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NYSE:TGTTarget Stock Price, Forecast & News

$117.49
-1.19 (-1.00 %)
(As of 05/22/2020 04:00 PM ET)
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Today's Range
$117.18
Now: $117.49
$119.36
50-Day Range
$92.57
MA: $109.72
$125.20
52-Week Range
$76.86
Now: $117.49
$130.24
Volume4.90 million shs
Average Volume5.78 million shs
Market Capitalization$58.73 billion
P/E Ratio21.76
Dividend Yield2.25%
Beta0.75
Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise. The company also provides in-store amenities, such as Target Café, Target Optical, Starbucks, and other food service offerings. It sells its products through its stores; and digital channels, including Target.com. As of February 2, 2019, the company operated 1,844 stores. Target Corporation was founded in 1902 and is headquartered in Minneapolis, Minnesota.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 4.2Dividend Strength: 5.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.77 out of 5 stars


Industry, Sector and Symbol

Industry Variety stores
Sub-IndustryGeneral Merchandise Stores
SectorRetail/Wholesale
CUSIP87612E10
Phone612-304-6073

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$78.11 billion
Cash Flow$11.64 per share
Book Value$22.35 per share

Profitability

Net Income$3.28 billion

Miscellaneous

Employees368,000
Market Cap$58.73 billion
Next Earnings Date8/19/2020 (Estimated)
OptionableOptionable

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Target (NYSE:TGT) Frequently Asked Questions

How has Target's stock been impacted by COVID-19 (Coronavirus)?

Target's stock was trading at $105.58 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, TGT stock has increased by 11.3% and is now trading at $117.49. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Target?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Target in the last year. There are currently 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.

When is Target's next earnings date?

Target is scheduled to release its next quarterly earnings announcement on Wednesday, August 19th 2020. View our earnings forecast for Target.

How were Target's earnings last quarter?

Target Co. (NYSE:TGT) posted its quarterly earnings results on Wednesday, May, 20th. The retailer reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.19. The retailer earned $19.37 billion during the quarter, compared to analysts' expectations of $19.04 billion. Target had a return on equity of 24.17% and a net margin of 3.46%. The business's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.53 earnings per share. View Target's earnings history.

How often does Target pay dividends? What is the dividend yield for Target?

Target declared a quarterly dividend on Thursday, March 12th. Investors of record on Wednesday, May 20th will be paid a dividend of $0.66 per share on Wednesday, June 10th. This represents a $2.64 annualized dividend and a yield of 2.25%. The ex-dividend date is Tuesday, May 19th. View Target's dividend history.

How will Target's stock buyback program work?

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

What guidance has Target issued on next quarter's earnings?

Target updated its FY21 earnings guidance on Tuesday, March, 3rd. The company provided earnings per share guidance of $6.70-7.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.61.

What price target have analysts set for TGT?

25 brokerages have issued 1-year price targets for Target's stock. Their forecasts range from $110.00 to $150.00. On average, they anticipate Target's share price to reach $128.09 in the next year. This suggests a possible upside of 9.0% from the stock's current price. View analysts' price targets for Target.

Has Target been receiving favorable news coverage?

News headlines about TGT stock have trended somewhat negative this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Target earned a media sentiment score of -1.0 on InfoTrie's scale. They also assigned media stories about the retailer a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the immediate future. View the latest news aboutTarget.

Are investors shorting Target?

Target saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 20,000,000 shares, an increase of 24.6% from the April 30th total of 16,050,000 shares. Based on an average trading volume of 6,060,000 shares, the days-to-cover ratio is presently 3.3 days. Approximately 4.0% of the shares of the company are sold short. View Target's Current Options Chain.

Who are some of Target's key competitors?

What other stocks do shareholders of Target own?

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).

Who are Target's key executives?

Target's management team includes the following people:
  • Mr. Brian C. Cornell, Chairman & CEO (Age 60)
  • Ms. Catherine R. Smith, Exec. VP & CFO (Age 55)
  • Mr. John J. Mulligan, Exec. VP & COO (Age 53)
  • Mr. Michael Edward McNamara, Exec. VP & Chief Information Officer (Age 54)
  • Ms. Janna Adair Potts, Exec. VP & Chief Stores Officer (Age 51)

What is Target's stock symbol?

Target trades on the New York Stock Exchange (NYSE) under the ticker symbol "TGT."

Who are Target's major shareholders?

Target's stock is owned by a variety of institutional and retail investors. Top institutional investors include State Street Corp (8.17%), BlackRock Inc. (7.55%), Capital World Investors (3.16%), Geode Capital Management LLC (1.50%), Franklin Resources Inc. (1.35%) and Nuveen Asset Management LLC (1.07%). 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.

Which major investors are selling Target stock?

TGT stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, APG Asset Management N.V., APG Asset Management N.V., State Street Corp, Edgar Lomax Co. VA, Lord Abbett & CO. LLC, Skandinaviska Enskilda Banken AB publ , and Bessemer Group Inc.. 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.

Which major investors are buying Target stock?

TGT stock was purchased by a variety of institutional investors in the last quarter, including Franklin Resources Inc., APG Asset Management N.V., AQR Capital Management LLC, Alyeska Investment Group L.P., Cullen Capital Management LLC, Rothschild & Co. Asset Management US Inc., Hexavest Inc., and Retirement Systems of Alabama. View insider buying and selling activity for Target.

How do I buy shares of 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.

What is Target's stock price today?

One share of TGT stock can currently be purchased for approximately $117.49.

How big of a company is Target?

Target has a market capitalization of $58.73 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.

What is Target's official website?

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

How can I contact Target?

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]

This page was last updated on 5/24/2020 by MarketBeat.com Staff

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