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 $156.16, up 4.2% from the previous day, and has increased 19.27% in one year. It has underperformed other stocks in the Discount Stores industry by 0.07 percentage points. Target stock is currently +51.71% from its 52-week low of $102.93, and -14.13% 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 $72.25B. In the past 24 hours, 7.49M 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 17.47x, relative to Discount Stores industry P/E ratio of 37.31x
- TGT may be undervalued based on its P/B ratio of 5.22x, relative to Discount Stores industry P/B ratio of 7.57x
- TGT may be undervalued based on its PEG ratio of 0.87x
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 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
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 4% 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."
Greg Melich, a top 17% analyst from Evercore ISI Group maintains TGT with a hold rating and lowers their TGT price target from $183.00 to $180.00, on Apr 16, 2024.
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 $4.13B. 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 16.38%.
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 7.29%.
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 2.82%, compared to the Discount Stores industry's average dividend yield of 2.11%. If you owned $1,000 worth of TGT stock, you would have been paid $28.18 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.
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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