Target Future Growth

Future criteria checks 1/6

Target is forecast to grow earnings and revenue by 4.6% and 2.7% per annum respectively. EPS is expected to grow by 5.8% per annum. Return on equity is forecast to be 24.3% in 3 years.

Key information

4.6%

Earnings growth rate

5.8%

EPS growth rate

Consumer Retailing earnings growth	15.7%
Revenue growth rate	2.7%
Future return on equity	24.3%
Analyst coverage	Good
Last updated	21 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

BVL:TGT - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
1/31/2027	112,729	4,564	3,959	8,820	24
1/31/2026	108,969	4,313	3,661	7,803	32
1/31/2025	105,920	4,044	4,196	7,315	30
11/2/2024	107,570	4,370	4,545	7,367	N/A
8/3/2024	107,300	4,487	5,268	8,562	N/A
5/4/2024	106,621	4,130	4,582	8,457	N/A
2/3/2024	107,412	4,138	3,815	8,621	N/A
10/28/2023	106,888	3,632	3,641	8,798	N/A
7/29/2023	108,008	3,373	1,633	7,463	N/A
4/29/2023	109,272	2,721	496	6,677	N/A
1/28/2023	109,120	2,780	-1,510	4,018	N/A
10/29/2022	108,721	3,448	-1,804	3,580	N/A
7/30/2022	107,855	4,224	427	5,156	N/A
4/30/2022	106,978	5,858	2,136	6,092	N/A
1/29/2022	106,005	6,946	5,081	8,625	N/A
10/30/2021	103,348	6,782	5,955	9,078	N/A
7/31/2021	100,328	6,308	6,258	8,831	N/A
5/1/2021	98,143	6,181	7,942	10,380	N/A
1/30/2021	93,561	4,368	7,876	10,525	N/A
10/31/2020	88,621	3,821	7,369	10,002	N/A
8/1/2020	84,653	3,513	6,374	9,421	N/A
5/2/2020	80,100	2,761	4,955	8,078	N/A
2/1/2020	78,112	3,269	4,090	7,117	N/A
11/2/2019	77,690	3,234	3,462	6,508	N/A
8/3/2019	76,847	3,144	3,007	6,061	N/A
5/4/2019	76,202	3,005	2,438	5,782	N/A
2/2/2019	75,356	2,930	2,457	5,973	N/A
11/3/2018	75,362	3,220	2,707	6,064	N/A
8/4/2018	74,415	3,079	N/A	6,733	N/A
5/5/2018	73,272	2,950	N/A	6,144	N/A
2/3/2018	72,714	2,908	N/A	6,935	N/A
10/28/2017	70,421	2,642	N/A	7,050	N/A
7/29/2017	69,988	2,775	N/A	6,874	N/A
4/29/2017	69,522	2,730	N/A	6,494	N/A
1/28/2017	70,271	2,666	N/A	5,444	N/A
10/29/2016	70,431	3,268	N/A	5,000	N/A
7/30/2016	71,603	3,136	N/A	4,583	N/A
4/30/2016	72,862	3,284	N/A	4,594	N/A
1/30/2016	73,785	3,321	N/A	5,958	N/A
10/31/2015	73,909	2,860	N/A	6,228	N/A
8/1/2015	73,550	2,911	N/A	5,788	N/A
5/2/2015	73,080	2,529	N/A	5,530	N/A
1/31/2015	72,618	2,449	N/A	4,465	N/A
11/1/2014	71,066	2,732	N/A	3,817	N/A
8/2/2014	71,070	2,546	N/A	3,925	N/A
5/3/2014	71,230	2,767	N/A	3,810	N/A
2/1/2014	71,279	2,694	N/A	6,520	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TGT's forecast earnings growth (4.6% per year) is below the savings rate (8.7%).

Earnings vs Market: TGT's earnings (4.6% per year) are forecast to grow slower than the PE market (10.1% per year).

High Growth Earnings: TGT's earnings are forecast to grow, but not significantly.

Revenue vs Market: TGT's revenue (2.7% per year) is forecast to grow slower than the PE market (4% per year).

