Target (TGT) ended the recent trading session at $121.77, demonstrating a +2.81% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.16%. Meanwhile, the Dow gained 0.11%, and the Nasdaq, a tech-heavy index, lost 0.71%.
The stock of retailer has risen by 0.48% in the past month, lagging the Retail-Wholesale sector's gain of 3.35% and the S&P 500's gain of 8.81%.
Market participants will be closely following the financial results of Target in its upcoming release. The company plans to announce its earnings on May 20, 2026. The company is predicted to post an EPS of $1.34, indicating a 3.08% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $24.28 billion, indicating a 1.81% upward movement from the same quarter last year.
TGT's full-year Zacks Consensus Estimates are calling for earnings of $8.02 per share and revenue of $106.8 billion. These results would represent year-over-year changes of +5.94% and +1.93%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Target. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 0.26% lower. Right now, Target possesses a Zacks Rank of #3 (Hold).
Digging into valuation, Target currently has a Forward P/E ratio of 14.78. This denotes a discount relative to the industry average Forward P/E of 25.93.
Investors should also note that TGT has a PEG ratio of 4.94 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. TGT's industry had an average PEG ratio of 2.92 as of yesterday's close.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 55, finds itself in the top 23% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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This article originally published on Zacks Investment Research (zacks.com).