TGT Stock Summary and Trading Ideas (Target | NYSE:TGT)

Target serves as the nation's sixth-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices. Target's upscale and stylish image began to carry national merit in the 1990s—a decade in which the brand saw its top line grow threefold to almost $30 billion—and has since cemented itself as a top US retailer.Today, Target operates over 1,950 stores in the United States, generates over $100 billion in sales, and fulfills over 2 billion customer orders annually. The firm's vast physical footprint is typically concentrated in urban and suburban markets as the firm seeks to attract a more affluent consumer base.

Target trades on the NYSE stock market under the symbol TGT.

As of April 22, 2024, TGT stock price declined to $167.11 with 1,995,189 million shares trading.

TGT has a beta of 0.98, meaning it tends to be less sensitive to market movements. TGT has a correlation of 0.13 to the broad based SPY ETF.

TGT has a market cap of $77.13 billion. This is considered a Large Cap stock.

Last quarter Target reported $32 billion in Revenue and $2.98 earnings per share. This beat revenue expectation by $89 million and exceeded earnings estimates by $.57.

In the last 3 years, TGT stock traded as high as $268.98 and as low as $102.93.

The top ETF exchange traded funds that TGT belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.

TGT stock has underperformed the market in the last year with a return of +6.4%, while SPY returned +22.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in TGT shares. However, TGT has outperformed the market in the last 3 month and 2 week periods, returning +19.8% and -1.5%, while SPY returned +3.7% and -3.7%, respectively. This indicates TGT has been having a stronger performance recently.

TGT support price is $165.68 and resistance is $170.92 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TGT stock will trade within this expected range on the day.