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Target (TGT) Gains But Lags Market: What You Should Know
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Target (TGT - Free Report) closed at $70.32 in the latest trading session, marking a +0.06% move from the prior day. The stock lagged the S&P 500's daily gain of 0.22%. Meanwhile, the Dow gained 0.7%, and the Nasdaq, a tech-heavy index, added 0.08%.
Heading into today, shares of the retailer had gained 14.18% over the past month, outpacing the Retail-Wholesale sector's gain of 12.32% and the S&P 500's gain of 9.27% in that time.
Wall Street will be looking for positivity from TGT as it approaches its next earnings report date. This is expected to be March 5, 2019. In that report, analysts expect TGT to post earnings of $1.52 per share. This would mark year-over-year growth of 10.95%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $23.15 billion, up 1.67% from the year-ago period.
TGT's full-year Zacks Consensus Estimates are calling for earnings of $5.39 per share and revenue of $75.59 billion. These results would represent year-over-year changes of +14.44% and +5.16%, respectively.
Investors should also note any recent changes to analyst estimates for TGT. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.08% higher. TGT currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, TGT is holding a Forward P/E ratio of 13.03. Its industry sports an average Forward P/E of 19.95, so we one might conclude that TGT is trading at a discount comparatively.
Meanwhile, TGT's PEG ratio is currently 2.18. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Retail - Discount Stores stocks are, on average, holding a PEG ratio of 1.56 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 81, putting it in the top 32% 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.
To follow TGT in the coming trading sessions, be sure to utilize Zacks.com.
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Target (TGT) Gains But Lags Market: What You Should Know
Target (TGT - Free Report) closed at $70.32 in the latest trading session, marking a +0.06% move from the prior day. The stock lagged the S&P 500's daily gain of 0.22%. Meanwhile, the Dow gained 0.7%, and the Nasdaq, a tech-heavy index, added 0.08%.
Heading into today, shares of the retailer had gained 14.18% over the past month, outpacing the Retail-Wholesale sector's gain of 12.32% and the S&P 500's gain of 9.27% in that time.
Wall Street will be looking for positivity from TGT as it approaches its next earnings report date. This is expected to be March 5, 2019. In that report, analysts expect TGT to post earnings of $1.52 per share. This would mark year-over-year growth of 10.95%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $23.15 billion, up 1.67% from the year-ago period.
TGT's full-year Zacks Consensus Estimates are calling for earnings of $5.39 per share and revenue of $75.59 billion. These results would represent year-over-year changes of +14.44% and +5.16%, respectively.
Investors should also note any recent changes to analyst estimates for TGT. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.08% higher. TGT currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, TGT is holding a Forward P/E ratio of 13.03. Its industry sports an average Forward P/E of 19.95, so we one might conclude that TGT is trading at a discount comparatively.
Meanwhile, TGT's PEG ratio is currently 2.18. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Retail - Discount Stores stocks are, on average, holding a PEG ratio of 1.56 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 81, putting it in the top 32% 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.
To follow TGT in the coming trading sessions, be sure to utilize Zacks.com.