Target is a discount store company located in Minnesota, United States, which is part of the Consumer Defensive sector, and is traded under the ticker TGT on the NYSE exchange.
Target stock last closed at $156.41, down 0.35% from the previous day, and has decreased 31.27% in one year. It has underperformed other stocks in the Discount Stores industry by 0.32 percentage points. Target stock is currently +14.03% from its 52-week low of $137.16, and -41.85% from its 52-week high of $268.98.
At the moment, there are 460.26M shares of TGT outstanding. The market cap of TGT is $71.99B. In the past 24 hours, 2.49M TGT shares were traded.
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You can view all of the due diligence checks on TGT's stock page.
Investors use many financial metrics, analyses, models, and charts to gauge TGT's true value.
Using relative valuations ratios:
You can access additional valuation analysis on TGT's stock here.
Out of 26 Equities analysts who give recommendations on TGT, the consensus analyst rating on Target is a Buy
Bradley Thomas, a top 13% analyst from KeyBanc initiates coverage on TGT with a strong buy rating and announces their TGT price target of $200.00, on Sep 14, 2022.
Thomas initiated his coverage on Target Corporation with a Strong Buy rating and a $200 price target.
His rating is "buttressed by an outlook for defensive growth, market share gains, and margin recovery to normal levels," the analyst told investors.
Walmart and Target "over-earned" during the pandemic and their "grossly inaccurate inventory positioning" is now resulting in "under-earning," Thomas said, noting that the companies' normalizing margins "are positives for patient investors."
Walmart and Target are better positioned competitively than they have been for a decade, the analyst argued.
The pandemic catalyzed e-commerce, Thomas explained, where the companies excel.*
* From here: "With 75% of the U.S. population living within 10 miles of a Target store, Target is able to leverage its store network to provide a desired service in a way that Amazon can’t.
"For example, Target provides a Drive Up service which allows customers to pull into a Target parking lot at nearly 2,000 stores one to two hours after making an online purchase and have Target employees bring their purchase directly to their car. This service has grown quickly with drive up sales up more than 70% in 2021 on top of 600% growth in 2020.
"Target’s success with pickup demonstrates how much people like picking up their e-commerce orders. Having more customers pick up their purchases also works in Target’s favour since Target does not have to pay for delivery costs."
And with respect to Walmart, from here: "Walmart’s strength in eCommerce can be seen in its results. Walmart’s e-commerce sales were up 79% in 2020 and 1% in 2021 on the back of strong growth in the prior year.
"Walmart is now the second largest e-commerce retailer in the U.S. with e-commerce making up around 13% of its sales.
"While Walmart trails Amazon by a wide margin in online sales Walmart is gaining ground."
Krisztina Katai, a top 36% analyst from Deutsche Bank maintains TGT with a strong buy rating and lowers their TGT price target from $195.00 to $193.00, on Aug 18, 2022.
Scot Ciccarelli, a top 4% analyst from Truist Securities maintains TGT with a hold rating and raises their TGT price target from $150.00 to $165.00, on Aug 18, 2022.
Mark Astrachan, a top 7% analyst from Stifel Nicolaus maintains TGT with a hold rating and raises their TGT price target from $185.00 to $195.00, on Aug 18, 2022.
Kate McShane, a bottom 6% analyst from Goldman Sachs maintains TGT with a strong buy rating and raises their TGT price target from $155.00 to $205.00, on Aug 18, 2022.
You can dig deeper into what analysts are projecting on the Target stock forecast page.
Last year, TGT earnings were $4.22B. In the last five year, TGT's earnings have increased by 12.4% per year. This was faster than the Discount Stores industry average of 10.05%.
Last year, TGT revenue was $107.86B. In the past five year, TGT's revenue has increased by 8.79% per year. This was faster than the Discount Stores industry average of 7.12%.
Dive into TGT's earnings and revenue performance here.
Over the past year, executives and large shareholders at TGT have sold more shares than they have bought.
John J. Mulligan, Executive Officer of TGT, was the latest TGT insider to sell. They sold $16,853.00 worth of TGT shares on Sep 14, 2022.
Dig into more about who owns TGT stock here.
Target pays a dividend of 3.11%, compared to the Discount Stores industry's average dividend yield of 2.42%. If you owned $1,000 of TGT stock, you would have received $31.07 in the past year.
Target dividend payments have consistently grown over the past decade and have remained stable.
Dig into more data about Target dividend yield and history here.
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