Target (TGT) Stock Higher Today as Retailers RiseBy twocents@thestreet (Amanda Schiavo) NEW YORK (TheStreet) -- Shares of Target Corp. are climbing by 3.62% to $76.65 on heavy volume in late afternoon trading on Wednesday, as retail stocks get a jolt from J.C. Penneys earlier announcement that its same store sales for theBy twocents@thestreet (Amanda Schiavo) NEW YORK (TheStreet) -- Shares of Target Corp. are climbing by 3.62% to $76.65 on heavy volume in late afternoon trading on Wednesday, as retail stocks get a jolt from J.C. Penneys earlier announcement that its same store sales for the 2014 holiday season increased over the previous year. J.C. Penney said that its comparable store sales growth for the nine week period from November to December was up by 3.7% over the 2013 holiday shopping season. Other retail stocks on the move higher today include Macys , up by 3.95% to $ 67.45, Dillards , gaining by 3.54% to $122.26, and Nordstrom , up by 3.18% to $79.23 this afternoon. Exclusive Report: Jim Cramers Best Stocks For 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Separately, TheStreet Ratings team rates TARGET CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation: We rate TARGET CORP (TGT) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The companys strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. Highlights from the analysis by TheStreet Ratings Team goes as follows: TGTs revenue growth has slightly outpaced the industry average of 3.6%. Since the same quarter one year prior, revenues slightly increased by 2.7%. This growth in revenue appears to have trickled down to the companys bottom line, improving the earnings per share. The debt-to-equity ratio is somewhat low, currently at 0.87, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. Looking ahead, the stocks rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that the other strengths this company displays justify these higher price levels. The net income growth from the same quarter one year ago has exceeded that of the Multiline Retail industry average, but is less than that of the S&P 500. The net income increased by 2.9% when compared to the same quarter one year prior, going from $341.00 million to $351.00 million. TARGET CORPs earnings per share improvement from the most recent quarter was slightly positive. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, TARGET CORP reported lower earnings of $3.07 versus $4.53 in the prior year. This year, the market expects an improvement in earnings ($3.25 versus $3.07). You can view the full analysis from the report here: TGT Ratings Report STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Click to view a price quote on TGT. Click to research the Retail industry. ift.tt/1gB4pon
Posted on: Wed, 07 Jan 2015 21:21:09 +0000
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