The price of Target Corp (NYSE: TGT) closed at $166.67 in the last session, down -0.54% from day before closing price of $167.57. In other words, the price has decreased by -$0.90 from its previous closing price. On the day, 5543476 shares were traded.
Ratios:
We take a closer look at TGT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.17. 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 1.44 whereas as Long-Term Debt/Eq ratio is at 1.36.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, HSBC Securities on March 06, 2024, Upgraded its rating to Buy and sets its target price to $195 from $140 previously.
On March 06, 2024, Deutsche Bank Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $149 to $206.
Telsey Advisory Group reiterated its Outperform rating for the stock on March 06, 2024, while the target price for the stock was revised from $160 to $195.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 11 ’24 when Cornell Brian C sold 45,000 shares for $167.52 per share. The transaction valued at 7,538,544 led to the insider holds 346,919 shares of the business.
SYLVESTER CARA A sold 4,125 shares of TGT for $708,816 on Mar 08 ’24. The Executive Officer now owns 12,570 shares after completing the transaction at $171.83 per share. On Mar 07 ’24, another insider, ZABEL MATTHEW L, who serves as the Executive Officer of the company, sold 4,000 shares for $175.00 each. As a result, the insider received 700,000 and left with 12,376 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 76.95B and an Enterprise Value of 92.46B. As of this moment, Target’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.65, and their Forward P/E ratio for the next fiscal year is 15.81. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.02. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.72 while its Price-to-Book (P/B) ratio in mrq is 5.73. Its current Enterprise Value per Revenue stands at 0.86 whereas that against EBITDA is 10.75.
Stock Price History:
Over the past 52 weeks, TGT has reached a high of $175.53, while it has fallen to a 52-week low of $102.93. The 50-Day Moving Average of the stock is 148.18, while the 200-Day Moving Average is calculated to be 131.37.
Shares Statistics:
According to the various share statistics, TGT traded on average about 3.89M shares per day over the past 3-months and 6.78M shares per day over the past 10 days. A total of 461.68M shares are outstanding, with a floating share count of 460.52M. Insiders hold about 0.25% of the company’s shares, while institutions hold 80.76% stake in the company. Shares short for TGT as of Feb 29, 2024 were 7.37M with a Short Ratio of 1.89, compared to 7.23M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.60% and a Short% of Float of 1.60%.
Dividends & Splits
The forward annual dividend rate for TGT is 4.38, which was 4.36 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 2.60%, it implies a Forward Annual Dividend Yield of 2.64%. The stock’s 5-year Average Dividend Yield is 2.26. The current Payout Ratio is 48.99% for TGT, which recently paid a dividend on Mar 10, 2024 with an ex-dividend date of May 14, 2024. Stock splits for the company last occurred on Jul 20, 2000 when the company split stock in a 2:1 ratio.
Earnings Estimates
The company has 25 analysts who recommend its stock at the moment. On average, analysts expect EPS of $2.02 for the current quarter, with a high estimate of $2.28 and a low estimate of $1.9, while EPS last year was $2.05. The consensus estimate for the next quarter is $2.2, with high estimates of $2.52 and low estimates of $1.88.
Analysts are recommending an EPS of between $9.81 and $9 for the fiscal current year, implying an average EPS of $9.41. EPS for the following year is $10.53, with 28 analysts recommending between $11.2 and $9.85.
Revenue Estimates
A total of 26 analysts have provided revenue estimates for TGT’s current fiscal year. The highest revenue estimate was $109.81B, while the lowest revenue estimate was $105.88B, resulting in an average revenue estimate of $107.3B. In the same quarter a year ago, actual revenue was $107.41B, down -0.10% from the average estimate. Based on 23 analysts’ estimates, the company’s revenue will be $111.41B in the next fiscal year. The high estimate is $114.25B and the low estimate is $109.25B. The average revenue growth estimate for next year is up 3.80% from the average revenue estimate for this year.
