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Target (TGT, $226.71) beats fiscal Q4 earnings expectations
Target posted its fiscal fourth quarter earnings that crushed analysts’ expectations.
The big box retailer’s adjusted earnings came in at $3.19 per share, surpassing $2.86 expected by analysts polled by Refinitiv.
Revenue for the quarter was $31 billion, vs. $31.39 billion expected.
Comparable sales, the metric that measures sales online and at stores open at least a year, rose +8.9% in the fourth quarter. That’s lower than the 10.5% expected by analysts, according to StreetAccount.
In fiscal 2023 and beyond, Target projects annual revenue growth in the mid single digits and adjusted earnings per share in the high single digits. The company plans to spend $4 billion to $5 billion on capital expenditures each year.
TGT in upward trend: price expected to rise as it breaks its lower Bollinger Band on May 18, 2022
TGT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 27 of 36 cases where TGT's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 75%.
Current price $163.18 is below $193.90 the lowest support line found by A.I. Throughout the month of 04/26/22 - 05/26/22, the price experienced a -31% Downtrend, while the week of 05/19/22 - 05/26/22 shows a +6% Uptrend.
The RSI Indicator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 14 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +8.84% 3-day Advance, the price is estimated to grow further. Considering data from situations where TGT advanced for three days, in 234 of 347 cases, the price rose further within the following month. The odds of a continued upward trend are 67%.
The Momentum Indicator moved below the 0 level on April 29, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on TGT as a result. In 38 of 75 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 51%.
The Moving Average Convergence Divergence Histogram (MACD) for TGT turned negative on April 27, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 41 similar instances when the indicator turned negative. In 23 of the 41 cases the stock turned lower in the days that followed. This puts the odds of success at 56%.
TGT moved below its 50-day Moving Average on May 09, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for TGT crossed bearishly below the 50-day moving average on May 16, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 6 of 11 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 55%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TGT declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 49%.
The Aroon Indicator for TGT entered a downward trend on May 26, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 64%. During the last month, the daily ratio of advancing to declining volumes was 1 to 2.62.
The Tickeron SMR rating for this company is 14 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 22 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (7.022) is normal, around the industry mean (66.580). P/E Ratio (13.495) is within average values for comparable stocks, (23.448). Projected Growth (PEG Ratio) (2.184) is also within normal values, averaging (2.182). Dividend Yield (0.022) settles around the average of (0.021) among similar stocks. P/S Ratio (0.738) is also within normal values, averaging (1.102).
The Tickeron Profit vs. Risk Rating rating for this company is 27 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 57, placing this stock better than average.
The Tickeron PE Growth Rating for this company is 50 (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 65 (best 1 - 100 worst), indicating fairly steady price growth. TGT’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of 95 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
Companies in the discount stores industry specialize in offering substantial discounts on a vast array of retail products. Some companies in this industry also operate general merchandise warehouse clubs. Products sold at discount stores are typically similar to those of any department store, but the pricing of the goods is generally much lower (and hence the name “discount”). Think Dollar General Corporation, Dollar Tree, Inc. and Five Below, Inc. Many discount stores target low-income households and/or price-sensitive consumers as their potential market. Discount stores’ profitability could hinge on factors like competitive pricing, sufficient locations, healthy revenue per square foot, and effective advertisement. These store operators could have an edge over other retailers during financial crises or recessions, when many consumers could be looking for less expensive alternatives.
The average market capitalization across the Discount Stores Industry is 47.7B. The market cap for tickers in the group ranges from 2.2M to 339.6B. WMT holds the highest valuation in this group at 339.6B. The lowest valued company is FRED at 2.2M.
- 5/19/22 8:24 AM: Target (TGT, $161.61), market cap dropped by $24.9B
The average weekly price growth across all stocks in the Discount Stores Industry was -0.24%. For the same Industry, the average monthly price growth was -15.02%, and the average quarterly price growth was -19.24%. OLLI experienced the highest price growth at 5.09%, while WMMVY experienced the biggest fall at -5.2%.
- 5/11/22 7:46 AM: Target (TGT, $219.11) was a top loser this week, declining -5.78%. Expect a Downtrend reversal
- 4/28/22 6:02 AM: Target (TGT, $230.97) was a top loser this week, declining -7.36%
- 4/20/22 8:58 AM: Target (TGT, $246.05) was a top weekly gainer, with a +6.36% jump. Expect an Uptrend continuation
The average weekly volume growth across all stocks in the Discount Stores Industry was -73.59%. For the same stocks of the Industry, the average monthly volume growth was 65.29% and the average quarterly volume growth was 79.71%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the MACD Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 46%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.76.
