Target (TGT - Free Report) closed the most recent trading day at $71.21, moving -0.66% from the previous trading session. This change lagged the S&P 500's 0.8% gain on the day. Elsewhere, the Dow gained 0.82%, while the tech-heavy Nasdaq added 1.14%.
Prior to today's trading, shares of the retailer had lost 12.56% over the past month. This has lagged the Retail-Wholesale sector's loss of 3.96% and the S&P 500's loss of 3.2% 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 May 22, 2019. The company is expected to report EPS of $1.42, up 7.58% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $17.54 billion, up 4.52% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.81 per share and revenue of $77.91 billion, which would represent changes of +7.79% and +3.4%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for TGT. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Within the past 30 days, our consensus EPS projection has moved 0.22% higher. TGT is currently a Zacks Rank #2 (Buy).
In terms of valuation, TGT is currently trading at a Forward P/E ratio of 12.34. This valuation marks a discount compared to its industry's average Forward P/E of 20.09.
We can also see that TGT currently has a PEG ratio of 1.96. 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 1.89 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 108, putting it in the top 43% 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.