The stock of Target Corp (NYSE:TGT) last traded at $143.27, down -8.03% from the previous session.
TGT stock price is now -13.68% away from the 50-day moving average and 2.82% away from the 200-day moving average. The market capitalization of the company currently stands at $66.28B.
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With the price target maintained at $180, Citigroup recently Upgraded its rating from Neutral to Buy for Target Corp (NYSE: TGT). On April 04, 2024, Gordon Haskett reiterated its ‘Buy’ rating on the stock by increasing its target price from $200 to quote $220, while ‘HSBC Securities’ rates the stock as ‘Buy’
In other news, HENNINGTON CHRISTINA, Executive Officer sold 4,600 shares of the company’s stock on Mar 21 ’24. The stock was sold for $786,048 at an average price of $170.88. Upon completion of the transaction, the Executive Officer now directly owns 38,487 shares in the company, valued at $5.51 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 14 ’24, Executive Officer Kremer Melissa K sold 3,000 shares of the business’s stock. A total of $495,150 was realized by selling the stock at an average price of $165.05. This leaves the insider owning 30,527 shares of the company worth $4.37 million. A total of 0.26% of the company’s stock is owned by insiders.
During the past 12 months, Target Corp has had a low of $102.93 and a high of $181.86. As of last week, the company has a debt-to-equity ratio of 1.41, a current ratio of 0.86, and a quick ratio of 0.27. According to the stock market information, the enterprise value for the company is $82110357504, which is based on a 16.06 price-to-earnings ratio, a 0.88 price-to-earnings-growth ratio, and a beta of 1.19. The fifty day moving average price for TGT is $165.4842 and a two-hundred day moving average price translates $139.40034 for the stock.
The latest earnings results from Target Corp (NYSE: TGT) was released for 2024-02-03. According to the Discount Stores Company, earnings per share came in at 2.05, beating analysts’ expectations of 1.76 by 0.29. This compares to $1.89 EPS in the same period last year. The net profit margin was 3.87% and return on equity was 32.46% for TGT. The company reported revenue of $31.92 billion for the quarter, compared to $31.39 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.67 percent. For the current quarter, analysts expect TGT to generate $24.52B in revenue.
