Target stock: buy or sell?
Updated on:
August 22nd, 2019
4
Target Corporation operates as a general merchandise retailer. It offers household essentials, including pharmacy, beauty, personal care, baby care, cleaning, and paper products; dry grocery, dairy, frozen food, beverages, candy, snacks, deli, bakery, meat, produce, and pet supplies; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.
Should I buy Target stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best time to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.Currently, 2 buy setups match with Target stock now:
| Buy setup | Elegible |
|---|---|
| New all-time high | Yes |
| New 52 week high | Yes |
| Price crossing up 200d MA | No |
| 100d MA crossing up 200d MA | No |
Is Target stock a buy?
Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness.
At Stocks2.com, we collected 15 ratings published for TGT stock in the last 30 days. The general sentiment of these ratings is bullish for TGT stock, with 11 positive ratings.| Date | Analyst / Broker | Previous rating | Current rating |
| 2019-8-5 | Deutsche Bank | Hold | Buy |
| 2019-8-22 | UBS Group | n/a | Neutral |
| 2019-8-22 | Morgan Stanley | n/a | Equal Weight |
| 2019-8-22 | KeyCorp | n/a | Overweight |
| 2019-8-22 | Citigroup | Neutral | Buy |
| 2019-8-22 | Buckingham Research | n/a | Buy |
| 2019-8-22 | Bank of America | n/a | Buy |
| 2019-8-21 | Wells Fargo & Co | Market Perform | Outperform |
| 2019-8-21 | JPMorgan Chase & Co. | n/a | Buy |
| 2019-7-11 | Goldman Sachs Group | Buy | Buy |
| 2019-5-30 | Barclays | n/a | Buy |
| 2019-5-23 | UBS Group | n/a | Neutral |
| 2019-5-23 | JPMorgan Chase & Co. | Neutral | Overweight |
| 2019-5-23 | Credit Suisse Group | n/a | Buy |
| 2019-5-23 | Citigroup | n/a | Neutral |
Target stock analysis
Daily outlook
Target rose 3.22% today and reached a new all time high at $106.52.
Target ended today at $106.32 after topping to a new all time high ($106.52) and rose a great 3.22%. On June, SMA100d and SMA200d crossed up triggering a rise of 21.33%. Since price and SMA200d lines crossed up on May, TGT climbed $34.91 (48.89%). From a daily perspective, TGT is in a short term uptrend after plotting its last bottom ($80.43, on Aug/12) higher than the previous bottom, and its last top ($85.98, on Aug 13th) also over the previous top. Now trading in between its last bottom and last top TGT might consolidate in a plain range, waiting to break out over $85.98 or down under $80.43.
Weekly outlook
Target topped new all time highs back again this week, setting highs to $106.52. Shares ended at $106.32 and skyrocketed 27.22% during the week. Late July TGT plummed a dreadful -6.80% in just one week. This week was the 3rd green week in a row.
TGT shows a strong mid-term uptrend with several rising tops and rising bottoms. Since its last bottom early August, TGT climbed unceasignly breaking out to new all time highs. Since SMA20d and SMA40w crossed up early June, TGT price climbed $26.48 per share (33.17%). Late May TGT price bounced up over the SMA of 40 weeks that acted as support stopping new slides.
Target stock price history
Target stock historical price chart
TGT stock reached all-time highs today with a price of $106.52.
