Target (TGT - Free Report) closed the most recent trading day at $70.29, moving +0.98% from the previous trading session. This change outpaced the S&P 500's 0.48% gain on the day. Meanwhile, the Dow gained 0.53%, and the Nasdaq, a tech-heavy index, added 0.8%.
Heading into today, shares of the retailer had gained 4.24% over the past month, outpacing the Retail-Wholesale sector's loss of 0.3% and the S&P 500's loss of 2.09% in that time.
TGT will be looking to display strength as it nears its next earnings release, which is expected to be March 5, 2019. The company is expected to report EPS of $1.51, up 10.22% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $23.13 billion, up 1.58% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.39 per share and revenue of $75.57 billion, which would represent changes of +14.44% and +5.14%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for TGT. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.04% higher within the past month. TGT is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that TGT has a Forward P/E ratio of 12.92 right now. This valuation marks a discount compared to its industry's average Forward P/E of 19.38.
We can also see that TGT currently has a PEG ratio of 2.16. 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. TGT's industry had an average PEG ratio of 1.53 as of yesterday's close.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 171, putting it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.