Target Corp (NYSE: TGT)’s stock price has gone decline by -0.36 in comparison to its previous close of 167.11, however, the company has experienced a 1.95% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-23 that Target (TGT) concluded the recent trading session at $166.53, signifying a -0.35% move from its prior day’s close.
Is It Worth Investing in Target Corp (NYSE: TGT) Right Now?
The price-to-earnings ratio for Target Corp (NYSE: TGT) is 18.62x, which is above its average ratio. Moreover, the 36-month beta value for TGT is 1.15. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 18 as “hold,” and 3 as “sell.”
The public float for TGT is 460.46M and currently, short sellers hold a 1.53% of that float. On April 24, 2024, TGT’s average trading volume was 3.84M shares.
TGT’s Market Performance
TGT stock saw a decrease of 1.95% in the past week, with a monthly decline of -1.26% and a quarterly a decrease of 18.19%. The volatility ratio for the week is 1.59%, and the volatility levels for the last 30 days are 1.84% for Target Corp (TGT). The simple moving average for the last 20 days is -2.51% for TGT’s stock, with a simple moving average of 22.03% for the last 200 days.
Analysts’ Opinion of TGT
Many brokerage firms have already submitted their reports for TGT stocks, with Gordon Haskett repeating the rating for TGT by listing it as a “Buy.” The predicted price for TGT in the upcoming period, according to Gordon Haskett is $220 based on the research report published on April 04, 2024 of the current year 2024.
HSBC Securities, on the other hand, stated in their research note that they expect to see TGT reach a price target of $195, previously predicting the price at $140. The rating they have provided for TGT stocks is “Buy” according to the report published on March 06th, 2024.
Deutsche Bank gave a rating of “Buy” to TGT, setting the target price at $206 in the report published on March 06th of the current year.
TGT Trading at 1.89% 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 -8.44% of loss for the given period.
Volatility was left at 1.84%, however, over the last 30 days, the volatility rate increased by 1.59%, as shares sank -3.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.64% upper at present.
During the last 5 trading sessions, TGT rose by +1.95%, which changed the moving average for the period of 200-days by +28.04% in comparison to the 20-day moving average, which settled at $170.49. In addition, Target Corp saw 16.91% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TGT starting from HENNINGTON CHRISTINA, who sale 4,600 shares at the price of $170.88 back on Mar 21 ’24. After this action, HENNINGTON CHRISTINA now owns 38,487 shares of Target Corp, valued at $786,048 using the latest closing price.
Kremer Melissa K, the Executive Officer of Target Corp, sale 3,000 shares at $165.05 during a trade that took place back on Mar 14 ’24, which means that Kremer Melissa K is holding 30,527 shares at $495,150 based on the most recent closing price.
Stock Fundamentals for TGT
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.27 for the gross margin
The net margin for Target Corp stands at 0.04. The total capital return value is set at 0.16. Equity return is now at value 33.55, with 7.61 for asset returns.
Based on Target Corp (TGT), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.54. The debt to equity ratio resting at 1.2. The interest coverage ratio of the stock is 11.24.
Currently, EBITDA for the company is 8.61 billion with net debt to EBITDA at 2.37. When we switch over and look at the enterprise to sales, we see a ratio of 0.91. The receivables turnover for the company is 76.5for trailing twelve months and the total asset turnover is 1.94. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.91.
Conclusion
To wrap up, the performance of Target Corp (TGT) has been better in recent times. The stock has received a bearish of “sell” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
