Target(TGT)

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Brokers Suggest Investing in Target (TGT): Read This Before Placing a Bet
Zacks Investment Research· 2024-02-02 15:31
Core Viewpoint - The average brokerage recommendation (ABR) for Target (TGT) is 1.98, indicating a general suggestion to buy the stock, but reliance solely on this metric may not be advisable due to potential biases in brokerage recommendations [1][2]. Brokerage Recommendation Trends for TGT - Target's ABR is derived from 30 brokerage firms, with 13 Strong Buy and 4 Buy recommendations, accounting for 43.3% and 13.3% of total recommendations respectively [1]. - Studies indicate that brokerage recommendations often lack success in guiding investors towards stocks with significant price appreciation potential [2]. - Brokerage analysts tend to exhibit a strong positive bias in their ratings, with five "Strong Buy" recommendations for every "Strong Sell" [2][3]. Zacks Rank vs. ABR - Zacks Rank is a proprietary stock rating tool that categorizes stocks based on earnings estimate revisions, providing a more reliable indicator of near-term price performance compared to ABR [3][5]. - The ABR is based solely on brokerage recommendations and may not be up-to-date, while Zacks Rank reflects timely earnings estimate revisions [5]. - The Zacks Rank for Target is currently 2 (Buy), indicating positive sentiment among analysts regarding the company's earnings prospects [6]. Investment Consideration for TGT - The Zacks Consensus Estimate for Target's earnings has increased by 0.3% over the past month to $8.34, suggesting potential for stock price appreciation [6]. - The combination of the recent change in consensus estimates and other related factors has led to a favorable Zacks Rank for Target, supporting the notion that the Buy-equivalent ABR may be a useful guide for investors [6].
Target (TGT) Increases Despite Market Slip: Here's What You Need to Know
Zacks Investment Research· 2024-01-26 23:51
The most recent trading session ended with Target (TGT) standing at $142.53, reflecting a +0.25% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily loss of 0.07%. At the same time, the Dow added 0.16%, and the tech-heavy Nasdaq lost 0.36%.Coming into today, shares of the retailer had lost 0.25% in the past month. In that same time, the Retail-Wholesale sector gained 1.02%, while the S&P 500 gained 3.05%.The investment community will be paying close attention to the earnin ...
Investors Heavily Search Target Corporation (TGT): Here is What You Need to Know
Zacks Investment Research· 2024-01-25 15:06
Target (TGT) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this retailer have returned -2.2%, compared to the Zacks S&P 500 composite's +2.5% change. During this period, the Zacks Retail - Discount Stores industry, which Target falls in, has gained 2.7%. The key question now is: What could be the stock's future direction?While media ...
Target Introduces More than 1,000 New Products to Support Guests on Their Wellness Journey, Starting at Just $1.99
Prnewswire· 2024-01-24 11:01
MINNEAPOLIS, Jan. 24, 2024 /PRNewswire/ -- Target Corporation (NYSE: TGT) today announced that it is introducing more than 1,000 new wellness-related products starting at just $1.99 to support guests on their wellness journey without stretching their budgets. From apparel and accessories to supplements, vitamins and the latest tech, Target is the one-stop-shop where guests can feel celebrated and supported in living well. Target Introduces More than 1,000 New Wellness Products "Wellness has been redefin ...
1 Yields 3.1%, the Other 6.7%, but Only 1 Can Be the Best Dividend Stock for Passive Income Investors to Buy in 2024
The Motley Fool· 2024-01-20 20:56
Fool.com contributor Parkev Tatevosian compares two dividend stocks with robust dividend yields to determine which is the better buy for passive income investors in 2024. *Stock prices used were the afternoon prices of Jan. 18, 2024. The video was published on Jan. 20, 2024. ...
Target (TGT) Advances But Underperforms Market: Key Facts
Zacks Investment Research· 2024-01-19 23:51
In the latest market close, Target (TGT) reached $138.14, with a +0.54% movement compared to the previous day. This change lagged the S&P 500's 1.23% gain on the day. Elsewhere, the Dow gained 1.06%, while the tech-heavy Nasdaq added 1.7%.Shares of the retailer have depreciated by 1.41% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 0.02% and the S&P 500's gain of 0.94%.The investment community will be closely monitoring the performance of Target in its forthcoming ...
Here's Why Target (TGT) is a Strong Value Stock
Zacks Investment Research· 2024-01-19 15:41
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?D ...
Target Announces Michael Fiddelke as Chief Operating Officer
Prnewswire· 2024-01-18 11:30
Retailer also shares retirement plans for Don Liu and updates to merchandising leadership MINNEAPOLIS, Jan. 18, 2024 /PRNewswire/ -- Target Corporation (NYSE: TGT) today announced that Michael Fiddelke, who has served as the retailer's chief financial officer since Nov. 1, 2019, has been named chief operating officer, effective Feb. 4, 2024. Until his replacement is named, Fiddelke will continue to serve as chief financial officer for the company. As chief operating officer, Fiddelke will oversee the retail ...
Retail Sales Beat Estimates: Time to Buy These 2 Top-Ranked Stocks?
Zacks Investment Research· 2024-01-17 18:16
We received some insightful and promising economic data this morning in the form of US Retail Sales.Retail activity in the United States surged by 0.6% in December 2023 compared to the previous month, surpassing expectations of 0.4% and marking the most substantial growth in three months. The upswing was primarily driven by a 1.2% increase in auto sales. When excluding auto sales, retail activity still experienced a noteworthy 0.4% uptick.The US consumer has remained extremely resilient over the past two ye ...
Target Corporation Declares Regular Quarterly Dividend
Prnewswire· 2024-01-17 11:30
MINNEAPOLIS, Jan. 17, 2024 /PRNewswire/ -- The board of directors of Target Corporation (NYSE: TGT) has declared a quarterly dividend of $1.10 per common share. The dividend is payable March 10, 2024 to shareholders of record at the close of business February 21, 2024. The 1st quarter dividend will be the company's 226th consecutive dividend paid since October 1967 when the company became publicly held. About Target Minneapolis-based Target Corporation (NYSE: TGT) serves guests at nearly 2,000 stores an ...