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 (WHO). Since then, TGT stock has increased by 12.6% and is now trading at $118.86. 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) issued its quarterly earnings data on Wednesday, May, 20th. The retailer reported $0.59 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.40 by $0.19. The retailer had revenue of $19.37 billion for the quarter, compared to the consensus estimate of $19.04 billion. Target had a net margin of 3.46% and a return on equity of 24.17%. The business's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.53 EPS. View Target's earnings history.

Target declared a quarterly dividend on Thursday, June 11th. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.68 per share on Thursday, September 10th. This represents a $2.72 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Tuesday, August 18th. This is a positive change from Target's previous quarterly dividend of $0.66. View Target's dividend history.

Target declared that its board has initiated a stock buyback plan on Thursday, September 19th 2019, which allows the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 9.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its stock is undervalued.

26 analysts have issued twelve-month price targets for Target's stock. Their forecasts range from $110.00 to $150.00. On average, they expect Target's stock price to reach $128.96 in the next twelve months. This suggests a possible upside of 8.5% from the stock's current price. View analysts' price targets for Target.

News stories about TGT stock have been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research group 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 negative five to positive five, with scores closest to five being the most favorable. Target earned a coverage optimism score of -1.8 on InfoTrie's scale. They also assigned headlines about the retailer a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days. 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 daily volume of 6,450,000 shares, the short-interest ratio is presently 2.7 days. Approximately 3.5% of the shares of the company are short sold. 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 variety of retail and institutional investors. Top institutional investors include Envestnet Asset Management Inc. (0.13%), Park National Corp OH (0.06%), Hexavest Inc. (0.06%), Wedge Capital Management L L P NC (0.05%), State of Alaska Department of Revenue (0.03%) and Gradient Investments LLC (0.02%). 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 Hexavest Inc., 6 Meridian, Wedge Capital Management L L P NC, State of Alaska Department of Revenue, Park National Corp OH, Municipal Employees Retirement System of Michigan, Whittier Trust Co., and Stolper Co. 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 acquired by a variety of institutional investors in the last quarter, including Abner Herrman & Brock LLC, Gradient Investments LLC, Envestnet Asset Management Inc., Canandaigua National Corp, Hoey Investments Inc., Livforsakringsbolaget Skandia Omsesidigt, American National Bank, and First Financial Bank Trust Division. 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 $118.86.

Target has a market capitalization of $59.43 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]