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. Since then, TGT shares have increased by 13.7% and is now trading at $120.08. 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) announced its earnings results on Wednesday, May, 20th. The retailer reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.19. The retailer had revenue of $19.37 billion for the quarter, compared to analyst estimates of $19.04 billion. Target had a net margin of 3.46% and a return on equity of 24.17%. The firm's revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.53 EPS. View Target's earnings history.

Target declared a quarterly dividend on Thursday, June 11th. Investors 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 yield of 2.27%. The ex-dividend date 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 approved a stock buyback program on Thursday, September 19th 2019, which permits the company to buyback $5,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 9.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

26 brokerages have issued 1 year target prices 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 7.4% from the stock's current price. View analysts' price targets for Target.

Headlines about TGT stock have been trending extremely negative on Wednesday, according to InfoTrie Sentiment. The research group ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Target earned a media sentiment score of -4.3 on InfoTrie's scale. They also assigned news stories about the retailer a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an impact on the stock's share price in the immediate future. View the latest news about Target.

Target saw a drop in short interest in June. As of June 15th, there was short interest totaling 17,550,000 shares, a drop 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 days-to-cover ratio is presently 2.7 days. Currently, 3.5% of the company's shares 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 institutional and retail 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%), Polaris Greystone Financial Group LLC (0.05%) and State of Alaska Department of Revenue (0.03%). 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, Polaris Greystone Financial Group LLC, State of Alaska Department of Revenue, Park National Corp OH, Veracity Capital LLC, and IFM Investors Pty Ltd. 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 purchased by a variety of institutional investors in the last quarter, including Abner Herrman & Brock LLC, MERIAN GLOBAL INVESTORS UK Ltd, Gradient Investments LLC, Envestnet Asset Management Inc., Canandaigua National Corp, Minot Wealth Management LLC, Quattro Financial Advisors LLC, and Verity & Verity LLC. 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 $120.08.

Target has a market capitalization of $60.04 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]