Target (TGT) Reports $25B Q3 Revenue with 4.7% Dividend Yield
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
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Source: Fool
- Revenue Performance: Target generated $25 billion in revenue during Q3, reflecting a 1.5% year-over-year decline, yet it underscores the company's robust foundation as a major U.S. retailer, indicating resilience amid shifting consumer trends.
- Dividend Stability: With a trailing twelve-month dividend payout ratio of approximately 50%, Target's over fifty years of dividend increases highlight its ability to maintain shareholder returns even during challenging times, reinforcing investor confidence.
- Management Changes: The board's recent appointment of a new CEO and the establishment of a dedicated team to drive turnaround efforts demonstrate Target's commitment to addressing operational challenges and restoring growth amidst current market pressures.
- Market Strategy Adjustment: In response to changing consumer buying habits, Target plans to adjust its market strategy; while its upscale image may impact short-term sales, there is potential for consumers to return seeking a more desirable shopping experience in the long run.
TGT
$99.065+Infinity%1D
Analyst Views on TGT
Wall Street analysts forecast TGT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TGT is 101.75 USD with a low forecast of 80.00 USD and a high forecast of 130.00 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.
22 Analyst Rating
7 Buy
11 Hold
4 Sell
Hold
Current: 96.530
Low
80.00
Averages
101.75
High
130.00
Current: 96.530
Low
80.00
Averages
101.75
High
130.00
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.
