Market Insight: Target Corp (TGT)’s Notable Drop, Closing at 157.51

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In the latest session, Target Corp (NYSE: TGT) closed at $157.51 down -0.91% from its previous closing price of $158.96. In other words, the price has decreased by -$0.91 from its previous closing price. On the day, 2.56 million shares were traded. TGT stock price reached its highest trading level at $161.08 during the session, while it also had its lowest trading level at $157.04.

Ratios:

For a deeper understanding of Target Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.10. For the most recent quarter (mrq), Quick Ratio is recorded 0.29 and its Current Ratio is at 0.91. In the meantime, Its Debt-to-Equity ratio is 1.58 whereas as Long-Term Debt/Eq ratio is at 1.36.

On April 04, 2024, Gordon Haskett reiterated its Buy rating and also lowered its target price recommendation from $200 to $220.

HSBC Securities Upgraded its Hold to Buy on March 06, 2024, whereas the target price for the stock was revised from $140 to $195.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 21 ’24 when HENNINGTON CHRISTINA sold 4,600 shares for $170.88 per share. The transaction valued at 786,048 led to the insider holds 38,487 shares of the business.

Kremer Melissa K sold 3,000 shares of TGT for $495,150 on Mar 14 ’24. The Executive Officer now owns 30,527 shares after completing the transaction at $165.05 per share. On Mar 11 ’24, another insider, Cornell Brian C, who serves as the Executive Officer of the company, sold 45,000 shares for $167.52 each. As a result, the insider received 7,538,544 and left with 346,919 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TGT now has a Market Capitalization of 72869167104 and an Enterprise Value of 88684822528. As of this moment, Target’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.62, and their Forward P/E ratio for the next fiscal year is 14.92. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.96. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.68 while its Price-to-Book (P/B) ratio in mrq is 5.41. Its current Enterprise Value per Revenue stands at 0.826 whereas that against EBITDA is 10.192.

Stock Price History:

The Beta on a monthly basis for TGT is 1.21, which has changed by 0.0215981 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. Over the past 52 weeks, TGT has reached a high of $181.86, while it has fallen to a 52-week low of $102.93. The 50-Day Moving Average of the stock is -5.79%, while the 200-Day Moving Average is calculated to be 13.54%.

Shares Statistics:

For the past three months, TGT has traded an average of 3.72M shares per day and 3001820 over the past ten days. A total of 461.68M shares are outstanding, with a floating share count of 461.39M. Insiders hold about 0.27% of the company’s shares, while institutions hold 81.86% stake in the company. Shares short for TGT as of 1714435200 were 6344808 with a Short Ratio of 1.71, compared to 1711584000 on 7060535. Therefore, it implies a Short% of Shares Outstanding of 6344808 and a Short% of Float of 1.37.

Dividends & Splits

According to the company, the forward annual dividend rate for TGT is 5.48, from 4.36 in the trailing year. Against a Trailing Annual Dividend Yield of 0.027428284The stock’s 5-year Average Dividend Yield is 2.24. The current Payout Ratio is 48.99% for TGT, which recently paid a dividend on 2024-05-14 with an ex-dividend date of 1715644800. Stock splits for the company last occurred on 2000-07-20 when the company split stock in a 2:1 ratio.

Earnings Estimates

Current recommendations for the stock of the company come from 25.0 analysts. On average, analysts expect EPS of $2.05 for the current quarter, with a high estimate of $2.46 and a low estimate of $1.9, while EPS last year was $2.05. The consensus estimate for the next quarter is $2.19, with high estimates of $2.51 and low estimates of $1.88.

Analysts are recommending an EPS of between $10.27 and $9.0 for the fiscal current year, implying an average EPS of $9.43. EPS for the following year is $10.52, with 32.0 analysts recommending between $11.89 and $9.59.

Revenue Estimates

For the next quarter, 23 analysts are estimating revenue of $25.31B. There is a high estimate of $25.64B for the next quarter, whereas the lowest estimate is $24.65B.

A total of 29 analysts have provided revenue estimates for TGT’s current fiscal year. The highest revenue estimate was $109.46B, while the lowest revenue estimate was $106B, resulting in an average revenue estimate of $107.13B. In the same quarter a year ago, actual revenue was $107.41BBased on 27 analysts’ estimates, the company’s revenue will be $111.1B in the next fiscal year. The high estimate is $113.85B and the low estimate is $109.25B.

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