MINNEAPOLIS - Target Corporation (NYSE: TGT) has announced the declaration of a quarterly dividend of $1.12 per common share, representing a 3.97% yield at current prices, continuing its long-standing practice of returning value to its shareholders. According to InvestingPro analysis, the stock is currently trading near its 52-week low of $111.84, suggesting potential value opportunity. The dividend is scheduled to be paid on June 1, 2025, to shareholders on record as of May 14, 2025.
This upcoming dividend marks the 231st consecutive payout by the retail giant since it went public in October 1967. Target has not only maintained dividend payments for 55 consecutive years but has also raised its dividend for 54 straight years, demonstrating an exceptional commitment to growing shareholder returns.
Target, headquartered in Minneapolis, operates close to 2,000 stores across the United States and manages an online platform, Target.com. With a market capitalization of $51.37 billion and annual revenue of $106.57 billion, the retail giant maintains a strong market presence. The company emphasizes its mission to enhance the joy of everyday life for families. In line with its community-focused values, Target has a long history of philanthropy, allocating 5% of its profits to local communities, which currently translates to millions of dollars each week.
The news of the dividend comes as part of Target’s regular updates to its investors and the public, providing insights into the company’s financial stewardship and its strategies for growth and community engagement. Trading at an attractive P/E ratio of 12.79, this consistent dividend payment is a testament to Target’s financial health and its dedication to delivering shareholder value. For deeper insights into Target’s valuation and growth prospects, investors can access comprehensive analysis through InvestingPro, which offers exclusive financial metrics and expert research reports.
This information is based on a press release statement from Target Corporation.
In other recent news, Target Corporation has seen a series of adjustments in its stock price targets by various financial firms. UBS has reduced its price target for Target to $155 while maintaining a Buy rating, citing fluctuating demand trends and the company’s proactive measures to improve operations. CFRA also lowered its price target to $147 but kept a Buy rating, noting the valuation gap compared to peers like Walmart and Costco, and highlighting Target’s growth potential through initiatives like expanding its digital advertising arm and opening new stores. RBC Capital Markets adjusted its price target to $151, maintaining an Outperform rating, acknowledging economic pressures but recognizing Target’s margin management efforts.
Meanwhile, BMO Capital Markets has kept its price target steady at $120 with a Market Perform rating, reflecting a cautious outlook due to uncertainties like tariffs and a lack of quarterly guidance. Truist Securities has lowered its price target to $124, maintaining a Hold rating, following Target’s fourth-quarter earnings report which matched expectations but indicated a slower start to the first quarter. These developments underscore the varied perspectives among analysts regarding Target’s financial trajectory and strategic initiatives.
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