In yesterday’s Wall Street session, Target Corp (NYSE:TGT) shares traded at $130.46, up 17.75% from the previous session.
36 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 $180.00 and a low of $113.00, we find $143.60. Given the previous closing price of $110.79, this indicates a potential upside of 29.61 percent. TGT stock price is now 16.04% away from the 50-day moving average and -6.24% away from the 200-day moving average. The market capitalization of the company currently stands at $60.22B.
The stock has received a hold rating from 20 analysts and a buy rating from 14. Brokers who have rated the stock have averaged $146.68 as their price target over the next twelve months.
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 $52.14 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 $0.49 million. Insiders disposed of 421,832 shares of company stock worth roughly $55.03 million over the past 1 year. A total of 0.27% of the company’s stock is owned by insiders.
On Wednesday morning Target Corp (NYSE: TGT) stock kicked off with the opening price of $126.08. 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 1.55, a current ratio of 0.86, and a quick ratio of 0.18. According to the stock market information, the enterprise value for the company is $77.34B, which is based on a 16.62 price-to-earnings ratio, a 0.97 price-to-earnings-growth ratio, and a beta of 1.02. The fifty day moving average price for TGT is $112.56 and a two-hundred day moving average price translates $138.94 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 3.40% and return on equity was 30.87% 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 $25.24B 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.