TGT - Target Corporation

NYSE - NYSE Delayed Price. Currency in USD
67.85
-0.36 (-0.53%)
At close: 4:00PM EST
Stock chart is not supported by your current browser
Previous Close68.21
Open68.06
Bid45.15 x 1000
Ask0.00 x 900
Day's Range67.60 - 68.63
52 Week Range60.15 - 90.39
Volume4,888,876
Avg. Volume6,339,612
Market Cap35.406B
Beta (3Y Monthly)0.85
PE Ratio (TTM)11.26
EPS (TTM)6.03
Earnings DateMar 4, 2019 - Mar 8, 2019
Forward Dividend & Yield2.56 (3.75%)
Ex-Dividend Date2019-02-19
1y Target Est80.13
Trade prices are not sourced from all markets
  • Motley Fool6 hours ago

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  • Target (TGT) Stock Sinks As Market Gains: What You Should Know
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  • Target's Digital Strategy Is Paying Off
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  • TheStreet.com2 days ago

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  • Markit2 days ago

    See what the IHS Markit Score report has to say about Target Corp.

    # Target Corp ### NYSE:TGT View full report here! ## Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is low * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Positive Short 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 flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $13.30 billion over the last one-month into ETFs that hold TGT are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. ## Credit worthiness Credit default swap | Negative The current level displays a negative indicator. TGT credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative 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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  • What’s the Expected Upside in Target Stock?
    Market Realist3 days ago

    What’s the Expected Upside in Target Stock?

    Target Shone during the Holidays—Why Didn't Its Stock? (Continued from Prior Part) ## Ratings and target price The majority of Wall Street analysts maintain neutral outlooks on Target (TGT) stock. Analysts expect Target to benefit from increased consumer spending. Its comps are likely to sustain momentum in the coming quarters driven by growth in its traffic. Target’s investments in price, expanded digital offerings, store remodelings, the opening of small-format stores, and exclusive brand launches are expected to support its top line growth. However, pressure on its margins is expected to hurt its stock. Among the 26 analysts providing ratings on Target stock, 16 have given it “holds,” nine have given it “buys,” and one has given it a “sell.” Analysts have a consensus target price of $82.12 per share on TGT stock, which implies a potential upside of 20.3% based on its closing price of $68.29 on January 10. ## What Wall Street recommends for TGT’s peers The majority of analysts have favorable outlooks on Costco (COST) stock. Costco continues to generate strong sales and earnings growth and outperform its peers. Among the 28 analysts following COST, 17 have given it “buy” ratings, and 11 have given it “holds.” Analysts maintain a consensus target price of $237.70 on the stock, which indicates a potential upside of 12.8%. Meanwhile, of the analysts covering Walmart (WMT) stock, 18 have given it “holds,” and 14 have given it “buys.” Analysts have a consensus target price of $106.81 on WMT, which indicates a potential upside of 12.5% based on its closing price of $94.96 on January 10. Browse this series on Market Realist: * Part 1 - Target Shone during the Holidays—Why Didn’t Its Stock? * Part 2 - What’s in the Offing for Target Stock? * Part 3 - Why Target’s Digital Sales Could Grow at a Healthy Rate

