In a filing, Target Corporation revealed its Executive Officer Cornell Brian C unloaded Company’s shares for reported $3.92 million on Aug 18. In the deal valued at $130.70 per share,30,000 shares were sold. As a result of this transaction, Cornell Brian C now holds 399,669 shares worth roughly $ 50.03 million.
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Then, LIEGEL MATTHEW A sold 1,459 shares, generating $234,528 in total proceeds. Upon selling the shares at $160.75, the Chief Accounting Officer now owns 3,748 shares.
Before that, LIU DON H sold 6,000 shares. Target Corporation shares valued at $1,002,000 were divested by the Executive Officer at a price of $167.00 per share. As a result of the transaction, LIU DON H now holds 53,078 shares, worth roughly $6.64 million.
Daiwa Securities downgraded its Target Corporation [TGT] rating to a Neutral from a an Outperform in a research note published on Tuesday. PT values the company’s stock at a premium of 6.57 to its Tuesday closing price.
Price Performance Review of TGT
On Tuesday, Target Corporation [NYSE:TGT] saw its stock fall -0.26% to $125.19. On the same session, the stock had its day’s lowest price of $125.00, but rose to a high of $127.47. Over the last five days, the stock has gained 1.43%. Target Corporation shares have fallen nearly -16.00% since the year began. Nevertheless, the stocks have fallen -24.05% over the past one year. While a 52-week high of $181.70 was reached on 02/02/23, a 52-week low of $120.75 was recorded on 08/25/23. SMA at 50 days reached $130.67, while 200 days put it at $150.18. A total of 3.42 million shares were traded, compared to the trading of 3.0 million shares in the previous session.
Levels Of Support And Resistance For TGT Stock
The 24-hour chart illustrates a support level at 124.30, which if violated will result in even more drops to 123.42. On the upside, there is a resistance level at 126.77. A further resistance level may holdings at 128.36. The Relative Strength Index (RSI) on the 14-day chart is 42.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.38%. Stochastics %K at 32.14% indicates the stock is a holding.
How much short interest is there in Target Corporation?
A steep rise in short interest was recorded in Target Corporation stocks on Aug 14, 2023, growing by 0.28 million shares to a total of 9.98 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 9.7 million shares. There was a rise of 2.81%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.17% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.36.
Target Corporation [TGT] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 41,895,348 shares, or roughly 9.08% of the outstanding TGT shares. In other words, the investor’s shares have risen by 1,565,321 from its previous 13-F filing of 40330027.0. Additionally, SSgA Funds Management, Inc. decreased -1.40% of its stake after which the total value it holdings stand at $4,651,592,642, while Capital Research & