Target (TGT) Declares $1.14 Quarterly Dividend with 4.3% Yield
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Dividend Declaration: Target has declared a quarterly dividend of $1.14 per share, consistent with previous payouts, demonstrating the company's ongoing ability to maintain stable cash flow despite competitive market pressures.
- Yield Information: The forward yield of 4.3% provides investors with a relatively attractive return, even as the overall retail environment remains challenging and competitive.
- Payment Schedule: The dividend will be payable on March 1, with a record date of February 11 and an ex-dividend date also set for February 11, ensuring shareholders receive their returns in a timely manner.
- Market Reaction: Despite facing competitive pressures from Amazon and other market challenges, analysts remain optimistic about Target's strong retail platform, suggesting that temporary headwinds will not undermine its long-term growth potential.
Analyst Views on TGT
Wall Street analysts forecast TGT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TGT is 98.83 USD with a low forecast of 80.00 USD and a high forecast of 126.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
26 Analyst Rating
8 Buy
14 Hold
4 Sell
Hold
Current: 109.340
Low
80.00
Averages
98.83
High
126.00
Current: 109.340
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, everyday essentials and fashionable, differentiated merchandise at discounted prices. The majority of its stores offer a wide assortment of general merchandise and food. Its merchandise categories include apparel and accessories, beauty and household essentials, food and beverage, hardlines, and home furnishings and decor. Most of its stores are larger than 170,000 square feet, offer a variety of general merchandise and a full line of food items comparable to traditional supermarkets. Its digital channels include a wide merchandise and food assortment, including many items found in its stores, along with a complementary assortment sold by the Company and third parties. Its brands include A New Day, Ava & Viv, Cloud Island, Favorite Day, and others. It serves guests at nearly 2,000 stores and at Target.com.
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.
