Target Stock Forecast, Price & News

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Target in the last twelve months. There are currently 4 hold ratings, 15 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Target stock.
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Wall Street analysts have given Target a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Target wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Target saw a increase in short interest during the month of May. As of May 28th, there was short interest totaling 9,100,000 shares, an increase of 69.8% from the May 13th total of 5,360,000 shares. Based on an average daily volume of 3,300,000 shares, the days-to-cover ratio is presently 2.8 days. Approximately 1.9% of the company's stock are short sold.
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Target is scheduled to release its next quarterly earnings announcement on Wednesday, August 18th 2021.
View our earnings forecast for Target.

Target Co. (NYSE:TGT) posted its quarterly earnings data on Tuesday, May, 18th. The retailer reported $3.69 EPS for the quarter, beating the consensus estimate of $2.25 by $1.44. The retailer earned $23.88 billion during the quarter, compared to the consensus estimate of $21.13 billion. Target had a net margin of 6.30% and a trailing twelve-month return on equity of 45.70%. The company's revenue for the quarter was up 23.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.59 EPS.
View Target's earnings history.

Target's stock was trading at $105.58 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, TGT shares have increased by 119.1% and is now trading at $231.34.
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Target declared a quarterly dividend on Wednesday, June 9th. Shareholders of record on Wednesday, August 18th will be paid a dividend of $0.90 per share on Friday, September 10th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Tuesday, August 17th. This is a boost from Target's previous quarterly dividend of $0.68.
View Target's dividend history.

Target pays an annual dividend of $2.72 per share and currently has a dividend yield of 1.17%. Target 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 of Target is 28.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Target will have a dividend payout ratio of 22.90% next year. This indicates that Target will be able to sustain or increase its dividend.
View Target's dividend history.

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

20 brokers have issued 1-year target prices for Target's stock. Their forecasts range from $188.00 to $265.00. On average, they anticipate Target's share price to reach $234.06 in the next year. This suggests a possible upside of 1.2% from the stock's current price.
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10,048 employees have rated Target CEO Brian Cornell on Glassdoor.com. Brian Cornell has an approval rating of 78% among Target's employees.

Some companies that are related to Target include Walmart (WMT), Costco Wholesale (COST), Wal-Mart de México (WMMVY), Dollar General (DG), Tesco (TSCDY), Dollar Tree (DLTR), Five Below (FIVE), MINISO Group (MNSO), BJ's Wholesale Club (BJ), Ollie's Bargain Outlet (OLLI), PriceSmart (PSMT), Big Lots (BIG), Tuesday Morning (TUEM), Tuesday Morning (TUESQ) and Fred's (FREDQ).
View all of TGT's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Target investors own include NVIDIA (NVDA), Walmart (WMT), AT&T (T), The Walt Disney (DIS), Johnson & Johnson (JNJ), The 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 variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.79%), Ameriprise Financial Inc. (1.87%), Geode Capital Management LLC (1.58%), Northern Trust Corp (1.33%), Franklin Resources Inc. (0.95%) and Jennison Associates LLC (0.91%). Company insiders that own Target stock include Brian C Cornell, Cara A Sylvester, Cathy R Smith, Christina Hennington, Don H Liu, Katie M Boylan, Laysha Ward, Mark J Tritton, Mark Schindele, 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 Renaissance Technologies LLC, Franklin Resources Inc., LSV Asset Management, Nordea Investment Management AB, Schafer Cullen Capital Management Inc, Atreides Management LP, Dimensional Fund Advisors LP, and Boston Partners. Company insiders that have sold Target company stock in the last year include Brian C Cornell, Cara A Sylvester, Christina Hennington, Don H Liu, Katie M Boylan, Mark Schindele, Michael Edward Mcnamara, Robert M Harrison, and Stephanie A Lundquist.
View insider buying and selling activity for Target or view top insider-selling stocks.

TGT stock was bought by a variety of institutional investors in the last quarter, including Jennison Associates LLC, BlackRock Inc., Healthcare of Ontario Pension Plan Trust Fund, Arrowstreet Capital Limited Partnership, Cullen Capital Management LLC, Prentice Wealth Management LLC, Ameriprise Financial Inc., and Canada Pension Plan Investment Board.
View insider buying and selling activity for Target or or view top insider-buying stocks.

Shares of TGT 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 $231.34.

Target has a market capitalization of $114.45 billion and generates $93.56 billion in revenue each year. The retailer earns $4.37 billion in net income (profit) each year or $9.42 on an earnings per share basis.

Target employs 409,000 workers across the globe.

The following companies are subsidiares of Target: A Bullseye View, Associated Merchandising Corporation, Chefs Catalog, Cooking.com, Deliv, DermStore, Fedco, Grand Junction, PoweredAnalytics, Shipt, Sonia Kashuk, Target Brands Inc. (MN), Target Capital Corporation (MN), Target Enterprise Inc. (MN), and Target General Merchandise Inc. (MN).

Target was founded in 1902.

The official website for Target is www.target.com.

Target is headquartered at 1000 NICOLLET MALL, MINNEAPOLIS MN, 55403.

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]