Is Target Corp (NYSE: TGT) Proving The Doubters Wrong?

Target Corp (TGT) concluded trading on Wednesday at a closing price of $146.73, with 3.98 million shares of worth about $583.57 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 12.02% during that period and on Wednesday February 7 the price saw a gain of about 1.59%. Currently the company’s common shares owned by public are about 461.66M shares, out of which, 460.50M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 112 times over the past 12 months. They bought 489,144 shares in 49 of the transactions. In 63 selling transactions, insiders dumped 302,124 shares.

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Stock saw a price change of 5.50% in past 5 days and over the past one month there was a price change of 3.53%. Year-to-date (YTD), TGT shares are showing a performance of 3.03% which decreased to -15.59% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $102.93 but also hit the highest price of $177.29 during that period. The average intraday trading volume for Target Corp shares is 4.41 million. The stock is currently trading 3.73% above its 20-day simple moving average (SMA20), while that difference is up 5.55% for SMA50 and it goes to 11.64% higher than SMA200.

Target Corp (NYSE: TGT) currently have 461.66M outstanding shares and institutions hold larger chunk of about 79.74% of that.

The stock has a current market capitalization of $67.74B and its 3Y-monthly beta is at 1.12. PE ratio of stock for trailing 12 months is 18.69, while it has posted earnings per share of $7.85 in the same period. Its PEG reads 0.92 and has Quick Ratio of 0.18 while making debt-to-equity ratio of 1.55. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TGT, volatility over the week remained 2.91% while standing at 2.30% over the month.

Analysts are in expectations that Target Corp (TGT) stock would likely to be making an EPS of $Target Corporation in the current quarter, while forecast for next quarter EPS is $146.73 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Vanguard Information Tech ETF which is $TG Therapeutics, Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $The Goodyear Tire & Rubber Comp in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 38.76% while it is estimated to increase by 9.23% in next year. EPS is likely to grow at an annualized rate of 20.27% for next 5-years, compared to annual growth of 2.47% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Gordon Haskett on Feb-08-24 offering a Buy rating for the stock and assigned a target price of $170 to it.

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