Target is a large American retailer with more than 1,700 stores in 49 states. Target is a publicly owned company, and its stock is traded on the New York Stock Exchange under the symbol TGT. Target offers a direct purchase plan, in which company stock can be bought from Target's transfer agent. This option is available for both current and potential Target stockholders. A minimum transaction amount may apply to direct purchases..
Determine the current trading price of Target stock and decide how many shares you wish to purchase. Target's stock price is available at the Target website and from many online sources and search engines.
Enter the Target Direct Investment Program web page. This page is listed in the Resources section.
Complete the agreement to establish an account with the transfer agent. The transfer agent will manage the transaction.
Deliver the proper "good funds" to the transfer agent to cover the cost of shares you wish to purchase. Stock transactions are typically not executed until the agent collects the funds from your check or wire transfer. A transaction receipt will be issued to you.
Keep all transaction records for tax purposes.
Purchase of common stock entails some degree of financial risk. Speak with an investment adviser before making any investment decisions.
This article does not constitute an offer to buy or sell any securities.
- Purchase of common stock entails some degree of financial risk. Speak with an investment adviser before making any investment decisions.
- This article does not constitute an offer to buy or sell any securities.
Andrew Hazleton has been writing on a freelance basis for more than 20 years, and his work has appeared in national, regional and in-house publications. His work has appeared in "Sports Illustrated," "IEEE Spectrum," "Popular Photography" and several newspapers. Hazleton has a Bachelor of Science in engineering from Lehigh University and a master's degree in management from Pepperdine University.