Target (TGT) Stock Forecast, Price & News

26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Target in the last twelve months. There are currently 15 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" TGT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TGT, but not buy additional shares or sell existing shares.
View TGT analyst ratings or view top-rated stocks.

26 brokerages have issued twelve-month price objectives for Target's stock. Their TGT share price forecasts range from $130.00 to $220.00. On average, they anticipate the company's stock price to reach $175.29 in the next year. This suggests a possible upside of 34.2% from the stock's current price.
View analysts price targets for TGT or view top-rated stocks among Wall Street analysts.

Target's stock was trading at $149.04 at the start of the year. Since then, TGT shares have decreased by 12.4% and is now trading at $130.60.
View the best growth stocks for 2023 here.

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

Target will be holding an earnings conference call on Wednesday, August 16th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Target Co. (NYSE:TGT) released its quarterly earnings results on Wednesday, May, 17th. The retailer reported $2.05 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 2.49% and a trailing twelve-month return on equity of 24.49%. Target's revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the business earned $2.19 earnings per share.
Read the conference call transcript.

Target announced a quarterly dividend on Thursday, June 15th. Stockholders of record on Wednesday, August 16th will be given a dividend of $1.10 per share on Sunday, September 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend is Tuesday, August 15th. This is an increase from the stock's previous quarterly dividend of $1.08.
Read our dividend analysis for TGT.

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

Target (NYSE:TGT) pays an annual dividend of $4.40 per share and currently has a dividend yield of 3.26%. The company has been increasing its dividend for 52 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 74.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGT will have a dividend payout ratio of 44.49% 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 authorized a stock repurchase program on Wednesday, August 18th 2021, which permits the company to buyback $15,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 12.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board of directors believes its shares are undervalued.

Target updated its second quarter 2023 earnings guidance on Friday, May, 26th. The company provided EPS guidance of $1.30-$1.70 for the period, compared to the consensus earnings per share estimate of $1.93. The company issued revenue guidance of -.

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 a variety of retail and institutional investors. Top institutional shareholders include Parnassus Investments LLC (1.10%), Bank of New York Mellon Corp (0.84%), Dimensional Fund Advisors LP (0.52%), Fisher Asset Management LLC (0.45%), Diamond Hill Capital Management Inc. (0.39%) and Swiss National Bank (0.36%). 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, 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.
Compare Top Brokerages Here.

One share of TGT stock can currently be purchased for approximately $130.60.

Target (NYSE:TGT) has a market capitalization of $60.28 billion and generates $109.27 billion in revenue each year. The retailer earns $2.78 billion in net income (profit) each year or $5.87 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.