Target MarketRank™ Stock Analysis
- Analyst Rating
Moderate Buy
2.59 Rating Score
- Upside/Downside
8.6% Upside
$178.38 Price Target
- Short Interest
Healthy
1.60% of Float Sold Short
- Dividend Strength
Strong
Based on Four Factors
- Sustainability
-1.81
Upright™ Environmental Score
- News Sentiment
- 0.60
Based on 28 Articles This Week
- Insider Trading
Selling Shares
$8.03 M Sold Last Quarter
- Proj. Earnings Growth
12.62%
From $9.35 to $10.53 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.
4.67 out of 5 stars
Retail/Wholesale Sector
16th out of 189 stocks
Variety Stores Industry
3rd out of 11 stocks
2.3
Analyst's Opinion
Consensus Rating
Target has received a consensus rating of Moderate Buy. The company's average rating score is 2.59, and is based on 16 buy ratings, 11 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $178.38, Target has a forecasted upside of 8.6% from its current price of $164.22.
Amount of Analyst Coverage
Target has been the subject of 22 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
3.0
Short Interest
Percentage of Shares Shorted
1.60% 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 1.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous month
Short interest in Target has recently increased by 4.99%, indicating that investor sentiment is decreasing.
4.2
Dividend Strength
Dividend Yield
Target pays a meaningful dividend of 2.64%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Target has been increasing its dividend for 53 years.
Dividend Coverage
The dividend payout ratio of Target is 49.27%. 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 41.79% next year. This indicates that Target will be able to sustain or increase its dividend.
1.9
Sustainability and ESG
Overall ESG (Environmental, Social, and Governance) Score
Target has received a -4.36% net impact score from Upright. The largest negative impact of Target in category "GHG emissions" seems to be driven mostly by its "Physical retail of jewellery at a hypermarket", "Physical retail of clothing at a hypermarket", "Physical retail of vehicle chemicals at a hypermarket", "Physical retail of pet products at a hypermarket", "Physical retail of shoes at a hypermarket", and "Physical retail of toys at a hypermarket" products. See details.Environmental Sustainability
The Environmental Impact score for Target is -1.81.
3.1
News and Social Media Coverage
News Sentiment
Target has a news sentiment score of 0.60. 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 28 news articles for Target this week, compared to 3 articles on an average week.Search Interest
137 people have searched for TGT on MarketBeat in the last 30 days. This is an increase of 46% compared to the previous 30 days.MarketBeat Follows
69 people have added Target to their MarketBeat watchlist in the last 30 days. This is an increase of 123% compared to the previous 30 days.
2.5
Company Ownership
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 $8,033,550.00 in company stock.
Percentage Held by Insiders
Only 0.23% of the stock of Target is held by insiders.
Percentage Held by Institutions
78.33% of the stock of Target is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
2.5
Earnings and Valuation
Earnings Growth
Earnings for Target are expected to grow by 12.62% in the coming year, from $9.35 to $10.53 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Target is 18.39, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 148.72.
Price to Earnings Ratio vs. Sector
The P/E ratio of Target is 18.39, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 26.02.
Price to Earnings Growth Ratio
Target has a PEG Ratio of 1.57. 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 5.65. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
See Top Rated MarketRank™ Stocks Here
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.
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TGT Stock Price History
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TGT Stock News Headlines
March 17, 2024|insidertrades.com
Melissa K. Kremer Sells 3,000 Shares of Target Co. (NYSE:TGT) Stock
March 11, 2024|marketbeat.com
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.
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March 11, 2024|marketbeat.com
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.
March 11, 2024|marketbeat.com
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.
March 8, 2024|marketbeat.com
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.
March 4, 2024|marketbeat.com
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.
February 27, 2024|marketbeat.com
Quad/Graphics is a benefactor of the advertising rebound
Quad/Graphics Inc. NYSE: QUAD is a global full-service marketing solutions firm for commercial clients in the retail, healthcare, financial services, publishing and consumer packaging industries. With over 15,000 employees, the industrial products sector company offers printing services that direct mailers, catalogs and publications to data and analytics, creative and content solutions.