  • InvestorPlace3 days ago

    Don’t Let the Rally In Bed Bath & Beyond Stock Fool You

    Shares of struggling merchandise retailer Bed Bath & Beyond (NASDAQ:BBBY) surged as much as 20% after the company reported third-quarter numbers that included a bullish forecast from management. Specifically, management said that due to the early success of a few profit-optimizing initiatives, fiscal 2019 earnings are expected to be flat with fiscal 2018 earnings, and fiscal 2020 earnings are expected to be up from both. The Street had been sitting at earnings-per-share of $2 for fiscal 2018, $1.60 for fiscal 2019 and $1.40 for fiscal 2020. Thus, the guide for $2-plus EPS in fiscal 2019 and 2020 was a huge 20%-plus lift. Consequently, BBBY stock rallied 20%. But, don't let this rally fool you. Bed Bath & Beyond still missed on revenues and comparable sales in the quarter. The comparable sales miss was wide, and comps are still negative. Gross margins are still falling. So are operating margins. Profits are down, too. InvestorPlace - Stock Market News, Stock Advice & Trading Tips In other words, nothing about the current numbers warranted a 20% rally in BBBY stock. Instead, the rally was powered entirely by what management said is going to happen. Granted, management knows their business better than anyone, so the guide shouldn't be disregarded. But, it also seems ambitious given current trends. In the big picture, a lot needs to go right in order for earnings to grow over the next several years. If that does happen, BBBY stock could essentially double. But, it probably won't happen, and as such, the stock is best avoided until there's confirmation in the numbers that presently negative trends are reversing course. ### BBBY Stock: The Quarter Was Still Awful By most retail standards, Bed Bath & Beyond's third quarter was pretty bad. * 10 A-Rated Stocks the Smart Money Is Piling Into Comparable sales dropped 1.8%. The consensus was for a 0.3% drop, so that's a wide miss. It's also a 2018 low, as comps in the first two quarters of the year dropped 0.6%. Plus, it's lower than the comp drop in 2017 (down 1.3%) and 2016 (down 0.6%). In other words, comparable sales trends are still negative, and arguably only getting worse. Meanwhile, gross margins are still falling. In the quarter, gross margins fell back by 210 basis points year-over-year. Granted, that's better than the second quarter's 270 basis point compression. But, it's also worse than the first quarter's 140 basis point compression. Also, margins have come down a lot from their peak, and the fact that they are still falling by several hundred basis points year-over-year is a bearish trend. Overall, this is still a declining comp, eroding margin company with trends that aren't getting better yet. Those trends could get better. But, a lot has to go right in order for that to happen. ### A Lot Has to Go Right Bed Bath & Beyond's struggles aren't anything new. For several years, this has been a retailer with negative comparable sales growth, eroding margins, and falling relevancy in an increasingly competitive retail world. Management implied that this era is coming to an end. Specifically, due to a few profit-optimizing initiatives, management expects margins to finally stabilize and potentially even improve over the next several years. That's a tall order. Gross margins have been in perpetual decline for most of this decade due to elevated competition. That competition is only getting bigger, stronger and fiercer than ever before, with Amazon (NASDAQ:AMZN), Walmart (NYSE:WMT) and Target (NYSE:TGT) all aggressively turning into low-cost, one-stop-shop retail destinations with unparalleled convenience. In that environment, it's tough to see BBBY's gross margins heading higher. Management could cut lower margin SKUs and/or not engage in price wars with the Big Three. It seems that's what they are planning to do. That will preserve gross margin. It will also accelerate the comparable sales erosion. If comps keep falling, or start falling by more, there's no way the company can leverage operating expenses and pull down the SG&A rate. Big picture, it's tough to see BBBY stock benefiting from a trio of positive comps, rising gross margins and falling opex rates over the next several years. If you get all three, the company could reasonably do about $3 in EPS in five years. A historically average 10X forward multiple on that implies a $30 long-term price target. But, because of the aforementioned competitive risks, you likely won't get all three. Instead, you will gross margin expansion at the expense of sales growth, and that will lead to -- at best -- stable earnings. If BBBY stock is supported by stabilized $2 EPS in five years, then an average 10X forward multiple on that implies a four-year forward price target of $20. Discounted back by 10% per year, that equates to a present value for BBBY stock of between $13 and $14. * 7 Pharmaceutical Stocks That Just Raised Prices This Year That's exactly where BBBY stock trades today, so realistic growth assumptions imply shares are fairly valued here. ### Bottom Line on BBBY Stock The quarter wasn't good, the guide is promising and there's finally a light at the end of this dark tunnel for Bed Bath & Beyond stock. But, that doesn't mean it's time to buy into the stock. Instead, Bed Bath & Beyond stock seems fully valued after its post-earnings pop, and further upside will have to be confirmed by an improvement in the numbers, which hasn't happened just yet. As of this writing, Luke Lango was long AMZN and TGT. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Key Emerging-Market Stocks to Buy for Contrarian Investors * 7 Stocks at Risk of the Global Smartphone Slowdown * 7 Pharmaceutical Stocks That Just Raised Prices This Year Compare Brokers The post Don't Let the Rally In Bed Bath & Beyond Stock Fool You appeared first on InvestorPlace.

  • Why Target’s Digital Sales Could Grow at a Healthy Rate
    Market Realist3 days ago

    Why Target’s Digital Sales Could Grow at a Healthy Rate

    Target Shone during the Holidays—Why Didn't Its Stock? (Continued from Prior Part) ## Stellar performance so far in fiscal 2018 Target Corporation’s (TGT) digital sales have accelerated sequentially in the past couple of quarters and have grown at a rapid rate. Target’s comparable digital sales rose 28%, 41%, and 49%, respectively, in the first, second, and third quarters of 2018. Meanwhile, its digital sales rose 29% during the holiday season. Moreover, its Order Pickup and Drive Up services surged 60% during the holidays and accounted for ~25% of its digital sales. In comparison, Walmart’s (WMT) digital sales also increased sequentially in the first three quarters of fiscal 2019. Walmart’s digital sales jumped 43% during its last-reported quarter as the world’s largest retailer expanded its online grocery pickup services and offered fast doorstep delivery. ## Outlook Target’s e-commerce sales are expected to sustain momentum in the coming quarters driven by the expansion of its fast-delivery options to newer markets and growth in the membership base for Shipt. At the end of the third quarter, Target had expanded its same-day delivery through Shipt to 1,400 stores across 25 markets. To match Walmart’s and Amazon’s (AMZN) curbside pickup services, Target has grown its drive-up service to ~1,000 stores. Its ship-from-store and Restock services are likely to support its e-commerce sales growth rate. Besides its convenient fulfillment options, Target’s value pricing and focus on merchandising are expected to drive its top line growth. Continue to Next Part Browse this series on Market Realist: * Part 1 - Target Shone during the Holidays—Why Didn’t Its Stock? * Part 2 - What’s in the Offing for Target Stock? * Part 4 - What’s the Expected Upside in Target Stock?

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  • Benzinga4 days ago

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  • Target will be ‘one of the top’ holiday performers: Moody’s
    MarketWatch4 days ago

    Target will be ‘one of the top’ holiday performers: Moody’s

    Target Corp. is poised to “be one of the top performers for holiday 2018,” Charlie O’Shea, Moody’s lead retail analyst, said after the retailer reported same-store sales growth of 5.7% for the November and December period.