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Target (TGT) Stock Price, News & Analysis

$175.53
+0.86 (+0.49%)
(As of 01:16 PM ET)
Today's Range
$174.69
$176.33
50-Day Range
$137.39
$173.55
52-Week Range
$102.93
$176.33
Volume
1.22 million shs
Average Volume
3.91 million shs
Market Capitalization
$81.04 billion
P/E Ratio
19.66
Dividend Yield
2.51%
Price Target
$179.73

Target MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.59 Rating Score
Upside/​Downside
2.5% Upside
$179.73 Price Target
Short Interest
Healthy
1.74% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.81
Upright™ Environmental Score
News Sentiment
0.61mentions of Target in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$8.82 M Sold Last Quarter
Proj. Earnings Growth
12.46%
From $9.39 to $10.56 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.74 out of 5 stars

Retail/Wholesale Sector

13th out of 204 stocks

Variety Stores Industry

3rd out of 11 stocks

TGT stock logo

About Target Stock (NYSE:TGT)

Target Corporation has a long history dating back to 1902. The company began as Goodfellows Dry Goods, operated by George Dalton, and later changed its name via a progression of mergers and acquisitions. The first “Target” store was opened in Roseville, Minnesota in 1962 as the discount division of the parent company. The idea was discount or low-priced items could still be fashionable and desirable. After meeting great success in the home territory, the concept went public in the late 1960s was later expanded on a national level during the 1980s. Target Corporation is now the 7th largest retailer in the US and is projected to bring in more than $113 billion in revenue for fiscal 2023.

The department stores were shed in 2004 so today Target operates as a general merchandise retailer that serves on-trend items at discounted prices. It is known as a big box retailer and is a member of the S&P 500. The company listed about 2,000 stores in mid-2022 and had plans for growth. The company offers an assortment of everyday, household, and food goods in a bright and cheery atmosphere. It has set itself apart from other low-priced retailers as the chic choice for savvy shoppers. The company’s stated purpose is to help families discover the joy of everyday life and it does so by offering quality products that families can afford.

The company sells its products through a chain of stores as well as eCommerce. eCommerce is about 20% of Target’s total revenue and was boosted by the COVID-19 pandemic. Services like delivery, same-day pickup, and access to thousands of necessary and discretionary items are also driving adoption. Target also offers amenities like cafes and opticians, and it hosts Starbucks inside the stores.

Target Corporation has paid and increased its dividend for more than 5 decades. The company issued its 53rd consecutive distribution increase in calendar 2022 bringing the total annual payout to $4.32. In late October 2022, the payout was worth 2.7% in yield and came with a 40% payout ratio and a 9% distribution compound annual growth rate.

Target is a leader in ESG and giving back to the community. Among its many endeavors is to return 5% of its profits to community charities as well as to inspire its employees to volunteer. Volunteers donate more than 1 million man-hours per year.

 

TGT Stock Price History

TGT Stock News Headlines

5 Dividend Kings Stocks to Load Up on Now
Dividend Kings are high-quality income investments for long-term-oriented investors. Investors don't buy these stocks once and forget about them; they buy them repeatedly, building solid positions that drive portfolio value.
These Are The Most Upgraded Stocks From Q1
It is important to note where the big money flows, with Q1 rapidly drawing to a close. The big money, which, in this case, is represented by analysts and their following, continues to flow into blue-chip tech and AI.
Did You Get Your Free Bitcoin Yet?
And my special guest is willing to give you $10 in Bitcoin (BTC) if you take it seriously. Right now is a very important time to pay attention to what we are doing and what is happening. If you wait... it will be too late. This week we are holding several workshops and if you attend and pay attention my special guest is going to send you $10 in Bitcoin.
Target Nails the Bullseye on Outsized Earnings Beat
Minneapolis, Minnesota-based Target Co. NYSE: TGT is a major general merchandise retailer operating 1,956 stores in the United States. Its typical locations are around 135,000 square feet, and its small-format City Target stores are around 80,000 square feet.
Target Nails the Bullseye on Outsized Earnings Beat
Minneapolis, Minnesota-based Target Co. NYSE: TGT is a major general merchandise retailer operating 1,956 stores in the United States. Its typical locations are around 135,000 square feet, and its small-format City Target stores are around 80,000 square feet.
Here's The One Pet Stock That's Not in the Doghouse
As popular as pets are, pet stocks have been in the toilet and can't seem to get out. The landscape is littered (no pun intended) with broken stocks like online e-commerce retailer Chewy Inc. NYSE: CHWY shares down 56%, PetMed Express Inc. NASDAQ: PETS is down 71.7%, and Petco Health and Wellness Inc. NASDAQ: WOOF down 75% in the last year.
A Rising Tide Lifts These 3 Stocks Getting Upgraded
Improving analysts' sentiment is one surefire method to get a stock price moving, and Lululemon Athletica NASDAQ: LULU, Target NYSE: TGT, and Uber Technologies NYSE: UBER have that. These stocks are not only featured on Marketbeat's list of Most Upgraded Stocks, but recent activity has caused them to rise in the rankings.
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Target Stock Has a Plan to Compound Your Investment
Investing in stocks differs from buying bonds and other vehicles like commodities because they are exposed to two different cycles. Bonds perform based on the credit cycle set by the Federal Reserve (the Fed), and commodities perform based on the demand and supply cycle they also encounter; stocks, well, a bit of both and then some.
Target to double employee bonuses this year - reports
Target Gives Investors Good News
See More Headlines
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Company Calendar

