Target (TGT) Reaches New Lifetime High Today
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.
Trade-Ideas LLC identified
(
) as a new lifetime high 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 $480.4 million.
- TGT has traded 3,163 shares today.
- TGT is trading at a new lifetime high.
EXCLUSIVE OFFER: Get the inside scoop on opportunities in TGT with the Ticky from Trade-Ideas. See the FREE profile for TGT NOW at Trade-Ideas
More details on TGT:
Target Corporation operates general merchandise stores in the United States and Canada. The stock currently has a dividend yield of 2.7%. TGT has a PE ratio of 20.3. Currently there are 6 analysts that rate Target a buy, 2 analysts rate it a sell, and 12 rate it a hold.
The average volume for Target has been 5.1 million shares per day over the past 30 days. Target has a market cap of $49.5 billion and is part of the services sector and retail industry. The stock has a beta of 0.85 and a short float of 2.7% with 2.79 days to cover. Shares are up 4.5% year-to-date as of the close of trading on Thursday.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
Analysis:
rates Target as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
Highlights from the ratings report include:
- Powered by its strong earnings growth of 83.95% and other important driving factors, this stock has surged by 29.78% over the past year, outperforming the rise in the S&P 500 Index during the same period. Turning to the future, naturally, any stock can fall in a major bear market. However, in almost any other environment, the stock should continue to move higher despite the fact that it has already enjoyed nice gains in the past year.
- TARGET CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, TARGET CORP increased its bottom line by earning $3.84 versus $3.07 in the prior year. This year, the market expects an improvement in earnings ($4.55 versus $3.84).
- Despite its growing revenue, the company underperformed as compared with the industry average of 2.6%. Since the same quarter one year prior, revenues slightly increased by 1.1%. Growth in the company's revenue appears to have helped boost the earnings per share.
- Net operating cash flow has increased to $2,389.00 million or 35.20% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 24.96%.
- You can view the full Target Ratings Report.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
null