Target Shares Drop 1.98% to $113.23 After 8.84% One-Month Rally
Target shares fell 1.98% to $113.23, underperforming a 0.33% S&P 500 decline while gaining 8.84% over one month versus a 3.93% drop. Analysts forecast Q4 EPS of $2.17 (-9.96% YoY) on $30.54 billion sales (-1.22% YoY) and full-year EPS of $7.30 (-17.61%), while the stock trades at a 14.9× forward P/E.
1. Intraday and Monthly Performance
Target shares closed at $113.23, a 1.98% drop that underperformed the S&P 500’s 0.33% decline, the Nasdaq’s 0.59% fall and the Dow’s 0.1% gain. Over the past month, shares rose 8.84% compared to a 3.93% drop in the Retail-Wholesale sector.
2. Earnings Forecast
Analyst forecasts for Q4 call for EPS of $2.17, down 9.96% year-over-year, on revenue of $30.54 billion, down 1.22%. For the full fiscal year, consensus estimates project EPS of $7.30 (-17.61%) and $104.87 billion in revenue (-1.59%).
3. Valuation and Metrics
The stock trades at a 14.9× forward P/E ratio, below the industry average of 27.33×, and has a PEG ratio of 11.82 versus the industry’s 2.99. The Retail-Discount Stores industry ranks in the top 10% of over 250 industries by valuation metrics.