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Target (TGT) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, Target (TGT - Free Report) closed at $65.39, marking a +1.66% move from the previous day. This change outpaced the S&P 500's 0.01% gain on the day. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq added 0.45%.
Heading into today, shares of the retailer had lost 17.32% over the past month, lagging the Retail-Wholesale sector's loss of 6.6% and the S&P 500's loss of 7.29% in that time.
Investors will be hoping for strength from TGT as it approaches its next earnings release, which is expected to be March 5, 2019. The company is expected to report EPS of $1.51, up 10.22% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $23.13 billion, up 1.58% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.39 per share and revenue of $75.57 billion. These totals would mark changes of +14.44% and +5.14%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for TGT. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. The Zacks Consensus EPS estimate has moved 0.28% lower within the past month. TGT is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that TGT has a Forward P/E ratio of 11.93 right now. For comparison, its industry has an average Forward P/E of 18.13, which means TGT is trading at a discount to the group.
It is also worth noting that TGT currently has a PEG ratio of 2. 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. TGT's industry had an average PEG ratio of 1.43 as of yesterday's close.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 186, putting it in the bottom 28% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Target (TGT) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Target (TGT - Free Report) closed at $65.39, marking a +1.66% move from the previous day. This change outpaced the S&P 500's 0.01% gain on the day. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq added 0.45%.
Heading into today, shares of the retailer had lost 17.32% over the past month, lagging the Retail-Wholesale sector's loss of 6.6% and the S&P 500's loss of 7.29% in that time.
Investors will be hoping for strength from TGT as it approaches its next earnings release, which is expected to be March 5, 2019. The company is expected to report EPS of $1.51, up 10.22% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $23.13 billion, up 1.58% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.39 per share and revenue of $75.57 billion. These totals would mark changes of +14.44% and +5.14%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for TGT. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. The Zacks Consensus EPS estimate has moved 0.28% lower within the past month. TGT is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that TGT has a Forward P/E ratio of 11.93 right now. For comparison, its industry has an average Forward P/E of 18.13, which means TGT is trading at a discount to the group.
It is also worth noting that TGT currently has a PEG ratio of 2. 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. TGT's industry had an average PEG ratio of 1.43 as of yesterday's close.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 186, putting it in the bottom 28% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.