During the recent session, Target Corporation (NYSE:TGT)’s traded shares were 1.14 million, with the beta value of the company hitting 0.94. At the last check today, the stock’s price was $221.89, reflecting an intraday gain of 2.13% or $4.62. The 52-week high for the TGT share is $268.98, that puts it down -21.22 from that peak though still a striking 17.08% gain since the share price plummeted to a 52-week low of $184.00. The company’s market capitalization is $103.22B, and the average intraday trading volume over the past 10 days was 3.49 million shares, and the average trade volume was 3.96 million shares over the past three months.
Target Corporation (TGT) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.00. TGT has a Sell rating from 0 analyst(s) out of 30 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while 4 suggest Overweight, and 18 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $2.87.
Target Corporation (NYSE:TGT) trade information
Target Corporation (TGT) registered a 2.13% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.13% in intraday trading to $221.89 this Thursday, 05/12/22, hitting a weekly high. The stock’s 5-day price performance is -5.85%, and it has moved by -6.08% in 30 days. Based on these gigs, the overall price performance for the year is 4.15%. The short interest in Target Corporation (NYSE:TGT) is 8.97 million shares and it means that shorts have 2.15 day(s) to cover.
The consensus price target of analysts on Wall Street is $277.77, which implies an increase of 20.12% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $230.00 and $365.00 respectively. As a result, TGT is trading at a discount of -64.5% off the target high and -3.65% off the low.
Target Corporation (TGT) estimates and forecasts
Statistics show that Target Corporation has underperformed its competitors in share price, compared to the industry in which it operates. Target Corporation (TGT) shares have gone down -14.48% during the last six months, with a year-to-date growth rate less than the industry average at 7.67% against 8.90. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 7.50% this quarter and then drop -19.80% in the quarter after that. In the rating firms’ projections, revenue will increase 13.80% compared to the previous financial year.
Revenue for the current quarter is expected to be $31.55 billion as predicted by 18 analyst(s). Meanwhile, a consensus of 15 analyst(s) estimates revenue growth to $23.96 billion by the end of Apr 2022.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 25.20%. While earnings are projected to return 63.10% in 2022, the next five years will return 14.02% per annum.
Target Corporation is due to release its next quarterly earnings between February 28 and March 04. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Target Corporation is 3.60, with the dividend yield indicating at 1.66 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 2.68%.
Target Corporation (NYSE:TGT)’s Major holders
Target Corporation insiders own 0.18% of total outstanding shares while institutional holders control 81.22%, with the float percentage being 81.37%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 2,705 institutions own stock in it. As of Dec 30, 2021, the company held over 42.66 million shares (or 8.90% of all shares), a total value of $9.87 billion in shares.
The next largest institutional holding, with 39.46 million shares, is of Blackrock Inc.’s that is approximately 8.24% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $9.13 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Target Corporation (TGT) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Sep 29, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 13.83 million shares. This amounts to just over 2.89 percent of the company’s overall shares, with a $3.16 billion market value. The same data shows that the other fund manager holds slightly less at 10.39 million, or about 2.17% of the stock, which is worth about $2.38 billion.