Approximately 25,000 Shares Of Target Corporation (TGT) Were Sold By This Insider.

Target Corporation (NYSE:TGT) trading with an addition of $3.76 to $240.51 on Thursday, an upside of 1.59 percent. An average of 2,166,877 shares of common stock have been traded in the last five days. There was a gain of $10.08 in the past week, and it reached a new high 63 times over the past 12 months. The last 20 days have seen an average of 2,738,679 shares traded, while the 50-day average volume stands at 2,976,942.

TGT stock has decreased by -2.27% in the last month. The company shares reached their 1-month lowest point of $222.88 on 10/04/21. With the stock rallying to its 52-week high on 08/11/21, shares of the company touched a low of $150.80 and a high of $267.06 in 52 weeks. It has reached a new high 53 times so far this year and achieved 34.11% or $63.37 in price. In spite of this, the price is down -9.94% from the 52-week high.

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Insider Transactions

42 days have passed since Target Corporation (TGT) last reported insider trading activity. Cornell Brian C, who is Executive Officer, most recently acquired $25,000 shares at $245.98 per share on Sep 02. In this transaction, the insider spent $6,149,467. Executive Officer, Mulligan John J, disposed of 80,782 shares at a price of $247.20 on Aug 19. The insider now owns more than $19,969,553 worth of shares. Prior to that, Executive Officer LIU DON H went on to Sale 3,000 shares at $261.93 each on Aug 06. An amount of $785,790 was transacted.

Valuation Metrics

Target Corporation (TGT) has a trailing price-to-earnings (P/E) ratio of 18.86, which compares with the 17.20 for the broader industry and 24.68 for the sector. In the last five years, Target Corporation’s PE ratio has ranged between 26.37 and 10.17. The stock’s beta is 1.00. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.16, the price-to-book (PB) ratio at 7.86, and the price-to-cash flow ratio at 23.67.

Target Corporation pays a $3.60 dividend per share annually. It offers a dividend yield of 1.50%. The company has a payout ratio of 21.50%. The company’s most recent quarterly dividend payment was $0.90 a share, without any change from last year. Its dividend has been increased for the last 50 consecutive years with the latest increase dividend $0.22 reported on Wednesday June 9 2021. Dividends have grown by -18.03% each year over the last three years.

Target Corporation will next go ex-dividend on 16-Nov-2021. The next dividend payment Target Corporation will make is expected to be $0.90.

The quick ratio of Target Corporation for the three months ended July 30 was 0.50, and the current ratio was 1.00, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.78 and a total debt to equity ratio of 0.86 for the quarter ending July 30. On the profitability front, the trailing 12-month gross margin is 30.20% against a 5-year average of 29.6%. Target Corporation’s EBITDA margin for the year ending July 30 is 9.95%, while its operating margin for the same period stands at 8.40%. Its gross profit as reported stood at $27.38 billion compared to revenue of $93.56 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Target Corporation’s return on assets was 12.40%, compared to 7.8% over the last five years. In the past year, the return on investment has been 17.90%, and the 5-year average is 14.8%. Meanwhile, the return on equity (ROE) for the past 12 months has been 43.80% and the 5-year average holds at 27.2%. For the broader industry, ROE averaged 11.26 over the past year.

Earnings Surprise

For the three-month period that ended July 30, Target Corporation had $11.59 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.82 billion in the quarter, while revenues of $2.1 billion were grew 6.99%. The analyst consensus anticipated Target Corporation’s latest quarter earnings to come in at $3.49 per share, but it turned out to be $3.64, a 4.30% surprise. For the quarter, EBITDA amounted to $3.1 billion. Shareholders own equity worth $488.04 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Target Corporation (TGT) price momentum. RSI 9-day as of the close on 13 October was 64.26%, suggesting the stock is Neutral, with historical volatility in this time frame at 17.02%.

As of today, TGT’s price is $232.90 +4.39% or $10.08 from its 5-day moving average. TGT is currently trading -2.85% lower than its 20-day SMA and +6.43% higher than its 100-day SMA. However, the stock’s current price level is -7.92% below the SMA50 and +37.05% above the SMA200.

The stochastic %K and %D were 63.37% and 45.02%, respectively, and the average true range (ATR) was 4.30. With the 14-day stochastic at 87.46% and the average true range at 4.24, the RSI (14) stands at 55.19%. The stock has reached 5.12 on the 9-day MACD Oscillator while the 14-day reading was at 4.23.

Analyst Ratings

UBS upgraded Target Corporation (NYSE: TGT) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a a Neutral.The consensus rating for Target Corporation (TGT) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell TGT, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 20 others rate it as a “buy”.

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

Analysts predict a range of price targets between $176.00 and $337.00, with a median target of $281.00. Taking a look at these predictions, the average price target given by analysts for Target Corporation (TGT) stock is $280.48.


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