TGT - Target Corporation
| Previous Close | 87.14 |
| Open | 87.51 |
| Bid | 86.62 x 900 |
| Ask | 86.64 x 1300 |
| Day's Range | 86.50 - 87.60 |
| 52 Week Range | 60.15 - 90.39 |
| Volume | 1,877,023 |
| Avg. Volume | 5,108,018 |
| Market Cap | 44.327B |
| Beta (3Y Monthly) | 0.85 |
| PE Ratio (TTM) | 15.14 |
| EPS (TTM) | 5.72 |
| Earnings Date | Aug 20, 2019 - Aug 26, 2019 |
| Forward Dividend & Yield | 2.56 (3.18%) |
| Ex-Dividend Date | 2019-08-20 |
| 1y Target Est | 88.20 |
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Weekend meltdown may cost Target, but probably not for long
Target Corp. cash registers seemed to be up and running again Monday after two days of technical glitches, and analysts said it was unlikely that the retailer would suffer much in the way of long-term fallout from customers — assuming the company puts the problem behind it quickly.
- Markit•5 hours ago
See what the IHS Markit Score report has to say about Target Corp.
Target Corp NYSE:TGTView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for TGT with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding TGT are favorable, with net inflows of $12.79 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. TGT credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
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- InvestorPlace•yesterday
Target Stock Is Still One of the Best Retail Plays
It's no secret that Amazon (NASDAQ:AMZN) shook up the retail sector, especially the brick-and-mortar boxes. That created a global trend to shift most shopping transactions online. This is not a fad and it is still in its infancy stage so it won't reverse anytime soon. All retail companies are either already present online or scrambling to get there, so the acceleration is exponential. There are a few winners but most are struggling, Most brick-and-mortar stores continue to suffer even after a decade of the AMZN shock. Some have perished along the way, and many outcomes are still in limbo.Source: Mike Mozart via Flickr (Modified)But there are clear winners like Target (NYSE:TGT), Costco (NASDAQ:COST) and Walmart (NYSE:WMT) who are still thriving. Today's write-up is to share an upside opportunity that could take Target stock to $120 per share.Year-to-date, Target stock is up 32%, which is at least 17% better than WMT and AMZN and almost double that of Costco. The SPDR S&P Retail ETF (NYSEARCA:XRT) is merely up 2% for the same period. Macy's (NYSE:M) and Kohl's (NYSE:KSS) are down 25% in 2019.InvestorPlace - Stock Market News, Stock Advice & Trading TipsClearly, Wall Street is in favor of Target's prospects. However, the next few upticks won't be easy as it is headed into resistance.Last year ended badly for stocks. The disaster started in October and TGT stock, like the rest of them, fell off a cliff on Oct. 2, but it fought hard a month before finishing the 33% correction from September top to December bottom. But since then, TGT rebounded hard and rallied 45% to recover the entire correction. * 7 Top-Rated Biotech Stocks to Invest In Today When a stock recovers from a massive accident and reaches the ledge from which it fell, usually it encounters selling. Investors who got stuck long TGT close to $90 will want out. Besides pivot zones, this usually creates congestion in price action, which translates into resistance. So, TGT will need time and a few pushes to breach through the October accident scene.The TGT rally was not sector-wide as only the stars have bounced well. The XRT, M, KSS and JC Penny (NYSE:JCP) did not recover. So clearly investor sentiment still favors owning TGT, WMT or COST in retail.This is not a coincidence since they have all used thin margins as a power pitch for a long time, even before Amazon. So this made it a fair fight among the four. WMT and COST compete the hardest in that area, but Target lies somewhere in the in the middle.Even though its stock is up more than the other three winners it is still the cheapest of them as well. TGT has a price-to-earnings ratio of 16, which is half that of WMT and COST and five times cheaper than Amazon.So why is Target the stock to buy? It's doing things right and it's still cheap. It's just a matter of picking the right entry point.Since it's coming into resistance, those who are looking to own Target shares for the long term can start with a partial position now thereby leaving room to build it up in the next few weeks.More active traders can chase the break out above the highs. TGT stock will attract buyers above $89.20 but then more at $90.50. It is important to note that it could already be in a breakout targeting $97 per share. Crossing the all-time high could raise the target to $120 per share. The bulls have been setting higher lows attacking necklines. They already crossed the one near $83 and the all-time high is the next. How to Approach Target Stock NowFundamentally, Target management found a few niches in technology and fashion and they have avoided many of the typical retail pitfalls. They've always been a bargain play but with style and they continue to build upon those tools. They've even skirted a few headlines in the past few years, so this team is