Target (TGT) stock
Consumer Staples · Consumer Staples Merchandise Retail
Target (TGT) is a Consumer Staples Merchandise Retail company in the Consumer Staples sector, headquartered in Minneapolis, Minnesota. As of October 23, 2026, TGT closed at $152.76, a market capitalization of $69.40 billion, the 181st largest company in the S&P 500. Over the last twelve months it generated $107.70 billion in revenue (+5% year over year) and $4.46 billion in free cash flow. The stock trades at 15.9x trailing earnings and 16.0x forward earnings.
- 1-year total return: +68.6% (dividends reinvested)
- 5-year return: -7.0% a year
- 52-week range: $83.44 – $170.75
- Gross margin 28.4%, operating margin 6.0%
- Dividend yield: 3.04%, 42 straight years of increases
- FI Handbook report card: C+ across 10 metrics
- 11th largest of 34 Consumer Staples stocks in the S&P 500
TGT price chart
1Y price change: +62.1% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| TGT | -2.2% | +60.6% | +68.6% | +16.6% | -7.0% | +11.7% | +13.4% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1973.
TGT key statistics
- Market cap
- $69.4B
- #181 in S&P 500
- P/E (TTM)
- 15.9x
- Forward P/E
- 16.0x
- EPS (TTM)
- $9.63
- Revenue (TTM)
- $107.7B
- +5%
- Free cash flow
- $4.5B
- Gross margin
- 28.4%
- Operating margin
- 6.0%
- Return on equity
- 26.4%
- Dividend yield
- 3.04%
- 52-week range
- $83.44 – $170.75
- Beta
- 0.98
- Price / sales
- 0.6x
- EV / EBITDA
- 9.7x
- Debt / equity
- 1.08x
- Employees
- 400,000
TGT report card
C+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth5.3%C
- Gross margin28.4%C
- Operating margin6.0%D
- FCF margin4.1%D
- Return on equity26.4%A
- Net debt / EBITDA1.6xC
- Forward P/E16.0xB
- PEG ratio2.0xC
- Shareholder yield3.6%B
- Share count change / yr-2.1%A
Target financials
Revenue went from $70.3B in fiscal 2017 to $104.8B in fiscal 2026, growing 4.5% a year.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $70.3B | $72.7B | $75.4B | $78.1B | $93.6B | $106.0B | $109.1B | $107.4B | $106.6B | $104.8B |
| Gross profit | $20.4B | $20.8B | $22.1B | $23.2B | $27.4B | $31.0B | $26.8B | $29.6B | $30.1B | $29.3B |
| Operating income | $4.9B | $4.2B | $4.1B | $4.7B | $6.5B | $8.9B | $3.8B | $5.7B | $5.6B | $5.1B |
| Net income | — | — | — | — | $4.4B | $6.9B | $2.8B | $4.1B | $4.1B | $3.7B |
| EPS (diluted) | $4.69 | $5.29 | $5.51 | $6.36 | $8.64 | $14.10 | $5.98 | $8.94 | $8.86 | $8.13 |
| Free cash flow | $3.9B | $4.4B | $2.5B | $4.1B | $7.9B | $5.1B | -$1.5B | $3.8B | $4.5B | $2.8B |
| Buybacks | $3.7B | $1.0B | $2.1B | $1.6B | $745.0M | $7.2B | $2.6B | $0 | $1.0B | $408.0M |
| Dividends paid | $1.3B | $1.3B | $1.3B | $1.3B | $1.3B | $1.5B | $1.8B | $2.0B | $2.0B | $2.1B |
| Diluted shares | 582.5M | 550.3M | 533.2M | 515.6M | 505.4M | 492.7M | 464.7M | 462.8M | 461.8M | 455.6M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into TGT?
A reverse DCF asks what growth the current price requires. With an enterprise value of $83.2B and $4.5B of trailing free cash flow, Target needs to grow free cash flow about 8.8% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew -18.5% a year over the last five years.
P/E ratio history
Current 18.8x vs. median 15.3x (10th–90th percentile 11.6x–24.1x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
TGT dividend
- Dividend yield
- 3.04%
- Annual dividend
- $4.64
- Years of increases
- 42
- 5-yr dividend growth
- 11.0%
- per year
- Payout ratio
- 47%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
TGT analyst price targets
34 analysts' average 12-month target is $163.35 (+7% vs. $152.76). Targets range from $128.00 to $190.00. 34% rate it a buy.
TGT earnings
Next report: November 18, 2026. Target has beaten EPS estimates 5 quarters in a row. Last quarter's revenue was $26.5B (+5% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 19, 2026 | $2.34 | $4.11 | +75.8% |
| May 20, 2026 | $1.46 | $1.71 | +17.3% |
| Mar 3, 2026 | $2.16 | $2.44 | +13.0% |
| Nov 19, 2025 | $1.71 | $1.78 | +4.1% |
| Aug 20, 2025 | $2.03 | $2.05 | +0.8% |
| May 21, 2025 | $1.65 | $1.30 | -21.3% |
| Mar 4, 2025 | $2.25 | $2.41 | +7.0% |
| Nov 20, 2024 | $2.30 | $1.85 | -19.6% |
Stocks like TGT
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|---|---|---|---|---|---|
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TGT news
- Why Buying 27 Grocery Staples at Target Made Me Rethink My Shopping Strategy · Oct 24, 2026
- Vital Farms Introduces a Higher Standard for Free-Range Eggs Through Limited Pilot at Select Target Retail Stores · Oct 23, 2026
- Target Corporation (TGT) Is a Trending Stock: Facts to Know Before Betting on It · Oct 23, 2026
- This Dividend King Yielding 3X the S&P 500 Looks Like a Buy Right Now. · Oct 23, 2026
- Target (TGT) Unveiled A New Manhattan Flagship Level · Oct 23, 2026
TGT stock FAQ
What is TGT's market cap?
Target's market capitalization is $69.40 billion as of October 23, 2026, ranking 181st in the S&P 500.
What is TGT's P/E ratio?
TGT trades at a trailing price-to-earnings ratio of 15.9x and a forward P/E of 16.0x. Its median P/E over the period we track is 15.3x.
Does TGT pay a dividend?
Yes. Target pays $4.64 per share a year, a 3.04% yield. It has raised its dividend 42 years in a row. Dividends grew 11.0% a year over the last five years.
How much has TGT stock returned?
Including reinvested dividends, TGT returned +68.6% over one year, -7.0% a year over five years, +11.7% a year over ten years through October 23, 2026.
Is TGT stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Target must grow free cash flow about 9% a year for the next decade. Its free cash flow fell 18% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the TGT price target?
34 analysts cover TGT with an average 12-month price target of $163.35, +7% from the current price. 34% of them rate it a buy.
When does TGT report earnings?
Target is expected to report earnings on November 18, 2026. It has beaten EPS estimates 5 quarters in a row.
How many employees does Target have?
Target has about 400,000 full-time employees, or $269,262 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology