Target (TGT) Stock Forecast, Price & News

30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Target in the last twelve months. There are currently 12 hold ratings, 17 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" TGT shares.
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30 analysts have issued 1-year price targets for Target's shares. Their TGT share price forecasts range from $132.00 to $220.00. On average, they predict the company's stock price to reach $181.69 in the next year. This suggests a possible upside of 17.8% from the stock's current price.
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Target's stock was trading at $149.04 at the beginning of 2023. Since then, TGT stock has increased by 3.4% and is now trading at $154.18.
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Target saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 10,430,000 shares, an increase of 18.8% from the March 31st total of 8,780,000 shares. Based on an average trading volume of 3,050,000 shares, the short-interest ratio is presently 3.4 days. Currently, 2.3% of the company's stock are sold short.
View Target's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 16th 2023.
View our TGT earnings forecast.

Target Co. (NYSE:TGT) posted its quarterly earnings data on Wednesday, May, 17th. The retailer reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.29. The retailer earned $24.95 billion during the quarter, compared to the consensus estimate of $25.28 billion. Target had a trailing twelve-month return on equity of 25.63% and a net margin of 2.55%. The company's revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the business earned $2.19 EPS.

Target declared a quarterly dividend on Thursday, March 9th. Stockholders of record on Wednesday, May 17th will be paid a dividend of $1.08 per share on Saturday, June 10th. This represents a $4.32 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Tuesday, May 16th.
Read our dividend analysis for TGT.

ETFs with the largest weight of Target (NYSE:TGT) stock in their portfolio include VanEck Retail ETF (RTH), iShares U.S. Consumer Focused ETF (IEDI), Emerge EMPWR Sustainable Select Growth Equity ETF (EMGC), Consumer Staples Select Sector SPDR Fund (XLP), TrueShares Low Volatility Equity Income ETF (DIVZ), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), Harbor Dividend Growth Leaders ETF (GDIV) and ProShares Ultra Consumer Staples (UGE).

Target (NYSE:TGT) pays an annual dividend of $4.32 per share and currently has a dividend yield of 2.75%. The company has been increasing its dividend for 51 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 72.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGT will have a dividend payout ratio of 41.46% 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 plan on Wednesday, August 18th 2021, which authorizes the company to repurchase $15,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 12.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

Target updated its FY24 earnings guidance on Wednesday, May, 17th. The company provided EPS guidance of $7.75-8.75 for the period, compared to the consensus EPS estimate of $8.47.

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 retail and institutional investors. Top institutional investors include State Street Corp (7.49%), BlackRock Inc. (7.45%), Geode Capital Management LLC (1.80%), Franklin Resources Inc. (1.44%), FMR LLC (1.27%) and Fisher Asset Management LLC (1.14%). Insiders that own company stock include Brian C Cornell, Brian C Cornell, Cara A Sylvester, Christina Hennington, Don H Liu, Don H Liu, Jill Sando, John J Mulligan, Katie M Boylan, Mark Schindele, Matthew A Liegel, Michael Edward Mcnamara, Michael J Fiddelke, Robert M Harrison, Robert M Harrison, Roxanne S Austin, Stephanie A Lundquist and Stephen A Vintz.
View institutional ownership trends.

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 $154.18.

Target (NYSE:TGT) has a market capitalization of $71.16 billion and generates $109.12 billion in revenue each year. The retailer earns $2.78 billion in net income (profit) each year or $5.98 on an earnings per share basis.

The company employs 440,000 workers across the globe.

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.