Target Corporation (NYSE:TGT) saw a downside of -0.45% to close Monday at $131.94 after subtracting -$0.59 on the day. The 5-day average trading volume is 3,575,780 shares of the company’s common stock. It has gained $136.54 in the past week and touched a new high 1 time within the past 5 days. An average of 3,954,925 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,079,122.
TGT’s 1-month performance is 1.45% or $1.89 on its low of $128.55 reached on 07/17/23. The company’s shares have touched a 52-week low of $125.08 and high of $183.89, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, TGT has lost -11.47% or -$17.10 and has reached a new high 11 times. However, the current price is down -28.25% from the 52-week high price.
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Insider Transactions
TGT stock investors last saw insider trading activity on May 18.LIEGEL MATTHEW A (Chief Accounting Officer) most recently sold 1,459 shares at $160.75 per share on May 18. This transaction cost the insider $234,528. Executive Officer, LIU DON H, sold 6,000 shares at a price of $167.00 on Apr 03. Then, on Mar 31, Executive Officer LIU DON H sold 6,000 shares at a price of $165.00 per share. This transaction amounted to $990,000.
Valuation Metrics
TGT stock has a beta of 1.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.56 while the price-to-book (PB) in the most recent quarter is 5.24.
Target Corporation’s quick ratio for the period ended April 29 was 0.20, 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 April 29 was 1.38, while the total debt to equity was 1.40. In terms of profitability, the gross margin trailing 12 months is 24.80%. The trailing 12-month EBITDA margin is 6.06% while for the period ending April 29, Target Corporation’s operating margin was 3.50%. The firm’s gross profit as reported stood at $26.89 billion against revenue of $109.12 billion.
Earnings Surprise
For the quarterly period ending April 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -6.21% to $950.0 million, while revenue of $876.0 million was 7.79% off the previous quarter. Analysts expected TGT to announce $1.76 per share in earnings in its latest quarter, but it posted $2.05, representing a 16.50% surprise. EBITDA for the quarter stood at more than $2.0 billion. TGT stock balance sheet for the quarter ending April 29 shows that total liabilities totaled 40.55 billion, with total debt at $18.9 billion. Shareholders hold equity totaling $461.56 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 07 August was 41.94% to suggest the stock is trending Neutral, with historical volatility in this time period at 15.83%.
The stock’s 5-day moving average is $132.75, reflecting a -3.32% or -$4.53 change from its current price. TGT is currently trading +0.15% above its 20-day SMA, -16.69% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -7.80% and SMA200 by-16.08%.
Stochastic %K and %D was 31.68% and 40.77% and the average true range (ATR) pointed at 2.50. The RSI (14) points at 44.42%, while the 14-day stochastic is at 14.32% with the period’s ATR at 2.61. The stock’s 9-day MACD Oscillator is pointing at -1.40 and -1.50 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Target Corporation (NYSE: TGT), Raymond James downgraded it to a Mkt perform rating. They previously had a Strong buy rating on the stock. Analysts offering their rating for TGT stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate TGT as a “sell,”, while 19 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 rates the stock as overweight while 12 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 $130.00 and a high of $220.00, with their median price target at $165.50. Looking at these predictions, the average price target given by analysts is for Target Corporation (TGT) stock is $169.03.