14 stocks in the group of tickers exhibit a similar negative trend based on the Aroon indicator with an average likelihood of 60%.
The most notable companies in this group are Walmart (NYSE:WMT), Costco Wholesale Corp (NASDAQ:COST), Target Corp (NYSE:TGT), Dollar General Corp (NYSE:DG), Dollar Tree (NASDAQ:DLTR), Big Lots (NYSE:BIG).
The average market capitalization across the group is 54.5B. The market cap for tickers in the group ranges from 45.4M to 346.9B. WMT holds the highest valuation in this group at 346.9B. The lowest valued company is TUEM at 45.4M.
- 5/20/22 5:28 AM: Walmart (WMT, $119.07) saw a $80.4B market cap decrease this week
- 5/19/22 8:24 AM: Target (TGT, $161.61), market cap dropped by $24.9B
The average weekly price growth across all stocks in the group was 3.81%. For the same group, the average monthly price growth was -11.22%, and the average quarterly price growth was -17.53%. DLTR experienced the highest price growth at 20.09%, while TUEM experienced the biggest fall at -10.97%.
- 5/12/22 5:38 AM: Dollar Tree (DLTR, $156.07) was a top loser this week, declining -5.87%
- 5/11/22 7:46 AM: Target (TGT, $219.11) was a top loser this week, declining -5.78%. Expect a Downtrend reversal
- 5/10/22 5:36 AM: Big Lots (BIG, $34.24) was a top weekly gainer, with a +5.03% jump. Expect an Uptrend reversal
The average weekly volume growth across all stocks in the group was -15.43%. For the same stocks of the group, the average monthly volume growth was 87.12% and the average quarterly volume growth was 147.73%
- 5/19/22 8:17 AM: The volume for Tuesday Morning stock increased for two consecutive days, resulting in a record-breaking daily growth of 221% of the 65-Day Volume Moving Average
- 5/13/22 4:50 AM: The volume for Tuesday Morning stock increased for one day, resulting in a record-breaking daily growth of 346% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
The most notable companies in this group are Walmart (NYSE:WMT), Costco Wholesale Corp (NASDAQ:COST), Target Corp (NYSE:TGT), Dollar General Corp (NYSE:DG), Dollar Tree (NASDAQ:DLTR), Big Lots (NYSE:BIG).
Companies in the discount stores industry specialize in offering substantial discounts on a vast array of retail products. Some companies in this industry also operate general merchandise warehouse clubs. Products sold at discount stores are typically similar to those of any department store, but the pricing of the goods is generally much lower (and hence the name “discount”). Think Dollar General Corporation, Dollar Tree, Inc. and Five Below, Inc. Many discount stores target low-income households and/or price-sensitive consumers as their potential market. Discount stores’ profitability could hinge on factors like competitive pricing, sufficient locations, healthy revenue per square foot, and effective advertisement. These store operators could have an edge over other retailers during financial crises or recessions, when many consumers could be looking for less expensive alternatives.
The average market capitalization across the Discount Stores Industry is 49.5B. The market cap for tickers in the group ranges from 2.2M to 346.9B. WMT holds the highest valuation in this group at 346.9B. The lowest valued company is FRED at 2.2M.
- 5/20/22 5:28 AM: Walmart (WMT, $119.07) saw a $80.4B market cap decrease this week
- 5/19/22 8:24 AM: Target (TGT, $161.61), market cap dropped by $24.9B
The average weekly price growth across all stocks in the Discount Stores Industry was 2.52%. For the same Industry, the average monthly price growth was -11.36%, and the average quarterly price growth was -16.5%. DLTR experienced the highest price growth at 20.09%, while TUEM experienced the biggest fall at -10.97%.
- 5/12/22 5:38 AM: Dollar Tree (DLTR, $156.07) was a top loser this week, declining -5.87%
- 5/11/22 7:46 AM: Target (TGT, $219.11) was a top loser this week, declining -5.78%. Expect a Downtrend reversal
- 5/10/22 5:36 AM: Big Lots (BIG, $34.24) was a top weekly gainer, with a +5.03% jump. Expect an Uptrend reversal
The average weekly volume growth across all stocks in the Discount Stores Industry was -41.29%. For the same stocks of the Industry, the average monthly volume growth was 138.84% and the average quarterly volume growth was 140.71%
- 5/19/22 8:17 AM: The volume for Tuesday Morning stock increased for two consecutive days, resulting in a record-breaking daily growth of 221% of the 65-Day Volume Moving Average
- 5/13/22 4:50 AM: The volume for Tuesday Morning stock increased for one day, resulting in a record-breaking daily growth of 346% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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