Ex-Dividend for 3/10 Dividend
2/20/2024
Last Earnings
3/05/2024
Dividend Payable
3/10/2024
Today
3/28/2024
Next Earnings (Estimated)
5/15/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Variety stores
Sub-Industry
General Merchandise Stores
CUSIP
87612E10
Employees
415,000
Year Founded
1902

Price Target and Rating

Average Stock Price Target
$179.73
High Stock Price Target
$210.00
Low Stock Price Target
$134.00
Potential Upside/Downside
+2.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.59
Research Coverage
27 Analysts

Profitability

Net Income
$4.14 billion
Pretax Margin
4.93%

Debt

Sales & Book Value

Annual Sales
$107.41 billion
Cash Flow
$15.28 per share
Book Value
$29.09 per share

Miscellaneous

Free Float
460,628,000
Market Cap
$81.05 billion
Optionable
Optionable
Beta
1.13

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Should I Buy Target Stock? TGT Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Target was last updated on Tuesday, March 26, 2024 at 12:11 AM.

Pros

Here are some ways that investors could benefit from investing in Target Co.:

  • Target Co. has shown consistent revenue growth over recent quarters, indicating a strong business performance.
  • The company's stock price has been on an upward trend, reflecting positive investor sentiment and potential for capital appreciation.
  • Target Co. has a solid dividend payout ratio of 49.27%, offering investors a steady income stream through dividends.
  • Analysts have been upgrading their ratings on Target Co., with price targets indicating further potential for stock price appreciation.
  • Institutional investors have been increasing their stakes in Target Co., signaling confidence in the company's future prospects.

Cons

Investors should be bearish about investing in Target Co. for these reasons:

  • Target Co. operates in a highly competitive retail industry, which could pose challenges to maintaining market share and profitability.
  • Market volatility and economic uncertainties may impact consumer spending habits, affecting Target Co.'s revenue and profitability.
  • Any adverse changes in consumer preferences or retail trends could impact Target Co.'s sales performance and market position.
  • External factors such as trade tariffs or global economic conditions could affect Target Co.'s supply chain and overall business operations.
  • Investors should carefully monitor Target Co.'s financial metrics and industry trends to make informed investment decisions.

TGT Stock Analysis - Frequently Asked Questions

Should I buy or sell Target stock right now?

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Target in the last twelve months. There are currently 11 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TGT shares.
View TGT analyst ratings
or view top-rated stocks.

What is Target's stock price target for 2024?

27 Wall Street research analysts have issued 1-year target prices for Target's stock. Their TGT share price targets range from $134.00 to $210.00. On average, they expect the company's share price to reach $179.73 in the next twelve months. This suggests a possible upside of 2.5% from the stock's current price.
View analysts price targets for TGT
or view top-rated stocks among Wall Street analysts.

How have TGT shares performed in 2024?

Target's stock was trading at $142.42 at the start of the year. Since then, TGT stock has increased by 23.2% and is now trading at $175.41.
View the best growth stocks for 2024 here
.

When is Target's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 15th 2024.
View our TGT earnings forecast
.

How were Target's earnings last quarter?

Target Co. (NYSE:TGT) released its earnings results on Tuesday, March, 5th. The retailer reported $2.98 earnings per share for the quarter, beating analysts' consensus estimates of $2.41 by $0.57. The retailer earned $31.47 billion during the quarter, compared to analysts' expectations of $31.83 billion. Target had a trailing twelve-month return on equity of 33.41% and a net margin of 3.85%. The company's revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.89 earnings per share.

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

Target announced a quarterly dividend on Wednesday, March 13th. Shareholders of record on Wednesday, May 15th will be given a dividend of $1.10 per share on Monday, June 10th. This represents a $4.40 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Tuesday, May 14th.
Read our dividend analysis for TGT
.

Is Target a good dividend stock?

Target (NYSE:TGT) pays an annual dividend of $4.40 per share and currently has a dividend yield of 2.55%. The company has been increasing its dividend for 53 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 49.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGT will have a dividend payout ratio of 41.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TGT.

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

Target updated its FY 2024 earnings guidance on Wednesday, March, 6th. The company provided EPS guidance of 8.600-9.600 for the period, compared to the consensus EPS estimate of 8.440. The company issued revenue guidance of -.

What is Brian Cornell's approval rating as Target's CEO?

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.

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), 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).

Who are Target's major shareholders?

Target's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.74%), Vanguard Group Inc. (9.74%), Capital World Investors (5.50%), Massachusetts Financial Services Co. MA (2.20%), Franklin Resources Inc. (2.06%) and Wells Fargo & Company MN (2.02%). Insiders that own company stock include Brian C Cornell, Cara A Sylvester, Christina Hennington, Don H Liu, Jill Sando, John J Mulligan, Katie M Boylan, Mark Schindele, Matthew A Liegel, Matthew L Zabel, Melissa K Kremer, Michael Edward Mcnamara, Michael J Fiddelke, Robert M Harrison and Stephen A Vintz.
View institutional ownership trends
.

How do I buy shares of Target?

Shares of TGT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Target have any subsidiaries?
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., Target Enterprise Inc., and Target General Merchandise Inc..
Read More
This page (NYSE:TGT) was last updated on 3/28/2024 by MarketBeat.com Staff

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