For Target Corporation [TGT], Analyst sees a rise to $200. What next?

Target Corporation [NYSE: TGT] stock went on an upward path that rose over 4.42% on Friday, amounting to a one-week price increase of more than 4.19%. The company report on March 11, 2021 that Target Corporation Declares Regular Quarterly Dividend.

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The board of directors of Target Corporation (NYSE:TGT) has declared a quarterly dividend of 68 cents per common share. The dividend is payable June 10, 2021 to shareholders of record at the close of business May 19, 2021. The 2nd quarter dividend will be the company’s 215th consecutive dividend paid since October 1967 when the company became publicly held.

About TargetMinneapolis-based Target Corporation (NYSE: TGT) serves guests at nearly 1,900 stores and at Target.com. Since 1946, Target has given 5% of its profit to communities, which equals millions of dollars a week. For the latest store count or for more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.

Over the last 12 months, TGT stock rose by 86.62%. The one-year Target Corporation stock forecast points to a potential upside of 7.23. The average equity rating for TGT stock is currently 1.90, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $89.56 billion, with 500.60 million shares outstanding and 497.37 million shares in the current float. Compared to the average trading volume of 3.95M shares, TGT stock reached a trading volume of 7707029 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 $202.16 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 1.90. 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.

Guggenheim have made an estimate for Target Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 08, 2021. While these analysts kept the previous recommendation, Telsey Advisory Group dropped their target price from $225 to $215. The new note on the price target was released on March 03, 2021, representing the official price target for Target Corporation stock. Previously, the target price had yet another raise from $200 to $225, while Stifel kept a Buy rating on TGT stock. On January 14, 2021, analysts increased their price target for TGT shares from 190 to 225.

The Average True Range (ATR) for Target Corporation is set at 4.72, with the Price to Sales ratio for TGT stock in the period of the last 12 months amounting to 0.96. The Price to Book ratio for the last quarter was 6.50, with the Price to Cash per share for the same quarter was set at 17.82. Price to Free Cash Flow for TGT in the course of the last twelve months was 13.71 with Quick ratio for the last quarter at 0.50.

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 4.19. With this latest performance, TGT shares dropped by -2.02% in over the last four-week period, additionally plugging by 27.06% over the last 6 months – not to mention a rise of 86.62% 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 58.56, with the RSI for the last a single of trading hit 65.60, and the three-weeks RSI is set at 55.63 for Target Corporation [TGT]. The present Moving Average for the last 50 days of trading for this stock 186.31, while it was recorded at 181.37 for the last single week of trading, and 157.95 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 +7.30 and a Gross Margin at +27.13. Target Corporation’s Net Margin is presently recorded at +4.67.

Return on Total Capital for TGT is now 24.67, given the latest momentum, and Return on Invested Capital for the company is 16.29. Return on Equity for this stock inclined to 33.25, with Return on Assets sitting at 9.29. When it comes to the capital structure of this company, Target Corporation [TGT] has a Total Debt to Total Equity ratio set at 104.63. Additionally, TGT Total Debt to Total Capital is recorded at 51.13, with Total Debt to Total Assets ending up at 29.48. Long-Term Debt to Equity for the company is recorded at 95.25, with the Long-Term Debt to Total Capital now at 46.55.

Reflecting on the efficiency of the workforce at the company, Target Corporation [TGT] managed to generate an average of $10,680 per employee. Receivables Turnover for the company is 89.23 with a Total Asset Turnover recorded at a value of 1.99.Target Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 1.00.

TGT Stock EPS

With the latest financial reports released by the company, Target Corporation posted 0.59/share EPS, while the average EPS was predicted by analysts to be reported at 0.4/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 47.50%. 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 9.94%.

Target Corporation [TGT] Insider Position Details

There are presently around $74,411 million, or 81.70% of TGT stock, in the hands of institutional investors. The top three institutional holders of TGT stocks are: VANGUARD GROUP INC with ownership of 43,100,482, which is approximately -0.841% of the company’s market cap and around 0.30% of the total institutional ownership; STATE STREET CORP, holding 37,550,717 shares of the stock with an approximate value of $7.04 billion in TGT stocks shares; and BLACKROCK INC., currently with $6.96 billion in TGT stock with ownership of nearly 7.101% of the company’s market capitalization.

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Positions in Target Corporation stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 932 institutional holders increased their position in Target Corporation [NYSE:TGT] by around 19,916,814 shares. Additionally, 785 investors decreased positions by around 27,543,008 shares, while 209 investors held positions by with 349,291,787 shares. The mentioned changes placed institutional holdings at 396,751,609 shares, according to the latest SEC report filing. TGT stock had 274 new institutional investments in for a total of 4,467,406 shares, while 73 institutional investors sold positions of 2,362,890 shares during the same period.

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