competent enough to get the job done.I can say the same for Walmart and COST, but they are both too expensive right now from my taste. Wall Street is giving them too much love so they are vulnerable to negative headlines. Conversely, TGT has less froth to shed on bad news. Yes, it's more expensive than say Macy's, but for good reason -- cheaper is not always better.Critics say that Wall Street is too flippant in the face of many concerns. But this time, unlike like last year, the Federal Reserve are no longer raising rates, in fact consensus is that they are going to cut rates maybe as early as this week. So they will prop up stocks if they need to, even though we have full employment and a strong retail environment. * The 10 Best Index Funds to Buy and Hold This is pretty close to Utopia, where good and bad economic news are good for stocks. This is why the bears are unable to maintain selling pressure on the indices too long, unlike they did last fall. The buy-the-dip-gang is in full control … for now.Case in point, sellers tried to break the Target stock rally in April but they failed. Buyers successfully defended it and finished the rally job.In summary, there are few winners in the retail sector and among them TGT stock is most interesting now. But since we are still in the middle of a whirlwind of geopolitical headlines, it's best to start with a partial position thereby leaving room to add some more ever time. After all the equity markets are near all-time highs so they are vulnerable to corrections.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room free here. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Tech Stocks to Buy for the Second Half of 2019 * 7 Top-Rated Biotech Stocks to Invest In Today * 4 Semiconductor Stocks to Sell Compare Brokers The post Target Stock Is Still One of the Best Retail Plays appeared first on InvestorPlace.
- Benzinga•yesterday
Target Apologizes For 'Frustrating Shopping Experience' Over Weekend
The registers at Target went offline for two hours Saturday, leaving customers unable to complete transactions. The outage was the result of an "internal technology issue," the retailer said in a statement issued the same day. A Twitter user posted a video of dozens of Target shoppers waiting in line with their carts.
- Investopedia•yesterday
3 Discount Stores Crushing It in the Digital Era
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TGT or ROST: Which Is the Better Value Stock Right Now?
TGT vs. ROST: Which Stock Is the Better Value Option?
- Zacks•yesterday
Is Target (TGT) Outperforming Other Retail-Wholesale Stocks This Year?
Is (TGT) Outperforming Other Retail-Wholesale Stocks This Year?
- American City Business Journals•yesterday
Tech crashes bring weekend Target runs to a crawl
Target Corp. faced two days of long lines and irritated customers after an problems with its payment system technology over the weekend.
- Market Realist•yesterday
Target: ‘Technology Issue’ Caused the Outage
Over the weekend, Target (TGT) faced a series of technical issues. First, the cash registers quit working. Customers waited in long lines, while many of them abandoned their carts. Did Target have internal problems or just bad luck?
- InvestorPlace•yesterday
Why Red-Hot Target Stock Can Rise Further
Target (NYSE:TGT) stock has been red-hot in 2019 for one very simple reason: the big-box retailer is on fire. Over the past several months, TGT has fired off quarter after quarter off hugely positive comparable sales growth, second-to-none digital sales growth, profit-margin stabilization, and strong profit growth. As shown by the struggles of Nordstrom (NYSE:JWN), Macy's (NYSE:M), and J.C. Penney (NYSE:JCP), TGT has achieved all of those milestones all against the backdrop of a shaky retail environment.I Source: Mike Mozart via Flickr (Modified)Investors have celebrated Target's resilience and strength. That's why Target stock is up more than 30% this year. As for the rest of the retail sector, the SPDR S&P Retail ETF (NYSE:XRT) is up just 2% in 2019.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 7 Best Tech Stocks to Buy for the Second Half of 2019 This outperformance by Target stock will continue. That's because TGT has found a winning strategy that boils down to transforming into a low-cost, all-in-one, omnichannel retailer. There are only three other retailers of similar size that can compete with TGT in this low-cost, all-in-one, omnichannel game. Their names are Amazon (NASDAQ:AMZN), Walmart (NYSE:WMT), and Costco (NASDAQ:COST). In contrast to the other names in that group, Target has carved out a niche for itself by providing a higher-quality, physical-first shopping experience.So TGT has not just found a winning strategy in the retail sector, but it has also created a sustainable niche for itself. That means Target will remain red hot for the foreseeable future, so Target stock will continue to grind higher. Target Has Found a Winning StrategyFor a while, TGT was considered a left-for-dead retailer that would be gobbled up the e-commerce wave. But, over the past several years, two things have happened.Specifically, it became obvious that omnichannel, not e-commerce, is