Target (TGT) closed the most recent trading day at $151.82, moving +1.92% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.31%. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq decreased by 1.38%.
Shares of the retailer witnessed a loss of 4.93% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 3.86%, and the S&P 500's gain of 0.87%.
The investment community will be paying close attention to the earnings performance of Target in its upcoming release. The company is slated to reveal its earnings on November 18, 2026. The company's upcoming EPS is projected at $2.08, signifying a 16.85% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $26.37 billion, indicating a 4.34% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $10.43 per share and revenue of $110.11 billion. These totals would mark changes of +37.78% and +5.09%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Target. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Target is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that Target has a Forward P/E ratio of 14.28 right now. This expresses a discount compared to the average Forward P/E of 19.64 of its industry.
It is also worth noting that TGT currently has a PEG ratio of 2.35. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Retail - Discount Stores industry currently had an average PEG ratio of 1.89 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 75, finds itself in the top 31% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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Target Corporation (TGT): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).