Target Corp (NYSE:TGT) shares traded -0.04% lower at $129.89 on Wall Street last session.
In accordance with the data, 36 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 $180.00 and a low of $125.00, we find $145.00. Given the previous closing price of $129.94, this indicates a potential upside of 11.59 percent. TGT stock price is now 15.28% away from the 50-day moving average and -6.35% away from the 200-day moving average. The market capitalization of the company currently stands at $59.96B.
It has been rated a hold by 21 analysts and a buy by 13. Brokers who have rated the stock have averaged $149.99 as their price target over the next twelve months.
With the price target enhanced from $145 to $160, Telsey Advisory Group maintained Outperform rating for Target Corp (NYSE: TGT).
In other news, LIU DON H, Executive Officer sold 16,000 shares of the company’s stock on Nov 16. The stock was sold for $2,080,000 at an average price of $130.00. Upon completion of the transaction, the Executive Officer now directly owns 48,882 shares in the company, valued at $6.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 18, Executive Officer Cornell Brian C sold 30,000 shares of the business’s stock. A total of $3,921,135 was realized by selling the stock at an average price of $130.70. This leaves the insider owning 399,669 shares of the company worth $51.91 million. Insiders disposed of 421,832 shares of company stock worth roughly $54.79 million over the past 1 year. A total of 0.28% of the company’s stock is owned by insiders.
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 $77.08B, which is based on a 16.54 price-to-earnings ratio, a 0.96 price-to-earnings-growth ratio, and a beta of 1.08. The fifty day moving average price for TGT is $112.79 and a two-hundred day moving average price translates $138.45 for the stock.
The latest earnings results from Target Corp (NYSE: TGT) was released for Oct, 2023. According to the Discount Stores Company, earnings per share came in at $2.1, beating analysts’ expectations of $1.48 by 0.62. This compares to $1.54 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 $25.4 billion for the quarter, compared to $26.52 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.22 percent. For the current quarter, analysts expect TGT to generate $31.81B 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.