How to Buy Target Stock
Target Corp
Target is a discount store company located in Minnesota, United States, which is part of the Consumer Defensive sector, and is traded under the ticker TGT on the NYSE exchange.
Target stock last closed at $165.01, down 0.67% from the previous day, and has increased 1.42% in one year. It has underperformed other stocks in the Discount Stores industry by 0.11 percentage points. Target stock is currently +60.31% from its 52-week low of $102.93, and -9.27% from its 52-week high of $181.86.
At the moment, there are 461.69M shares of TGT outstanding. The market cap of TGT is $76.18B. In the past 24 hours, 4.92M TGT shares were traded.
How to Buy Target Stock
Wondering how to invest in Target stock? Here's how.
- Decide where to buy Target stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you choose where to buy Target stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Select your method of payment and add your info.
- Evaluate Target stock: The Target ticker symbol is TGT. Is Target stock a good investment? Should you buy shares of TGT? How do TGT's underlying business fundamentals look? Do top analysts think Target is a good buy? Why has TGT's stock price moved recently? (Hint: Our stock market research website can help you decide if TGT is a good stock to buy).
- Make your TGT buy order: Decide if you will purchase TGT shares at the current market price or use a limit order to purchase TGT shares at a given price.
- Get the latest news on your TGT investment: Create a watchlist to keep track of your position in Target shares.
Step 1: Decide where to buy Target stock
You need an online brokerage account in order to access the NYSE market and buy TGT shares.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen your brokerage, you'll need to fill out some personal info so you can invest in TGT stock today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to create your new trading account.
- Send your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've filled out your info on one of the best stock apps, you can securely and quickly fund your account:
Watch this video walkthrough if you need help transferring money into your investment account.
Step 4: Evaluate Target stock
After you have selected the best place to buy Target stock, it's important to research their stock before you invest, so you can wrap your head around the risk and opportunity.
Target quick stats
TGT Fundamentals
WallStreetZen was created to help everyday investors perform more accurate fundamental analysis in less time.
You can see all of the due diligence checks on TGT's stock page.
How is TGT stock valued?
Analysts use many financial metrics, analyses, models, and charts to gauge TGT's fair value.
Using relative valuations ratios:
- TGT could be undervalued based on its P/E ratio of 18.42x, relative to Discount Stores industry P/E ratio of 33.14x
- TGT may be undervalued based on its P/B ratio of 5.67x, relative to Discount Stores industry P/B ratio of 6.91x
- TGT may be undervalued based on its PEG ratio of 0.92x
You can access additional valuation analysis on TGT's stock here.
TGT Financial Health Summary
Passed Financial Due Diligence Checks:
- TGT profit margin has gone up from 2.5% to 3.9% in the past year.
- TGT's operating cash flow of $8.62B allows it to safely service it's debt of $19.32B.
- TGT earnings of $5.80B is not sufficient to cover its interest payments.
Failed Financial Due Diligence Checks:
- There are more short-term liabilities than short-term assets on the TGT balance sheet.
- Total TGT debt is higher than 5 years ago, relative to shareholder equity.
- TGT has a relatively high debt to equity ratio of 3.12.
- There are more long-term liabilities than short-term assets on the TGT balance sheet.
Is it a good time to buy TGT stock, according to Wall Street analysts?
Out of 26 Wall Street analysts who monitor TGT, the consensus analyst rating on TGT is a Buy
It's important to note that analyst ratings are not recommendations, nor are they financial advice.
Latest TGT Analyst Forecasts
Rupesh Parikh, a top 10% analyst from Oppenheimer reiterates TGT with a buy rating and raises their TGT price target from $170.00 to $200.00, on Mar 8, 2024.
Joe Feldman, a top 1% analyst from Telsey Advisory Group maintains TGT with a buy rating and raises their TGT price target from $160.00 to $195.00, on Mar 6, 2024.
Christopher Horvers, a top 8% analyst from JP Morgan maintains TGT with a hold rating and raises their TGT price target from $157.00 to $180.00, on Mar 6, 2024.
Robert Ohmes, a top 9% analyst from Bank of America maintains TGT with a strong buy rating and raises their TGT price target from $160.00 to $190.00, on Mar 6, 2024.
