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Target (TGT) Stock Sinks As Market Gains: Here's Why
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Target (TGT - Free Report) ended the recent trading session at $152.38, demonstrating a -1.05% change from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.58%. Meanwhile, the Dow gained 0.69%, and the Nasdaq, a tech-heavy index, added 1.05%.
Heading into today, shares of the retailer had lost 3.16% over the past month, lagging the Retail-Wholesale sector's gain of 4.75% and the S&P 500's gain of 0.97%.
Investors will be eagerly watching for the performance of Target in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 18, 2026. In that report, analysts expect Target to post earnings of $2.08 per share. This would mark year-over-year growth of 16.85%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $26.37 billion, up 4.34% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $10.43 per share and a revenue of $110.11 billion, signifying shifts of +37.78% and +5.09%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Target. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Target presently features a Zacks Rank of #2 (Buy).
In terms of valuation, Target is currently trading at a Forward P/E ratio of 14.77. This signifies a discount in comparison to the average Forward P/E of 21.73 for its industry.
One should further note that TGT currently holds a PEG ratio of 2.43. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Retail - Discount Stores stocks are, on average, holding a PEG ratio of 1.85 based on yesterday's closing prices.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 18, putting it in the top 8% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Target (TGT) Stock Sinks As Market Gains: Here's Why
Target (TGT - Free Report) ended the recent trading session at $152.38, demonstrating a -1.05% change from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.58%. Meanwhile, the Dow gained 0.69%, and the Nasdaq, a tech-heavy index, added 1.05%.
Heading into today, shares of the retailer had lost 3.16% over the past month, lagging the Retail-Wholesale sector's gain of 4.75% and the S&P 500's gain of 0.97%.
Investors will be eagerly watching for the performance of Target in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 18, 2026. In that report, analysts expect Target to post earnings of $2.08 per share. This would mark year-over-year growth of 16.85%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $26.37 billion, up 4.34% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $10.43 per share and a revenue of $110.11 billion, signifying shifts of +37.78% and +5.09%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Target. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Target presently features a Zacks Rank of #2 (Buy).
In terms of valuation, Target is currently trading at a Forward P/E ratio of 14.77. This signifies a discount in comparison to the average Forward P/E of 21.73 for its industry.
One should further note that TGT currently holds a PEG ratio of 2.43. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Retail - Discount Stores stocks are, on average, holding a PEG ratio of 1.85 based on yesterday's closing prices.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 18, putting it in the top 8% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.