Target (TGT) Lagging In Pre-Market Activity
Trade-Ideas LLC identified
(
) 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 $333.2 million.
- TGT traded 22,616 shares today in the pre-market hours as of 8:49 AM.
- TGT is down 3.1% today from yesterday's close.
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More details on TGT:
Target Corporation operates as a general merchandise retailer. The stock currently has a dividend yield of 2.9%. TGT has a PE ratio of 15. Currently there are 8 analysts that rate Target a buy, 2 analysts rate it a sell, and 7 rate it a hold.
The average volume for Target has been 4.9 million shares per day over the past 30 days. Target has a market cap of $46.9 billion and is part of the services sector and retail industry. The stock has a beta of 0.54 and a short float of 6.6% with 9.43 days to cover. Shares are up 8.4% year-to-date as of the close of trading on Monday.
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Analysis:
rates Target as a
. The company's strengths can be seen in multiple areas, such as its notable return on equity, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth and compelling growth in net income. We feel its strengths outweigh the fact that the company shows weak operating cash flow.
Highlights from the ratings report include:
- Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. When compared to other companies in the Multiline Retail industry and the overall market, TARGET CORP's return on equity exceeds that of the industry average and significantly exceeds that of the S&P 500.
- The debt-to-equity ratio is somewhat low, currently at 0.98, 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 0.38 is very weak and demonstrates a lack of ability to pay short-term obligations.
- 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 two years. However, we anticipate underperformance relative to this pattern in the coming year. During the past fiscal year, TARGET CORP increased its bottom line by earning $5.29 versus $3.82 in the prior year. For the next year, the market is expecting a contraction of 0.1% in earnings ($5.29 versus $5.29).
- TGT, with its decline in revenue, slightly underperformed the industry average of 4.5%. Since the same quarter one year prior, revenues slightly dropped by 0.6%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
- You can view the full Target Ratings Report.
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