Target Corp (NYSE:TGT) shares, rose in value, with the stock price down by -0.26% to the previous day’s close as strong demand from buyers drove the stock to $171.77.
Actively observing the price movement in the last trading, the stock closed the session at $172.22. The value of beta (5-year monthly) was 1.15 whereas the PE ratio was 19.21 over 12-month period. Referring to stock’s 52-week performance, its high was $181.86, and the low was $102.93. On the whole, TGT has fluctuated by -1.02% over the past month.
With the market capitalization of Target Corp currently standing at about $79.30 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 15, 2024 – May 20, 2024. The company’s Forward Dividend Ratio is 4.38, with its dividend yield at 2.55%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $2.02, which is expected to increase to $2.52 for fiscal year $9.4 and then to about $10.51 by fiscal year 2026. Data indicates that the EPS growth is expected to be 5.10% in 2026, while the next year’s EPS growth is forecast to be 11.80%.
Analysts have estimated the company’s revenue for the quarter at $24.51 billion, with a low estimate of $24.07 billion and a high estimate of $24.72 billion. Wall Street analysts also predicted that in 2026, the company’s y-o-y revenues would reach $107.22 billion, representing a decrease of -0.20% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that TGT’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.05, with the price of TGT currently trading nearly 0.56% and 9.13% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.51, while the 7-day volatility ratio is showing 1.94% which for the 30-day chart, stands at 1.79%. Furthermore, Target Corp (TGT)’s beta value is 1.15, and its average true range (ATR) is 3.44.
A comparison of Target Corp (TGT) with its peers suggests the former has fared considerably weaker in the market. TGT showed an intraday change of -0.26% in last session, and over the past year, it grew by 3.44%%.
Data on historical trading for Target Corp (NYSE:TGT) indicates that the trading volumes over the past 10 days have averaged 3.49 million and over the past 3 months, they’ve averaged 3.91 million. According to company’s latest data on outstanding shares, there are 461.68 million shares outstanding.
Nearly 0.25% of Target Corp’s shares belong to company insiders and institutional investors own 80.68% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.0 million shares as on Mar 15, 2024, resulting in a short ratio of 1.61. According to the data, the short interest in Target Corp (TGT) stood at 1.73% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 7.02 million. The stock has risen by 20.61% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TGT stock heading into the next quarter.
