Target Corporation (NYSE:TGT) traded today at a new 52-week high of $262.38. This new high was reached on below average trading volume as 579,000 shares traded hands, while the average 30-day volume is approximately 2.7 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 share prices have moved between a 52-week high of $262.38 and a 52-week low of $121.82 and are now trading 113% above that low price at $259.39 per share.
Target Corporation (NYSE:TGT) is currently priced 29.0% above its average consensus analyst price target of $184.25.
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