Shares of Target Corporation (NYSE:TGT) traded today at $255.70, eclipsing its 52-week high. Approximately 888,000 shares have changed hands today, as compared to an average 30-day volume of 2.8 million shares.
Based on a current price of $255.43, Target Corporation is currently 30.6% above its average consensus analyst price target of $177.33.
Over the past year, Target Corporation has traded in a range of $119.04 to $255.70 and is now at $255.43, 115% above that low.
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.
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