Just the Facts on Target Corporation (TGT)

Target Corporation (TGT) is an interesting player in the Services space, with a focus on Discount, Variety Stores. The stock has been active on the tape, currently trading at $70.67, up from yesterday’s close by 0.26%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Target Corporation (TGT) currently trades with a market capitalization of $38.48 Billion. That value represents a market adjusting for revenues that have been growing by 10.03 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $4.63 Billion over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $1.38 on a per share basis this quarter. Perhaps, that suggests something about why 0.43% of the outstanding share supply is held by institutional investors.

Technical Analysis

We’ve taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. Looking at the stock’s movement on the chart, Target Corporation recorded a 52-week high of $78.70. It is now trading 8.03% off that level. The stock is trading $73.21 its 50-day moving average by 2.54%. The stock carved out a 52-week low down at $48.56.

In recent action, Target Corporation (TGT) has made a move of -2.46% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 17.8, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 7.76% with $542.93 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of TGT.

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