Target Corp (NYSE: TGT) on Monday, plunged -1.23% from the previous trading day, before settling in for the closing price of $151.16. Within the past 52 weeks, TGT’s price has moved between $105.23 and $181.86.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Defensive sector was 7.62%. The company achieved an average annual earnings per share of 6.98%. With a float of $459.39 million, this company’s outstanding shares have now reached $461.68 million.
Considering the fact that the conglomerate employs 415000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 26.69%, operating margin of 5.7%, and the pretax margin is 5.39%.
Target Corp (TGT) Insider Activity
Observing investor behavior towards Discount Stores industry stocks is more important than anything else. The insider ownership of Target Corp is 0.28%, while institutional ownership is 82.78%. The most recent insider transaction that took place on Sep 27 ’24, was worth 997,715. In this transaction Executive Officer of this company sold 6,348 shares at a rate of $157.17, taking the stock ownership to the 123,551 shares. Before that another transaction happened on Sep 27 ’24, when Company’s Officer proposed sale 6,348 for $157.17, making the entire transaction worth $997,716.
Target Corp (TGT) Earnings and Forecasts
As on 7/31/2024, Multinational firm has announced its last quarter scores, in which it reported 2.1 earnings per share (EPS) for the period topping the consensus outlook (set at 1.48) by 0.62. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.67 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 6.98% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.76% during the next five years compared to 10.17% growth over the previous five years of trading.
Target Corp (NYSE: TGT) Trading Performance Indicators
Target Corp (TGT) is currently performing well based on its current performance indicators. A quick ratio of 0.27 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.64. Likewise, its price to free cash flow for the trailing twelve months is 13.06.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 9.69, a number that is poised to hit 2.30 in the next quarter and is forecasted to reach 10.52 in one year’s time.
Technical Analysis of Target Corp (TGT)
Compared to the last year’s volume of 3.94 million, its volume of 3.29 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 20.13%. Additionally, its Average True Range was 3.32.
During the past 100 days, Target Corp’s (TGT) raw stochastic average was set at 48.26%, which indicates a significant increase from 13.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.59% in the past 14 days, which was lower than the 29.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $153.29, while its 200-day Moving Average is $153.26. Nevertheless, the first resistance level for the watch stands at $152.03 in the near term. At $154.75, the stock is likely to face the second major resistance level. The third major resistance level sits at $156.13. If the price goes on to break the first support level at $147.93, it is likely to go to the next support level at $146.55. Should the price break the second support level, the third support level stands at $143.83.
Target Corp (NYSE: TGT) Key Stats
Market capitalization of the company is 68.78 billion based on 462,637K outstanding shares. Right now, sales total 107,412 M and income totals 4,138 M. The company made 25,452 M in profit during its latest quarter, and 1,192 M in sales during its previous quarter.
