The stock of Target Corporation (NYSE:TGT) decreased by -$1.63 on Monday to finish at $129.42, down -1.24 percent. The last five days have seen an average of 3,944,960 shares of common stock traded. 11 times new highs were reached in the current year, with a fall of -$19.62. The average number of shares traded over the last 20 days was 3,951,745, while the average volume over the last 50 days totaled 5,266,530.
TGT stock dropped -1.15% since last month. On 07/17/23, the company’s shares reached a one-month low of $128.55. The stock touched a high of $183.89 on 02/02/23, after rallying from a low of $125.08 in 52 weeks. The price of TGT stock has declined by -13.16% or -$19.62 this year, reaching a new high 11 times. Still, the stock price is down -29.62% 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 89 days ago on May 18. On May 18, Chief Accounting Officer LIEGEL MATTHEW A sold 1,459 shares at $160.75 each. This transaction resulted in the insider making $234,528. On Apr 03, LIU DON H sold 6,000 shares at a price of US$167.00. After the transaction, the insider now owns 53,078 shares. Executive Officer LIU DON H had earlier sold 6,000 shares on Mar 31 for $165.00 a share. The transaction was completed for $990,000.
Valuation Metrics
Target Corporation (TGT) has a trailing price-to-earnings (P/E) ratio of 22.01. Beta for the stock is 1.00. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.55, the price-to-book (PB) ratio of 5.14, and the price-to-cash flow ratio of 120.31.
Company paid $1.10 per share in dividends, an increase of 1.85% from $1.08 last year.
Financial Health
For the three months ended April 29, Target Corporation’s quick ratio was 0.20, while its current ratio was 0.90, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending April 29 is 1.38, and the total debt to equity ratio is 1.40. As far as profitability goes, gross margin for the trailing twelve months is 24.80% percent. Target Corporation’s EBITDA margin for the year ended April 29 was 6.06%, whereas its operating margin stood at 3.50% for the same period. Based on annual data, it had gross profit of $26.89 billion and revenue of $109.12 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TGT’s return on assets (ROA) during the last 12 months has been 5.10%. There was a 11.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 24.50%.
Earnings Surprise
According to Target Corporation’s quarterly financial report for the quarter that ended April 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $25.32 billion, while revenues rose by 0.6% to $31.39 billion. It was predicted that Target Corporation’s quarterly earnings would be $2.05, but it ended up being $1.76, beating the consensus by 16.50%. EBITDA was $2.0 billion for the quarter. At the end of Target Corporation’s most recent quarter ended April 29, its liabilities totaled 40.55 billion, while its total debt was $18.9 billion. Equity owned by shareholders amounts to $461.56 million.
Technical Picture
Here’s a quick look at Target Corporation’s (TGT) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 31.87%, suggesting the stock is Neutral, with a 7.44% historical volatility rate.
The stochastic %K and %D were 14.17% and 15.90% respectively, while the average true range (ATR) was 2.38. Based on the 14-day stochastic reading of 5.84%, the RSI (14) reading is 38.02%. On the 9-day MACD Oscillator, the stock is at -1.06, and the 14-day reading is at -2.19.
Analyst Ratings
In a note to investors, Wells Fargo maintained its an Equal weight rating on Target Corporation (NYSE: TGT). However, the firm raised their price target to $135, indicating a possible increase of 21.56% in the stock price. Analysts have assigned Target Corporation (TGT) an Overweight rating. TGT is a stock that is recommended for selling by 0 brokerage firms, while 19 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 13 others recommend it as a buy.
What is TGT’s price target for the next 12 months?
The current consensus forecast for the stock is between $115.00 and $193.00, with a median target price of $160.50. In analyzing these forecasts, the average price target given by analysts for Target Corporation (TGT) is $158.38.
