Target Corporation [NYSE: TGT] traded at a low on 06/12/20, posting a -0.94 loss after which it closed the day’ session at $116.90. The results of the trading session contributed to over 4850969 shares changing hands. Over the past one week, the price volatility of Target Corporation stands at 2.51% while the volatility over the past one month is 2.75%.
The market cap for TGT stock reached $59.01 billion, with 501.00 million shares outstanding and 498.70 million shares in the current float. Compared to the average trading volume of 6.36M shares, TGT reached a trading volume of 4850969 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Target Corporation [TGT]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TGT shares is $129.59 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TGT stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BMO Capital Markets have made an estimate for Target Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 15, 2020. While these analysts kept the previous recommendation, Odeon raised their target price to Buy. The new note on the price target was released on January 24, 2020, representing the official price target for Target Corporation stock. Previously, the target price had yet another raise from $120 to $137, while Telsey Advisory Group kept a Outperform rating on TGT stock.
The Average True Range (ATR) for Target Corporation is set at 3.34, with the Price to Sales ratio for TGT stock in the period of the last 12 months amounting to 0.74. The Price to Book ratio for the last quarter was 5.24, with the Price to Cash per share for the same quarter was set at 9.05. Price to Free Cash Flow for TGT in the course of the last twelve months was 16.29 with Quick ratio for the last quarter at 0.40.
How has TGT stock performed recently?
Target Corporation [TGT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.81. With this latest performance, TGT shares dropped by -1.88% in over the last four-week period, additionally sinking by -7.07% over the last 6 months – not to mention a rise of 32.39% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TGT stock in for the last two-week period is set at 48.15, with the RSI for the last a single of trading hit 41.99, and the three-weeks RSI is set at 50.90 for Target Corporation [TGT]. The present Moving Average for the last 50 days of trading for this stock 113.25, while it was recorded at 119.60 for the last single week of trading, and 113.14 for the last 200 days.
Target Corporation [TGT]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Target Corporation [TGT] shares currently have an operating margin of +5.99 and a Gross Margin at +26.74. Target Corporation’s Net Margin is presently recorded at +4.19.
Return on Total Capital for TGT is now 18.52, given the latest momentum, and Return on Invested Capital for the company is 13.35. Return on Equity for this stock inclined to 28.27, with Return on Assets sitting at 7.78. When it comes to the capital structure of this company, Target Corporation [TGT] has a Total Debt to Total Equity ratio set at 118.09. Additionally, TGT Total Debt to Total Capital is recorded at 54.15, with Total Debt to Total Assets ending up at 32.67. Long-Term Debt to Equity for the company is recorded at 115.04, with the Long-Term Debt to Total Capital now at 52.75.
Reflecting on the efficiency of the workforce at the company, Target Corporation [TGT] managed to generate an average of $8,883 per employee. Receivables Turnover for the company is 75.76 with a Total Asset Turnover recorded at a value of 1.86.Target Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 1.00.
Earnings analysis for Target Corporation [TGT]
With the latest financial reports released by the company, Target Corporation posted 1.82/share EPS, while the average EPS was predicted by analysts to be reported at 1.62/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 12.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TGT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Target Corporation go to 3.74%.
Insider trade positions for Target Corporation [TGT]
There are presently around $48,210 million, or 84.90% of TGT stock, in the hands of institutional investors. The top three institutional holders of TGT stocks are: VANGUARD GROUP INC with ownership of 42,561,272, which is approximately 3.124% of the company’s market cap and around 0.20% of the total institutional ownership; STATE STREET CORP, holding 40,847,704 shares of the stock with an approximate value of $4.78 billion in TGT stocks shares; and BLACKROCK INC., currently with $4.41 billion in TGT stock with ownership of nearly -0.746% of the company’s market capitalization.
Positions in Target Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 695 institutional holders increased their position in Target Corporation [NYSE:TGT] by around 34,089,708 shares. Additionally, 799 investors decreased positions by around 34,949,920 shares, while 173 investors held positions by with 343,366,296 shares. The mentioned changes placed institutional holdings at 412,405,924 shares, according to the latest SEC report filing. TGT stock had 137 new institutional investments in for a total of 4,993,442 shares, while 180 institutional investors sold positions of 4,423,759 shares during the same period.