 earnings per share for the quarter, missing the consensus estimate of $3.07 by $0.88. The retailer had revenue of $24.83 billion for the quarter, compared to the consensus estimate of $24.48 billion. Target had a trailing twelve-month return on equity of 44.75% and a net margin of 5.48%. The business's revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.69 EPS.
View Target's earnings history
.

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

Target announced a quarterly dividend on Thursday, June 9th. Shareholders 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 2.92%. The ex-dividend date of this dividend is Tuesday, August 16th. This is an increase 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 2.39%. 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 29.10% 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 has authorized a stock repurchase plan on Wednesday, August 18th 2021, which permits the company to repurchase $15,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 12.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

Who are Target's key executives?

Target's management team includes the following people:

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 number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.33%), BlackRock Inc. (8.37%), State Street Corp (7.71%), Capital World Investors (1.86%), Northern Trust Corp (1.39%) and Invesco Ltd. (0.94%). 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
.

Which institutional investors are selling Target stock?

TGT stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Bank of Montreal Can, UBS Group AG, BlackRock Inc., Citigroup Inc., Capital Research Global Investors, Canada Pension Plan Investment Board, and Neuberger Berman Group LLC. Company insiders that have sold Target company stock in the last two years include Brian C Cornell, Cara A Sylvester, Christina Hennington, Don H Liu, Jill Sando, John J Mulligan, Katie M Boylan, Mark Schindele, Michael Edward Mcnamara, Michael J Fiddelke, Robert M Harrison, Stephanie A Lundquist, and Stephen A Vintz.
View insider buying and selling activity for Target
or view top insider-selling stocks.

Which institutional investors are buying Target stock?

TGT stock was acquired by a variety of institutional investors in the last quarter, including Deer Park Road Corp, Nordea Investment Management AB, Twin Tree Management LP, Assenagon Asset Management S.A., Vanguard Group Inc., JPMorgan Chase & Co., Bridgewater Associates LP, and Arrowstreet Capital Limited Partnership.
View insider buying and selling activity for Target
or or view top insider-buying stocks.

How do I buy shares of Target?

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.
Compare Top Brokerages Here.

What is Target's stock price today?

One share of TGT stock can currently be purchased for approximately $148.00.

How much money does Target make?

Target (NYSE:TGT) has a market capitalization of $68.63 billion and generates $106.01 billion in revenue each year. The retailer earns $6.95 billion in net income (profit) each year or $12.059990 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 [email protected], or via fax at 612-761-5555.

This page (NYSE:TGT) was last updated on 6/28/2022 by MarketBeat.com Staff

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