Target Corporation, a retail giant, is headquartered in Minneapolis, Minnesota. Founded in 1902, the company offers a wide range of products, including apparel, beauty products, electronics, furniture, groceries and more. With nearly 2,000 stores and a significant online presence, Target is known for its guest-centric services, operational excellence and community engagement. The company's strategic investments aim to enhance the guest experience and drive long-term growth, reflecting its commitment to delivering quality products and services to customers.
In the third quarter of 2023, Target faced a decline in sales, with comparable sales falling by 4.9% due to reduced store visits and selective consumer spending. The company's profit increased by 36%, indicating effective cost management and operational efficiency. Analysts predict that Target's revenue will be impacted by the evolving consumer behavior and the holiday shopping season, with expectations between $25 billion and $26 billion. For 2024, Target is expected to focus on its digital initiatives and omni-channel strategies to drive sales growth and enhance customer experience, with a strategic emphasis on product innovation and supply chain optimization.
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Over the last 12 months, Target Corporation's shares have ranged in value from as little as $101.1258 up to $181.86. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Target Corporation's is 1.151. This would suggest that Target Corporation's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Historical closes compared with the last close of $164.74
| 1 week (2024-04-18) | -2.12% |
|---|---|
| 1 month (2024-03-26) | -5.69% |
| 3 months (2024-01-25) | 15.58% |
| 6 months (2023-10-26) | 53.63% |
| 1 year (2023-04-26) | 4.17% |
| 2 years (2022-04-26) | -28.67% |
| 3 years (2021-04-26) | -19.39% |
| 5 years (2019-04-25) | 113.62% |
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
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Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Target Corporation P/E ratio, PEG ratio and EBITDA
Target Corporation's current stock price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 18x. In other words, Target Corporation stocks trade at around 18x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 09, 2023 (20.44). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Target Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.5616. Higher PEG ratios such as this can be interpreted as meaning the shares offer worse value given the current rate of growth.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Target Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.
Target Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $8.7 billion.
The EBITDA is a measure of a Target Corporation's overall financial performance and is widely used to measure a its profitability.
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