Target Corporation (NYSE:TGT) finished Thursday with an addition of $0.32 to close at $130.92, an upside of 0.25 percent. An average of 3,602,780 shares of common stock have been traded in the last five days. There was a fall of -$1.81 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 3,983,195 shares traded, while the 50-day average volume stands at 5,780,204.
TGT stock has decreased by -1.50% in the last month. The company shares reached their 1-month lowest point of $128.55 on 07/17/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $125.08 and a high of $183.89 in 52 weeks. It has reached a new high 11 times so far this year and lost -12.16% or -$18.12 in price. In spite of this, the price is down -28.80% from the 52-week high.
Insider Transactions
TGT stock investors should be aware that Target Corporation (TGT) stock had its last reported insider trading activity 85 days ago on May 18. In this transaction, the insider spent $234,528. Executive Officer, LIU DON H, disposed of 6,000 shares at a price of $167.00 on Apr 03. The insider now owns more than $1,002,000 worth of shares. Prior to that, Executive Officer LIU DON H went on to Sale 6,000 shares at $165.00 each on Mar 31. An amount of $990,000 was transacted.
Valuation Metrics
Target Corporation (TGT) has a trailing price-to-earnings (P/E) ratio of 22.27. The stock’s beta is 1.01. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.55, the price-to-book (PB) ratio at 5.20.
The company has a payout ratio of 70.10%. The company’s most recent quarterly dividend payment was $1.10 a share, representing a up of 1.85% from $1.08 last year.
Financial Health
The quick ratio of Target Corporation for the three months ended April 29 was 0.20, and the current ratio was 0.90, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.38 and a total debt to equity ratio of 1.40 for the quarter ending April 29. Target Corporation’s EBITDA margin for the year ending April 29 is 6.06%, while its operating margin for the same period stands at 3.50%. Its gross profit as reported stood at $26.89 billion compared to revenue of $109.12 billion.
Earnings Surprise
For the three-month period that ended April 29, Target Corporation had $16.01 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $950.0 million in the quarter, while revenues were shrunk -6.21%. The analyst consensus anticipated Target Corporation’s latest quarter earnings to come in at $1.76 per share, but it turned out to be $2.05, a 16.50% surprise. For the quarter, EBITDA amounted to $2.0 billion. Shareholders own equity worth $461.56 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 10 August was 38.62%, suggesting the stock is Neutral, with historical volatility in this time frame at 14.93%.
As of today, TGT’s price is $131.39 -1.36% or -$1.81 from its 5-day moving average. TGT is currently trading -1.43% lower than its 20-day SMA and -17.85% lower than its 100-day SMA. However, the stock’s current price level is -2.18% below the SMA50 and -17.76% below the SMA200.
The stochastic %K and %D were 16.63% and 18.54%, respectively, and the average true range (ATR) was 2.38. With the 14-day stochastic at 17.60% and the average true range at 2.51, the RSI (14) stands at 42.15%. The stock has reached -1.69 on the 9-day MACD Oscillator while the 14-day reading was at -2.43.
Analyst Ratings
Wells Fargo reiterated its an Equal weight rating on Target Corporation (NYSE: TGT), but raised their price target to $165, indicating a potential price increase of 20.65% for the stock. The consensus rating for Target Corporation (TGT) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TGT, while 19 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 12 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 $115.00 and $220.00, with a median target of $163.30. Taking a look at these predictions, the average price target given by analysts for Target Corporation (TGT) stock is $163.06.
