Target Sees Unusually High Options Volume (TGT)
Target (NYSE:TGT) saw some unusual options trading on Thursday. Traders acquired 21,841 put options on the company, StockRatingsNetwork.com reports. This is an increase of approximately 110% compared to the typical volume of 10,423 put options.
In other Target news, Director Roxanne S. Austin acquired 10,000 shares of Target stock in a transaction dated Monday, June 2nd. The stock was purchased at an average cost of $56.78 per share, with a total value of $567,800.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on TGT. Analysts at BMO Capital Markets cut their price target on shares of Target from $75.00 to $65.00 in a research note on Tuesday. Separately, analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of Target in a research note on Thursday, May 22nd. They now have a $54.00 price target on the stock, down previously from $67.00. Finally, analysts at Deutsche Bank cut their price target on shares of Target from $60.00 to $58.00 in a research note on Thursday, May 22nd. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Target has an average rating of “Hold” and a consensus price target of $63.96.
Target (NYSE:TGT) traded up 0.54% during mid-day trading on Thursday, hitting $57.49. The stock had a trading volume of 4,506,097 shares. Target has a 1-year low of $54.66 and a 1-year high of $73.50. The stock has a 50-day moving average of $58.80 and a 200-day moving average of $60.13. The company has a market cap of $36.432 billion and a price-to-earnings ratio of 19.32.
Target (NYSE:TGT) last released its earnings data on Wednesday, May 21st. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.71 by $0.01. The company had revenue of $17.05 billion for the quarter, compared to the consensus estimate of $17.02 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts expect that Target will post $3.69 EPS for the current fiscal year.
Target Corporation sells a range of assortment of general merchandise and food in its stores. The Company’s general merchandise and CityTarget stores offer a food assortment on a smaller scale and its SuperTarget stores offer a line of food items comparable to traditional supermarkets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.