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Target (TGT) Ascends While Market Falls: Some Facts to Note
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In the latest trading session, Target (TGT - Free Report) closed at $130.18, marking a +1.83% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.24%. On the other hand, the Dow registered a loss of 0.01%, and the technology-centric Nasdaq decreased by 0.26%.
Coming into today, shares of the retailer had gained 12.87% in the past month. In that same time, the Retail-Wholesale sector gained 7.72%, while the S&P 500 gained 6.42%.
The upcoming earnings release of Target will be of great interest to investors. The company's upcoming EPS is projected at $1.34, signifying a 3.08% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $24.26 billion, indicating a 1.72% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $8.04 per share and a revenue of $106.78 billion, demonstrating changes of +6.21% and +1.91%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Target. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection remained stagnant. Target is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Target is at present trading with a Forward P/E ratio of 15.91. Its industry sports an average Forward P/E of 30.82, so one might conclude that Target is trading at a discount comparatively.
We can also see that TGT currently has a PEG ratio of 5.32. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Retail - Discount Stores industry had an average PEG ratio of 3.1.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 71, positioning it in the top 30% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Target (TGT) Ascends While Market Falls: Some Facts to Note
In the latest trading session, Target (TGT - Free Report) closed at $130.18, marking a +1.83% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.24%. On the other hand, the Dow registered a loss of 0.01%, and the technology-centric Nasdaq decreased by 0.26%.
Coming into today, shares of the retailer had gained 12.87% in the past month. In that same time, the Retail-Wholesale sector gained 7.72%, while the S&P 500 gained 6.42%.
The upcoming earnings release of Target will be of great interest to investors. The company's upcoming EPS is projected at $1.34, signifying a 3.08% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $24.26 billion, indicating a 1.72% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $8.04 per share and a revenue of $106.78 billion, demonstrating changes of +6.21% and +1.91%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Target. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection remained stagnant. Target is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Target is at present trading with a Forward P/E ratio of 15.91. Its industry sports an average Forward P/E of 30.82, so one might conclude that Target is trading at a discount comparatively.
We can also see that TGT currently has a PEG ratio of 5.32. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Retail - Discount Stores industry had an average PEG ratio of 3.1.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 71, positioning it in the top 30% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.