Is It Worthwhile For Investors To Follow These Insider Trades On Target Corporation (TGT)?

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KOSK
KOSK

Target Corporation (NYSE:TGT) finished Wednesday with a subtraction of -$1.0 to close at $159.03, a downside of -0.62 percent. An average of 3,237,820 shares of common stock have been traded in the last five days. There was a fall of -$6.35 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 3,535,185 shares traded, while the 50-day average volume stands at 3,874,384.

TGT stock has decreased by -1.81% in the last month. The company shares reached their 1-month lowest point of $157.18 on 08/30/22. With the stock rallying to its 52-week high on 04/21/22, shares of the company touched a low of $137.16 and a high of $268.98 in 52 weeks. It has reached a new high 8 times so far this year and lost -31.29% or -$72.41 in price. In spite of this, the price is down -40.88% from the 52-week high.


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Insider Transactions

8 days have passed since Target Corporation (TGT) last reported insider trading activity. Mulligan John J, who is Executive Officer, most recently acquired $39,101 shares at $166.02 per share on Sep 14. In this transaction, the insider spent $6,491,609. Chief Accounting Officer, LIEGEL MATTHEW A, disposed of 1,226 shares at a price of $173.80 on Aug 18. The insider now owns more than $213,084 worth of shares. Prior to that, Executive Officer Mulligan John J went on to Sale 45,490 shares at $139.98 each on Jun 17. An amount of $6,367,896 was transacted.

Valuation Metrics

Target Corporation (TGT) has a trailing price-to-earnings (P/E) ratio of 18.06. The stock’s beta is 1.01. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.68, the price-to-book (PB) ratio at 6.93.

The company has a payout ratio of 40.50%. The company’s most recent quarterly dividend payment was $1.08 a share, representing a up of 20.0% from $0.90 last year. Its latest increase dividend $0.18 reported on Thursday June 9 2022.

Financial Health

The quick ratio of Target Corporation for the three months ended July 30 was 0.10, and the current ratio was 0.80, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.27 and a total debt to equity ratio of 1.43 for the quarter ending July 30. Its gross profit as reported stood at $31.04 billion compared to revenue of $106.0 billion.

Earnings Surprise

For the three-month period that ended July 30, Target Corporation had $13.45 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 $183.0 million in the quarter, while revenues were shrunk -892.9%. The analyst consensus anticipated Target Corporation’s latest quarter earnings to come in at $0.72 per share, but it turned out to be $0.39, a -45.80% surprise. For the quarter, EBITDA amounted to $971.0 million. Shareholders own equity worth $460.26 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 21 September was 33.89%, suggesting the stock is Neutral, with historical volatility in this time frame at 24.95%.

As of today, TGT’s price is $162.58 -3.84% or -$6.35 from its 5-day moving average. TGT is currently trading -1.82% lower than its 20-day SMA and -32.73% lower than its 100-day SMA. However, the stock’s current price level is +10.01% above the SMA50 and -35.76% below the SMA200.

The stochastic %K and %D were 18.63% and 28.99%, respectively, and the average true range (ATR) was 4.88. With the 14-day stochastic at 5.16% and the average true range at 4.92, the RSI (14) stands at 40.80%. The stock has reached -4.51 on the 9-day MACD Oscillator while the 14-day reading was at -4.99.

Analyst Ratings

KeyBanc Capital Markets launched coverage on Target Corporation (NYSE: TGT) in its analyst report released on September 14, 2022. The firm assigned the stock an Overweight rating.

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