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.
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.
This report is useful for M&A, business & investment analysis to all students, researchers, investors, private equity houses, broking firms, hedge funds, advisory firms and corporates to decide upon their investment strategies. Do connect with us, if you are looking for equity valuation, recommendation, analysis and market recommendation for any specific company, sector and industry.
– 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
– Price Performance
Stock Price Performance
No of Pages: 40
To download the previous quarter’s equity report CLICK HERE
To Download other equity reports CLICK HERE
Follow our LinkedIn page for more updates.