Target Corp [TGT] Revenue clocked in at $106.89 billion, down -3.52% YTD: What’s Next?

Target Corp [NYSE: TGT] price plunged by -0.97 percent to reach at -$1.34. The company report on January 18, 2024 at 6:30 AM that Target Announces Michael Fiddelke as Chief Operating Officer.

Retailer also shares retirement plans for Don Liu and updates to merchandising leadership.

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Target Corporation (NYSE: TGT) today announced that Michael Fiddelke, who has served as the retailer’s chief financial officer since Nov. 1, 2019, has been named chief operating officer, effective Feb. 4, 2024. Until his replacement is named, Fiddelke will continue to serve as chief financial officer for the company. As chief operating officer, Fiddelke will oversee the retailer’s nearly 2,000 stores, its global supply chain network, fulfillment services including same-day delivery with Shipt, network capacity planning, enterprise operations, the teams responsible for building and remodeling Target stores and other facilities, and flight services.

The one-year TGT stock forecast points to a potential upside of 10.55. The average equity rating for TGT stock is currently 2.14, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Target Corp [TGT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TGT shares is $153.61 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 2.14. 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.

Morgan Stanley have made an estimate for Target Corp shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 16, 2024.

The Average True Range (ATR) for Target Corp is set at 2.71, with the Price to Sales ratio for TGT stock in the period of the last 12 months amounting to 0.59. The Price to Book ratio for the last quarter was 5.07, with the Price to Cash per share for the same quarter was set at 4.14. Price to Free Cash Flow for TGT in the course of the last twelve months was 17.42 with Quick ratio for the last quarter at 0.18.

TGT Stock Performance Analysis:

Target Corp [TGT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.64. With this latest performance, TGT shares dropped by -0.70% in over the last four-week period, additionally plugging by 3.54% over the last 6 months – not to mention a drop of -15.24% 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 46.99, with the RSI for the last a single of trading hit 37.64, and the three-weeks RSI is set at 52.30 for Target Corp [TGT]. The present Moving Average for the last 50 days of trading for this stock 133.13, while it was recorded at 140.03 for the last single week of trading, and 132.91 for the last 200 days.

Insight into Target Corp Fundamentals:

Target Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.18 and a Current Ratio set at 0.86.

TGT Stock EPS

With the latest financial reports released by the company, Target Corp posted 1.89/share EPS, while the average EPS was predicted by analysts to be reported at 1.4/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 35.00%. 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 Corp go to 20.27%.

Target Corp [TGT] Institutonal Ownership Details

The top three institutional holders of TGT stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in TGT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in TGT stock with ownership which is approximately 5.8325%.