Weekly Performance Analysis for Target Corporation (TGT)

Target Corporation (NYSE:TGT) saw an upside of 0.66% to close Tuesday at $230.24 after adding $1.52 on the day. The 5-day average trading volume is 2,262,400 shares of the company’s common stock. It has gained $231.72 in the past week. An average of 2,711,720 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,982,512.

TGT’s 1-month performance is -5.29% or -$14.30 on its low of $222.88 reached on 10/04/21. The company’s shares have touched a 52-week low of $150.80 and high of $267.06, with the stock’s rally to the 52-week high happening on 08/11/21. YTD, TGT has achieved 30.43% or $53.71. However, the current price is down -13.79%% from the 52-week high price.


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Insider Transactions

On Sep 02, 41 days have gone by since the last insider trading activity for Target Corporation (TGT). Cornell Brian C (Executive Officer) most recently sold 25,000 shares at $245.98 per share on Sep 02. This transaction cost the insider $6,149,467. Executive Officer, Mulligan John J, sold 80,782 shares at a price of $247.20 on Aug 19. Then, on Aug 06, Executive Officer LIU DON H sold 3,000 shares at a price of $261.93 per share. This transaction amounted to $785,790.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 26.37 and a low of 10.17. TGT stock has a beta of 1.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.12 while the price-to-book (PB) in the most recent quarter is 7.64, with the price to cash flow ratio at 23.02.

Target Corporation pays an annual dividend of $3.60 per share. Its dividend yield is 1.56% and the payout ratio is 21.50%. TGT paid $0.90 a share compared with prior rate of $0.90, down 0.0% from last year’s. The company has boosted its dividend for the last 50 consecutive years with the latest dividend increase of $0.22 reported on Wednesday June 9 2021. Measured over the last 3 years, the Dividend has been growing by -18.03% yearly.

It is projected that Target Corporation’s next ex-dividend date will be on 16-Nov-2021. TGT is expected to distribute $0.90 as its next dividend.

Target Corporation’s quick ratio for the period ended July 30 was 0.50, with the current ratio over the same period at 1.00 meaning that TGT stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.78, while the total debt to equity was 0.86. In terms of profitability, the gross margin trailing 12 months is 30.20%. The trailing 12-month EBITDA margin is 9.95% while for the period ending July 30; Target Corporation’s operating margin was 8.40%. The firm’s gross profit as reported stood at $27.38 billion against revenue of $93.56 billion.

Earnings Surprise

For the quarterly period ending July 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 8.68% to $25.16 billion, while revenue of $24.2 billion was 3.83% off the previous quarter. Analysts expected TGT to announce $3.49 per share in earnings in its latest quarter, but it posted $3.64, representing a 4.30% surprise. EBITDA for the quarter stood at more than $3.1 billion. TGT stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 36.52 billion, with total debt at $15.47 billion. Shareholders hold equity totaling $488.04 million

Technical Picture

Let’s look briefly at Target Corporation (TGT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 39.91% to suggest the stock is trending Neutral, with historical volatility in this time period at 18.86%.

The stock’s 5-day moving average is $228.90, reflecting a +1.18% or $2.68 change from its current price. TGT is currently trading -4.95% above its 20-day SMA, +3.81% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -10.50% and +31.42% respectively.

Stochastic %K and %D was 28.76% and 26.84% and the average true range (ATR) pointed at 4.03. The RSI (14) points at 37.36%, while the 14-day stochastic is at 33.03% with the period’s ATR at 4.07. The stock’s 9-day MACD Oscillator is pointing at 0.94 and -2.65 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Target Corporation (NYSE: TGT), UBS upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for TGT stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate TGT as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 20 have offered a “buy” rating.

What is TGT’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $176.00 and a high of $337.00, with their median price target at $281.00. Looking at these predictions, the average price target given by analysts is for Target Corporation (TGT) stock is $280.48.

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