Free Trial
NYSE:TGT

Target (TGT) Stock Price, News & Analysis

Target logo
$150.59
-0.25 (-0.17%)
(As of 12:38 PM ET)

About Target Stock (NYSE:TGT)

Key Stats

Today's Range
$149.80
$152.68
50-Day Range
$147.20
$160.65
52-Week Range
$105.23
$181.86
Volume
1.64 million shs
Average Volume
3.91 million shs
Market Capitalization
$69.37 billion
P/E Ratio
15.56
Dividend Yield
2.97%
Price Target
$179.47
Consensus Rating
Moderate Buy

Company Overview

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.

 

Target Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
98th Percentile Overall Score

TGT MarketRank™: 

Target scored higher than 98% of companies evaluated by MarketBeat, and ranked 6th out of 214 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Target has received a consensus rating of Moderate Buy. The company's average rating score is 2.65, and is based on 19 buy ratings, 10 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Target has been the subject of 19 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Target's stock forecast and price target.
  • Earnings Growth

    Earnings for Target are expected to grow by 10.69% in the coming year, from $9.54 to $10.56 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Target is 15.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.47.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Target is 15.63, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 111.36.

  • Price to Earnings Growth Ratio

    Target has a PEG Ratio of 1.94. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Target has a P/B Ratio of 5.20. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Target's valuation and earnings.
  • Percentage of Shares Shorted

    3.10% of the float of Target has been sold short.
  • Short Interest Ratio / Days to Cover

    Target has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Target has recently decreased by 7.77%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Target pays a meaningful dividend of 2.99%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Target has been increasing its dividend for 54 years.

  • Dividend Coverage

    The dividend payout ratio of Target is 46.28%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Target will have a dividend payout ratio of 42.42% next year. This indicates that Target will be able to sustain or increase its dividend.

  • Read more about Target's dividend.
  • Percentage of Shares Shorted

    3.10% of the float of Target has been sold short.
  • Short Interest Ratio / Days to Cover

    Target has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Target has recently decreased by 7.77%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Target has a news sentiment score of 0.56. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Retail/Wholesale companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for Target this week, compared to 6 articles on an average week.
  • Search Interest

    85 people have searched for TGT on MarketBeat in the last 30 days. This is an increase of 2% compared to the previous 30 days.
  • MarketBeat Follows

    Only 23 people have added Target to their MarketBeat watchlist in the last 30 days. This is a decrease of -8% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Target insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $8,290,995.00 in company stock.

  • Percentage Held by Insiders

    Only 0.15% of the stock of Target is held by insiders.

  • Percentage Held by Institutions

    79.73% of the stock of Target is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Target's insider trading history.
Receive TGT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Target and its competitors with MarketBeat's FREE daily newsletter.

TGT Stock News Headlines

Target Co. (NYSE:TGT) Receives $179.47 Average PT from Brokerages
[Charles Payne Live Event] Click to Confirm Your RSVP
The Blueprint to Protect Your Portfolio Charles Payne reveals a strategy few investors know about
See More Headlines

TGT Stock Analysis - Frequently Asked Questions

Target's stock was trading at $142.42 on January 1st, 2024. Since then, TGT shares have increased by 6.2% and is now trading at $151.30.
View the best growth stocks for 2024 here
.

Target Co. (NYSE:TGT) released its earnings results on Wednesday, August, 21st. The retailer reported $2.57 earnings per share for the quarter, topping analysts' consensus estimates of $2.18 by $0.39. The business's revenue was up 1.0% on a year-over-year basis.
Read the conference call transcript
.

Target subsidiaries include these companies: Deliv, Shipt, Grand Junction, Sonia Kashuk, A Bullseye View, PoweredAnalytics, DermStore, and others.

Top institutional investors of Target include US Bancorp DE (0.44%), International Assets Investment Management LLC (0.43%), Raymond James & Associates (0.32%) and National Pension Service (0.23%). Insiders that own company stock include Brian C Cornell, Richard H Gomez, John J Mulligan, Don H Liu, Christina Hennington, Michael J Fiddelke, Melissa K Kremer, Matthew L Zabel, Cara A Sylvester, Matthew A Liegel, Jill Sando, Katie M Boylan and Robert M Harrison.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Target investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), Walmart (WMT), JPMorgan Chase & Co. (JPM) and Netflix (NFLX).

Company Calendar

Last Earnings
8/21/2024
Ex-Dividend for 9/10 Dividend
8/21/2024
Dividend Payable
9/10/2024
Today
11/04/2024
Ex-Dividend for 12/10 Dividend
11/20/2024
Next Earnings (Confirmed)
11/20/2024
Dividend Payable
12/10/2024
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
$179.47
High Stock Price Target
$220.00
Low Stock Price Target
$116.00
Potential Upside/Downside
+17.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.65
Research Coverage
31 Analysts

Profitability

Net Income
$4.14 billion
Pretax Margin
5.39%

Debt

Sales & Book Value

Annual Sales
$107.41 billion
Cash Flow
$15.26 per share
Book Value
$29.09 per share

Miscellaneous

Free Float
459,984,000
Market Cap
$70.14 billion
Optionable
Optionable
Beta
1.24

Social Links

Beginners Guide To Retirement Stocks Cover

Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report

This page (NYSE:TGT) was last updated on 11/4/2024 by MarketBeat.com Staff
From Our Partners