the future of retail, and Target's innovations enabled it to to become a second-to-none omnichannel retailer.On the first point, e-commerce is certainly where all the growth is happening in the retail world. But it's not entirely cannibalizing the physical channel. Consumers still like to go shop in stores, whether to try things on, see things first-hand, or simply relish in the physical shopping experience, or combinations of those. That's why e-commerce still represents just 10% of total retail sales, and why e-commerce growth rates are already slowing.Thus, the future of retail is not just online. It's a mix of physical and digital.As for the second point, the vibrancy of omnichannel naturally benefits large physical retailers because it costs significantly more money to build a physical store presence than to build an online one. TGT realized the advantage its large network of stores gave it, and it has run with its edge. The company has innovated left and right, rolling out things like buy-online, pick-up-in-store; same-day delivery; and automated checkouts. All of these things have helped Target become a low-cost, omnichannel retail giant.Importantly, TGT is different than its peers in the low cost, omnichannel game. Target offers a much higher quality shopping experience than Walmart, it doesn't require a membership like Costco, and it depends more on its physical stores than e-commerce, unlike Amazon. Target Stock Can Rise FurtherTGT's comparable sales growth has been 3%-plus for five straight quarters now, and roughly 5%-plus for four straight quarters. Its traffic growth has been 4%-plus for four straight quarters. TGT's digital- sales growth has run north of 30% for four straight quarters and north of 25% for five straight quarters. Its margins, which used to be under immense pressure, are starting to stabilize.Target's winning and defensible strategy has produced very strong numbers for the retailer.The company's growth will naturally slow over the next several years as its comparisons get harder and its omnichannel growth initiatives become less powerful. But its growth should remain healthy, as Target has proven that it can and will remain an important part of the U.S. retail world.As a result, 1%-3% comparable sales and revenue growth over the next several years seems doable. Its gross margins should stabilize during that stretch, as less steep discounts are offset by higher fulfillment costs. Its operating-spending rate should drop as it utilizes more automation and cuts some labor expenses. Target should report low-single-percentage-digit revenue growth and mid-to -high-single-digit-percentage profit growth over the next several years.I realistically think $8.50 is achievable by fiscal 2025. Based on a forward multiple of 16, which is average for the market, that implies a fiscal 2024 price target for Target stock of $136. Discounted by 7% per year (rather than 10%, because of the 3% yield of Target stock), that equates to a 2019 price target north of $95. The Bottom Line on TGT StockTGT is a winning retailer that has proven its staying power in the stable-growth, omnichannel retail world. As a result, it should be a slow and steady revenue and profit grower over the next several years. That slow and steady profit growth should keep TGT stock on a winning path, as long as the valuation of Target stock continues to remain in check.As of this writing, Luke Lango was long TGT, JWN, AMZN, and WMT. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Value Stocks That Are Flying Under the Radar * 6 Mouth-Watering Fast Food Stocks for Growth Investors Compare Brokers The post Why Red-Hot Target Stock Can Rise Further appeared first on InvestorPlace.
- Investing.com•yesterday
Stocks - Pfizer, Target Fall Premarket; Deutsche Bank, Boeing Rise
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- Reuters•yesterday
Target says payments vendor faces glitch; registers back online
Target said its payments vendor NCR experienced an issue at one of its data centers on Sunday afternoon, which affected the retailer's stores. The company had faced an outage on Saturday due to an "internal technology issue" which stopped customers in the United States from paying for in-store purchases.
- MarketWatch•yesterday
Outage knocks out some Target cash registers for second straight day
Technical problems plagued some Target Inc. stores again Sunday, a day after a computer outage knocked out many of its cash registers.
- TheStreet.com•2 days ago
Target Registers Back Up After Huge Outage
"They were out for an hour and some change," said an employee who answered the phone at a Target store in Boston's Fenway area in the late afternoon. Later in the evening, however, Target said it remedied the problem. "Target's registers are fully back online and guests are able to purchase their merchandise again in all stores," said Target in an emailed statement to TheStreet following several requests for a comment late in the afternoon.
- Simply Wall St.•2 days ago
Are Target Corporation's (NYSE:TGT) Interest Costs Too High?
There are a number of reasons that attract investors towards large-cap companies such as Target Corporation...
