Target Corporation Intrinsic Value – TARGET CORPORATION Reports FY2023 Q4 Earnings Results as of January 31 2023.

Earnings Overview

On February 28 2023, TARGET CORPORATION ($NYSE:TGT) reported its FY2023 Q4 earnings results as of January 31 2023. In comparison to the same period last year, total revenue decreased by 42.9% to USD 0.9 billion; however, the company experienced a 1.3% year-over-year increase in net income, amounting to USD 31.4 billion.

Transcripts Simplified

Target Corporation finished 2022 with their 23rd consecutive quarter of comp sales growth on top of $3.1 billion in revenue growth, despite volatile and uncertain conditions. The company is continuing to focus on agility and strong retail fundamentals, with an emphasis on prioritizing growth in non-discretionary categories and delivering affordable joy to their customers. They have also set clear and realistic expectations for the coming 2023 financial year.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Target Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Target Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Target Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Target Corporation are shown below. More…

Market Price

On Tuesday, January 31st 2023, TARGET CORPORATION released their fourth quarter earnings results for the Financial Year 2023. The company saw their stock open up at $168.7 and close at $168.5, up by 1.0% from the previous closing price of 166.8. This shows that investors have faith in the company’s performance and have responded positively to their results. The profits had been driven primarily by strong sales of apparel and beauty products as well as a favorable mix of customers spending in stores as well as online.

Overall, TARGET CORPORATION reported very positive results for the fourth quarter of FY2023, showing that they remain a dominant force in retail and remain committed to providing excellent value and quality to their customers. This strong performance should continue to drive the stock price higher in the upcoming quarters and years. Live Quote…

Analysis – Target Corporation Intrinsic Value

At GoodWhale, we have conducted an in-depth fundamentals analysis of TARGET CORPORATION. After thorough assessment, we have determined that the fair value of the company’s share is approximately $232.4, which is based on our proprietary Valuation Line. At the time of writing, the TARGET CORPORATION stock is trading at a price of $168.5; this means the stock is currently undervalued by 27.5%. We believe this presents a great opportunity for potential investors, as they can invest in the stock at a discounted price and potentially enjoy significant returns in the future. More…

Peers

Its competitors are Walmart Inc, Costco Wholesale Corp, and Dollar Tree Inc. All of these companies offer similar products and services, but each has its own unique selling proposition.

– Walmart Inc ($NYSE:WMT)

Walmart Inc is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. Headquartered in Bentonville, Arkansas, the company was founded by Sam Walton in 1962 and incorporated on October 31, 1969. As of January 31, 2020, Walmart has 11,484 stores and clubs in 27 countries, operating under 55 different names. The company operates under the name Walmart in the United States and Canada, as Walmart de México y Centroamérica in Mexico and Central America, as Asda in the United Kingdom, as the Seiyu Group in Japan, and as Best Price in India. It has wholly owned operations in Argentina, Chile, Canada, and South Africa. Since August 2018, Walmart holds only a minority stake in Walmart Brasil, with 20% of the company’s shares, and private equity firm Advent International holding 80%.

– Costco Wholesale Corp ($NASDAQ:COST)

Costco Wholesale Corporation is a membership-only warehouse club that provides a wide selection of merchandise. They carry brand-name merchandise at substantially lower prices than are typically found at conventional wholesale or retail sources. Costco Wholesale Corporation operates in the United States, Canada, the United Kingdom, Japan, South Korea, Taiwan, and Mexico. As of 2022, the company had a market cap of 211.64B and a return on equity of 24.62%. Costco Wholesale Corporation is a publicly traded company listed on the Nasdaq Global Select Market under the ticker symbol COST.

– Dollar Tree Inc ($NASDAQ:DLTR)

Dollar Tree Inc is a retail company that operates dollar stores across the United States. The company has a market cap of $32.16 billion as of 2022 and a return on equity of 15.97%. Dollar Tree stores offer a variety of merchandise, including food, household goods, and health and beauty products. The company has been in operation for over 30 years and has a strong reputation for providing quality products at low prices.

Summary

Target Corporation‘s fourth quarter earnings results for FY2023 show a 42.9% year-over-year decline in total revenue to USD 0.9 billion. Despite this, net income was up 1.3% year-over-year to USD 31.4 billion. These results suggest that Target Corporation is weathering the economic downturn relatively well, and may be an attractive option for investors looking for a strong dividend paying stock in a challenging market. Investors should keep an eye on the company’s total revenue as it could provide an indication of the company’s future performance.