In yesterday’s Wall Street session, Target Corp (NYSE:TGT) shares traded at $148.04, up 0.90% from the previous session.
TGT stock price is now -4.02% away from the 50-day moving average and 4.37% away from the 200-day moving average. The market capitalization of the company currently stands at $68.49B.
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With the price target of $116, Exane BNP Paribas recently initiated with Underperform rating for Target Corp (NYSE: TGT). On May 23, 2024, Telsey Advisory Group reiterated its ‘Outperform’ rating on the stock by increasing its target price from $195 to quote $190, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, Cornell Brian C, Executive Officer sold 45,000 shares of the company’s stock on Jun 04 ’24. The stock was sold for $6,811,250 at an average price of $151.36. Upon completion of the transaction, the Executive Officer now directly owns 348,843 shares in the company, valued at $51.64 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 21 ’24, Executive Officer HENNINGTON CHRISTINA sold 4,600 shares of the business’s stock. A total of $786,048 was realized by selling the stock at an average price of $170.88. This leaves the insider owning 38,487 shares of the company worth $5.7 million. A total of 0.25% 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 1.53, 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 $84865720320, which is based on a 16.60 price-to-earnings ratio, a 0.91 price-to-earnings-growth ratio, and a beta of 1.18. The fifty day moving average price for TGT is $153.9068 and a two-hundred day moving average price translates $141.97365 for the stock.
The latest earnings results from Target Corp (NYSE: TGT) was released for 2024-05-04. The net profit margin was 3.87% and return on equity was 32.46% for TGT. The company reported revenue of $24.53 billion for the quarter, compared to $25.32 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.12 percent.
