Target (NYSE:TGT): Right Time To Buy This Consumer Stock?

3 min read | May 19, 2021 01:19 PM EDT | By Raza Naqvi

Target (NYSE:TGT): Right Time To Buy This Consumer Stock? — Image source: Boiko Y,Shutterstock

Target Corporation Q1 FY21 Key Highlights

Target's comparable sales grew 22.9 per cent year-over-year (YoY), reflecting comparable store sales growth of 18 per cent and digital sales growth of 50 per cent YoY. Its operating income was US$ 2.4 billion, noting an increase of 407 per cent YoY.

Target’s net earnings soared by about 640 per cent YoY and amounted to US$ 2.1 billion in the latest quarter. The company also maintained a strong balance sheet with its current assets valued at US$ 19.9 billion.

Target Corporation Stock Performance (NYSE:TGT, TGT:US)

Target stock soared by 67.6 per cent in last one year, beating the S&P 500 Index’s growth in the same period. Target scrips surged by 24 per cent in the past six months, while its year-to-date (YTD) growth stood at 17 per cent.

1-year chart of stock performance, volume and moving average of Target Corporation (Source: EODHD/Others)

Target distributes a quarterly dividend of US$ 0.68 and its current dividend yield is 1.3 per cent. Its price-to-earnings ratio is 23.9 and it offers a return on equity of 33.3 per cent.

The above constitutes a preliminary view and any interest in stocks should be evaluated further from investment point of view.

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