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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 $141.16, down 2.43% from the previous day, and has increased 5.95% in one year. It has underperformed other stocks in the Discount Stores industry by 0.21 percentage points. Target stock is currently +37.14% from its 52-week low of $102.93, and -22.38% from its 52-week high of $181.86.

At the moment, there are 462.64M shares of TGT outstanding. The market cap of TGT is $65.31B. In the past 24 hours, 4.96M TGT shares were traded.

How to Buy Target Stock

Wondering how to invest in Target stock? Here's how.
  1. 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.
  2. Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Fund your brokerage account: Select your method of payment and add your info.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that enables you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 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.

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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.

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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 Price
$141.16
1w %
-3.32%
1y %
5.95%
5y %
60.79%
P/E
15.79x
P/B
4.72x
P/S
0.61x
PEG
1.79x
Revenue
$106.62B
Earnings
$4.13B
Fore. Rev. Growth
2.56%
Fore. Earn. Growth
8.81%
Market Cap
$65.31B
Next Earnings
Aug 14, 2024
Next Dividend
Sep 10, 2024

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 15.79x, relative to Discount Stores industry P/E ratio of 35x
  • TGT may be undervalued based on its P/B ratio of 4.72x, relative to Discount Stores industry P/B ratio of 7.79x
  • TGT may be overvalued based on its PEG ratio of 1.79x

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 $8.46B allows it to safely service it's debt of $19.49B.
  • TGT earnings of $5.77B 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 2.98.
  • 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 27 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

Kelly Bania, a top 13% analyst from BMO Capital maintains TGT with a hold rating and lowers their TGT price target from $170.00 to $155.00, on May 23, 2024.

Bill Kirk, a bottom 8% analyst from Roth MKM reiterates TGT with a hold rating and maintains their TGT price target from $153.00 to $153.00, on May 23, 2024.

Scot Ciccarelli, a top 5% analyst from Truist Securities maintains TGT with a hold rating and lowers their TGT price target from $160.00 to $153.00, on May 23, 2024.

Simeon Gutman, a bottom 2% analyst from Morgan Stanley maintains TGT with a strong buy rating and lowers their TGT price target from $190.00 to $180.00, on May 23, 2024.

Joe Feldman, a top 1% analyst from Telsey Advisory Group maintains TGT with a buy rating and lowers their TGT price target from $195.00 to $190.00, on May 23, 2024.

Telsey Advisory Group's Joe Feldman lowered their price target on Target (NYSE: TGT) by 2.6% from $195 to $190 on 2024/05/23. The analyst maintained their Buy rating on the stock.

Target reported its Q1 2024 earnings on 2024/05/22.

Feldman characterized Target's Q1 results as "mixed, highlighted by a slight EPS miss."

Q1's performance reflects ongoing weakness in discretionary categories as well as softening trends in frequency categories, the analyst detailed.

Nevertheless. Feldman predicted that "Target's profitability should remain healthy as it benefits from margin recovery and productivity initiatives."

Earnings Report

For Q1 2024, Target reported:

  • EPS of $2.03, which missed the Zacks Consensus Estimate and Q1 2023, both $2.05, by 0.98%.
  • Revenue of $24.531B, which beat the Zacks Consensus Estimate of $24.517B, but missed Q1 2023's $25.322B by 3.1%.
  • Comparable sales down 3.7% Y/Y.

Management guided:

For Q2 2024:

  • EPS of $1.95 to $2.35, compared with Q1 2023's $1.80.
  • Comparable sales flat to up 2%.

For FY 2024:

  • EPS of $8.60 to $9.60, compared with FY 2023's $8.94.
  • Comparable sales flat to up 2%.

Chair & CEO Brian Cornell commented: "Our Q1 financial performance was in line with our expectations on both the top and bottom line, tracking the trajectory we outlined for this year and setting up a return to growth in Q2.

"Our topline performance improved for the third consecutive quarter, with growth in our digital business led by strength in our same-day fulfillment services.

"Consumers continue to respond to the newness and value that we offer across our shopping experience, and we're pleased with early results from the relaunch of Target Circle.

"Looking ahead, our team will deliver for our guests through lower prices, a seasonally relevant assortment, ease and convenience, as we keep investing in our strategy and efficiency initiatives to get back to growth and deliver on our longer-term financial goals."

You can dive deeper into what analysts are saying on the Target stock forecast page.

Metrics for Advanced TGT Traders

SMA10
146.94
SMA20
148.79
SMA50
157.9
SMA100
157.65
SMA200
141
MACD
-3.82
MACD Signal
-3.6
MACD Histogram
-0.21
RSI
33.97
Stochastic %K
17.2
Stochastic %D
27.76
StochRSI %K
35.75
StochRSI %D
50.65

Is TGT Growing Revenue?

Last year, TGT earnings were $4.13B. In the last five year, TGT's earnings have grown by 9.23% per year. This was slower than the Discount Stores industry average of 16.08%.

Last year, TGT revenue was $106.62B. During the last five year, TGT's revenue has increased by 6.95% per year. This was slower than the Discount Stores industry average of 7.5%.

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 $6,811,245.00 worth of TGT shares on Jun 4, 2024.

Get more info about who owns TGT shares here.

Can I rely on TGT as an income stream?

Target pays a dividend of 3.12%, compared to the Discount Stores industry's average dividend yield of 2.2%. If you owned $1,000 worth of TGT stock, you would have been paid $31.17 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.

Click below to learn what other investors have to say.

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.

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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:

  1. Decide where to buy Target stock
  2. Sign up for a brokerage account
  3. Fund your brokerage account
  4. Evaluate Target stock
  5. Make your TGT buy order
  6. Get the latest news on your TGT investment

If you require a brokerage account, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to track your new investment in Target, get started below.

NYSE: TGT
$141.16-3.52 (-2.43%)
Updated Jun 14, 2024
Open eToro Account
NYSE: TGT
$141.16-3.52 (-2.43%)
Updated Jun 14, 2024
Open eToro Account

FAQ

How much does it cost to buy one Target share?

As of Jun 14, 2024, it costs $141.16 to buy one share of Target stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.071 shares of TGT.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Target stock?

According to 27 Wall Street analysts who monitor Target, their consensus recommendation is to buy Target stock.

What is the best way to buy Target stock?

One way to place an order for Target stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

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 on this data.