Analyzing Target Corporation (TGT) By Technical Indicators


As of Wednesday close, Target Corporation’s (NYSE:TGT) stock was up $5.55, moving up 3.52 percent to $163.41. The average number of shares traded per day over the past five days has been 7,148,680 shares. 2 times new highs have been achieved over the past 5 days, with a $7.94 gain in that time frame. In the last twenty days, the average volume was 6,464,820, while in the previous 50 days, it was 4,582,186.

Since last month, TGT stock retreated -1.44%. Shares of the company fell to $148.75 on 11/16/22, the lowest level in the past month. A 52-week high of $254.87 was reached on 04/21/22 after having rallying from a 52-week low of $137.16. Since the beginning of this year, TGT’s stock price has dropped by -29.39% or -$68.03, and marked a new high 8 times. However, the stock has declined by -35.88% since its 52-week high.

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TGT stock investors should be aware that Target Corporation (TGT) stock had its last reported insider trading activity 72 days ago on Sep 14. Mulligan John J, the Executive Officer of the company, disposed of 39,101 shares for $166.02 on Sep 14. It resulted in a $6,491,609 divestment by the insider. LIEGEL MATTHEW A sold 1,226 shares at an average price of $173.80 on Aug 18. The insider now owns 2,812 shares following the transaction. On Jun 17, Executive Officer Mulligan John J sold 45,490 shares at $139.98 apiece. The transaction was valued at $6,367,896.

Valuation Metrics

Right now, Target Corporation (TGT) has a P/E ratio of about 18.56. The stock’s beta is 1.02. Besides these, the trailing price-to-sales (P/S) ratio of 0.69, the price-to-book (PB) ratio of 7.12, and the price-to-cash flow ratio of 148.43 may also be considered.

The latest dividend of $1.08 per share was paid out, remained unchanged from last year’s $1.08. On Thursday June 9 2022, a $0.18 dividend increase was announced.

Financial Health

In the three months ended July 30, Target Corporation’s quick ratio stood at 0.10, while its current ratio was 0.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending July 30 was 1.27, and the total debt-to-equity ratio was 1.43. On the profitability front, the trailing twelve-month gross margin is 26.20% percent. In the year ended July 30, operating margins totaled 7.30%. Based on annual data, TGT earned $31.04 billion in gross profit and brought in $106.0 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 27.60%. Return on equity (ROE) for the past 12 months was 48.80%.

In Target Corporation’s quarter-end financial report for July 30, it reported total debt of $14.24 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. TGT’s revenue rose 3.27% to $26.04 billion during the quarter, while net income inched up to $26.52 billion. While analysts expected Target Corporation to report $0.72 quarterly earnings, the actual figure was $0.39 per share, beating the consensus estimate by -45.80%. During the quarter, the company generated $1.7 billion in EBITDA. The liabilities of Target Corporation were 44.6 billion at the end of its most recent quarter ended July 30, and its total debt was $17.93 billion. The value of shareholders’ equity is $460.31 million.

Technical Picture

This quick technical analysis looks at Target Corporation’s (TGT) price momentum. With a historical volatility rate of 87.79%, the RSI 9-day stood at 51.24% on 23 November.

With respect to its five-day moving average, the current Target Corporation price is up by +5.11% percent or $7.94. At present, TGT shares trade -2.01% below its 20-day simple moving average and +12.15% percent above its 100-day simple moving average. However, the stock is currently trading approximately -1.19% below its SMA50 and -23.26% below its SMA200.

Stochastic coefficient K was 34.73% and Stochastic coefficient D was 35.81%, while ATR was 7.68. Given the Stochastic reading of 46.23% for the 14-day period, the RSI (14) reading has been calculated as 51.32%. As of today, the MACD Oscillator reading stands at -5.26, while the 14-day reading stands at -3.36.

Analyst Ratings

Piper Sandler upgraded its rating on Target Corporation (NYSE: TGT) to an Overweight in a note to investors on November 17, 2022. The analysts firm previously had a Neutral rating on the stock.Target Corporation (TGT) has been rated Overweight by analysts. According to 0 brokerage firms, TGT is a sell, and 11 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Target Corporation stock as buy, with 18 recommending it as overweight.

With a median target price of $176.00, the current consensus forecast for the stock is $144.00 – $210.00. Based on these forecasts, analysts predict Target Corporation (TGT) will achieve an average price target of $177.57.


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