Home Sectors Consumer Defensive Latest Technicals: Target Corporation (NYSE: TGT)

Latest Technicals: Target Corporation (NYSE: TGT)


Target Corporation is in the consumer defensive sector and is part of the retail defensive industry. Target Corp is one of the largest department store retailer in North America. It is engaged in operating general merchandise discount stores.

Previous Intraday Trading Performance:

The TGT stock showed a previous change of -1.03% with an open at 70.69 and a close of 70.15. It reached an intraday high of 70.79 and a low of 69.07.

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The stock has a market cap of $36.6b with 521.8m shares outstanding, of which the float is 519.2m shares. Trading volume reached 6,617,425 shares compared to its average volume of 5,052,452 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Target Corporation shares returned -3.60% and in the past 30 trading days it returned 7.99%. Over three months, it changed -17.24%. In one year it has changed 0.85% and within that year its 52-week high was 90.39 and its 52-week low was 60.15. TGT stock is 16.63% above its 52 Week Low.

Our calculations show a 200 day moving average of 76.65 and a 50 day moving average of 68.85. Currently TGT stock is trading -8.48% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

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The last annual fiscal EPS for the company was reported at 5.33 that ended on 31st of January 2018, which according to the previous close, that is a PE of 13.16. Based on 8 analyst estimates, the consensus EPS for the next quarter is 1.39. The TTM EPS is 4.72, which comes to a TTM PE of 14.86.

The following are the last four quarter reported earnings per share:
10-31-2018:  1.09
07-31-2018:  1.47
04-30-2018:  1.32
01-31-2018:  1.37

The dividend per share is currently 2.56, which is a dividend yield of 3.65%. Also, the payout ratio is 54.24%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 90.40, which means it is possibly undervalued and has a margin of safety of 22.40%

Indicators to Watch:

Based on the latest filings, there is 0.50% of insider ownership and 112.70% of institutional ownership. Short-interest is 23,858,797, which is 4.57% of shares outstanding. The short-interest ratio or days-to-cover ratio is 3.82. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 0.68

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 29.22%, return on assets is 7.70%, profit margin is 4.14%, price-to-sales is 0.72 and price-to-book is 3.34.

Company Scores:

All scores are out of six:
 3  :Valuation Score
 2  :Past Performance Score
 2  :Financial Strength Score
 1  :Future Growth Score
 6  :Dividend Score
 2  :Overall Score

John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.