Target Corporation (NYSE:TGT) traded today at a new 52-week high of $248.28. So far today approximately 802,000 shares have been exchanged, as compared to an average 30-day volume of 3 million shares.
With 1,897 stores (as of the end of fiscal 2020), Target is a leading American general merchandise retailer, offering a variety of products across several categories, including beauty and household essentials (26% of fiscal 2020 sales), food and beverage (20%), home furnishings and décor (20%), hardlines (18%), and apparel and accessories (16%). Most of Target’s stores are large, averaging nearly 130,000 square feet. The company has a significant e-commerce presence, deriving around 18% of sales from the channel (up from about 9% in fiscal 2019, before the pandemic). In addition to its namesake stores, Target owns Shipt, an online same-day delivery platform. After it exited Canada in 2015, virtually all of Target’s revenue is generated from the United States.
Target Corporation (NYSE:TGT) is currently priced 31.3% above its average consensus analyst price target of $170.41.
In the past 52 weeks, shares of Target Corporation have traded between a low of $116.73 and a high of $248.28 and is now at $248.22, which is 113% above that low price.
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