Shares of Target Corporation (NYSE:TGT) traded today at $251.82, eclipsing its 52-week high. So far today approximately 765,000 shares have been exchanged, as compared to an average 30-day volume of 3 million shares.
Target Corporation (NYSE:TGT) defies analysts with a current price ($251.20) 30.1% above its average consensus price target of $175.60.
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.
In the past 52 weeks, Target Corporation share prices are bracketed by a low of $117.06 and a high of $251.82 and is now at $251.20, 115% above that low price.
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