The stock of Target Corporation (NYSE:TGT) increased by $1.64 on Monday to finish at $123.43, up 1.35 percent. The last five days have seen an average of 6,058,940 shares of common stock traded. 11 times new highs were reached in the current year, with a fall of -$25.61. The average number of shares traded over the last 20 days was 6,070,650, while the average volume over the last 50 days totaled 5,289,648.
TGT stock dropped -8.57% since last month. On 08/25/23, the company’s shares reached a one-month low of $120.75. The stock touched a high of $181.70 on 02/02/23, after rallying from a low of $120.75 in 52 weeks. The price of TGT stock has declined by -17.18% or -$25.61 this year, reaching a new high 11 times. Still, the stock price is down -32.07% from the 52-week high.
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Insider Transactions
TGT stock investors should be aware that Target Corporation (TGT) stock had its last reported insider trading activity 11 days ago on Aug 18. On Aug 18, Executive Officer Cornell Brian C sold 30,000 shares at $130.70 each. This transaction resulted in the insider making $3,921,135. On May 18, LIEGEL MATTHEW A sold 1,459 shares at a price of US$160.75. After the transaction, the insider now owns 3,748 shares. Executive Officer LIU DON H had earlier sold 6,000 shares on Apr 03 for $167.00 a share. The transaction was completed for $1,002,000.
Valuation Metrics
Target Corporation (TGT) has a trailing price-to-earnings (P/E) ratio of 16.93. Beta for the stock is 1.02. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.54, the price-to-book (PB) ratio of 4.75, and the price-to-cash flow ratio of 35.55.
Company paid $1.10 per share in dividends, an increase of 1.85% from $1.08 last year. A $0.02 dividend increase was reported on Thursday June 15 2023.
Financial Health
For the three months ended July 30, Target Corporation’s quick ratio was 0.20, while its current ratio was 0.80, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending July 30 is 1.24, and the total debt to equity ratio is 1.34. As far as profitability goes, gross margin for the trailing twelve months is 26.10% percent. Target Corporation’s EBITDA margin for the year ended July 30 was 6.06%, whereas its operating margin stood at 4.40% 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 6.30%. 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 29.40%.
Earnings Surprise
According to Target Corporation’s quarterly financial report for the quarter that ended July 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $24.77 billion, while revenues fell by -5.1% to $25.32 billion. It was predicted that Target Corporation’s quarterly earnings would be $1.8, but it ended up being $1.38, beating the consensus by 30.40%. EBITDA was $1.88 billion for the quarter. At the end of Target Corporation’s most recent quarter ended July 30, its liabilities totaled 41.22 billion, while its total debt was $19.27 billion. Equity owned by shareholders amounts to $461.61 million.
Technical Picture
Here’s a quick look at Target Corporation’s (TGT) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 36.01%, suggesting the stock is Neutral, with a 28.94% historical volatility rate.
The stochastic %K and %D were 13.58% and 11.71% respectively, while the average true range (ATR) was 3.36. Based on the 14-day stochastic reading of 18.48%, the RSI (14) reading is 37.16%. On the 9-day MACD Oscillator, the stock is at -3.04, and the 14-day reading is at -4.21.
Analyst Ratings
Target Corporation (NYSE: TGT) was downgraded by Daiwa Securities to a a Neutral rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Target Corporation (TGT) an Overweight rating. TGT is a stock that is recommended for selling by 0 brokerage firms, while 21 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 12 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 $120.00 and $184.00, with a median target price of $147.50. In analyzing these forecasts, the average price target given by analysts for Target Corporation (TGT) is $149.88.