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February 21, 2024|marketbeat.com
Profit pillars: 5 Dividend aristocrats for reliable income
3M NYSE: MMM, International Business Machines NYSE: IBM, Realty Income Inc. NYSE: O, Target Corp. NYSE: TGT and the Southern Company NYSE: SO are among dividend aristocrats with a history of increasing shareholder payouts for a history of increasing shareholder payouts for 25 years or more.
March 16, 2024|fool.com
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Momentum Mavericks: 3 Stocks Defying Gravity and Expectations
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Beyond The Earnings: What The Latest Financial Report Reveals About Target Corp (TGT) Future
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March 13, 2024|prnewswire.com
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Target Co. (NYSE:TGT) Insider Brian C. Cornell Sells 45,000 Shares of Stock
March 12, 2024|fool.com
Target Stock Has 23% Upside, According to 1 Wall Street Analyst
March 11, 2024|investorplace.com
Trouble-Proof Dividend Darlings: 7 Stocks That Keep Paying No Matter What
March 11, 2024|fool.com
Should Passive Income Investors Buy Walmart Stock Instead of Target Stock?
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March 11, 2024|americanbankingnews.com
Q1 2025 EPS Estimates for Target Co. Increased by Roth Capital (NYSE:TGT)
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
- 3/17/2024
- Next Earnings (Estimated)
- 5/15/2024
- Fiscal Year End
- 1/31/2025
Get Stock Alerts
Industry, Sector and Symbol
- Stock Exchange
- NYSE
- Sector
- Retail/Wholesale
- Industry
- Variety stores
- Sub-Industry
- General Merchandise Stores
- Current Symbol
- NYSE:TGT
- CUSIP
- 87612E10
- CIK
- 27419
- Phone
- (612) 304-6073
- Fax
- 612-761-5555
- Employees
- 440,000
- Year Founded
- 1902
Price Target and Rating
- Average Stock Price Target
- $178.38
- High Stock Price Target
- $206.00
- Low Stock Price Target
- $134.00
- Potential Upside/Downside
- +8.6%
- Consensus Rating
- Moderate Buy
- Rating Score (0-4)
- 2.59
- Research Coverage
- 27 Analysts
Profitability
- EPS (Most Recent Fiscal Year)
- $8.93
- Trailing P/E Ratio
- 18.39
- Forward P/E Ratio
- 17.56
- P/E Growth
- 1.57
- Net Income
- $4.14 billion
- Net Margins
- 3.85%
- Pretax Margin
- 4.93%
- Return on Equity
- 33.41%
- Return on Assets
- 7.63%
Debt
- Debt-to-Equity Ratio
- 1.11
- Current Ratio
- 0.91
- Quick Ratio
- 0.29
Sales & Book Value
- Annual Sales
- $107.41 billion
- Price / Sales
- 0.71
- Cash Flow
- $14.81 per share
- Price / Cash Flow
- 11.09
- Book Value
- $29.09 per share
- Price / Book
- 5.65
Miscellaneous
- Outstanding Shares
- 461,660,000
- Free Float
- 460,600,000
- Market Cap
- $75.81 billion
- Optionable
- Optionable
- Beta
- 1.13
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Key Executives
- Mr. Brian C. Cornell (Age 65)
Chairman of the Board & CEO
Comp: $3.19M - Mr. Michael J. Fiddelke (Age 46)
Executive VP, COO & CFO
Comp: $1.21M - Mr. Don H. Liu (Age 62)
Executive VP, Chief Legal & Compliance Officer and Corporate Secretary
Comp: $1.04M - Ms. A. Christina Hennington (Age 48)
Executive VP & Chief Growth Officer
Comp: $1.21M - Mr. Matthew A. Liegel (Age 46)
Senior VP, Chief Accounting Officer & Controller - Mr. Brett R. Craig
Executive VP & Chief Information Officer - Mr. John Hulbert
Vice President of Investor Relations - Ms. Katie M. Boylan (Age 46)
Executive VP & Chief Communications Officer - Ms. Lisa Roath
Executive VP & Chief Marketing Officer - Ms. Melissa K. Kremer (Age 46)
Executive VP & Chief HR Officer
Key Competitors
- Dollar GeneralNYSE:DG
- Dollar TreeNASDAQ:DLTR
- MercadoLibreNASDAQ:MELI
- Chipotle Mexican GrillNYSE:CMG
- O'Reilly AutomotiveNASDAQ:ORLY
View All Competitors
Insiders & Institutions
- B. Riley Wealth Advisors Inc.
