As of Friday close, Target Corporation’s (NYSE:TGT) stock was down -$4.72, moving down -4.02 percent to $112.60. The average number of shares traded per day over the past five days has been 4,691,460 shares. 1 time new highs have been achieved over the past 5 days, with a -$10.45 fall in that time frame. In the last twenty days, the average volume was 4,078,740, while in the previous 50 days, it was 4,817,614.
Since last month, TGT stock retreated -8.61%. Shares of the company fell to $112.54 on 09/22/23, the lowest level in the past month. A 52-week high of $181.70 was reached on 02/02/23 after having rallying from a 52-week low of $116.88. Since the beginning of this year, TGT’s stock price has dropped by -24.45% or -$36.44, and marked a new high 11 times. However, the stock has declined by -38.03% since its 52-week high.
TGT stock investors should be aware that Target Corporation (TGT) stock had its last reported insider trading activity 36 days ago on Aug 18. Cornell Brian C, the Executive Officer of the company, disposed of 30,000 shares for $130.70 on Aug 18. It resulted in a $3,921,135 divestment by the insider. LIEGEL MATTHEW A sold 1,459 shares at an average price of $160.75 on May 18. The insider now owns 3,748 shares following the transaction. On Apr 03, Executive Officer LIU DON H sold 6,000 shares at $167.00 apiece. The transaction was valued at $1,002,000.
Valuation Metrics
Right now, Target Corporation (TGT) has a P/E ratio of about 15.45. The stock’s beta is 1.02. Besides these, the trailing price-to-sales (P/S) ratio of 0.49, the price-to-book (PB) ratio of 4.34, and the price-to-cash flow ratio of 32.27 may also be considered.
The latest dividend of $1.10 per share was paid out, remained unchanged from last year’s $1.10.
Financial Health
In the three months ended July 30, Target Corporation’s quick ratio stood at 0.20, while its current ratio was 0.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending July 30 was 1.24, and the total debt-to-equity ratio was 1.34. On the profitability front, the trailing twelve-month gross margin is 26.10% percent. In the year ended July 30, EBITDA margin amounted to 6.06%, whereas operating margins totaled 4.40%. Based on annual data, TGT earned $26.89 billion in gross profit and brought in $109.12 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.70%. Return on equity (ROE) for the past 12 months was 29.40%.
In Target Corporation’s quarter-end financial report for July 30, it reported total debt of $14.93 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. TGT’s revenue fell -5.1% to $25.32 billion during the quarter, while net income inched up to $24.77 billion. While analysts expected Target Corporation to report $1.38 quarterly earnings, the actual figure was $1.8 per share, beating the consensus estimate by 30.40%. During the quarter, the company generated $1.88 billion in EBITDA. The liabilities of Target Corporation were 41.22 billion at the end of its most recent quarter ended July 30, and its total debt was $19.27 billion. The value of shareholders’ equity is $461.61 million.
Technical Picture
This quick technical analysis looks at Target Corporation’s (TGT) price momentum. With a historical volatility rate of 27.78%, the RSI 9-day stood at 19.79% on 22 September.
With respect to its five-day moving average, the current Target Corporation price is down by -8.49% percent or -$10.45. At present, TGT shares trade -9.27% below its 20-day simple moving average and -28.34% percent below its 100-day simple moving average. However, the stock is currently trading approximately -15.22% below its SMA50 and -27.32% below its SMA200.
Stochastic coefficient K was 8.27% and Stochastic coefficient D was 12.62%, while ATR was 2.76. Given the Stochastic reading of 0.40% for the 14-day period, the RSI (14) reading has been calculated as 25.35%. As of today, the MACD Oscillator reading stands at -3.56, while the 14-day reading stands at -4.85.
