We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Target (TGT) Dips More Than Broader Market: What You Should Know
Read MoreHide Full Article
Target (TGT - Free Report) ended the recent trading session at $113.23, demonstrating a -1.98% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.33% for the day. On the other hand, the Dow registered a gain of 0.1%, and the technology-centric Nasdaq decreased by 0.59%.
Shares of the retailer witnessed a gain of 8.84% over the previous month, beating the performance of the Retail-Wholesale sector with its loss of 3.93%, and the S&P 500's loss of 0%.
The investment community will be closely monitoring the performance of Target in its forthcoming earnings report. In that report, analysts expect Target to post earnings of $2.17 per share. This would mark a year-over-year decline of 9.96%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $30.54 billion, down 1.22% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $7.3 per share and a revenue of $104.87 billion, indicating changes of -17.61% and -1.59%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Target. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.15% upward. As of now, Target holds a Zacks Rank of #2 (Buy).
From a valuation perspective, Target is currently exchanging hands at a Forward P/E ratio of 14.9. This denotes a discount relative to the industry average Forward P/E of 27.33.
Investors should also note that TGT has a PEG ratio of 11.82 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Retail - Discount Stores industry was having an average PEG ratio of 2.99.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 23, which puts it in the top 10% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Target (TGT) Dips More Than Broader Market: What You Should Know
Target (TGT - Free Report) ended the recent trading session at $113.23, demonstrating a -1.98% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.33% for the day. On the other hand, the Dow registered a gain of 0.1%, and the technology-centric Nasdaq decreased by 0.59%.
Shares of the retailer witnessed a gain of 8.84% over the previous month, beating the performance of the Retail-Wholesale sector with its loss of 3.93%, and the S&P 500's loss of 0%.
The investment community will be closely monitoring the performance of Target in its forthcoming earnings report. In that report, analysts expect Target to post earnings of $2.17 per share. This would mark a year-over-year decline of 9.96%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $30.54 billion, down 1.22% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $7.3 per share and a revenue of $104.87 billion, indicating changes of -17.61% and -1.59%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Target. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.15% upward. As of now, Target holds a Zacks Rank of #2 (Buy).
From a valuation perspective, Target is currently exchanging hands at a Forward P/E ratio of 14.9. This denotes a discount relative to the industry average Forward P/E of 27.33.
Investors should also note that TGT has a PEG ratio of 11.82 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Retail - Discount Stores industry was having an average PEG ratio of 2.99.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 23, which puts it in the top 10% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.