What Will Happen to Target Corporation Next? The Stock Just Had Huge Bearish Options Activity

 What Will Happen to Target Corporation Next? The Stock Just Had Huge Bearish Options Activity

In today’s session Target Corporation (TGT) recorded an unusually high (1,975) 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 1,975 contracts traded and 3694 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: TGT161118P00067000 closed last at: $1.06 or 45.6% down. About 924,161 shares traded hands. Target Corporation (NYSE:TGT) has declined 11.57% since April 11, 2016 and is downtrending. It has underperformed by 17.72% 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 10.25% above today’s ($70.95) stock price. Target Corporation has been the topic of 40 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained Target Corporation (NYSE:TGT) on Monday, August 17 with “Hold” rating. Cowen & Co downgraded the shares of TGT in a report on Monday, September 12 to “Market Perform” rating. The firm earned “Neutral” rating on Thursday, November 19 by M Partners. The stock has “Underweight” rating given by Morgan Stanley on Saturday, August 22. Zacks upgraded Target Corporation (NYSE:TGT) rating on Thursday, August 20. Zacks has “Hold” rating and $91 price target. The firm earned “Buy” rating on Tuesday, August 25 by Vetr. Citigroup maintained Target Corporation (NYSE:TGT) on Thursday, August 18 with “Buy” rating. The rating was initiated by Guggenheim with “Neutral” on Friday, September 30. Citigroup initiated the shares of TGT in a report on Monday, November 9 with “Buy” rating. On Saturday, August 22 the stock rating was maintained by Cowen & Co with “Outperform”.

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 $41.81 billion. The Firm sells a range of general merchandise and food through its store and digital channels. It has a 13.78 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 recent Target Corporation (NYSE:TGT) news were published by: Usnews.com which released: “Target Corporation Recalls 127000 Halloween Decorations (TGT)” on October 24, 2016. Also Nasdaq.com published the news titled: “Target Corporation (TGT) Stock Is a Buy Before the Holidays” on November 08, 2016. Valuewalk.com‘s news article titled: “Dividend Aristocrats In Focus Part 18: Target Corporation” with publication date: November 01, 2016 was also an interesting one.

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