Will Target Corporation Go Down Anytime Soon? Option Trader Believe So

 Will Target Corporation Go Down Anytime Soon? Option Trader Believe So

In today’s session Target Corporation (TGT) recorded an unusually high (306) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious TGT decrease. With 306 contracts traded and 113784 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: TGT170120P00060000 closed last at: $0.95 or 13.1% up. About 787,980 shares traded hands. Target Corporation (NYSE:TGT) has declined 18.24% since March 16, 2016 and is downtrending. It has underperformed by 23.79% 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 15.86% above today’s ($67.51) stock price. Target Corporation has been the topic of 40 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Friday, September 30 by Guggenheim. On Thursday, August 18 the stock rating was maintained by Telsey Advisory Group with “Outperform”. As per Thursday, May 19, the company rating was maintained by JP Morgan. BMO Capital Markets maintained Target Corporation (NYSE:TGT) on Friday, August 21 with “Market Perform” rating. Wolfe Research downgraded the shares of TGT in a report on Friday, April 29 to “Peer Perform” rating. The firm earned “Buy” rating on Tuesday, August 25 by Vetr. The stock has “Buy” rating given by Citigroup on Thursday, May 19. Barclays Capital maintained Target Corporation (NYSE:TGT) rating on Thursday, May 19. Barclays Capital has “Underweight” rating and $65 price target. The rating was reinitiated by Credit Suisse on Friday, September 16 with “Neutral”. The firm has “Neutral” rating given on Thursday, August 18 by Goldman Sachs.

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 $38.88 billion. The Firm sells a range of general merchandise and food through its store and digital channels. It has a 13.11 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. Seekingalpha.com‘s article titled: “Target: This 3.5% Yielding Dividend Stock Is On Deep Discount” and published on October 13, 2016 is yet another important article.

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