Target Corp (NYSE: TGT): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Target Taps Kristen Wiig as ‘Target Lady’ to Bring the Excitement for Big Spring Savings at Target Circle Kick-Off and Target Circle Week Event.

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Stocks Info

TGT belongs to the Consumer Defensive sector of the NYSE while operating in the Discount Stores industry. At the end of the last regular session, the stock closed at $176.24 and fluctuated between $177.89 as its day high and $175.09 as its day low. The current market capitalization of Target Corp is $81.37B. A total of 2.89 million shares were traded on the day, compared to an average of 3.95M shares.

In the most recent transaction, HENNINGTON CHRISTINA sold 4,600 shares of TGT for 170.88 per share on Mar 21 ’24. After the transaction, the Executive Officer now owns 38,487 company shares. In a previous transaction on Mar 14 ’24, Kremer Melissa K sold 3,000 shares at 165.05 per share. TGT shares that Executive Officer owns now total 30,527.

Among the insiders who sold shares, Cornell Brian C disposed of 45,000 shares on Mar 11 ’24 at a per-share price of $167.52. This resulted in the Executive Officer holding 346,919 shares of TGT after the transaction. In another insider transaction, SYLVESTER CARA A sold 4,125 shares at $171.83 per share on Mar 08 ’24. Company shares held by the Executive Officer now total 12,570.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Target Corp pays an annual dividend of $4.38, resulting in a dividend yield of 2.49%, and it has a price to earnings (P/E) ratio of 19.71. TGT’s most recent ex-dividend date was 5/14/2024 when it declared a $1.10 quarterly dividend that was paid in cash on 6/10/2024. Previously, the company paid the dividend on 3/10/2024 with an ex-dividend date of 2/20/2024. The TGT stock dividend was $1.10 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, TGT has a high of $181.86 and a low of $102.93.

As of this writing, TGT has an earnings estimate of $2.02 per share for the current quarter. EPS was calculated based on a consensus of 24 estimates, with a high estimate of $2.28 per share and a lower estimate of $1.9. The company reported an EPS of $2.1 in the last quarter, which was 41.90% higher than expectations of $1.48.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. TGT’s latest balance sheet shows that the firm has $5.91B in Cash & Short Term Investments as of fiscal 2022. There were $16.47B in debt and $21.75B in liabilities at the time. Its Book Value Per Share was $29.09, while its Total Shareholder’s Equity was $12.83B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TGT is Buy with a score of 4.13.

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