TGT Target Corp Stock Price Quote NYSE:TGT

Earnings from the two big retailers showed different pictures of how the challengin… Jan Kniffen, J. Rogers Kniffen WWE CEO, joins CNBC’s ‘Squawk Box’ on Black Friday to discuss what to expect from the consumer this holiday season. WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. Target has TGT stock price a conensus rating of Moderate Buy which is based on 15 buy ratings, 7 hold ratings and 0 sell ratings. The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023. The P/E ratio of Target is 22.38, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 22.39.

  • 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.
  • This represents a $4.32 annualized dividend and a dividend yield of 2.64%.
  • In 2021, Target’s revenue was $106.01 billion, an increase of 13.30% compared to the previous year’s $93.56 billion.
  • Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
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The August breakout gap signaled a major change in character, generating strong gains into January Forex 2020. Curbside pickup service underpinned better-than-expected revenue, growing by more than 500%.

Target Corp TGT:NYSE

It also offers in-store amenities, consisting of Target Caf? For perspective, when Target provided that guidance in February, it told investors to expect full-year 2016 adjusted earnings per share of $5.20 to $5.40, up from $4.69 in fiscal 2016. But given Target’s ambitious efforts to return capital to shareholders through repurchases, in particular, it’s also no surprise the company would be able to reiterate its full-year earnings guidance. More concerning for long-term investors is whether Target will be able to fend off competitive pressure as more consumer traffic flows away from brick-and-mortar stores and toward online-centric retailers. Total comparable sales grew an impressive 20.7% overall, with 9.9% growth in physical stores and 155% growth in online sales. The company chose not to offer fourth quarter guidance due to uncertainty as a result of the COVID-19 pandemic. 27 Wall Street research analysts have issued "buy,” "hold,” and "sell” ratings for Target in the last year.

Target Corporation stock

The article Why Target, Corporation Stock Plunged Today originally appeared on Information is provided ‘as-is’ and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance Target Corporation stock on this data. A vastly improved search engine helps you find the latest on companies, business leaders, and news more easily. Target is in the Consumer Discretionary sector and Multiline Retail industry. Trading Hours- the days and hours in which the commodity is traded.

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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.

Target Corporation stock

Target is home to the eighth-largest retail chain in the U.S., with over 350,000 employees in the U.S. and abroad. And with more than 1,900 locations in all 50 states and Washington, D.C., 75% of the U.S. population lives within 10 miles of a Target store, known for selling a variety of food, household goods, clothing, and electronics. The retailer saw its business climb significantly in 2020, when Americans flocked dotbig to discount stores like Target to stock up on essentials like toilet paper and hand sanitizer. In 2021, the company has seen that growth continue as people’s spending shifted away from emergency stockpiling to a focus on more fun and more normal consumer behavior. Deutsche Bank cut the price target on Target Corporation TGT from $183 to $144. Deutsche Bank analyst Paul Trussell downgraded the stock from Buy to Hold.

As of March 09, 2022, the company operated approximately 2,000 stores. Target Corporation was incorporated in 1902 and is headquartered in Minneapolis, Minnesota. It also provides in-store amenities, such as Target Café, Target Optical, Starbucks, and other food service offerings.

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This makes it worthwhile to examine what the stock has in store.

Analyst Coverage

The revenue earned from advertising enables us to provide the quality content you are trying to reach on this website. In order to view this page, please disable AdBlock or purchase Premium. It is no surprise that the combined weight of elevated inflation, rising interest rates and uncertainty about the economy have forced consumers to change their spending behavior. Dana Telsey, CEO and chief research officer of Telsey Advisory Group, joins CNBC’s ‘Squawk Box’ to discuss what to expect from the consumer this Black Friday.

Of the last four earnings reports from Target Corporation, there were 1 positive earnings surprise and 3 negative earnings surprise. The company has EPS estimate of $2.14 for the next earnings report. Given how the retailer’s buyers are blocked from acquiring all the goods they need to stock store shelves, the coming year may not be much better. Provide specific products and services to you, such as portfolio management or data aggregation. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The overall Q3 earnings picture for the retail sector has improved somewhat from the prior quarter. On this news, Target’s stock fell $3.69, or 2.3%, to close at $155.98 per share on June 7, 2022.

Quotes displayed in real-time or delayed by at least 15 minutes. Overall, this stock passed 15/38 due dilligence checks and has strong fundamentals, according to our automated analysis. Value of one options unit-a measure of one basis point change in the options price. Value of one futures unit-a measure of one basis point change Target Corporation stock in the futures price. A rebound refers to a recovery from prior negative economic or financial activity. For a security, a rebound means that it has moved higher from a lower price. A neckline is a support or resistance level found on a head and shoulders pattern used by traders to determine strategic areas to place orders.

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. As the most important shopping period of the year approaches, some investors are betting shares of beaten-down consumer stocks will benefit if inflation keeps falling and retail sales stay strong.