Target Corp (NYSE: TGT): Is This The Time To Buy?

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Target Corp (NYSE:TGT)’s traded shares stood at 4.08 million during the last session, with the company’s beta value hitting 1.24. At the close of trading, the stock’s price was $151.16, to imply an increase of 0.65% or $0.98 in intraday trading. The TGT share’s 52-week high remains $181.86, putting it -20.31% down since that peak but still an impressive 30.39% since price per share fell to its 52-week low of $105.23. The company has a valuation of $69.64B, with an average of 3.29 million shares in intraday trading volume over the past 10 days and average of 4.13 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Target Corp (TGT), translating to a mean rating of 2.08. Of 21 analyst(s) looking at the stock, 0 analyst(s) give TGT a Sell rating. 0 of those analysts rate the stock as Overweight while 4 advise Hold as 17 recommend it as a Buy.

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Target Corp (NYSE:TGT) trade information

After registering a 0.65% upside in the last session, Target Corp (TGT) has traded red over the past five days. The 5-day price performance for the stock is -3.62%, and -3.09% over 30 days. With these gigs, the year-to-date price performance is 6.14%. Short interest in Target Corp (NYSE:TGT) saw shorts transact 15.44 million shares and set a 4.17 days time to cover.

The extremes give us $80 and $265 for target low and target high price respectively. As such, TGT has been trading -75.31% off suggested target high and 47.08% from its likely low.

Target Corp (TGT) estimates and forecasts

Looking at statistics comparing Target Corp share performance against respective industry, we note that the company has outperformed competitors. Target Corp (TGT) shares are -8.24% down over the last 6 months, with its year-to-date growth rate higher than industry average at 6.60% against 6.00%.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 10.17% for the past 5-year period. While 2024 is set for a 6.98% return in earnings, projections for the next 5 years are at 8.76% annually.

TGT Dividends

Target Corp has its next earnings report out on 2024-Nov-20. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Target Corp has a forward dividend ratio of 4.42, with the share yield ticking at 2.92% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 2.25%.

Target Corp (NYSE:TGT)’s Major holders

Target Corp insiders hold 0.23% of total outstanding shares, with institutional holders owning 83.01% of the shares at 83.20% float percentage. In total, 83.01% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 44.52 million shares (or 9.6318% of shares), all amounting to roughly $6.59 billion.

The next major institution holding the largest number of shares is STATE STREET CORP with 32.75 million shares, or about 7.086% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $4.85 billion.

We also have Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the Target Corp (TGT) shares. Going by data provided on Jun 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 14.58 shares. This is just over 3.17% of the total shares, with a market valuation of $2.2 billion. Data from the same date shows that the other fund manager holds a little less at 11.87, or 2.58% of the shares, all valued at about 1.79 billion.