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Target (TGT) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Target (TGT - Free Report) closed at $84.33, marking a -1.68% move from the previous day. This change lagged the S&P 500's 1.09% gain on the day. Meanwhile, the Dow gained 0.97%, and the Nasdaq, a tech-heavy index, added 2.01%.
Heading into today, shares of the retailer had lost 0.98% over the past month, outpacing the Retail-Wholesale sector's loss of 13.73% and the S&P 500's loss of 7.81% in that time.
Investors will be hoping for strength from TGT as it approaches its next earnings release, which is expected to be November 20, 2018. On that day, TGT is projected to report earnings of $1.40 per share, which would represent year-over-year growth of 53.85%. Meanwhile, our latest consensus estimate is calling for revenue of $17.75 billion, up 6.5% from the prior-year quarter.
TGT's full-year Zacks Consensus Estimates are calling for earnings of $5.38 per share and revenue of $75.13 billion. These results would represent year-over-year changes of +14.23% and +4.52%, respectively.
Investors might also notice 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. TGT is currently a Zacks Rank #2 (Buy).
Valuation is also important, so investors should note that TGT has a Forward P/E ratio of 15.93 right now. Its industry sports an average Forward P/E of 21.33, so we one might conclude that TGT is trading at a discount comparatively.
It is also worth noting that TGT currently has a PEG ratio of 2.37. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Discount Stores was holding an average PEG ratio of 1.71 at yesterday's closing price.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 49, which puts it in the top 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Target (TGT) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Target (TGT - Free Report) closed at $84.33, marking a -1.68% move from the previous day. This change lagged the S&P 500's 1.09% gain on the day. Meanwhile, the Dow gained 0.97%, and the Nasdaq, a tech-heavy index, added 2.01%.
Heading into today, shares of the retailer had lost 0.98% over the past month, outpacing the Retail-Wholesale sector's loss of 13.73% and the S&P 500's loss of 7.81% in that time.
Investors will be hoping for strength from TGT as it approaches its next earnings release, which is expected to be November 20, 2018. On that day, TGT is projected to report earnings of $1.40 per share, which would represent year-over-year growth of 53.85%. Meanwhile, our latest consensus estimate is calling for revenue of $17.75 billion, up 6.5% from the prior-year quarter.
TGT's full-year Zacks Consensus Estimates are calling for earnings of $5.38 per share and revenue of $75.13 billion. These results would represent year-over-year changes of +14.23% and +4.52%, respectively.
Investors might also notice 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. TGT is currently a Zacks Rank #2 (Buy).
Valuation is also important, so investors should note that TGT has a Forward P/E ratio of 15.93 right now. Its industry sports an average Forward P/E of 21.33, so we one might conclude that TGT is trading at a discount comparatively.
It is also worth noting that TGT currently has a PEG ratio of 2.37. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Discount Stores was holding an average PEG ratio of 1.71 at yesterday's closing price.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 49, which puts it in the top 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.