High Growth Revenue: TGT's revenue (2.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TGT's Return on Equity is forecast to be high in 3 years time (24.3%)

Target Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Target Corporation Provides Earnings Guidance for the Second Quarter of 2024 and Reaffirms Earnings Guidance for the Full Year of 2024

Target Corporation Provides Earnings Guidance for the First Quarter and Full Year 2024

Target Corporation Provides Earnings Guidance for the Fourth Quarter of 2023

Target Corporation Provides Earnings Guidance for the Third Quarter 2023

Target Corporation Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal 2023

Recent updates

Third quarter 2025 earnings released: EPS: US$1.86 (vs US$2.10 in 3Q 2024)

New major risk - Share price stability

Investor sentiment deteriorates as stock falls 20%

Upcoming dividend of US$1.12 per share

Insufficient new directors

Second quarter dividend of US$1.12 announced

Target Corporation Announces Chief Financial Officer Changes

Target Corporation Declares Regular Quarterly Dividend, Payable December 10, 2024

Chairman of the Board & CEO recently sold US$7.1m worth of stock

Second quarter 2025 earnings released: EPS: US$2.58 (vs US$1.81 in 2Q 2024)

Upcoming dividend of US$1.12 per share

Target Names Amy Tu Chief Legal and Compliance Officer, Effective August 25, 2024

Target Corporation(NYSE:TGT) dropped from Russell 3000 Growth Index

Target Corporation Announces Executive Changes

Target Corporation Announces Plans to Roll Out A New Generative Artificial Intelligence (GenAI) Tool to Team Members At All of Its Nearly 2,000 Stores by August

Investor sentiment deteriorates as stock falls 19%

Chairman of the Board & CEO recently sold US$6.8m worth of stock

Target Corporation Provides Earnings Guidance for the Second Quarter of 2024 and Reaffirms Earnings Guidance for the Full Year of 2024

First quarter 2025 earnings released: EPS: US$2.04 (vs US$2.06 in 1Q 2024)

Upcoming dividend of US$1.10 per share

Target Corporation, Annual General Meeting, Jun 12, 2024

Fourth quarter dividend of US$1.10 announced

Target Corporation Declares Regular Quarterly Dividend, Payable on June 10, 2024

Wisner Baum Files Multiple Class Actions Alleging Several Companies Sold Benzoyl Peroxide Acne Products Without Warning Consumers That They Contain Unsafe Levels of Benzene, a Potent Human Carcinogen

Executive VP recently sold US$3.6m worth of stock

Full year 2024 earnings released: EPS: US$8.97 (vs US$6.02 in FY 2023)

Target Corporation Provides Earnings Guidance for the First Quarter and Full Year 2024

Target Corporation to Report Q4, 2024 Results on Mar 05, 2024

Target Corporation Introduces New Brand, Dealworthy, Featuring Low Prices on Everyday Basics

Upcoming dividend of US$1.10 per share at 2.9% yield

Target Corporation Introduces More Than 1,000 New Products to Support Guests on Their Wellness Journey

Third quarter dividend of US$1.10 announced

Target Corporation Announces Executive Changes

Target Corporation Declares Regular Quarterly Dividend, Payable on March 10, 2024

Investor sentiment improves as stock rises 26%

Robbins Geller Rudman & Dowd LLP and Aqualaw PLC Reaches Settlements in Class Action with Costco Wholesale Corporation, CVS Health Corporation, The Procter & Gamble Company, Target Corporation, Walgreen Co. and Walmart Inc

Target Announces Easy, Affordable Holiday Meal for Under $25

Executive VP recently sold US$2.1m worth of stock

Target Corporation Provides Earnings Guidance for the Fourth Quarter of 2023

Third quarter 2024 earnings released: EPS: US$2.10 (vs US$1.55 in 3Q 2023)

Upcoming dividend of US$1.10 per share at 4.0% yield

John J. Mulligan Retires as Chief Operating Officer of Target Corporation

Investor sentiment deteriorates as stock falls 17%

Target Corporation to Offer Thousands of New, Affordable Toys Under $25 for the Holiday Season

Target Corporation Declares Quarterly Dividend, Payable on December 10, 2023

Target Corporation Increases Quarterly Dividend, Payable on December 10, 2023

Chairman of the Board & CEO recently sold US$3.9m worth of stock

Target Corporation Provides Earnings Guidance for the Third Quarter 2023

Second quarter 2024 earnings released: EPS: US$1.81 (vs US$0.40 in 2Q 2023)

Second quarter 2024 earnings released: EPS: US$1.81 (vs US$0.40 in 2Q 2023)

Upcoming dividend of US$1.10 per share at 3.3% yield

New minor risk - Share price stability

Target Names Lisa Roath as Executive Vice President and Chief Marketing Officer

Target Corporation Increases Quarterly Dividend, Payable on Sept. 10, 2023

Senior VP recently sold US$235k worth of stock

Target Corporation Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal 2023

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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