Is Target a risky stock?
Target has a volatility of 2.05 and is 3.36 times more volatile than NYSE Composite. 18 of all equities and portfolios are less risky than Target. Compared to the overall equity markets, volatility of historical daily returns of Target is lower than 18 () of all global equities and portfolios over the last 90 days.
The highest analyst price target is $200.00 ,the lowest forecast is $142.00. The average price target represents 2.99% Increase from the current price of $168.58. Target's analyst rating consensus is a Moderate Buy. This is based on the ratings of 21 Wall Streets Analysts.
Target Corp's trailing 12-month revenue is $106.9 billion with a 3.4% profit margin. Year-over-year quarterly sales growth most recently was -4.2%. Analysts expect adjusted earnings to reach $9.338 per share for the current fiscal year. Target Corp currently has a 2.6% dividend yield.
Fair Value Estimate for Target
With its 2-star rating, we believe Target's stock is overvalued compared with our long-term fair value estimate of $132.
TGT sits at a Zacks Rank #2 (Buy), holds a Value Style Score of A, and has a VGM Score of B. Compared to the Retail - Discount Stores industry's P/E of 22.5X, shares of Target are trading at a forward P/E of 16.4X. TGT also has a PEG Ratio of 1.2, a Price/Cash Flow ratio of 12.6X, and a Price/Sales ratio of 0.7X.
The company's initial 2024 guidance appears reasonable, while leaving room for upside, the firm tells investors in a research note. HSBC also upgraded Target to Buy from Hold with a price target of $195, up from $140.
| Company (ticker) | Analysts' consensus recommendation score | Analysts' consensus recommendation |
|---|---|---|
| Amazon.com (AMZN) | 1.30 | Strong Buy |
| Microsoft (MSFT) | 1.33 | Strong Buy |
| Delta Air Lines (DAL) | 1.33 | Strong Buy |
| Nvidia (NVDA) | 1.38 | Strong Buy |
Target has a volatility of 2.06 and is 3.22 times more volatile than NYSE Composite. 18 of all equities and portfolios are less risky than Target. Compared to the overall equity markets, volatility of historical daily returns of Target is lower than 18 () of all global equities and portfolios over the last 90 days.
As of 2024-03-14, the Fair Value of Target Corp (TGT) is 53.45 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 166.67 USD, the upside of Target Corp is -67.9%.
Largest shareholders include Vanguard Group Inc, State Street Corp, BlackRock Inc., Capital World Investors, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Massachusetts Financial Services Co /ma/, Franklin Resources Inc, Wells Fargo & Company/mn, and ...
Is Target expected to grow?
For first quarter 2024, the Company expects a comparable sales decline of 3 to 5 percent. First quarter GAAP and Adjusted EPS are both expected to range from $1.70 to $2.10. For the full year, the Company expects a modest increase in comparable sales in a range from flat to two percent.
Target's (NYSE: TGT) earnings showed the company making progress on margins, and investors are cheering the expected return to growth in 2024. In this video, Travis Hoium digs into the most important numbers for the company.
Inventory issues and shrink, mostly retail theft, expected to hit profits to the tune of $1.2 billion between this year and last year. Rising theft caused Target to close nine stores this fall in cities that were hit the hardest, including Seattle, San Francisco, and New York.
Out of 26 analysts, 12 (46.15%) are recommending TGT as a Strong Buy, 4 (15.38%) are recommending TGT as a Buy, 10 (38.46%) are recommending TGT as a Hold, 0 (0%) are recommending TGT as a Sell, and 0 (0%) are recommending TGT as a Strong Sell. If you're new to stock investing, here's how to buy Target stock.
Target is a solid dividend stock with over 50 years of consecutive increases, making it a Dividend King. But investors need more than just a long track record to buy income stocks these days after Walgreens (NASDAQ:WBA) dividend debacle.
Target's current payout ratio is 56%. This means it paid out 56% of its trailing 12-month EPS as dividend. Earnings growth looks solid for TGT for this fiscal year. The Zacks Consensus Estimate for 2024 is $9.17 per share, with earnings expected to increase 2.57% from the year ago period.
Based on short-term price targets offered by 29 analysts, the average price target for Target comes to $179.48. The forecasts range from a low of $134.00 to a high of $206.00. The average price target represents an increase of 7.69% from the last closing price of $166.67.
| Label | Value |
|---|---|
| Exchange | NYSE |
| Sector | Consumer Discretionary |
| Industry | Department/Specialty Retail Stores |
| 1 Year Target | $177.00 |
Benefits of Holding a Stock
A hold position is not a bad one, and even stocks that are labelled as a hold can appreciate in price over time. They are just not seen as likely to outperform other comparable stocks.
- Microsoft.
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What are 3 good stocks to invest in?
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| Humana (HUM) | 13.9 |
| Fidelity National Information Services (FIS) | 13.4 |
| Citigroup (C) | 8.0 |
| Lear (LEA) | 7.7 |
| Company Name | LTP | High |
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| Power Grid Corpn | 265.95 | 272 |
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By 2040, Target plans for 100% of our owned brand products to be designed for a circular future. Our teams will continue designing to eliminate waste — using materials that are regenerative, recycled or sourced sustainably — to create products that are more durable, easily repaired or recyclable.
Target was one of the strongest-performing retailers during the pandemic as consumers flocked to stores and its website while stuck at home. But Target has slipped as consumers change their spending patterns. Americans are spending more on experiences, including concerts and movies, and less on nonessential items.
Target risk assets are classes of assets excluded from coverage under either insurance policies or reinsurance treaties due to the specific risk they pose. A separate insurance policy or reinsurance treaty may cover a target risk asset.
