Now Is A Suitable Moment For A Long-Term Purchase Of Target Corp (NYSE: TGT)

Currently, there are 461.68M common shares owned by the public and among those 460.34M shares have been available to trade.

The company’s stock has a 5-day price change of 9.94% and 7.87% over the past three months. TGT shares are trading 11.42% year to date (YTD), with the 12-month market performance up to 30.29% higher. It has a 12-month low price of $102.93 and touched a high of $181.86 over the same period. TGT has an average intraday trading volume of 4.39 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 10.55%, 8.54%, and 6.55% respectively.

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Institutional ownership of Target Corp (NYSE: TGT) shares accounts for 83.91% of the company’s 461.68M shares outstanding.

It has a market capitalization of $73.25B and a beta (3y monthly) value of 1.24. The stock’s trailing 12-month PE ratio is 16.39, while the earnings-per-share (ttm) stands at $9.68. The company has a PEG of 1.99 and a Quick Ratio of 0.27 with the debt-to-equity ratio at 1.30. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.65% over the week and 2.56% over the month.

Earnings per share for the fiscal year are expected to increase by 6.63%, and 10.05% over the next financial year. EPS should shrink at an annualized rate of 8.21% over the next five years, compared to 10.17% over the past 5-year period.

Looking at the support for the TGT, a number of firms have released research notes about the stock. Daiwa Securities stated their Outperform rating for the stock in a research note on August 26, 2024, with the firm’s price target at $170. Telsey Advisory Group coverage for the Target Corp (TGT) stock in a research note released on August 22, 2024 offered a Outperform rating with a price target of $195. Evercore ISI was of a view on August 22, 2024 that the stock is In-line, while Piper Sandler gave the stock Neutral rating on July 10, 2024, issuing a price target of $156. Exane BNP Paribas on their part issued Underperform rating on June 03, 2024.

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