Sold 5,422 shares on 3/15/2024
Ownership: 0.002% - Melissa K Kremer
Sold 3,000 shares
Total: $495,150.00 ($165.05/share) - Leo Wealth LLC
Bought 2,547 shares on 3/14/2024
Ownership: 0.001% - Ables Iannone Moore & Associates Inc.
Bought 200 shares on 3/14/2024
Ownership: 0.000% - Spartan Planning & Wealth Management
Bought 372 shares on 3/12/2024
Ownership: 0.000%
View All Insider Transactions
View All Institutional Transactions
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 Wednesday, March 13, 2024 at 11:38 PM.
Pros
Here are some ways that investors could benefit from investing in Target Co.:
- Target Co. has been receiving positive ratings from Wall Street analysts, with a consensus rating of "Moderate Buy" and a high price target of $178.38, indicating strong growth potential.
- Recent insider selling activity, such as Brian C. Cornell selling shares at an average price of $167.52, could indicate confidence in the company's performance and future prospects.
- Target Co. operates as a general merchandise retailer in the United States, offering a wide range of products across various categories, which can provide diversified revenue streams and resilience in different market conditions.
- Institutional investors have been increasing their stakes in Target Co., with several hedge funds adding to their positions, suggesting confidence in the company's long-term growth prospects.
- Target Co. has a strong digital presence through Target.com, enabling it to reach a broader customer base and adapt to the evolving retail landscape, which is increasingly shifting towards online channels.
Cons
Investors should be bearish about investing in Target Co. for these reasons:
- While the stock has received positive ratings, there is always a level of risk associated with investing in the stock market, and fluctuations in the market could impact Target Co.'s stock price.
- Despite insider selling activity, investors should consider the potential implications of insiders divesting their shares, as it could signal various factors such as personal financial needs or a lack of confidence in the company's future performance.
- Target Co. operates in the retail industry, which is highly competitive and subject to changing consumer preferences, economic conditions, and technological advancements, posing challenges for sustained growth and profitability.
- While institutional investors have been increasing their stakes, investors should be cautious of herd mentality and consider conducting their own thorough analysis before making investment decisions.
- The retail sector is susceptible to macroeconomic factors, such as consumer spending trends, interest rates, and global economic conditions, which could impact Target Co.'s financial performance and stock price.
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 analysts have issued 1 year target prices for Target's stock. Their TGT share price targets range from $134.00 to $206.00. On average, they anticipate the company's stock price to reach $178.38 in the next twelve months. This suggests a possible upside of 8.6% 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 at the start of the year. Since then, TGT shares have increased by 15.3% and is now trading at $164.22. 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) issued its quarterly earnings results on Tuesday, March, 5th. The retailer reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.57. The retailer had revenue of $31.47 billion for the quarter, compared to the consensus estimate of $31.83 billion. Target had a trailing twelve-month return on equity of 33.41% and a net margin of 3.85%. The firm's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.89 EPS.
How often does Target pay dividends? What is the dividend yield for Target?
Target declared 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 annualized dividend and a dividend yield of 2.68%. 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 2.64%. 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 41.79% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TGT.What ETFs hold Target's stock?
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), , , 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).
What guidance has Target issued on next quarter's earnings?
Target issued an update on its FY 2024 earnings guidance on Wednesday, March, 6th. The company provided earnings per share (EPS) guidance of 8.600-9.600 for the period, compared to the consensus earnings per share 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), , Walt Disney (DIS), , 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 institutional and retail 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..
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