Target (TGT) Catches Eye: Stock Jumps 7.8%
Target Corporation TGT was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 5.4% in the past one-month time frame.
The move came after the company reported better-than-expected first-quarter 2019 earnings.
The company has seen three positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Target. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Target currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
Target Corporation Price
Another stock worth considering in the Retail - Discount Stores industry is Dollar General Corporation DG which carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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