Target Corp [TGT] stock is trading at $170.46, up 1.34%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TGT shares have gain 2.27% over the last week, with a monthly amount glided 13.72%, and seem to be holding up well over a long-time horizon.
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On 19, March 2024, Sportsman’s Warehouse Announces New Executive Leadership. In a post published today on Yahoo Finance, Krischelle Tennessen appointed Chief Human Resources Officer Michael Simpson joins the Company as the new Chief Information Officer.
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 $170.46 at the most recent close of the market. An investor can expect a potential return of 3.06% 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 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.33 and Total Capital is 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.2.
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 168.37 points at the first support level, and at 166.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 171.56, and for the 2nd resistance point, it is at 172.66.
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. In addition, the Quick Ratio stands at 0.29 and the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 0.73, the price to book ratio is 5.86 and price to earnings (TTM) ratio is 19.07.
Transactions by insiders
Recent insider trading involved Kremer Melissa K, Executive Officer, that happened on Mar 14 ’24 when 3000.0 shares were sold. Executive Officer, Cornell Brian C completed a deal on Mar 11 ’24 to sell 45000.0 shares. Meanwhile, Executive Officer SYLVESTER CARA A sold 4125.0 shares on Mar 08 ’24.
