In the past week, TGT stock has gone down by -3.17%, with a monthly decline of -8.70% and a quarterly plunge of -11.23%. The volatility ratio for the week is 1.47%, and the volatility levels for the last 30 days are 2.06% for Target Corporation. The simple moving average for the past 20 days is -4.76% for TGT’s stock, with a -20.10% simple moving average for the past 200 days.
Is It Worth Investing in Target Corporation (NYSE: TGT) Right Now?
The price-to-earnings ratio for Target Corporation (NYSE: TGT) is above average at 16.29x. The 36-month beta value for TGT is also noteworthy at 1.01. There are mixed opinions on the stock, with 11 analysts rating it as a “buy,” 2 rating it as “overweight,” 22 rating it as “hold,” and 0 rating it as “sell.”
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The average price estimated by analysts for TGT is $148.70, which is $32.21 above than the current price. The public float for TGT is 460.73M, and at present, short sellers hold a 1.94% of that float. The average trading volume of TGT on September 18, 2023 was 4.92M shares.
TGT) stock’s latest price update
Target Corporation (NYSE: TGT)’s stock price has gone decline by -3.46 in comparison to its previous close of 123.05, however, the company has experienced a -3.17% decrease in its stock price over the last five trading days. Seeking Alpha reported 2023-09-16 that TGT’s management has demonstrated great capital deployment across capex investments, deleveraging, shareholder returns, and balance sheet enhancement. The pandemic has been good for the retailer indeed, as seen by the projected improvements in its revenues and adj EPS at CAGRs of +6.2% and +8.1% through FY2025. TGT investors need not fret about the safety of its dividends as well, with the Seeking Alpha Quant currently rating it as a B.
Analysts’ Opinion of TGT
Many brokerage firms have already submitted their reports for TGT stocks, with Daiwa Securities repeating the rating for TGT by listing it as a “Neutral.” The predicted price for TGT in the upcoming period, according to Daiwa Securities is $134 based on the research report published on August 22, 2023 of the current year 2023.
TGT Trading at -8.04% from the 50-Day Moving Average
After a stumble in the market that brought TGT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -34.62% of loss for the given period.
Volatility was left at 2.06%, however, over the last 30 days, the volatility rate increased by 1.47%, as shares sank -9.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.77% lower at present.
During the last 5 trading sessions, TGT fell by -3.29%, which changed the moving average for the period of 200-days by -28.69% in comparison to the 20-day moving average, which settled at $124.10. In addition, Target Corporation saw -20.30% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TGT starting from Cornell Brian C, who sale 30,000 shares at the price of $130.70 back on Aug 18. After this action, Cornell Brian C now owns 399,669 shares of Target Corporation, valued at $3,921,135 using the latest closing price.
LIEGEL MATTHEW A, the Chief Accounting Officer of Target Corporation, sale 1,459 shares at $160.75 during a trade that took place back on May 18, which means that LIEGEL MATTHEW A is holding 3,748 shares at $234,528 based on the most recent closing price.
Stock Fundamentals for TGT
Current profitability levels for the company are sitting at:
- +3.59 for the present operating margin
- +22.46 for the gross margin
The net margin for Target Corporation stands at +2.55. The total capital return value is set at 12.79, while invested capital returns managed to touch 9.46. Equity return is now at value 29.40, with 6.30 for asset returns.
Based on Target Corporation (TGT), the company’s capital structure generated 184.05 points at debt to equity in total, while total debt to capital is 64.80. Total debt to assets is 38.76, with long-term debt to equity ratio resting at 166.02. Finally, the long-term debt to capital ratio is 58.45.
When we switch over and look at the enterprise to sales, we see a ratio of 0.70, with the company’s debt to enterprise value settled at 0.21. The receivables turnover for the company is 71.60 and the total asset turnover is 2.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.92.
Conclusion
In summary, Target Corporation (TGT) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
