Target Corporation (NYSE: TGT) is 5.57% higher on its value in year-to-date trading and has touched a low of $90.17 and a high of $199.96 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TGT stock was last observed hovering at around $188.99 in the last trading session, with the day’s loss setting it -2.63% off its average median price target of $211.00 for the next 12 months. It is also 28.32% off the consensus price target high of $260.00 offered by 28 analysts, but current levels are -23.42% lower than the price target low of $151.00 for the same period.
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Currently trading at $186.36, the stock is -1.10% and 1.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.79 million and changing -1.39% at the moment leaves the stock 22.45% off its SMA200. TGT registered 63.79% gain for a year compared to 6-month gain of 21.30%. The firm has a 50-day simple moving average (SMA 50) of $189.88 and a 200-day simple moving average (SMA200) of $167.32.
The stock witnessed a -2.89% loss in the last 1 month and extending the period to 3 months gives it a 8.75%, and is -2.22% down 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 2.15% over the week and 2.23% over the month.
Target Corporation (TGT) has around 368000 employees, a market worth around $94.60B and $88.62B in sales. Current P/E ratio is 24.70 and Fwd P/E is 21.35. Profit margin for the company is 4.30%. Distance from 52-week low is 106.68% and -6.80% 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”. 28 analysts offering their recommendations for the stock have an average rating of 2.00, where 7 rate it as a Hold and 3 think it is a “Overweight”. 17 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 05/26/2021 and quarterly earnings per share for the current quarter are estimated at $2.54 with sales reaching $27.39B over the same period.The EPS is expected to grow by 16.80% this year, but quarterly earnings will post 18.70% year-over-year. Quarterly sales are estimated to grow 17.10% 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 1.04%. Institutions hold 82.59% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 43.1 million shares valued at $7.61 billion. The investor’s holdings represent 8.61% of the TGT Shares outstanding. As of Dec 30, 2020, the second largest holder is State Street Corporation with 37.55 million shares valued at $6.63 billion to account for 7.50% of the shares outstanding. The other top investors are Blackrock Inc. which holds 37.13 million shares representing 7.42% and valued at over $6.56 billion, while Bank of America Corporation holds 2.81% of the shares totaling 14.07 million with a market value of $2.48 billion.
Target Corporation (TGT) Insider Activity
A total of 18 insider transactions have happened at Target Corporation (TGT) in the last six months, with sales accounting for 13 and purchases happening 5 times. The most recent transaction is an insider sale by Lundquist Stephanie A, the company’s Executive Officer. SEC filings show that Lundquist Stephanie A sold 16,894 shares of the company’s common stock on Jan 14 at a price of $198.34 per share for a total of $3.35 million. Following the sale, the insider now owns 58514.0 shares.
Target Corporation disclosed in a document filed with the SEC on Nov 19 that HARRISON ROBERT M (Chief Accounting Officer) sold a total of 1,220 shares of the company’s common stock. The trade occurred on Nov 19 and was made at $169.50 per share for $0.21 million. Following the transaction, the insider now directly holds 8072.0 shares of the TGT stock.
Still, SEC filings show that on Oct 07, Lundquist Stephanie A (Executive Officer) disposed off 4,471 shares at an average price of $161.00 for $0.72 million. The insider now directly holds 75,339 shares of Target Corporation (TGT).
Target Corporation (TGT): Who are the competitors?
The company’s main competitors (and peers) include Dollar General Corporation (DG) that is trading 18.39% up over the past 12 months. Short interest in the company’s stock has risen 1.15% from the last report on Dec 30, 2020 to stand at a total of 5.15 million short shares sold with a short interest ratio of 1.29.