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TGT Stock Forecast: All the More Reason to Consider Target Corp (TGT) Now

Target Corp (NYSE: TGT) is 3.64% higher on its value in year-to-date trading and has touched a low of $102.93 and a high of $181.86 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 $148.72 in the last trading session, with the day’s loss setting it -1.12%.

Currently trading at $147.60, the stock is 1.13% and -2.79% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.85 million and changing -0.75% at the moment leaves the stock 3.53% off its SMA200. TGT registered 13.49% gain for a year compared to 6-month gain of 4.87%.

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The stock witnessed a 1.70% loss in the last 1 month and extending the period to 3 months gives it a -13.02%, and is 1.28% 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 1.77% over the week and 1.96% over the month.

Target Corp (TGT) has around 415000 employees, a market worth around $68.29B and $106.62B in sales. Current P/E ratio is 16.55 and Fwd P/E is 14.20. Profit margin for the company is 3.87%. Distance from 52-week low is 43.40% and -18.84% from its 52-week high. The company has generated returns on investments over the last 12 months (13.44%).

The EPS is expected to grow by 4.26% this year.

Target Corp (TGT) Top Institutional Holders

The shares outstanding are 461.68M, and float is at 461.47M with Short Float at 1.78%.

Target Corp (TGT) Insider Activity

The most recent transaction is an insider sale by Cornell Brian C,the company’sExecutive Officer. SEC filings show that Cornell Brian C sold 45,000 shares of the company’s common stock on Jun 04 ’24 at a price of $151.36 per share for a total of $6.81 million. Following the sale, the insider now owns 0.35 million shares.

Target Corp disclosed in a document filed with the SEC on Mar 21 ’24 that HENNINGTON CHRISTINA (Executive Officer) sold a total of 4,600 shares of the company’s common stock. The trade occurred on Mar 21 ’24 and was made at $170.88 per share for $0.79 million. Following the transaction, the insider now directly holds 38487.0 shares of the TGT stock.

Still, SEC filings show that on Mar 14 ’24, Kremer Melissa K (Executive Officer) disposed off 3,000 shares at an average price of $165.05 for $0.5 million. The insider now directly holds 30,527 shares of Target Corp (TGT).

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