Target Corporation (TGT) makes 0.93% gain – What does that mean for its investors?

Target Corporation (NYSE: TGT) is 37.69% higher on its value in year-to-date trading and has touched a low of $90.17 and a high of $181.17 in the current 52-week trading range. The TGT stock was last observed hovering at around $173.88 in the last trading session, with the day’s gains setting it 2.65% off its average median price target of $190.00 for the next 12 months. It is also 16.73% off the consensus price target high of $212.00 offered by 27 analysts, but current levels are -16.91% lower than the price target low of $151.00 for the same period.

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Currently trading at $176.53, the stock is 1.88% and 5.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.54 million and changing 1.52% at the moment leaves the stock 28.67% off its SMA200. TGT registered 40.03% gain for a year compared to 6-month gain of 48.20%. The firm has a 50-day simple moving average (SMA 50) of $173.57 and a 200-day simple moving average (SMA200) of $149.65.

The stock witnessed a -1.41% loss in the last 1 month and extending the period to 3 months gives it a 11.31%, and is 0.93% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.55% over the week and 1.53% over the month.

Target Corporation (TGT) has around 368000 employees, a market worth around $87.08B and $88.62B in sales. Current P/E ratio is 23.40 and Fwd P/E is 20.79. Profit margin for the company is 4.30%. Distance from 52-week low is 95.77% and -2.56% from its 52-week high. The company has generated returns on investments over the last 12 months (16.00%).

Target Corporation (TGT) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Target Corporation (TGT) is a “Overweight”. 27 analysts offering their recommendations for the stock have an average rating of 2.10, where 8 rate it as a Hold and 2 think it is a “Overweight”. 16 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Target Corporation is expected to release its quarterly report on 03/09/2021 and quarterly earnings per share for the current quarter are estimated at $2.26 with sales reaching $26.66B over the same period.The EPS is expected to grow by 16.80% this year, but quarterly earnings will post 17.60% year-over-year. Quarterly sales are estimated to grow 13.90% in year-over-year returns.

Target Corporation (TGT) Top Institutional Holders

2,106 institutions hold shares in Target Corporation (TGT), with 1.06M shares held by insiders accounting for 0.21% while institutional investors hold 82.77% of the company’s shares. The shares outstanding are 500.60M, and float is at 499.63M with Short Float at 1.53%. Institutions hold 82.59% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 43.47 million shares valued at $6.84 billion. The investor’s holdings represent 8.68% of the TGT Shares outstanding. As of Sep 29, 2020, the second largest holder is State Street Corporation with 39.59 million shares valued at $6.23 billion to account for 7.91% of the shares outstanding. The other top investors are Blackrock Inc. which holds 34.67 million shares representing 6.92% and valued at over $5.46 billion, while Bank of America Corporation holds 2.89% of the shares totaling 14.5 million with a market value of $2.28 billion.

Target Corporation (TGT) Insider Activity

The most recent transaction is an insider sale by HARRISON ROBERT M, the company’s Chief Accounting Officer. SEC filings show that HARRISON ROBERT M sold 1,220 shares of the company’s common stock on Nov 19 at a price of $169.50 per share for a total of $0.21 million. Following the sale, the insider now owns 8072.0 shares.

Target Corporation disclosed in a document filed with the SEC on Oct 07 that Lundquist Stephanie A (Executive Officer) sold a total of 4,471 shares of the company’s common stock. The trade occurred on Oct 07 and was made at $161.00 per share for $0.72 million. Following the transaction, the insider now directly holds 75339.0 shares of the TGT stock.

Still, SEC filings show that on Sep 29, McNamara Michael Edward (Executive Officer) disposed off 27,726 shares at an average price of $157.15 for $4.36 million. The insider now directly holds 216,576 shares of Target Corporation (TGT).

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Target Corporation (TGT): Who are the competitors?

The company’s main competitors (and peers) include Dollar General Corporation (DG) that is trading 34.34% up over the past 12 months. Costco Wholesale Corporation (COST) is 32.65% up on the 1-year trading charts. Short interest in the company’s stock has risen 26.41% from the last report on Nov 12, 2020 to stand at a total of 5.63 million short shares sold with a short interest ratio of 1.61.

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