Target Corporation (NYSE:TGT) saw a downside of -0.66% to close Tuesday at $163.55 after subtracting -$1.08 on the day. The 5-day average trading volume is 2,614,980 shares of the company’s common stock. It has gained $169.82 in the past week and touched a new high 3 times within the past 5 days. An average of 3,215,045 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,099,918.
TGT’s 1-month performance is 14.93% or $20.40 on its low of $142.40 reached on 12/27/22. The company’s shares have touched a 52-week low of $137.16 and high of $254.87, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, TGT has achieved 9.74% or $14.51 and has reached a new high 7 times. However, the current price is down -35.83% from the 52-week high price.
TGT stock investors last saw insider trading activity on Dec 16.Mulligan John J (Executive Officer) most recently sold 24,708 shares at $146.41 per share on Dec 16. This transaction cost the insider $3,617,619. Executive Officer, Mulligan John J, sold 39,101 shares at a price of $166.02 on Sep 14. Then, on Aug 18, Chief Accounting Officer LIEGEL MATTHEW A sold 1,226 shares at a price of $173.80 per share. This transaction amounted to $213,084.
TGT stock has a beta of 1.01. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.68 while the price-to-book (PB) in the most recent quarter is 6.83.
Target Corporation’s quick ratio for the period ended July 30 was 0.10, with the current ratio over the same period at 0.90. As well, the company’s long term debt to equity for the quarter ending July 30 was 1.29, while the total debt to equity was 1.49.. In terms of profitability, the gross margin trailing 12 months is 25.50%. The firm’s gross profit as reported stood at $31.04 billion against revenue of $106.0 billion.
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 shrunk -108.99% to $712.0 million, while revenue of $183.0 million was 74.3% off the previous quarter. Analysts expected TGT to announce $0.72 per share in earnings in its latest quarter, but it posted $0.39, representing a -45.80% surprise. EBITDA for the quarter stood at more than $1.7 billion. TGT stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 44.6 billion, with total debt at $17.93 billion. Shareholders hold equity totaling $460.31 million.
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 24 January was 63.97% to suggest the stock is trending Neutral, with historical volatility in this time period at 23.75%.
The stock’s 5-day moving average is $162.06, reflecting a +0.89% or $1.45 change from its current price. TGT is currently trading +15.71% above its 20-day SMA, +1.72% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +6.90% and SMA200 by-24.26%.
Stochastic %K and %D was 83.71% and 79.48% and the average true range (ATR) pointed at 6.45. The RSI (14) points at 60.81%, while the 14-day stochastic is at 75.43% with the period’s ATR at 5.68. The stock’s 9-day MACD Oscillator is pointing at 1.71 and 3.81 on the 14-day charts.
In the most recent analyst report for Target Corporation (NYSE: TGT), Oppenheimer launched coverage with an Outperform rating.