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

Target serves as the nation's seventh-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 leading 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 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 December 3, 2024, TGT stock price declined to $129.82 with 2,482,819 million shares trading.

TGT has a beta of 0.38, meaning it tends to be less sensitive to market movements. TGT has a correlation of 0.02 to the broad based SPY ETF.

TGT has a market cap of $59.49 billion. This is considered a Large Cap stock.

Last quarter Target reported $26 billion in Revenue and $1.85 earnings per share. This fell short of revenue expectation by $-232 million and missed earnings estimates by -$.45.

In the last 3 years, TGT traded as high as $254.87 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 +0.4% while the SPY ETF gained +32.9%. TGT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -14.8% and -16.4%, respectively, while the SPY returned +7.3% and +2.5%, respectively.

TGT support price is $128.48 and resistance is $132.96 (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 shares will trade within this expected range on the day.