Target Corp (NYSE: TGT) is -7.60% lower on its value in year-to-date trading and has touched a low of $120.21 and a high of $181.86 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TGT stock was last observed hovering at around $132.45 in the last trading session, with the day’s loss setting it -0.85%.
Currently trading at $131.60, the stock is -0.22% and -8.86% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.79 million and changing -0.64% at the moment leaves the stock -13.63% off its SMA200. TGT registered -4.89% loss for a year compared to 6-month gain of -7.68%. The firm has a 50-day simple moving average (SMA 50) of $144.7336 and a 200-day simple moving average (SMA200) of $152.46335.
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The stock witnessed a -13.50% loss in the last 1 month and extending the period to 3 months gives it a -14.32%, and is -2.55% 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 2.04% over the week and 2.74% over the month.
Target Corp (TGT) has around 415000 employees, a market worth around $60.30B and $107.57B in sales. Current P/E ratio is 13.94 and Fwd P/E is 14.27. Profit margin for the company is 4.06%. Distance from 52-week low is 9.48% and -27.64% from its 52-week high. The company has generated returns on investments over the last 12 months (13.55%).
with sales reaching $30.28B over the same period.The EPS is expected to shrink by -3.92% this year, but quarterly earnings will post -1.44% year-over-year. Quarterly sales are estimated to shrink -5.14% in year-over-year returns.
Target Corp (TGT) Top Institutional Holders
2488.0 institutions hold shares in Target Corp (TGT), with institutional investors hold 85.20% of the company’s shares. The shares outstanding are 459.24M, and float is at 457.09M with Short Float at 3.01%. Institutions hold 85.00% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 44.52 million shares valued at $6.59 billion. The investor’s holdings represent 9.6318% of the TGT Shares outstanding. As of 2024-06-30, the second largest holder is STATE STREET CORP with 32.75 million shares valued at $4.85 billion to account for 7.086 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 32.41 million shares representing 7.0119% and valued at over $4.8 billion, while CAPITAL WORLD INVESTORS holds 4.4528 of the shares totaling 20.58 million with a market value of $3.05 billion.
Target Corp (TGT) Insider Activity
The most recent transaction is an insider sale by Gomez Richard H., the company’s Executive Officer. SEC filings show that Gomez Richard H. sold 6,348 shares of the company’s common stock on Sep 27 ’24 at a price of $157.17 per share for a total of $1.0 million. Following the sale, the insider now owns 0.12 million shares.
Still, SEC filings show that on Aug 30 ’24, LIEGEL MATTHEW A (Chief Accounting Officer) disposed off 1,000 shares at an average price of $153.13 for $0.15 million. The insider now directly holds 7,276 shares of Target Corp (TGT).
