Target (TGT) Stock Forecast, Price & News

26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Target in the last year. 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.
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26 brokers have issued twelve-month price targets for Target's stock. Their TGT share price forecasts range from $130.00 to $220.00. On average, they predict the company's share price to reach $173.82 in the next year. This suggests a possible upside of 32.6% from the stock's current price.
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Target's stock was trading at $149.04 at the start of the year. Since then, TGT shares have decreased by 12.1% and is now trading at $131.05.
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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) posted its quarterly earnings results 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 net margin of 2.49% and a trailing twelve-month return on equity of 24.49%. The company's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.19 earnings per share.
Read the conference call transcript.

Target announced a quarterly dividend on Thursday, June 15th. Shareholders of record on Wednesday, August 16th will be paid a dividend of $1.10 per share on Sunday, September 10th. This represents a $4.40 annualized dividend and a dividend yield of 3.36%. The ex-dividend date is Tuesday, August 15th. This is a boost 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), Emerge EMPWR Sustainable Dividend Equity ETF (EMCA), ProShares Ultra Consumer Staples (UGE) and iShares U.S. Consumer Focused ETF (IEDI).

Target (NYSE:TGT) pays an annual dividend of $4.32 per share and currently has a dividend yield of 3.30%. 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 73.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGT will have a dividend payout ratio of 43.95% 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 share repurchase program on Wednesday, August 18th 2021, which allows the company to repurchase $15,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 12.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Target issued an update on its second quarter 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share (EPS) guidance of $1.30-$1.70 for the period, compared to the consensus 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 many different retail and institutional investors. Top institutional shareholders include Capital World Investors (7.09%), BlackRock Inc. (7.03%), Franklin Resources Inc. (1.94%), Geode Capital Management LLC (1.83%), Parnassus Investments LLC (1.10%) and Northern Trust Corp (1.09%). 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.
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One share of TGT stock can currently be purchased for approximately $131.05.

Target (NYSE:TGT) has a market capitalization of $60.49 billion and generates $109.12 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.