Target Corporation [TGT] Revenue clocked in at $84.65 billion, up 33.66% YTD: What’s Next?

Target Corporation [NYSE: TGT] stock went on an upward path that rose over 2.71% on Thursday, amounting to a one-week price increase of more than 7.42%. The company report on November 12, 2020 that Target Circle Celebrates One-Year Anniversary, Unlocks Holiday Deals for Nearly 80 Million Members.

Retailer’s loyalty program helped guests save nearly $2 billion in its first year and directed millions of dollars to more than 2,500 community organizations – with no membership fee required.

Target Corporation (NYSE: TGT) is celebrating the one-year anniversary of its popular, easy-to-use loyalty program, Target Circle, and will be offering its nearly 80 million members more ways to save big this holiday season. As one of the nation’s largest loyalty programs, Target Circle members have:.

Over the last 12 months, TGT stock rose by 35.55%. The one-year Target Corporation stock forecast points to a potential downside of -3.38. The average equity rating for TGT stock is currently 2.20, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $84.03 billion, with 500.10 million shares outstanding and 499.50 million shares in the current float. Compared to the average trading volume of 4.04M shares, TGT stock reached a trading volume of 6770460 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $165.77 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.

MKM Partners have made an estimate for Target Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 19, 2020. While these analysts kept the previous recommendation, Telsey Advisory Group raised their target price to Outperform. The new note on the price target was released on November 18, 2020, representing the official price target for Target Corporation stock. Previously, the target price had yet another raise from $169 to $180, while Jefferies kept a Hold rating on TGT stock. On August 20, 2020, analysts increased their price target for TGT shares from 152 to 165.

The Average True Range (ATR) for Target Corporation is set at 4.28, with the Price to Sales ratio for TGT stock in the period of the last 12 months amounting to 0.99. The Price to Book ratio for the last quarter was 6.81, with the Price to Cash per share for the same quarter was set at 14.86. Price to Free Cash Flow for TGT in the course of the last twelve months was 16.67 with Quick ratio for the last quarter at 0.60.

TGT Stock Performance Analysis:

Target Corporation [TGT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.42. With this latest performance, TGT shares gained by 4.95% in over the last four-week period, additionally plugging by 45.86% over the last 6 months – not to mention a rise of 35.55% 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 68.82, with the RSI for the last a single of trading hit 72.83, and the three-weeks RSI is set at 65.46 for Target Corporation [TGT]. The present Moving Average for the last 50 days of trading for this stock 158.16, while it was recorded at 165.86 for the last single week of trading, and 128.44 for the last 200 days.

Insight into Target Corporation 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 0.60 and a Current Ratio set at 1.10.

TGT Stock EPS

With the latest financial reports released by the company, Target Corporation posted 1.69/share EPS, while the average EPS was predicted by analysts to be reported at 1.66/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1.80%. 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 8.26%.

Target Corporation [TGT] Insider Position Details

There are presently around $69,367 million, or 83.40% of TGT stock, in the hands of institutional investors. The top three institutional holders of TGT stocks are: VANGUARD GROUP INC with ownership of 43,466,167, which is approximately -2.548% of the company’s market cap and around 0.20% of the total institutional ownership; STATE STREET CORP, holding 39,591,856 shares of the stock with an approximate value of $6.78 billion in TGT stocks shares; and BLACKROCK INC., currently with $5.94 billion in TGT stock with ownership of nearly -2.328% of the company’s market capitalization.

Positions in Target Corporation stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 746 institutional holders increased their position in Target Corporation [NYSE:TGT] by around 20,408,533 shares. Additionally, 791 investors decreased positions by around 29,986,056 shares, while 214 investors held positions by with 354,382,120 shares. The mentioned changes placed institutional holdings at 404,776,709 shares, according to the latest SEC report filing. TGT stock had 198 new institutional investments in for a total of 5,967,482 shares, while 90 institutional investors sold positions of 1,342,152 shares during the same period.

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