In yesterday’s Wall Street session, Target Corporation (NYSE:TGT) shares traded at $128.75, up 2.96% from the previous session.
As of this writing, 35 analysts cover Target Corporation (NYSE:TGT). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $184.00 and a low of $115.00, we find $158.00. Given the previous closing price of $125.05, this indicates a potential upside of 26.35 percent. TGT stock price is now -2.63% away from the 50-day moving average and -15.79% away from the 200-day moving average. The market capitalization of the company currently stands at $59.37B.
There are 20 analysts who have given it a hold rating, whereas 12 have given it a buy rating. Brokers who have rated the stock have averaged $153.13 as their price target over the next twelve months.
With the price target reduced from $165 to $135, Wells Fargo maintained Equal Weight rating for Target Corporation (NYSE: TGT).
In other news, LIEGEL MATTHEW A, Chief Accounting Officer sold 1,459 shares of the company’s stock on May 18. The stock was sold for $234,528 at an average price of $160.75. Upon completion of the transaction, the Chief Accounting Officer now directly owns 3,748 shares in the company, valued at $0.48 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 03, Executive Officer LIU DON H sold 6,000 shares of the business’s stock. A total of $1,002,000 was realized by selling the stock at an average price of $167.00. This leaves the insider owning 53,078 shares of the company worth $6.83 million. Insiders disposed of 431,732 shares of company stock worth roughly $55.59 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TGT stock. A new stake in Target Corporation shares was purchased by DIAMOND HILL CAPITAL MANAGEMENT INC during the first quarter worth $233,903,000. QUBE RESEARCH & TECHNOLOGIES LTD invested $92,120,000 in shares of TGT during the first quarter. In the first quarter, VOLORIDGE INVESTMENT MANAGEMENT, LLC acquired a new stake in Target Corporation valued at approximately $67,420,000. RENAISSANCE TECHNOLOGIES LLC acquired a new stake in TGT for approximately $34,783,000. JANNEY MONTGOMERY SCOTT LLC purchased a new stake in TGT valued at around $34,698,000 in the second quarter. In total, there are 2,434 active investors with 81.90% ownership of the company’s stock.
During the past 12 months, Target Corporation has had a low of $124.96 and a high of $183.89. As of last week, the company has a debt-to-equity ratio of 1.40, a current ratio of 0.90, and a quick ratio of 0.20. The fifty day moving average price for TGT is $132.19 and a two-hundred day moving average price translates $152.70 for the stock.
The latest earnings results from Target Corporation (NYSE: TGT) was released for Apr, 2023. According to the Discount Stores Company, earnings per share came in at $2.05, beating analysts’ expectations of $1.76 by 0.29. This compares to $2.16 EPS in the same period last year. The net profit margin was 2.50% and return on equity was 24.50% for TGT. The company reported revenue of $25.32 billion for the quarter, compared to $25.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.6 percent. For the current quarter, analysts expect TGT to generate $25.16B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/10/2023. Investors who held shares on 08/16/2023 were paid a $1.10 dividend. On an annualized basis, this represents a $4.40 dividend and a 3.42% percent yield. There was an ex-dividend date of 08/15/2023 for this dividend. In terms of dividend payout ratio, TGT is presently at 70.10%.
Target Corporation(TGT) Company Profile
Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies. It also provides dry grocery, dairy, frozen food, beverages, candy, snacks, deli, bakery, meat, and food service; electronics, which includes video game hardware and software, toys, entertainment, sporting goods, and luggage; and furniture, lighting, storage, kitchenware, small appliances, home décor, bed and bath, home improvement, school/office supplies, greeting cards and party supplies, and other seasonal merchandise. In addition, the company sells merchandise through periodic design and creative partnerships, and shop-in-shop experience; and in-store amenities. Further, it sells its products through its stores; and digital channels, including Target.com. Target Corporation was incorporated in 1902 and is headquartered in Minneapolis, Minnesota.
