Target Stock Forecast, Price & 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 shares have increased by 41.0% and is now trading at $148.82.
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26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Target in the last year. There are currently 1 sell rating, 6 hold ratings, 17 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, November 18th 2020.
View our earnings forecast for Target.

Target Co. (NYSE:TGT) announced its earnings results on Wednesday, August, 19th. The retailer reported $3.38 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.64 by $1.74. The retailer earned $22.98 billion during the quarter, compared to analyst estimates of $20.11 billion. Target had a net margin of 4.16% and a return on equity of 30.25%. The company's revenue was up 24.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.82 earnings per share.
View Target's earnings history.

Target announced a quarterly dividend on Thursday, June 11th. Investors of record on Wednesday, August 19th will be paid a dividend of $0.68 per share on Thursday, September 10th. This represents a $2.72 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Tuesday, August 18th. This is an increase from Target's previous quarterly dividend of $0.66.
View Target's dividend history.

Target announced that its board has initiated a stock buyback plan on Thursday, September 19th 2019, which authorizes the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 9.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

26 brokerages have issued 1 year price targets for Target's shares. Their forecasts range from $105.00 to $180.00. On average, they expect Target's stock price to reach $138.45 in the next twelve months. This suggests that the stock has a possible downside of 7.0%.
View analysts' price targets for Target.

Target saw a decline in short interest in the month of August. As of August 14th, there was short interest totaling 8,860,000 shares, a decline of 30.0% from the July 30th total of 12,650,000 shares. Based on an average trading volume of 4,800,000 shares, the short-interest ratio is presently 1.8 days. Currently, 1.8% of the shares of the stock are sold short.
View Target's Short Interest.

Some companies that are related to Target include Dollar General (DG), Dollar Tree (DLTR), Big Lots (BIG), Tuesday Morning (TUES) and Fred's (FREDQ).
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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 a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.92%), BlackRock Inc. (7.10%), Nordea Investment Management AB (1.40%), LSV Asset Management (1.09%), AQR Capital Management LLC (0.91%) and Nuveen Asset Management LLC (0.86%). 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 BlackRock Inc., Charles Schwab Investment Management Inc., Nuveen Asset Management LLC, Prudential Financial Inc., LSV Asset Management, FMR LLC, Marshall Wace North America L.P., and Robeco Institutional Asset Management B.V.. Company insiders that have sold Target company stock in the last year include Brian C Cornell, Don H Liu, 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 Nordea Investment Management AB, Two Sigma Advisers LP, Vanguard Group Inc., First Trust Advisors LP, Holocene Advisors LP, Unigestion Holding SA, Balyasny Asset Management LLC, and Prudential PLC.
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 $148.82.

Target has a market capitalization of $74.50 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]