Target Corporation, situé à Minneapolis dans le Minnesota, est le cinquième distributeur en volume aux États-Unis, derrière Wal-Mart, Home Depot, Kroger et Costco et le deuxième parmi les Hard Discounters. L'entreprise, founded in 1902 already, ranks 38e Fortune 500 ranking in 2012. Target currently operates in the U.S. market, but with the recent acquisition of the majority of Canadian chain Zellers, the company plans to open 100 to 150 stores in Canada by the end of 2013. Target generates revenue from sales of clothing, electronics and housewares. Target has carved out a niche as a "cheap chic" retailer.
Le rendement actuel de TGT est modeste, avec 2.40%, mais sensiblement plus haut que sa moyenne sur le long terme qui est de 1.86%. La average annual dividend growth on the other hand is very attractive, with 25.32%. In addition, the company has managed to increase the pocket money of its shareholders during 41 consecutive years, which is remarkable. Despite this dividend growth, the distribution ratio remains very cautious, with only 29.26%. This leaves plenty of room to continue growing the dividend, even in the event of a difficult passage.
Le titre affiche une performance marquée depuis 1995. La volatility, avec 14.87%, est légèrement plus élevée que celle de mon portfolio and that of the market, but remains correct all the same. The beta of 0.87 confirms that TGT is quite sensitive to market variations.
The value of the security in CHF is sensitive to dollar fluctuations, with a $risk of 0.55. A fall in the greenback is thus usually also accompanied by a fall in the value of the security in CHF, which increases the risk. The current expansion in Canada should correct this negative effect somewhat.
TGT is a dynamic stock, with very good dividend growth and a low payout ratio. Since my last analysis last year, both currency risk and volatility have calmed down, which means that TGT now receives 4 stars, a sign of a very good risk/return ratio. It is highly likely that I will take a position on this stock sometime this year.
Sources: Wikipedia, Wikinvest, Swissquote, dividends.chDiscover more from dividendes
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Good evening,
If you plan on getting back into the stock soon, three things:
– Earnings are around February 27th.
– A small correction is likely on the US markets in February.
– If growth declines in North America, value should suffer…
Otherwise, to increase the “low” yield and lower your PRU on TGT, use the options!
Very good value indeed… I will go along with you by also placing myself on a fallback.