Michael Lasser, a top 6% analyst from UBS maintains TGT with a strong buy rating and raises their TGT price target from $174.00 to $191.00, on Mar 6, 2024.
UBS's Michael Lasser raised their price target on Target (NYSE: TGT) by 9.8% from $174 to $191 on 2024/03/06. The analyst maintained their Strong Buy rating on the stock.
Lasser's price target hike followed an assessment of Target's 2024/03/05-dated Q4 and FY 2023 earnings report and participation in the earnings call.
Considering the company's ongoing margin recapture and Q/Q sales growth, the analyst believes Target's Q4 performance and management's FY 2024 guidance prove its recovery is well underway.
Lasser told readers that UBS's bullish outlook on the stock is partly fueled by the company's plans to boost sales and profitability in the coming year.
Earnings Report
Target reported:
For Q4 2023:
- EPS of $2.98, which beat the Zacks Consensus Estimate of $2.41 and, by 57.7%, Q4 2022's $1.89.
- Revenue of $31.92B, which beat the Zacks Consensus Estimate of $31.84B and, by 1.7%, Q4 2022's $31.4B.
- Comparable sales change of (4.4)%, compared to Q4 2022's 0.7 %.
For FY 2023:
- EPS of $8.94, up 48.5% from FY 2022's $6.02.
- Comparable sales change of (3.7)% compared to FY 2022's 2.2 %.
Management guided:
For Q1 2024:
- EPS of $1.70 to $2.10, compared to $2.05 in Q1 2023.
- Comparable sales decline of 3% to 5%.
For FY 2024:
- EPS of $8.60 to $9.60.
- Comparable sales of flat to 2%.
Chairman & CEO Brian Cornell commented: "Our team's efforts changed the momentum of our business, further improving our sales and traffic trends in Q4 while driving profitability well ahead of expectation.
"Looking ahead, we'll continue to invest in the strengths and differentiators that have delivered strong financial performance over time.
"We'll also roll out fresh innovations, including our new Target Circle membership program, as part of our roadmap for growth aimed at meeting consumers where they are, reigniting sales, traffic and market share gains, and positioning Target for profitable growth in 2024 and beyond."
You can dive deeper into what analysts are saying on the Target stock forecast page.
Metrics for Advanced TGT Traders
Is TGT Growing Revenue?
Last year, TGT earnings were $4.14B. In the last five year, TGT's earnings have grown by 10.05% per year. This was slower than the Discount Stores industry average of 16.32%.
Last year, TGT revenue was $107.41B. During the last five year, TGT's revenue has increased by 7.35% per year. This was slower than the Discount Stores industry average of 7.35%.
You can analyze TGT's earnings and revenue performance here.
Are TGT executives and large shareholders buying or selling the stock?
Over the last year, insiders at TGT have sold more shares than they have bought.
Brian C. Cornell, Executive Officer of TGT, was the latest TGT insider to sell. They sold $4,097,115.00 worth of TGT shares on Apr 9, 2024.
Get more info about who owns TGT shares here.
Can I rely on TGT as an income stream?
Target pays a dividend of 2.65%, compared to the Discount Stores industry's average dividend yield of 1.91%. If you owned $1,000 worth of TGT stock, you would have been paid $26.54 in the past year.
Target dividend payments have consistently grown over the past decade and have remained stable.
Dig into more info about Target dividend yield and history here.
Get analysis from other investors
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
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Step 5: Make your TGT buy order
You have two main order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly fine. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact price limit, place a limit order.
Hit the Open Trade button and eToro will place your order.
If you want more help buying stocks on eToro, watch the how to video below:
Step 6: Get the latest news on your TGT investment
Now that you own some TGT stock, you'll want to stay up-to-date on your new shares.
Make a watchlist to track the latest developments regarding your TGT stock.
TGT Feed
How to Buy Stock in Target
To summarize, here are the 6 steps for buying Target stock:
- Decide where to buy Target stock
- Sign up for a brokerage account
- Fund your brokerage account
- Evaluate Target stock
- Make your TGT buy order
- Get the latest news on your TGT investment
If you require a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you want to track your new investment in Target, get started below.
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