Target (TGT) Stock Price, News & Analysis

27 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Target in the last year. There are currently 15 hold ratings and 12 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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27 equities research analysts have issued 12-month price targets for Target's stock. Their TGT share price targets range from $116.00 to $200.00. On average, they anticipate the company's share price to reach $153.88 in the next year. This suggests a possible upside of 8.0% 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 stock has decreased by 4.4% and is now trading at $142.42.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our TGT earnings forecast.

Target Co. (NYSE:TGT) posted its earnings results on Wednesday, November, 15th. The retailer reported $2.10 EPS for the quarter, topping the consensus estimate of $1.48 by $0.62. The retailer had revenue of $25 billion for the quarter, compared to analysts' expectations of $25.28 billion. Target had a trailing twelve-month return on equity of 30.69% and a net margin of 3.40%. Target's quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the business earned $1.54 earnings per share.
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Target announced a quarterly dividend on Wednesday, September 20th. Investors of record on Wednesday, November 15th will be paid a dividend of $1.10 per share on Sunday, December 10th. This represents a $4.40 annualized dividend and a yield of 3.09%. The ex-dividend date is Tuesday, November 14th.
Read our dividend analysis for TGT.

Target (NYSE:TGT) pays an annual dividend of $4.40 per share and currently has a dividend yield of 3.09%. 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 56.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGT will have a dividend payout ratio of 48.40% next year. This indicates that the company will be able to sustain or increase its dividend.
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 updated its fourth quarter earnings guidance on Wednesday, November, 15th. The company provided earnings per share guidance of $1.90-2.60 for the period, compared to the consensus estimate of $2.23.

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).

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.
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