Target stock price target is $104.30
Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' TGT stock price predictions in the hope that they will be met as they may be wrong and not met. We found 15 price targets for Target stock released in the last 30 days:| Date | Analyst / Broker | Action | Previous target | Current target | Diff |
| 2019-8-5 | Deutsche Bank | Upgrades | $85.00 | $99.00 | 16.5% |
| 2019-8-22 | UBS Group | Raises Target | $86.00 | $103.00 | 19.8% |
| 2019-8-22 | Morgan Stanley | Raises Target | $76.00 | $107.00 | 40.8% |
| 2019-8-22 | KeyCorp | Raises Target | $110.00 | $120.00 | 9.1% |
| 2019-8-22 | Citigroup | Upgrades | $80.00 | $130.00 | 62.5% |
| 2019-8-22 | Buckingham Research | Reiterates | $102.00 | $117.00 | 14.7% |
| 2019-8-22 | Bank of America | Reiterates | $105.00 | $125.00 | 19% |
| 2019-8-21 | Wells Fargo & Co | Upgrades | n/a | $115.00 | - |
| 2019-8-21 | JPMorgan Chase & Co. | Set Price Target | n/a | $100.00 | - |
| 2019-7-11 | Goldman Sachs Group | Initiates | n/a | $102.00 | - |
| 2019-5-30 | Barclays | Reiterates | n/a | $95.00 | - |
| 2019-5-23 | UBS Group | Raises Target | $77.00 | $82.00 | 6.5% |
| 2019-5-23 | JPMorgan Chase & Co. | Upgrades | $81.00 | $100.00 | 23.5% |
| 2019-5-23 | Credit Suisse Group | Set Price Target | n/a | $90.00 | - |
| 2019-5-23 | Citigroup | Raises Target | $78.00 | $80.00 | 2.6% |
| (in average) | $88.00 | $104.30 | 19.0% |
Financials and fundamental analysis
Earnings date and Earnings per Share
Since March, when Target presented its last earnings report, it . As soon as we get its posted EPS from the earnings report, we will extend this report.| Quarter | Reporting date | Estimated EPS | Actual EPS | Surprise |
|---|---|---|---|---|
| 2017-Q2 | - | n/a | 1.22 | n/a |
| 2017-Q3 | - | n/a | 1.22 | n/a |
| 2017-Q4 | 2018-03-06 | 1.38 | 1.37 | -0.7% |
| 2018-Q1 | 2018-03-06 | 1.39 | 1.37 | -1.4% |
| 2018-Q2 | 2018-05-23 | 1.38 | 1.32 | -4.3% |
| 2018-Q3 | 2018-08-22 | 1.4 | 1.47 | 5.0% |
| 2018-Q4 | 2018-11-20 | 1.11 | 1.09 | -1.8% |
| 2019-Q1 | 2019-03-05 | 1.53 | 1.53 | 0.0% |
| 2019-Q2 | - | n/a | n/a | n/a |
| 2019-Q3 | - | n/a | n/a | n/a |
Annual financial results
Compared to 2018, last anual sales report draw a nice growth of 4.84% to $75,356.00 million USD. When comparing 2019 vs 2018, instead, profit margin (that is, the net income divided by revenues) stayed stable a -0.18% to 3.90%.| Year | Sales | YoY | Income/(margin) | YoY |
|---|---|---|---|---|
| 2014 | $71,280 M | - | $2,690 M3.8% | - |
| 2014 | $72,620 M | 1.88% | $2,450 M3.4% | -8.92% |
| 2015 | $72,618 M | 0.00% | $-1,636.00 M-2.3% | -166.78% |
| 2015 | $73,790 M | 1.61% | $3,320 M4.5% | -302.93% |
| 2016 | $73,785 M | -0.01% | $3,363 M4.6% | 1.30% |
| 2016 | $69,500 M | -5.81% | $2,670 M3.8% | -20.61% |
| 2017 | $69,495 M | -0.01% | $2,737 M3.9% | 2.51% |
| 2017 | $71,880 M | 3.43% | $2,930 M4.1% | 7.05% |
| 2018 | $71,879 M | 0.00% | $2,934 M4.1% | 0.14% |
| 2019 | $75,356 M | 4.84% | $2,937 M3.9% | 0.10% |
Quarterly financial results
Target reported $22,977.00 million in sales for 2019-Q1, a 28.93% improvement compared to previous quarter. Reported quarter earnings marked $798.00 M with a profit margin of 3.47%. Profit margin remained stable a -0.02% compared to previous quarter when profit margin was 3.49%. When comparing sales to same quarter last year, Target sales marked a beatiful gain and appreciated a 3.74%. Looking back to recent quarterly results, Target posted 3 negative quarters in a row.| Quarter | Sales1 | QoQ2 | Income1/(margin) | QoQ2 |
|---|---|---|---|---|
| 2017-Q2 | $16,020 M | - | $677 M4.2% | - |
| 2017-Q3 | $16,430 M | 2.56% | $671 M4.1% | -0.89% |
| 2017-Q4 | $16,667 M | 1.44% | $480 M2.9% | -28.46% |
| 2018-Q1 | $22,148 M | 32.89% | $1,107 M5.0% | 130.63% |
| 2018-Q2 | $16,781 M | -24.23% | $718 M4.3% | -35.14% |
| 2018-Q3 | $17,776 M | 5.93% | $799 M4.5% | 11.28% |
| 2018-Q4 | $17,821 M | 0.25% | $622 M3.5% | -22.15% |
| 2019-Q1 | $22,977 M | 28.93% | $798 M3.5% | 28.30% |
Target ownership
When you are planning to invest in a company, it's worth to overview its ownership structure.Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Target, 0.16% of all outstanding shares are owned by its staff.
