In today’s recent session, 29.42 million shares of the Target Corp (NYSE:TGT) have been traded, and its beta is 1.22. Most recently the company’s share price was $124.12, and it changed around -$31.88 or -20.44% from the last close, which brings the market valuation of the company to $57.18B. TGT at last check was trading at a discount to its 52-week high of $181.86, offering almost -46.52% off that amount. The share price’s 52-week low was $128.37, which indicates that the recent value has fallen by an impressive -3.42% since then. We note from Target Corp’s average daily trading volume that its 10-day average is 5.15 million shares, with the 3-month average coming to 4.16 million.
Target Corp stock received a consensus recommendation rating of Hold, based on a mean score of 2.08. If we narrow it down even further, the data shows that 3 out of 41 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 18 recommended TGT as a Hold, whereas 15 deemed it a Buy, and 1 rated it as Underweight. Target Corp is expected to report earnings per share of 2.62 for the current quarter.
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Target Corp (NYSE:TGT) trade information
Instantly TGT has been showing red trend so far today with a performance of -20.44% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 158.42 on recent trading dayincreased the stock’s daily price by 21.65%. The company’s shares are currently down -12.85% year-to-date, but still down -19.92% over the last five days. On the other hand, Target Corp (NYSE:TGT) is -16.80% down in the 30-day period. We can see from the shorts that 13.98 million shares have been sold at a short interest cover period of 4.25 day(s).
The consensus price target as assigned by Wall Street analysts is $180, which translates to bulls needing to increase their stock price by 31.04% from its current value. Analyst projections state that TGT is forecast to be at a low of $80 and a high of $265.
Target Corp (TGT) estimates and forecasts
Target Corp share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -13.37 percent over the past six months and at a 6.82% annual growth rate that is well above the industry average of 6.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -12.18% in revenue this quarter, and will report an increase of 10.13% in the next quarter. The year-over-year growth rate is expected to be -0.61%, down from the previous year.
Consensus estimates provided by 21 financial analysts predict the company will bring in an average of 30.87B in revenue for the current quarter. 14 analysts expect Target Corp to make 25.34B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 31.92B and 24.53B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -3.29%. Forecasts for the next quarter put sales growth at 3.28%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 10.17%. Target Corp earnings are expected to increase by 6.89% in 2024, but the outlook is positive 8.12% per year for the next five years.
TGT Dividends
Target Corp’s next quarterly earnings report is expected to be released in December. The annual dividend yield of the stock is 2.67 percent and its annual dividend per share was 3.32. It is important to note, however, that the 2.67% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.26 per year.
Target Corp (NYSE:TGT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.24% of Target Corp shares, and 85.00% of them are in the hands of institutional investors. The stock currently has a share float of 85.20%. Target Corp stock is held by 2488.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.6318% of the shares, which is about 44.52 million shares worth $6.59 billion.
STATE STREET CORP, with 7.086% or 32.75 million shares worth $4.85 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 14.58 shares worth $1.79 billion, making up 3.17% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 11.87 shares worth around $1.46 billion, which represents about 2.58% of the total shares outstanding.
