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Gold shines, stocks fadeRally continues after more tame inflation dataYields climb, Wall Street fades, TSX flatThis summary was created by AI, based on 14 opinions in the last 12 months.
Target Corp has been experiencing a good run due to strong inventory management and high-profit earnings. The company has been praised for its billion-dollar house brands and its ability to harness data using AI to predict business trends. However, some critics argue that the retail business is inherently challenging and that Target's valuation may be too high given its return on capital. Despite this, social media mentions and stock performance have been on the rise.
Retail very hard business. High amount of working capital tied up in inventory. Difficult to build competitive moat with lots of competition. Would not recommend buying. If stock price falls to 12x earnings - would be a good investment. Current valuation too high given return on capital for business.
Retail has been hated this year, but TGT just reported a massive earnings blowout caused by good inventory management.
It could hit $200. He's been very negative the consumer, but next year he expects retail stocks to do much better. He wants to add more Target.
It surged today after reporting. Target has lagged its peers because it hasn't produced positive same-store sales, a key metric, in ages. They reported big profits, though same-store sales and total revenue were okay and in-line. But they slashed inventories 14% YOY, less theft and transport costs normalize. Huge earnings beat. Pays a 3.4% yield which will look more attractive if the Fed holds rates, and if inflation declines, then the consumer will have more spending money.
Shares have been punished. If you really want retail, go to Amazon, TJX or Costco.
Not a value trap, but not one he'd buy. They household needs and wants, a 50/50 mix, are seeing a sharp decline in wants sales, though single-digit growth in needs. Not great shareholder returns, because e-commerce has taken share from bricks-and-mortar, which is Target's business.
Stress on consumers will benefit low cost retailers.
$100 billion in sales very strong base.
Margins improving as supply chain difficulties improve.
Current share price a good place to buy.
Trades at a premium to historical multiple. Missteps. Inventory has caused problems.
They have troubles now, and was downgraded it, but it still offers a strong value proposition. They've done a great job on decreasing inventory, -16% last quarter. Freight costs are declining. They will have traffic issues, but long term the value will shine. Down 18% in the past month. She may buy more if it falls more.
Consumer staples are a bit expensive, but they beat EPS and are managing inventory better. It'll be difficult to reach their 6% margin target in this economy. Shares are up 8% YTD. Has a concern of weakening in the lower-end consumer, though.
Target Corp is a American stock, trading under the symbol TGT-N on the New York Stock Exchange (TGT). It is usually referred to as NYSE:TGT or TGT-N
In the last year, 9 stock analysts published opinions about TGT-N. 6 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Target Corp.
Target Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Target Corp.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
9 stock analysts on Stockchase covered Target Corp In the last year. It is a trending stock that is worth watching.
On 2024-04-18, Target Corp (TGT-N) stock closed at a price of $166.58.
Retail advantage: $1 billion house brands, now totalling 11. Also, they have such scale, they can collect massive data and harness that data using AI to better predict their business. They just announced good inventory levels. So, they can bring in new product without having to discount the old. Since yesterday, they've had a great run.