Target Corp (NYSE: TGT) is 1.34% 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 $144.63 in the last trading session, with the day’s loss setting it -0.3%.
Currently trading at $144.33, the stock is 1.93% and -0.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.7 million and changing -0.21% at the moment leaves the stock -2.36% off its SMA200. TGT registered 10.00% gain for a year compared to 6-month gain of -3.71%.
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The stock witnessed a -4.43% loss in the last 1 month and extending the period to 3 months gives it a -7.90%, and is 5.61% 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 2.13% over the week and 2.45% over the month.
Target Corp (TGT) has around 415000 employees, a market worth around $66.77B and $106.62B in sales. Current P/E ratio is 16.18 and Fwd P/E is 14.09. Profit margin for the company is 3.87%. Distance from 52-week low is 40.22% and -20.64% 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 3.25% this year.
Target Corp (TGT) Top Institutional Holders
2462.0 institutions hold shares in Target Corp (TGT), with institutional investors hold 83.02% of the company’s shares. The shares outstanding are 461.68M, and float is at 460.80M with Short Float at 2.62%. Institutions hold 82.85% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 44.5 million shares valued at $7.89 billion. The investor’s holdings represent 9.627 of the TGT Shares outstanding. As of 2024-03-31, the second largest holder is STATE STREET CORP with 34.1 million shares valued at $6.04 billion to account for 7.3769 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 32.14 million shares representing 6.9532 and valued at over $5.7 billion, while CAPITAL WORLD INVESTORS holds 5.489 of the shares totaling 25.37 million with a market value of $4.5 billion.
Target Corp (TGT) Insider Activity
The most recent transaction is an insider sale by Cornell Brian C, the company’s Executive 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).
