Target Corp (TGT) – Strategic investments in plan for a better tomorrow

Target Corp (TGT) (Q2FY24)

Stock performance: Target stock gave returns of -21.4% and -32.9% in the period of three months and one year. The stock has a 52-week high of $181.70 and a 52-week low of $102.93. The stock gave returns of -30.5% and CAGR of -11.4% over a period of three years. The stock had a 200-Day Moving Average of $142.38 and a 50-Day Moving Average of $116.19.

Quarter Performance: In Q2FY24, total revenue decreased by 4.9% to $24.77bn, reflecting a total sales decrease of 4.9% and a 1.3% increase in other revenue, compared to $26.04bn in Q2FY23

Guidance: For Q2FY24, TGT expects comparable sales to be a mid- single-digit decline and GAAP EPS and adjusted EPS are both expected to range from $1.20 to $1.60.

For FY24, the company expects comparable sales in a wide range around a mid-single digit decline. GAAP EPS and Adjusted EPS are expected to be in the range of $7 to $8.

Highlights

Despite experiencing unexpectedly low sales, the company has effectively managed its inventory. In Q2FY24, the inventory of the company reduced by 17.2% to $12.68, compared to $15.32bn in Q2FY23.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– Discounted Cash Flow Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 40

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