Streetbeat News

TGT

Target Corporation

https://corporate.target.com

Industry

Discount Stores

Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials. It also provides in-store amenities, such as Target Café, Target Optical, Starbucks, and other food service offerings. The company sells its products through its stores; and digital channels, including Target.com. As of March 09, 2022, the company operated approximately 2,000 stores. Target Corporation was incorporated in 1902 and is headquartered in Minneapolis, Minnesota.

Open

153.83

Mkt cap

70B

Volume

3.9M

High

154.20

P/E Ratio

15.72

52-wk high

181.86

Low

151.92

Div yield

0.02

52-wk low

128.37

Unusual options activity has been observed for Target Corporation (NYSE:TGT), with a mix of bullish and bearish sentiments. The options trades, which are not typical, are split 50% bullish and 50% bearish. The trades include 2 puts amounting to $151,956 and 8 calls amounting to $313,038. The price range targeted by these trades over the last 3 months is from $100 to $150. Analysts have mixed ratings on Target, with price targets ranging from $134 to $193.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 8:30 pm

Florida Governor Ron DeSantis has paused his 2024 presidential campaign to focus on the aftermath of Hurricane Idalia. DeSantis warned against looting in the wake of the disaster, referencing the rise in shoplifting at retail stores across the country. Target Corporation (NYSE:TGT) acknowledged shoplifting problems last year, taking a $400 million hit due to organized theft that hurt gross profit margins.

Portfolio Pulse from Chris Katje

August 31, 2023 | 6:37 pm

Target Corp has temporarily closed or adjusted hours at locations in the immediate path of Storm Idalia, according to a company spokesperson.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 3:58 pm

The retail sector continues to show divergent quarterly results, with Foot Locker Inc (FL) and Urban Outfitters (URBN) being the latest examples. Foot Locker shares plunged 28% after the company slashed its outlook for the second time this year and reported another quarter of falling sales. In contrast, Urban Outfitters reported improved YoY second quarter earnings and a positive outlook. Other retailers mentioned include Target Corporation (TGT), The Home Depot Inc (HD), Walmart Inc (WMT), The TJX Companies Inc (TJX), and Nike (NKE).

Portfolio Pulse from Upwallstreet

August 29, 2023 | 6:19 pm

Target shares are trading higher amid overall market strength following a drop in Treasury yields from the release of new U.S. economic data.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 3:25 pm

A large investor has taken a bearish stance on Target (NYSE:TGT), with 86% of big-money traders also showing bearish sentiment. The investor's activity was noticed through publicly available options history. The price range targeted by these investors for Target over the last 3 months is from $95.0 to $150.0. Analysts from Jefferies, DA Davidson, and Wells Fargo maintain a 'Buy' or 'Equal-Weight' rating on Target, while RBC Capital and Roth MKM have downgraded their action to 'Outperform' and 'Neutral' respectively.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 2:16 pm

US luxury retailer Neiman Marcus is reportedly considering a sale to rival Saks Fifth Avenue due to weak demand. The company, which also owns Bergdorf Goodman, is expected to be acquired for $2 billion, below the $5.1 billion it fetched in 2005. Minor stakeholders Davidson Kempner Capital Management and Sixth Street Partners are pushing for the sale, while major investor PIMCO initially argued for improvement over time but has now agreed to a possible sale. The company's EBITDA in the June quarter decreased 25% Y/Y with a 9% drop in revenue.

Portfolio Pulse from Shivani Kumaresan

August 28, 2023 | 5:43 pm

Target Corp (TGT) shares have fallen by nearly 7% over the past five sessions due to mixed earnings in the retail sector. The drop was triggered by Dick's Sporting Goods lowering its guidance, which could reflect lower consumer confidence or spending. This sentiment could extend to Target, as both companies have sporting goods segments that target similar demographics. Investors are concerned that consumers might be cutting back on discretionary spending, which could negatively impact Target's sales and growth prospects.

Portfolio Pulse from Henry Khederian

August 25, 2023 | 2:26 pm

Target's shares are trading lower due to recent mixed earnings in the retail sector.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 2:09 pm

A significant bearish stance has been taken on Target (NYSE:TGT) by a large investor or institution, as indicated by unusual options trading activity. The sentiment among these big-money traders is 70% bearish and 30% bullish. The options trades include 4 puts totaling $1,564,272 and 6 calls totaling $409,452. The price range targeted by these whales over the last 3 months is from $90.0 to $195.0.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 7:05 pm

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