Target - TGT Stock Forecast, Price & News

26 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, 17 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.
View TGT analyst ratings or view top-rated stocks.

26 Wall Street research analysts have issued 12-month price targets for Target's stock. Their TGT share price forecasts range from $150.00 to $235.00. On average, they expect the company's share price to reach $189.15 in the next twelve months. This suggests a possible upside of 7.9% from the stock's current price.
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Target's stock was trading at $231.44 on January 1st, 2022. Since then, TGT shares have decreased by 24.2% and is now trading at $175.34.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 17th 2022.
View our TGT earnings forecast.

Target Co. (NYSE:TGT) issued its quarterly earnings data on Wednesday, August, 17th. The retailer reported $0.39 EPS for the quarter, missing the consensus estimate of $0.71 by $0.32. The retailer had revenue of $26.04 billion for the quarter, compared to analysts' expectations of $26.07 billion. Target had a trailing twelve-month return on equity of 44.75% and a net margin of 5.48%. The business's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.64 EPS.

Target announced a quarterly dividend on Thursday, June 9th. Stockholders of record on Wednesday, August 17th will be paid a dividend of $1.08 per share on Saturday, September 10th. This represents a $4.32 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Tuesday, August 16th. This is a positive change from the stock's previous quarterly dividend of $0.90.
Read our dividend analysis for TGT.

Target (NYSE:TGT) pays an annual dividend of $3.60 per share and currently has a dividend yield of 2.00%. The company 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 is 29.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGT will have a dividend payout ratio of 29.65% 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 has initiated a stock repurchase program on Wednesday, August 18th 2021, which allows the company to buyback $15,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 12.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management 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 institutional and retail investors. Top institutional shareholders include State Street Corp (7.19%), Massachusetts Financial Services Co. MA (1.46%), Northern Trust Corp (1.27%), FMR LLC (0.95%), Franklin Resources Inc. (0.95%) and UBS Asset Management Americas Inc. (0.73%). Insiders that own company 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.
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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 $175.34.

Target (NYSE:TGT) has a market capitalization of $81.30 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.

The company employs 450,000 workers across the globe.

Target was founded in 1902.

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.