What Next for Target Corporation Stock After Today’s Bearish Options Activity?

 What Next for Target Corporation Stock After Today's Bearish Options Activity?

In today’s session Target Corporation (TGT) recorded an unusually high (1,599) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious TGT decrease. With 1,599 contracts traded and 6614 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: TGT161118P00062500 closed last at: $0.68 or 13.9% down. About 214,849 shares traded hands. Target Corporation (NYSE:TGT) has declined 14.58% since March 7, 2016 and is downtrending. It has underperformed by 22.17% the S&P500.

Target Corporation (NYSE:TGT) Ratings Coverage

Out of 17 analysts covering Target Corporation (NYSE:TGT), 5 rate it a “Buy”, 1 “Sell”, while 11 “Hold”. This means 29% are positive. $92 is the highest target while $65 is the lowest. The $78.22 average target is 13.21% above today’s ($69.09) stock price. Target Corporation has been the topic of 40 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Morgan Stanley maintained Target Corporation (NYSE:TGT) rating on Saturday, August 22. Morgan Stanley has “Underweight” rating and $74 price target. Cowen & Co maintained it with “Outperform” rating and $86 target price in Thursday, February 25 report. The company was upgraded on Tuesday, August 25 by Vetr. The firm has “Strong-Buy” rating given on Wednesday, September 2 by Vetr. Vetr upgraded the shares of TGT in a report on Tuesday, September 8 to “Strong-Buy” rating. The company was maintained on Thursday, February 4 by Piper Jaffray. Wolfe Research downgraded the shares of TGT in a report on Friday, April 29 to “Peer Perform” rating. The firm earned “Hold” rating on Sunday, September 6 by Deutsche Bank. The firm has “Neutral” rating by UBS given on Thursday, November 19. On Monday, August 17 the stock rating was maintained by Deutsche Bank with “Hold”.

According to Zacks Investment Research, “Target Corporation operates large-format general merchandise and food discount stores in the United States, which include Target and SuperTarget stores. They offer both everyday essentials and fashionable, differentiated merchandise at exceptional prices. Their ability to deliver a shopping experience that is preferred by their guests is supported by their strong supply chain and technology infrastructure. They operate as a single business segment. Their credit card operations represent an integral component of their core retail business. They also operate a fully integrated online business, Target.com. Although Target.com is small relative to their overall size, its sales are growing at a much more rapid pace than their in-store sales, and it provides important benefits to their stores and credit card operations.”

Target Corporation offers everyday essentials and merchandise to its customers. The company has a market cap of $40.08 billion. The Firm sells a range of general merchandise and food through its store and digital channels. It has a 13.42 P/E ratio. The Company’s general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.

TGT Company Profile

Target Corporation, incorporated on February 11, 1902, offers everyday essentials and merchandise to its customers. The Firm sells a range of general merchandise and food through its store and digital channels. The Company’s general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. The Company’s digital channels include a range of general merchandise, including various items found in its stores, along with a complementary assortment, such as additional sizes and colors sold only online. The Company’s brands include Archer Farms, Market Pantry, Threshold, Simply Balanced, Merona, up & up, Boots & Barkley, Room Essentials, Wine Cube, Circo, Smith & Hawken, Xhilaration, Embark, Ava & Viv, Spritz and Sonia Kashuk.

More news for Target Corporation (NYSE:TGT) were recently published by: Seekingalpha.com, which released: “Target Corporation: Performance Will Be Challenged In The Near Term” on October 08, 2016. Usnews.com‘s article titled: “Target Corporation Has Another Problem (TGT)” and published on September 14, 2016 is yet another important article.

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