Target - TGT Stock Forecast, Price & News

27 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Target in the last twelve months. There are currently 8 hold ratings, 18 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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27 Wall Street analysts have issued 1 year target prices for Target's stock. Their TGT share price forecasts range from $144.00 to $235.00. On average, they anticipate the company's stock price to reach $185.07 in the next year. This suggests a possible upside of 12.1% from the stock's current price.
View analysts price targets for TGT or view top-rated stocks among Wall Street analysts.

Target's stock was trading at $231.44 on January 1st, 2022. Since then, TGT shares have decreased by 28.7% and is now trading at $165.03.
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Target saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 13,310,000 shares, an increase of 32.8% from the October 31st total of 10,020,000 shares. Based on an average daily trading volume, of 4,340,000 shares, the days-to-cover ratio is currently 3.1 days. Currently, 2.9% of the company's stock are short sold.
View Target's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
View our TGT earnings forecast.

Target Co. (NYSE:TGT) announced its quarterly earnings data on Wednesday, November, 16th. The retailer reported $1.54 EPS for the quarter, missing analysts' consensus estimates of $2.15 by $0.61. The retailer had revenue of $26.12 billion for the quarter, compared to analysts' expectations of $26.40 billion. Target had a net margin of 3.17% and a trailing twelve-month return on equity of 30.51%. The firm's revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $3.03 EPS.
Read the conference call transcript.

Target declared a quarterly dividend on Thursday, September 22nd. Stockholders of record on Wednesday, November 16th will be given a dividend of $1.08 per share on Saturday, December 10th. This represents a $4.32 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Tuesday, November 15th.
Read our dividend analysis for TGT.

Target (NYSE:TGT) pays an annual dividend of $4.32 per share and currently has a dividend yield of 2.59%. The company has been increasing its dividend for 50 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 59.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGT will have a dividend payout ratio of 43.50% 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 of Directors has approved a stock buyback 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 purchase up to 12.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.31%), BlackRock Inc. (8.22%), State Street Corp (7.43%), Massachusetts Financial Services Co. MA (1.78%), Fisher Asset Management LLC (1.04%) and Bank of New York Mellon Corp (0.86%). 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 $165.03.

Target (NYSE:TGT) has a market capitalization of $75.96 billion and generates $106.01 billion in revenue each year. The retailer earns $6.95 billion in net income (profit) each year or $7.30 on an earnings per share basis.

The company employs 450,000 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.