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S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
An Unusual Way to Invest in Gold (Ad)
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
Obama’s 2024 Confession (Ad)
Recession risks are fading, business economists say, but political tensions pose threat to economy
Venezuela defends military buildup, accusing neighboring Guyana of granting illegal oil contracts
New Trump Bombshell (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Stock market today: World shares mostly higher after S&P 500 tops 5,000
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
An Unusual Way to Invest in Gold (Ad)
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
Obama’s 2024 Confession (Ad)
Recession risks are fading, business economists say, but political tensions pose threat to economy
Venezuela defends military buildup, accusing neighboring Guyana of granting illegal oil contracts
New Trump Bombshell (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Stock market today: World shares mostly higher after S&P 500 tops 5,000
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
An Unusual Way to Invest in Gold (Ad)
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
Obama’s 2024 Confession (Ad)
Recession risks are fading, business economists say, but political tensions pose threat to economy
Venezuela defends military buildup, accusing neighboring Guyana of granting illegal oil contracts
New Trump Bombshell (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Stock market today: World shares mostly higher after S&P 500 tops 5,000
NYSE:TGT

Target (TGT) Stock Price, News & Analysis

$146.53
-0.87 (-0.59%)
(As of 02/9/2024 08:57 PM ET)
Today's Range
$146.30
$147.57
50-Day Range
$132.88
$147.42
52-Week Range
$102.93
$177.29
Volume
2.79 million shs
Average Volume
3.48 million shs
Market Capitalization
$67.65 billion
P/E Ratio
18.69
Dividend Yield
3.00%
Price Target
$156.15

Target MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
6.6% Upside
$156.15 Price Target
Short Interest
Healthy
1.78% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.81
Upright™ Environmental Score
News Sentiment
0.70mentions of Target in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$3.13 M Sold Last Quarter
Proj. Earnings Growth
9.47%
From $8.34 to $9.13 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.

4.78 out of 5 stars

Retail/Wholesale Sector

12th out of 205 stocks

Variety Stores Industry

1st out of 8 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

3 Value Stocks Targeting 15% Upside or More in 2024
An Unusual Way to Invest in Gold
Most financial experts recommend including gold in your investment mix to protect against rising prices and keep wealth secure. Investors are discovering a little-known way to benefit from gold, which offers the chance to gain from higher gold prices and mining successes while avoiding the costs of operating mines.
Target (NYSE:TGT) Upgraded to Buy by Gordon Haskett
UBS Just Raised Its Price Target on SOFI Stock
3 Retail Stocks Targeting at Least 50% Upside by 2028
Obama’s 2024 Confession
Barack Obama’s confession about the 2024 election just leaked online… In short, he’s worried Biden “could very well lose.” But before you think that means Trump will win… You should see the evidence I’ve found about an election shock that could come as soon as August 19th.
Deutsche Just Raised Its Price Target on SOFI Stock
3 Dividend Stocks Targeting at Least 25% Upside by 2026
Mizuho Just Slashed Its Price Target on SoFi (SOFI) Stock
Target Stock Is Still A Buy After Holiday Rally
Target: Reviewing This Dividend King's Dividend Safety
PSNY Stock Falls as Polestar Misses 2023 Delivery Target
The 3 Best Value Stocks Targeting at Least 25% Upside
Target: Multiple Reasons For Optimism
Target: Could Be A Buy; Just Maybe Not Right Now
Add Target To Your Holiday Shopping List
3 Hot Stocks Targeting 1,000% Growth by 2030
RIVN Stock Alert: Rivian Hikes Production Target for 2023
See More Headlines
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Company Calendar

Ex-Dividend for 12/10 Dividend
11/14/2023
Last Earnings
11/15/2023
Dividend Payable
12/10/2023
Today
2/12/2024
Ex-Dividend for 3/10 Dividend
2/20/2024
Next Earnings (Confirmed)
3/05/2024
Dividend Payable
3/10/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Variety stores
Sub-Industry
General Merchandise Stores
CUSIP
87612E10
Employees
440,000
Year Founded
1902

Price Target and Rating

Average Stock Price Target
$156.15
High Stock Price Target
$200.00
Low Stock Price Target
$116.00
Potential Upside/Downside
+6.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
28 Analysts

Profitability

Net Income
$2.78 billion
Pretax Margin
4.26%

Debt

Sales & Book Value

Annual Sales
$109.12 billion
Cash Flow
$11.94 per share
Book Value
$24.40 per share

Miscellaneous

Free Float
460,600,000
Market Cap
$67.65 billion
Optionable
Optionable
Beta
1.11

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TGT Stock Analysis - Frequently Asked Questions

Should I buy or sell Target stock right now?

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Target in the last twelve months. There are currently 14 hold ratings and 14 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?

28 Wall Street 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 stock price to reach $156.15 in the next twelve months. This suggests a possible upside of 6.6% 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 on January 1st, 2024. Since then, TGT shares have increased by 2.9% and is now trading at $146.53.
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 Tuesday, March 5th 2024.
View our TGT earnings forecast
.

How can I listen to Target's earnings call?

Target will be holding an earnings conference call on Tuesday, March 5th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Target's earnings last quarter?

Target Co. (NYSE:TGT) posted its earnings results on Wednesday, November, 15th. The retailer reported $2.10 earnings per share (EPS) for the quarter, beating 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%. The business's quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.54 EPS.
Read the conference call transcript
.

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

Target declared a quarterly dividend on Wednesday, January 17th. Investors of record on Wednesday, February 21st will be given a dividend of $1.10 per share on Sunday, March 10th. This represents a $4.40 annualized dividend and a yield of 3.00%. The ex-dividend date is Tuesday, February 20th.
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 3.00%. 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 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 48.19% 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 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 earnings per share estimate of $2.23.

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 number of retail and institutional investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (2.20%), Franklin Resources Inc. (2.06%), Wells Fargo & Company MN (2.02%), Norges Bank (1.16%), Charles Schwab Investment Management Inc. (0.62%) and Clearbridge Investments LLC (0.58%). 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, 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 2/12/2024 by MarketBeat.com Staff

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