Target Corp (NYSE:TGT) shares, rose in value on Wednesday, January 22, with the stock price down by -1.14% to the previous day’s close as strong demand from buyers drove the stock to $135.77.
Actively observing the price movement in the last trading, the stock closed the session at $137.34, falling within a range of $135.44 and $137.27. The value of beta (5-year monthly) was 1.242 whereas the PE ratio was 14.39 over 12-month period. Referring to stock’s 52-week performance, its high was $181.86, and the low was $120.21. On the whole, TGT has fluctuated by 3.88% over the past month.
With the market capitalization of Target Corp currently standing at about $62.21 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 4.44, with its dividend yield at 3.27%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 106.12B, with a low estimate of 29.26B and a high estimate of 31.28B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 30.61B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TGT’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.40, with the price of TGT currently trading nearly -0.13% and -0.82% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.20, while the 7-day volatility ratio is showing 3.04% which for the 30-day chart, stands at 2.45%. Furthermore, Target Corp (TGT)’s beta value is 1.15, and its average true range (ATR) is 3.81.
A comparison of Target Corp (TGT) with its peers suggests the former has fared considerably weaker in the market. TGT showed an intraday change of -1.14% in last session, and over the past year, it shrunk by -1.72%%.
Data on historical trading for Target Corp (NYSE:TGT) indicates that the trading volumes over the past 10 days have averaged 5.42 and over the past 3 months, they’ve averaged 6.64 million. According to company’s latest data on outstanding shares, there are 459.24 million shares outstanding.
Nearly 0.25% of Target Corp’s shares belong to company insiders and institutional investors own 83.79% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.98 million shares as on 2024-10-31, resulting in a short ratio of 4.25. According to the data, the short interest in Target Corp (TGT) stood at 304.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 15.44 million. The stock has risen by 0.44% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TGT stock heading into the next quarter.
