Target Corporation [NYSE: TGT] stock went on a downward path that fall over -5.34% on Wednesday, amounting to a one-week price decrease of less than -4.50%. The company report on October 26, 2022 that Target and Apple Deepen Collaboration with More Shop-in-Shops and the Best Offer Available Through a Retailer on Apple Fitness+ and More, Just in Time for the Holidays.
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Target has more than tripled the number of Apple at Target shop-in-shops this year, now reaching more than 150 locations.
Members of Target Circle, the retailer’s popular free-to-join loyalty program, now have access to a four-month free trial of Apple Fitness+, the best offer available through a retailer, with no purchase required.
Over the last 12 months, TGT stock dropped by -40.04%. The one-year Target Corporation stock forecast points to a potential upside of 20.42. The average equity rating for TGT stock is currently 2.10, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $70.27 billion, with 461.50 million shares outstanding and 459.32 million shares in the current float. Compared to the average trading volume of 3.69M shares, TGT stock reached a trading volume of 4012254 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 $192.24 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 2.10. 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.
Jefferies have made an estimate for Target Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 18, 2022. While these analysts kept the previous recommendation, KeyBanc Capital Markets raised their target price to Overweight. The new note on the price target was released on September 14, 2022, representing the official price target for Target Corporation stock. Previously, the target price had yet another raise from $150 to $165, while Truist kept a Hold rating on TGT stock. On August 18, 2022, analysts decreased their price target for TGT shares from 231 to 223.
The Average True Range (ATR) for Target Corporation is set at 5.24, with the Price to Sales ratio for TGT stock in the period of the last 12 months amounting to 0.65. The Price to Book ratio for the last quarter was 6.67, with the Price to Cash per share for the same quarter was set at 2.43.
TGT Stock Performance Analysis:
Target Corporation [TGT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.50. With this latest performance, TGT shares dropped by -0.98% in over the last four-week period, additionally sinking by -28.34% over the last 6 months – not to mention a drop of -40.04% 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 40.40, with the RSI for the last a single of trading hit 33.73, and the three-weeks RSI is set at 43.51 for Target Corporation [TGT]. The present Moving Average for the last 50 days of trading for this stock 159.38, while it was recorded at 158.78 for the last single week of trading, and 181.84 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 +8.52 and a Gross Margin at +27.07. Target Corporation’s Net Margin is presently recorded at +6.55.
Return on Equity for this stock inclined to 50.95, with Return on Assets sitting at 13.22.
Target Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.10 and a Current Ratio set at 0.80.
TGT Stock EPS
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 19.59%.
Target Corporation [TGT] Insider Position Details
There are presently around $56,578 million, or 80.40% of TGT stock, in the hands of institutional investors. The top three institutional holders of TGT stocks are: VANGUARD GROUP INC with ownership of 42,475,475, which is approximately -1.8% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 38,655,391 shares of the stock with an approximate value of $5.91 billion in TGT stocks shares; and STATE STREET CORP, currently with $5.1 billion in TGT stock with ownership of nearly -6.761% of the company’s market capitalization.
1,057 institutional holders increased their position in Target Corporation [NYSE:TGT] by around 39,313,470 shares. Additionally, 893 investors decreased positions by around 34,153,790 shares, while 225 investors held positions by with 296,347,271 shares. The mentioned changes placed institutional holdings at 369,814,531 shares, according to the latest SEC report filing. TGT stock had 169 new institutional investments in for a total of 5,515,376 shares, while 209 institutional investors sold positions of 5,790,247 shares during the same period.