Target stock: buy or sell?

TGT stock price: $106.32 3.22% At close on August 22nd, 2019

Updated on:
August 22nd, 2019

4

Target shares rose 3.22% today and reached a new all time high at $106.52. Yesterday TGT boosted a dazzling 16.96%.

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 setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

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.
Is TGT a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-5Deutsche BankHoldBuy
2019-8-22UBS Groupn/aNeutral
2019-8-22Morgan Stanleyn/aEqual Weight
2019-8-22KeyCorpn/aOverweight
2019-8-22CitigroupNeutralBuy
2019-8-22Buckingham Researchn/aBuy
2019-8-22Bank of American/aBuy
2019-8-21Wells Fargo & CoMarket PerformOutperform
2019-8-21JPMorgan Chase & Co.n/aBuy
2019-7-11Goldman Sachs GroupBuyBuy
2019-5-30Barclaysn/aBuy
2019-5-23UBS Groupn/aNeutral
2019-5-23JPMorgan Chase & Co.NeutralOverweight
2019-5-23Credit Suisse Groupn/aBuy
2019-5-23Citigroupn/aNeutral

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.

TGT stock chart (daily)

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.

TGT stock chart (weekly)

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:
TGT stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-5Deutsche BankUpgrades$85.00$99.0016.5%
2019-8-22UBS GroupRaises Target$86.00$103.0019.8%
2019-8-22Morgan StanleyRaises Target$76.00$107.0040.8%
2019-8-22KeyCorpRaises Target$110.00$120.009.1%
2019-8-22CitigroupUpgrades$80.00$130.0062.5%
2019-8-22Buckingham ResearchReiterates$102.00$117.0014.7%
2019-8-22Bank of AmericaReiterates$105.00$125.0019%
2019-8-21Wells Fargo & CoUpgradesn/a$115.00-
2019-8-21JPMorgan Chase & Co.Set Price Targetn/a$100.00-
2019-7-11Goldman Sachs GroupInitiatesn/a$102.00-
2019-5-30BarclaysReiteratesn/a$95.00-
2019-5-23UBS GroupRaises Target$77.00$82.006.5%
2019-5-23JPMorgan Chase & Co.Upgrades$81.00$100.0023.5%
2019-5-23Credit Suisse GroupSet Price Targetn/a$90.00-
2019-5-23CitigroupRaises Target$78.00$80.002.6%
(in average)$88.00$104.3019.0%
Moving in a range from $130.00 and $80.00, the price target for Target stock is $104.30. In average, analysts' outlook on TGT price forecast is positive, improving the prediction by a 19.00% from previous estimations.

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.
TGT earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a1.22n/a
2017-Q3-n/a1.22n/a
2017-Q42018-03-061.381.37-0.7%
2018-Q12018-03-061.391.37-1.4%
2018-Q22018-05-231.381.32-4.3%
2018-Q32018-08-221.41.475.0%
2018-Q42018-11-201.111.09-1.8%
2019-Q12019-03-051.531.530.0%
2019-Q2-n/an/an/a
2019-Q3-n/an/an/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%.

TGT annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2014$71,280 M-$2,690 M3.8%-
2014$72,620 M1.88%$2,450 M3.4%-8.92%
2015$72,618 M0.00%$-1,636.00 M-2.3%-166.78%
2015$73,790 M1.61%$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 M3.43%$2,930 M4.1%7.05%
2018$71,879 M0.00%$2,934 M4.1%0.14%
2019$75,356 M4.84%$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.
TGT quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$16,020 M-$677 M4.2%-
2017-Q3$16,430 M2.56%$671 M4.1%-0.89%
2017-Q4$16,667 M1.44%$480 M2.9%-28.46%
2018-Q1$22,148 M32.89%$1,107 M5.0%130.63%
2018-Q2$16,781 M-24.23%$718 M4.3%-35.14%
2018-Q3$17,776 M5.93%$799 M4.5%11.28%
2018-Q4$17,821 M0.25%$622 M3.5%-22.15%
2019-Q1$22,977 M28.93%$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:

TGTCOSTDGDLTRFRED
Market cap$54.8 B$123.1 B$35.9 B$23.1 B$10.9 M
Total shares515.5 M439.8 M258.3 M237.6 M35.1 M
Float shares511.1 M432.9 M244.8 M234.0 M20.8 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 selling0.0%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 gain3.22%
Average true range$3.53
50d mov avg$86.19
100d mov avg$82.30
200d mov avg$76.67
Daily patternlt06a
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:
Stock3m6m12m
TGTTarget31.34%49.62%25.94%
COSTCostco Wholesale13.19%29.77%22.28%
DGDollar General14.06%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%
WMTWalmart9.53%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.

Latest Target stock news