Look For Institutional Buying In Target Corp (NYSE: TGT)

Target Corp (TGT) concluded trading on Wednesday at a closing price of $138.22, with 4.65 million shares of worth about $642.84 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -5.40% during that period and on January 08, 2025 the price saw a loss of about -0.74%. Currently the company’s common shares owned by public are about 459.24M shares, out of which, 457.09M shares are available for trading.

Stock saw a price change of 2.25% in past 5 days and over the past one month there was a price change of 4.40%. Year-to-date (YTD), TGT shares are showing a performance of 2.25% which decreased to -2.48% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $120.21 but also hit the highest price of $181.86 during that period. The average intraday trading volume for Target Corp shares is 6.22 million. The stock is currently trading 2.63% above its 20-day simple moving average (SMA20), while that difference is down -0.54% for SMA50 and it goes to -7.86% lower than SMA200.

Target Corp (NYSE: TGT) currently have 459.24M outstanding shares and institutions hold larger chunk of about 83.83% of that.

The stock has a current market capitalization of $63.33B and its 3Y-monthly beta is at 1.15. PE ratio of stock for trailing 12 months is 14.65, while it has posted earnings per share of $9.44 in the same period. Its PEG reads 2.07 and has Quick Ratio of 0.25 while making debt-to-equity ratio of 1.60. 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 2.35% while standing at 2.29% over the month.

Stock’s fiscal year EPS is expected to drop by -3.90% while it is estimated to increase by 6.95% in next year. EPS is likely to shrink at an annualized rate of 7.09% 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 November 26, 2024 offering a Neutral rating for the stock and assigned a target price range of between $170 and $130 to it. Coverage by Telsey Advisory Group stated Target Corp (TGT) stock as an Outperform in their note to investors on November 21, 2024, suggesting a price target of $150 for the stock. On November 20, 2024, HSBC Securities Downgrade their recommendations, while on November 20, 2024, Deutsche Bank Downgrade their ratings for the stock with a price target of $108. Stock get a Neutral rating from Citigroup on November 20, 2024.

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