Bearish positions for TGT stock account 0.00%, no big difference from last month.
For a better context understanding, the next table shows ownership data compared to other related companies:
| TGT | COST | DG | DLTR | FRED | |
|---|---|---|---|---|---|
| Market cap | $54.8 B | $123.1 B | $35.9 B | $23.1 B | $10.9 M |
| Total shares | 515.5 M | 439.8 M | 258.3 M | 237.6 M | 35.1 M |
| Float shares | 511.1 M | 432.9 M | 244.8 M | 234.0 M | 20.8 M |
| - Institutional holdings (%) | 85.8% | 73.5% | 104.6% | 96.6% | 64.6% |
| - Insider holdings (%) | 0.2% | 0.5% | 0.1% | 2.8% | 5.0% |
| Shares in short selling | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Target summary
| Thursday, August 22nd, 2019 | |
|---|---|
| Open | $105.39 |
| Close | $106.32 |
| Day range | $103.38 - $106.52 |
| Previous close | $103.00 |
| Session gain | 3.22% |
| Average true range | $3.53 |
| 50d mov avg | $86.19 |
| 100d mov avg | $82.30 |
| 200d mov avg | $76.67 |
| Daily pattern | lt06a |
| Weekly pattern | lb03c |
Target performance
To measure stock performance is always good to compare with competitors or related stocks. In the following table, we compare Target performance to Costco Wholesale, Dollar General, Dollar Tree, Fred's, Kohl's, Macy's, Tuesday Morning and Walmart:| Stock | 3m | 6m | 12m |
|---|---|---|---|
| TGTTarget | 31.34% | 49.62% | 25.94% |
| COSTCostco Wholesale | 13.19% | 29.77% | 22.28% |
| DGDollar General | 14.06% | 17.82% | 29.83% |
| DLTRDollar Tree | -1.26% | 0.07% | 3.98% |
| FREDFred's | -36.73% | -89.27% | -81.87% |
| KSSKohl's | -6.66% | -25.15% | -39.38% |
| MMacy's | -25.48% | -33.88% | -55.46% |
| TUESTuesday Morning | -13.75% | -44.13% | -56.19% |
| WMTWalmart | 9.53% | 14.18% | 20.36% |
Target competitors
One check before trading any stock is to have a look a list of its competitors, in this case for Target. We selected 8 companies as Target competitors as they are in the same industry or have similar market objectives.- Costco Wholesale (COST)
- Dollar General (DG)
- Dollar Tree (DLTR)
- Fred's (FRED)
- Kohl's (KSS)
- Macy's (M)
- Tuesday Morning (TUES)
- Walmart (WMT)
Latest Target stock news
- Seeking AlphaTarget - This Retail Giant Is Firing On All CylindersJuly 19, 2019
- InvestorPlace7 of the Best Smart-Beta ETFs to Target Right NowJuly 18, 2019
- Seeking AlphaCuraleaf: Zero In On Aggressive 2019 Revenue TargetJuly 18, 2019
- Seeking AlphaAzul: Revisiting My Price Target After Stock SurgeJuly 17, 2019
- InvestorPlaceUp 35% YTD, Target Stock Is Still UndervaluedJuly 12, 2019