24-Apr-2024
Walmart, Kroger shares hint at concerns about Amazon's low-cost delivery plan, UBS says
Seeking Alpha News (Wed, 24-Apr 1:46 PM ET)
Amazon rolls out low-cost grocery delivery subscription
Seeking Alpha News (Tue, 23-Apr 7:36 AM ET)
Target Serves Up Exclusive Pickleball Collection with Popular Tennis Brand Prince
PRNewswire (Tue, 16-Apr 6:01 AM ET)
PRNewswire (Tue, 2-Apr 9:00 AM ET)
TGT Bullish Calendar Call Spread with 261% Upside
Market Chameleon (Mon, 1-Apr 10:06 AM ET)
Sportsman's Warehouse Announces New Executive Leadership
Globe Newswire (Tue, 19-Mar 4:05 PM ET)
Target Corporation Declares Regular Quarterly Dividend
PRNewswire (Wed, 13-Mar 6:30 AM ET)
TGT Bullish Calendar Call Spread with 133% Upside
Market Chameleon (Wed, 6-Mar 9:53 AM ET)
Target Announces Plans to Deliver Enhanced Shopping Experience in 2024 and Beyond
PRNewswire (Tue, 5-Mar 1:00 PM ET)
TGT Bullish Calendar Call Spread with 293% Upside
Market Chameleon (Tue, 5-Mar 9:53 AM ET)
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 24, 2024, TGT stock price declined to $165.34 with 2,115,339 million shares trading.
TGT has a beta of 0.99, meaning it tends to be less sensitive to market movements. TGT has a correlation of 0.14 to the broad based SPY ETF.
TGT has a market cap of $76.31 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 has underperformed the market in the last year with a price return of +5.3% while the SPY ETF gained +24.2%. However, in the short term, TGT had mixed performance relative to the market. It has outperformed in the last 3 months, returning +18.1% vs +4.6% return in SPY. But in the last 2 weeks, TGT shares have been beat by the market, returning -3.7% compared to an SPY return of -2.7%.
TGT support price is $163.97 and resistance is $169.05 (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.