A Stock With Stellar Fundamentals? Target Corp (NYSE:TGT): Is It Right For You?

In yesterday’s Wall Street session, Target Corp (NYSE:TGT) shares traded at $111.07, up 1.40% from the previous session.

As of this writing, 35 analysts cover Target Corp (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 $116.00, we find $142.00. Given the previous closing price of $109.54, this indicates a potential upside of 29.63 percent. TGT stock price is now -3.50% away from the 50-day moving average and -21.56% away from the 200-day moving average. The market capitalization of the company currently stands at $51.27B.

There are 20 analysts who have given it a hold rating, whereas 13 have given it a buy rating. Brokers who have rated the stock have averaged $147.23 as their price target over the next twelve months.

With the price target enhanced from $120 to $135, BofA Securities Upgraded its rating from Neutral to Buy 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 $44.39 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 $46.85 million over the past 1 year. A total of 0.29% of the company’s stock is owned by insiders.

Thursday morning saw Target Corp (NYSE: TGT) opened at $110.24. During the past 12 months, Target Corp has had a low of $102.93 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 $68.48B, which is based on a 15.24 price-to-earnings ratio, a 0.83 price-to-earnings-growth ratio, and a beta of 1.05. The fifty day moving average price for TGT is $114.85 and a two-hundred day moving average price translates $141.34 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 $25.3B in revenue.

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.

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