Target Corp [TGT] stock is trading at $169.72, down -1.06%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TGT shares have gain 9.29% over the last week, with a monthly amount glided 15.67%, and seem to be holding up well over a long-time horizon.
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On 5, March 2024, Target Announces Plans to Deliver Enhanced Shopping Experience in 2024 and Beyond. In a post published today on Yahoo Finance, The Target Circle loyalty program will evolve to offer three new membership options, including a free-to-join option, that let guests choose how they want to shop and save.
From an analyst’s perspective:
Target Corp [NYSE: TGT] stock has seen the most recent analyst activity on March 06, 2024, when HSBC Securities upgraded its rating to a Buy and also boosted its price target to $195 from $140. Previously, Deutsche Bank upgraded its rating to Buy on March 06, 2024, and elevated its price target to $206. On March 06, 2024, Telsey Advisory Group reiterated its Outperform rating and revised its price target to $195 on the stock. Gordon Haskett upgraded its rating to a Buy but stick to its price target of $170 on February 07, 2024. Morgan Stanley upgraded its rating to a Overweight and raised its price target to $165 on January 16, 2024. Telsey Advisory Group reiterated a Outperform rating for this stock on November 16, 2023, and upped its price target to $160. In a note dated November 16, 2023, TD Cowen downgraded an Market Perform rating on this stock and revised its target price from $161 to $148.
Target Corp [TGT] stock has fluctuated between $102.93 and $175.53 over the past year. Currently, Wall Street analysts expect the stock to reach $175.67 within the next 12 months. Target Corp [NYSE: TGT] shares were valued at $169.72 at the most recent close of the market. An investor can expect a potential return of 3.51% based on the average TGT price forecast.
Analyzing the TGT fundamentals
Target Corp [NYSE:TGT] reported sales of 107.41B for the trailing twelve months, which represents a growth of 1.67%. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.31 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.52.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 168.68 points at the first support level, and at 167.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 171.52, and for the 2nd resistance point, it is at 173.33.
Target Corp [TGT] reported earnings per share of $2.98 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.42/share, meaning a difference of $0.56 and a surprise factor of 23.10%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $2.1 per share as compared to estimates of $1.48 per share, a difference of $0.62 representing a surprise of 41.90%.
Ratios To Look Out For
For context, Target Corp’s Current Ratio is 0.91. As well, the Quick Ratio is 0.29, while the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 0.73, the price to book ratio is 5.83 and price to earnings (TTM) ratio is 18.99.
Transactions by insiders
Recent insider trading involved LIU DON H, Executive Officer, that happened on Mar 06 ’24 when 21000.0 shares were sold. Executive Officer, FIDDELKE MICHAEL J completed a deal on Mar 06 ’24 to sell 5750.0 shares. Meanwhile, Executive Officer ZABEL MATTHEW L sold 4000.0 shares on Nov 28 ’23.
