In yesterday’s Wall Street session, Target Corp (NYSE:TGT) shares traded at $112.60, down -4.02% from the previous session.
35 analysts cover Target Corp (NYSE:TGT), according to research data. 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 $120.00, we find $142.80. Given the previous closing price of $117.32, this indicates a potential upside of 21.72 percent. TGT stock price is now -12.14% away from the 50-day moving average and -23.79% away from the 200-day moving average. The market capitalization of the company currently stands at $51.98B.
The stock has received a hold rating from 22 analysts and a buy rating from 11. Brokers who have rated the stock have averaged $148.88 as their price target over the next twelve months.
With the price target of $140, HSBC Securities recently initiated with Hold rating for Target Corp (NYSE: TGT).
In other news, Cornell Brian C, Executive Officer sold 30,000 shares of the company’s stock on Aug 18. The stock was sold for $3,921,135 at an average price of $130.70. Upon completion of the transaction, the Executive Officer now directly owns 399,669 shares in the company, valued at $45.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 18, Chief Accounting Officer LIEGEL MATTHEW A sold 1,459 shares of the business’s stock. A total of $234,528 was realized by selling the stock at an average price of $160.75. This leaves the insider owning 3,748 shares of the company worth $0.42 million. Insiders disposed of 421,832 shares of company stock worth roughly $47.5 million over the past 1 year. A total of 0.29% 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 Corp shares was purchased by DIAMOND HILL CAPITAL MANAGEMENT INC during the first quarter worth $204,563,000. QUBE RESEARCH & TECHNOLOGIES LTD invested $80,565,000 in shares of TGT during the first quarter. In the first quarter, VOLORIDGE INVESTMENT MANAGEMENT, LLC acquired a new stake in Target Corp valued at approximately $58,963,000. RENAISSANCE TECHNOLOGIES LLC acquired a new stake in TGT for approximately $30,420,000. JANNEY MONTGOMERY SCOTT LLC purchased a new stake in TGT valued at around $30,345,000 in the second quarter. In total, there are 2,434 active investors with 80.94% ownership of the company’s stock.
On Friday morning Target Corp (NYSE: TGT) stock kicked off with the opening price of $116.97. During the past 12 months, Target Corp has had a low of $116.88 and a high of $181.70. As of last week, the company has a debt-to-equity ratio of 1.60, a current ratio of 0.83, and a quick ratio of 0.18. According to the stock market information, the enterprise value for the company is $71.37B, which is based on a 15.44 price-to-earnings ratio, a 1.46 price-to-earnings-growth ratio, and a beta of 1.02. The fifty day moving average price for TGT is $128.16 and a two-hundred day moving average price translates $147.75 for the stock.
The latest earnings results from Target Corp (NYSE: TGT) was released for Jul, 2023. According to the Discount Stores Company, earnings per share came in at $1.8, beating analysts’ expectations of $1.38 by 0.42. This compares to $0.39 EPS in the same period last year. The net profit margin was 3.12% and return on equity was 29.87% for TGT. The company reported revenue of $24.77 billion for the quarter, compared to $26.04 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.85 percent. For the current quarter, analysts expect TGT to generate $25.31B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/10/2023. Investors who held shares on 11/15/2023 were paid a $1.10 dividend. On an annualized basis, this represents a $4.02 dividend and a 3.57% percent yield. There was an ex-dividend date of 11/14/2023 for this dividend. In terms of dividend payout ratio, TGT is presently at 69.20%.
Target Corp(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.
