Target: A Reliable Dividend Growth King
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: Fool
- Dividend Growth King: Target has raised its dividend for 54 consecutive years, establishing itself as a Dividend King that showcases stability across various economic conditions, with expectations to reach 55 years of dividend increases soon, appealing to income-seeking investors.
- High Dividend Yield: Currently, Target's dividend yield stands at 3.6%, which is relatively high among Dividend Kings; although its yield may not surpass some competitors, its dividend growth rate outpaces that of Coca-Cola, Procter & Gamble, and Walmart, indicating long-term investment value.
- New Strategic Implementation: The new CEO has outlined a growth strategy to tackle supply chain issues and inflationary pressures, focusing on improving merchandise assortment, revitalizing stores, and accelerating new technology adoption, aimed at enhancing overall performance and market competitiveness.
- Sales Growth Recovery: In the first quarter of fiscal 2026, Target reported a 6.7% year-over-year sales increase and a 5.6% rise in comparable sales, with adjusted earnings per share rising from $1.30 to $1.71, demonstrating positive progress in the company's recovery efforts.
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Analyst Views on TGT
Wall Street analysts forecast TGT stock price to fall
26 Analyst Rating
8 Buy
14 Hold
4 Sell
Hold
Current: 128.650
Low
80.00
Averages
98.83
High
126.00
Current: 128.650
Low
80.00
Averages
98.83
High
126.00
About TGT
Target Corporation is a general merchandise retailer selling products to its guests through its stores and digital channels. The Company offers customers, referred to as guests, differentiated merchandise and everyday essentials at discounted prices. The majority of its stores offer a wide assortment of general merchandise and groceries. Its merchandise categories include apparel and accessories, beauty, food and beverage, hardlines, home furnishings and decor, household essentials, and other merchandise sales. Most of its stores are larger than over 170,000 square feet, offer a variety of general merchandise and a full line of groceries comparable to traditional supermarkets. Its digital channels include merchandise assortment, including many items found in its stores, along with a complementary assortment sold by the Company and third parties through our Target Plus digital marketplace. Its brands include A New Day, All in Motion, Art Class, Auden, Ava & Viv, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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