Target (TGT) Suffers a Larger Drop Than the General Market: Key Insights

Company Performance - Target's stock closed at $87.14, reflecting a decrease of 1.32% from the previous day, underperforming compared to the S&P 500's loss of 0.5% [1] - Over the last month, Target's shares have decreased by 9.85%, while the Retail-Wholesale sector gained 0.66% and the S&P 500 gained 2.74% [1] Financial Forecast - Target is expected to report an EPS of $1.8, indicating a 2.7% decline from the same quarter last year, with revenue forecasted at $25.47 billion, a drop of 0.78% year-over-year [2] - For the entire fiscal year, earnings are projected at $7.49 per share and revenue at $105.16 billion, representing declines of 15.46% and 1.32% respectively from the prior year [3] Analyst Estimates - Recent changes to analyst estimates for Target are important as they reflect the evolving business landscape, with upward revisions indicating positive sentiment towards the company's operations [4] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Target at 3 (Hold), with a slight decrease of 0.01% in the EPS estimate over the last 30 days [6] Valuation Metrics - Target has a Forward P/E ratio of 11.8, which is a discount compared to the industry average Forward P/E of 22.31 [7] - The company also has a PEG ratio of 2.55, aligning with the average PEG ratio of the Retail - Discount Stores industry [7] Industry Context - The Retail - Discount Stores industry is part of the Retail-Wholesale sector and holds a Zacks Industry Rank of 102, placing it in the top 42% of over 250 industries [8]