Short Interest Coverage: Target Corporation (NYSE:TGT) Shorted Shares Increased 15.36% After Market Selling

November 17, 2016 - By Marguerite Chambers   ·   0 Comments

Short Interest Coverage: Target Corporation (NYSE:TGT) Shorted Shares Increased 15.36% After Market Selling

The stock of Target Corporation (NYSE:TGT) registered an increase of 15.36% in short interest. TGT’s total short interest was 46.04 million shares in November as published by FINRA. Its up 15.36% from 39.91M shares, reported previously. With 7.13M shares average volume, it will take short sellers 7 days to cover their TGT’s short positions. The short interest to Target Corporation’s float is 8.02%. About 3.51 million shares traded hands. Target Corporation (NYSE:TGT) has declined 7.95% since April 15, 2016 and is downtrending. It has underperformed by 12.58% the S&P500.

Target Corporation offers everyday essentials and merchandise to its customers. The company has a market cap of $46.17 billion. The Firm sells a range of general merchandise and food through its store and digital channels. It has a 13.99 P/E ratio. The Company’s general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items.

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. Target Corporation has been the topic of 40 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Nomura given on Thursday, May 19. UBS maintained it with “Neutral” rating and $75 target price in Thursday, November 19 report. The rating was maintained by JP Morgan on Thursday, May 19 with “Neutral”. The stock has “Hold” rating given by Deutsche Bank on Sunday, September 6. The stock of Target Corporation (NYSE:TGT) earned “Hold” rating by Deutsche Bank on Monday, May 16. BMO Capital Markets maintained the shares of TGT in a report on Wednesday, August 26 with “Hold” rating. The rating was upgraded by Vetr to “Strong-Buy” on Tuesday, September 8. Morgan Stanley maintained Target Corporation (NYSE:TGT) on Saturday, August 22 with “Underweight” rating. Barclays Capital maintained it with “Underweight” rating and $65 target price in Thursday, May 19 report. Cowen & Co maintained the stock with “Outperform” rating in Saturday, August 22 report.

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 notable recent Target Corporation (NYSE:TGT) news were published by: Investorplace.com which released: “Here’s Why Target Corporation is Still a Buy (TGT)” on November 17, 2016, also Investorplace.com with their article: “3 Big Stock Charts: Target Corporation (TGT), Lowe’s Companies, Inc. (LOW) and …” published on November 16, 2016, Investorplace.com published: “2 Bullish Trades for Target Corporation (TGT) Stock Earnings” on November 14, 2016. More interesting news about Target Corporation (NYSE:TGT) were released by: Nasdaq.com and their article: “Earnings Reaction History: Target Corporation, 33.3% Follow-Through Indicator …” published on November 16, 2016 as well as Nasdaq.com‘s news article titled: “Target Corporation (TGT) Ex-Dividend Date Scheduled for November 14, 2016” with publication date: November 11, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Marguerite Chambers


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>