Growth Story Still Intact For Target Corp (TGT)

Target Corp (TGT) concluded trading on Wednesday at a closing price of $153.60, with 3.27 million shares of worth about $502.06 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.69% during that period and on September 18, 2024 the price saw a gain of about 1.08%. Currently the company’s common shares owned by public are about 461.68M shares, out of which, 459.43M shares are available for trading.

Stock saw a price change of 4.28% in past 5 days and over the past one month there was a price change of 6.20%. Year-to-date (YTD), TGT shares are showing a performance of 7.85% which increased to 28.71% 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 $181.86 during that period. The average intraday trading volume for Target Corp shares is 4.23 million. The stock is currently trading 0.45% above its 20-day simple moving average (SMA20), while that difference is up 3.74% for SMA50 and it goes to 1.66% higher than SMA200.

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Target Corp (NYSE: TGT) currently have 461.68M outstanding shares and institutions hold larger chunk of about 82.71% of that.

The stock has a current market capitalization of $70.76B and its 3Y-monthly beta is at 1.24. PE ratio of stock for trailing 12 months is 15.86, while it has posted earnings per share of $9.69 in the same period. Its PEG reads 1.93 and has Quick Ratio of 0.27 while making debt-to-equity ratio of 1.42. 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 1.97% while standing at 2.21% over the month.

Stock’s fiscal year EPS is expected to rise by 6.79% while it is estimated to increase by 9.96% in next year. EPS is likely to shrink at an annualized rate of 8.21% for next 5-years, compared to annual growth of 10.17% 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 Daiwa Securities on August 26, 2024 offering an Outperform rating for the stock and assigned a target price of $170 to it. Coverage by Telsey Advisory Group stated Target Corp (TGT) stock as an Outperform in their note to investors on August 22, 2024, suggesting a price target of $195 for the stock. On August 22, 2024, Evercore ISI Reiterated their recommendations, while on July 10, 2024, Piper Sandler Resumed their ratings for the stock with a price target of $156. Stock get an Underperform rating from Exane BNP Paribas on June 03, 2024.

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