The stock of Target Corp (NYSE: TGT) has increased by 2.80 when compared to last closing price of 146.13. Despite this, the company has experienced a 6.42% gain in its stock price over the last five trading sessions. techcrunch.com reported 2024-06-24 that Shopify merchants can now sell their items to Target’s millions of shoppers, thanks to a new partnership. The companies announced on Monday that sellers on the commerce platform can apply to join Target Plus, the retail giant’s third-party marketplace where merchants can sell and manage orders.
Is It Worth Investing in Target Corp (NYSE: TGT) Right Now?
Target Corp (NYSE: TGT) has a higher price-to-earnings ratio of 16.84x compared to its average ratio, The 36-month beta value for TGT is at 1.19. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 18 as “hold,” and 3 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for TGT is 461.47M, and currently, shorts hold a 1.72% of that float. The average trading volume for TGT on June 24, 2024 was 3.85M shares.
TGT’s Market Performance
TGT’s stock has seen a 6.42% increase for the week, with a 4.85% rise in the past month and a -10.92% fall in the past quarter. The volatility ratio for the week is 2.19%, and the volatility levels for the past 30 days are at 2.32% for Target Corp The simple moving average for the last 20 days is 2.30% for TGT stock, with a simple moving average of 6.26% for the last 200 days.
Analysts’ Opinion of TGT
Many brokerage firms have already submitted their reports for TGT stocks, with Exane BNP Paribas repeating the rating for TGT by listing it as a “Underperform.” The predicted price for TGT in the upcoming period, according to Exane BNP Paribas is $116 based on the research report published on June 03, 2024 of the current year 2024.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see TGT reach a price target of $190, previously predicting the price at $195. The rating they have provided for TGT stocks is “Outperform” according to the report published on May 23rd, 2024.
Citigroup gave a rating of “Buy” to TGT, setting the target price at $180 in the report published on May 07th of the current year.
TGT Trading at -3.55% 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 -17.40% of loss for the given period.
Volatility was left at 2.32%, however, over the last 30 days, the volatility rate increased by 2.19%, as shares surge +3.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.47% lower at present.
During the last 5 trading sessions, TGT rose by +6.23%, which changed the moving average for the period of 200-days by +21.22% in comparison to the 20-day moving average, which settled at $147.12. In addition, Target Corp saw 5.48% 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 Cornell Brian C, who sale 45,000 shares at the price of $151.36 back on Jun 04 ’24. After this action, Cornell Brian C now owns 348,843 shares of Target Corp, valued at $6,811,250 using the latest closing price.
HENNINGTON CHRISTINA, the Executive Officer of Target Corp, sale 4,600 shares at $170.88 during a trade that took place back on Mar 21 ’24, which means that HENNINGTON CHRISTINA is holding 38,487 shares at $786,048 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 32.46, with 7.70 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 0.53. The debt to equity ratio resting at 1.16. The interest coverage ratio of the stock is 12.16.
Currently, EBITDA for the company is 8.61 billion with net debt to EBITDA at 1.85. When we switch over and look at the enterprise to sales, we see a ratio of 0.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.86.
Conclusion
In conclusion, Target Corp (TGT) has had a better performance lately. Opinion on the stock among analysts is bearish, with some giving it a “sell” rating and others 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.
