Target Corp (NYSE: TGT) is 21.22% higher on its value in year-to-date trading and has touched a low of $102.93 and a high of $175.53 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 $172.66 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $172.64, the stock is 4.82% and 13.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.51 million and changing -0.01% at the moment leaves the stock 30.01% off its SMA200. TGT registered 10.51% gain for a year compared to 6-month gain of 53.79%. The firm has a 50-day simple moving average (SMA 50) of $0.89 and a 200-day simple moving average (SMA200) of $11.11.
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The stock witnessed a 14.98% loss in the last 1 month and extending the period to 3 months gives it a 23.14%, and is 2.63% 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 1.50% over the week and 1.88% over the month.
Target Corp (TGT) has around 415000 employees, a market worth around $79.71B and $107.41B in sales. Current P/E ratio is 19.31 and Fwd P/E is 16.37. Profit margin for the company is 3.85%. Distance from 52-week low is 67.73% and -1.65% from its 52-week high. The company has generated returns on investments over the last 12 months (13.08%).
Target Corp quarterly earnings per share for the current quarter are estimated at $2.02 with sales reaching $24.51B over the same period.The EPS is expected to grow by 5.06% this year, but quarterly earnings will post -0.20% year-over-year.
Target Corp (TGT) Top Institutional Holders
2,436 institutions hold shares in Target Corp (TGT), with institutional investors hold 81.35% of the company’s shares. The shares outstanding are 461.68M, and float is at 460.51M with Short Float at 1.60%. Institutions hold 81.19% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 44.95 million shares valued at $7.76 billion. The investor’s holdings represent 9.73% of the TGT Shares outstanding. As of Dec 30, 2023, the second largest holder is State Street Corporation with 35.98 million shares valued at $6.21 billion to account for 7.79% of the shares outstanding. The other top investors are Blackrock Inc. which holds 32.47 million shares representing 7.03% and valued at over $5.61 billion, while Capital World Investors holds 5.50% of the shares totaling 25.39 million with a market value of $4.38 billion.
Target Corp (TGT) Insider Activity
The most recent transaction is an insider sale by HENNINGTON CHRISTINA,the company’sExecutive Officer. SEC filings show that HENNINGTON CHRISTINA sold 4,600 shares of the company’s common stock on Mar 21 ’24 at a price of $170.88 per share for a total of $0.79 million. Following the sale, the insider now owns 38487.0 shares.
Target Corp disclosed in a document filed with the SEC on Mar 14 ’24 that Kremer Melissa K (Executive Officer) sold a total of 3,000 shares of the company’s common stock. The trade occurred on Mar 14 ’24 and was made at $165.05 per share for $0.5 million. Following the transaction, the insider now directly holds 30527.0 shares of the TGT stock.
Still, SEC filings show that on Mar 11 ’24, Cornell Brian C (Executive Officer) disposed off 45,000 shares at an average price of $167.52 for $7.54 million. The insider now directly holds 346,919 shares of Target Corp (TGT).
