Target ($TGT) Faces a Sharp 7.18% Decline: Unpacking the Weekly Drop
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📉 Target (TGT) Takes a Dive: Analyzing the Week's Top Loser 📉
Intro: A surprising turn of events in the Discount Stores Industry this week! Target (TGT, $121.79) witnessed a steep decline of -7.18%, ranking it among the week's top losers. But what's behind this drop, and how does the broader industry look? Let's dive in!
Weekly Recap: 📊 From the 16 stocks scrutinized in the Discount Stores Industry between 8/18/2023 and 8/25/2023, a concerning 88.89% (14 stocks) trended downwards, with only 11.11% (2 stocks) showing an uptrend.
Earnings and Dividends: 💹 Target's earnings report on August 16th painted a rosy picture, with earnings per share at $1.80, surpassing the expected $1.47. Yet, with its massive 7.28M shares, its market cap stands robust at $56.22B. 💰 Dividend-watchers, take note! A dividend of $1.10 per share has been announced, set to be paid on the record date of September 10, 2023. This comes on the heels of the previous dividend of $1.08 paid in June.
Industry Titans: 🏢 When talking discount giants, names like Walmart (WMT), Costco (COST), Dollar General (DG), Dollar Tree (DLTR), and Big Lots (BIG) stand tall. These companies have redefined value shopping, offering a diverse range of products at pocket-friendly prices.
Industry Snapshot: Discount stores have carved a niche by offering massive discounts on a wide array of retail products. Catering mainly to price-sensitive consumers and low-income households, these businesses thrive on competitive pricing, optimal locations, and effective marketing. They often shine during financial downturns, as shoppers hunt for bargains.
Market Cap Dynamics: 📈 The average market capitalization across the Discount Stores Industry hovers around $61.86B. Walmart (WMT) takes the crown with a staggering $424.98B, whereas TUEMQ settles as the underdog at $1.78K.
Pricing and Volume: 📉 The industry saw an average weekly price decline of -3%. Monthly and quarterly changes were -5% and 3%, respectively. BMRPF led the growth chart at 5%, while BIG took the hardest hit at -16%. 🔊 In terms of volume, the weekly average across all stocks dropped by -6%. However, monthly and quarterly volume surged by 24% and 16% respectively.
Analyzing the Fundamentals: For those into the nitty-gritty:
- Valuation Rating: 45
- P/E Growth Rating: 51
- Price Growth Rating: 51
- SMR Rating: 40
- Profit Risk Rating: 44
- Seasonality Score: -10 (Scale: -100 to +100)
Closing Thoughts: Despite its recent setback, Target's strong fundamentals and dividend announcement provide some solace to its investors. As with all investments, maintaining a diversified portfolio and monitoring industry trends can offer insights and mitigate risks.
TGT's RSI Indicator ascending out of oversold territory
The RSI Oscillator for TGT moved out of oversold territory on November 25, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 27 similar instances when the indicator left oversold territory. In of the 27 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 57 cases where TGT's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for TGT just turned positive on December 09, 2024. Looking at past instances where TGT's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TGT advanced for three days, in of 314 cases, the price rose further within the following month. The odds of a continued upward trend are .
TGT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 20, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on TGT as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
TGT moved below its 50-day moving average on November 20, 2024 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 November 20, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 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 .
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 of 62 cases within the following month. The odds of a continued downward trend are .
The Tickeron Valuation Rating of (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 (4.314) is normal, around the industry mean (8.013). P/E Ratio (14.463) is within average values for comparable stocks, (41.455). Projected Growth (PEG Ratio) (1.891) is also within normal values, averaging (2.817). Dividend Yield (0.033) settles around the average of (0.022) among similar stocks. P/S Ratio (0.587) is also within normal values, averaging (1.306).
The Tickeron SMR rating for this company is (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 Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued 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.
The Tickeron Price Growth Rating for this company is (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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. TGT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 59, placing this stock worse than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than 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.
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Industry description
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a department and discount store
Industry DiscountStores