Target Corp (NYSE: TGT) is 6.72% higher on its value in year-to-date trading and has touched a low of $102.93 and a high of $172.67 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 $150.15 in the last trading session, with the day’s gains setting it 1.84%.
Currently trading at $151.99, the stock is 3.90% and 6.41% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.83 million and changing 1.23% at the moment leaves the stock 16.16% off its SMA200. TGT registered -8.97% loss for a year compared to 6-month gain of 24.80%. The firm has a 50-day simple moving average (SMA 50) of $0.82 and a 200-day simple moving average (SMA200) of $11.12.
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The stock witnessed a 6.64% loss in the last 1 month and extending the period to 3 months gives it a 15.62%, and is 1.40% 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 1.49% over the week and 2.23% over the month.
Target Corp (TGT) has around 440000 employees, a market worth around $70.17B and $106.89B in sales. Current P/E ratio is 19.36 and Fwd P/E is 16.63. Profit margin for the company is 3.40%. Distance from 52-week low is 47.66% and -11.98% from its 52-week high. The company has generated returns on investments over the last 12 months (11.94%).
Target Corp quarterly earnings per share for the current quarter are estimated at $2.41 with sales reaching $31.83B over the same period.The EPS is expected to grow by 38.89% this year, but quarterly earnings will post -1.70% year-over-year. Quarterly sales are estimated to grow 1.40% in year-over-year returns.
Target Corp (TGT) Top Institutional Holders
2,427 institutions hold shares in Target Corp (TGT), with institutional investors hold 81.25% of the company’s shares. The shares outstanding are 461.66M, and float is at 460.48M with Short Float at 1.57%. Institutions hold 81.10% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 43.83 million shares valued at $5.78 billion. The investor’s holdings represent 9.49% of the TGT Shares outstanding. As of Jun 29, 2023, the second largest holder is State Street Corporation with 34.09 million shares valued at $4.5 billion to account for 7.38% of the shares outstanding. The other top investors are Capital World Investors which holds 32.71 million shares representing 7.09% and valued at over $4.31 billion, while Blackrock Inc. holds 7.03% of the shares totaling 32.46 million with a market value of $4.28 billion.
Target Corp (TGT) Insider Activity
A total of 2 insider transactions have happened at Target Corp (TGT) in the last six months, with sales accounting for 1 and purchases happening 1 times. The most recent transaction is an insider sale by ZABEL MATTHEW L,the company’sExecutive Officer. SEC filings show that ZABEL MATTHEW L sold 4,000 shares of the company’s common stock on Nov 28 at a price of $131.33 per share for a total of $0.53 million. Following the sale, the insider now owns 16486.0 shares.
Target Corp disclosed in a document filed with the SEC on Nov 22 that HENNINGTON CHRISTINA (Executive Officer) sold a total of 4,000 shares of the company’s common stock. The trade occurred on Nov 22 and was made at $130.55 per share for $0.52 million. Following the transaction, the insider now directly holds 38451.0 shares of the TGT stock.
Still, SEC filings show that on Nov 16, LIU DON H (Executive Officer) disposed off 16,000 shares at an average price of $130.00 for $2.08 million. The insider now directly holds 48,882 shares of Target Corp (TGT).
Target Corp (TGT): Who are the competitors?
The company’s main competitors (and peers) include Amazon.com Inc. (AMZN) that is trading 84.17% up over the past 12 months. Walmart Inc. (WMT) that is 25.78% higher over the same period.
