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Target (TGT) Lagging In Pre-Market Activity

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Target ( TGT) as a pre-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified Target as such a stock due to the following factors:

  • TGT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $331.3 million.
  • TGT traded 11,508 shares today in the pre-market hours as of 8:00 AM.
  • TGT is down 2.6% today from yesterday's close.

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More details on TGT:

Target Corporation operates general merchandise stores in the United States and Canada. The stock currently has a dividend yield of 3%. TGT has a PE ratio of 19.1. Currently there are 5 analysts that rate Target a buy, 3 analysts rate it a sell, and 11 rate it a hold.

The average volume for Target has been 5.9 million shares per day over the past 30 days. Target has a market cap of $37.1 billion and is part of the services sector and retail industry. Shares are down 7.9% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Target as a buy. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

Highlights from the ratings report include:

  • The debt-to-equity ratio is somewhat low, currently at 0.85, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Even though the company has a strong debt-to-equity ratio, the quick ratio of 0.16 is very weak and demonstrates a lack of ability to pay short-term obligations.
  • Regardless of the drop in revenue, the company managed to outperform against the industry average of 12.8%. Since the same quarter one year prior, revenues slightly dropped by 5.3%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • TARGET CORP's earnings per share declined by 44.9% in the most recent quarter compared to the same quarter a year ago. The company has suffered a declining pattern of earnings per share over the past two years. However, we anticipate this trend to reverse over the coming year. During the past fiscal year, TARGET CORP reported lower earnings of $3.07 versus $4.53 in the prior year. This year, the market expects an improvement in earnings ($4.00 versus $3.07).
  • Net operating cash flow has decreased to $1,767.00 million or 10.62% when compared to the same quarter last year. Despite a decrease in cash flow TARGET CORP is still fairing well by exceeding its industry average cash flow growth rate of -21.85%.
  • Current return on equity is lower than its ROE from the same quarter one year prior. This is a clear sign of weakness within the company. When compared to other companies in the Multiline Retail industry and the overall market, TARGET CORP's return on equity is below that of both the industry average and the S&P 500.

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