Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
After finishing at $158.87 in the prior trading day, Target Corp (NYSE: TGT) closed at $155.89, down -1.88%. In other words, the price has decreased by -$1.88 from its previous closing price. On the day, 2.88 million shares were traded. TGT stock price reached its highest trading level at $158.9727 during the session, while it also had its lowest trading level at $155.53.
Ratios:
Our goal is to gain a better understanding of TGT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.54 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.63. For the most recent quarter (mrq), Quick Ratio is recorded 0.27 and its Current Ratio is at 0.90. In the meantime, Its Debt-to-Equity ratio is 1.42 whereas as Long-Term Debt/Eq ratio is at 1.18.
On August 22, 2024, Telsey Advisory Group reiterated its Outperform rating and also lowered its target price recommendation from $190 to $195.
Evercore ISI reiterated its In-line rating for the stock on August 22, 2024, while the target price for the stock was revised from $158 to $160.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 27 ’24 when Gomez Richard H. sold 6,348 shares for $157.17 per share. The transaction valued at 997,715 led to the insider holds 123,551 shares of the business.
Gomez Richard H. bought 6,348 shares of TGT for $997,716 on Sep 27 ’24. On Aug 30 ’24, another insider, LIEGEL MATTHEW A, who serves as the Chief Accounting Officer of the company, sold 1,000 shares for $153.13 each. As a result, the insider received 153,130 and left with 7,276 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 71814627328 and an Enterprise Value of 87479574528. As of this moment, Target’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.10, and their Forward P/E ratio for the next fiscal year is 14.82. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.84. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.67 while its Price-to-Book (P/B) ratio in mrq is 4.99. Its current Enterprise Value per Revenue stands at 0.815 whereas that against EBITDA is 9.477.
Stock Price History:
Over the past 52 weeks, TGT has reached a high of $181.86, while it has fallen to a 52-week low of $105.23. The 50-Day Moving Average of the stock is 2.94%, while the 200-Day Moving Average is calculated to be 1.93%.
Shares Statistics:
The stock has traded on average 4.09M shares per day over the past 3-months and 3185640 shares per day over the last 10 days, according to various share statistics. A total of 461.68M shares are outstanding, with a floating share count of 459.39M. Insiders hold about 0.28% of the company’s shares, while institutions hold 84.00% stake in the company. Shares short for TGT as of 1727654400 were 15442292 with a Short Ratio of 3.77, compared to 1724976000 on 14487877. Therefore, it implies a Short% of Shares Outstanding of 15442292 and a Short% of Float of 3.36.
Dividends & Splits
In the trailing 12 months, TGT’s forward annual dividend rate was 4.4, compared to 4.42 this year. Against a Trailing Annual Dividend Yield of 0.027695602The stock’s 5-year Average Dividend Yield is 2.25.
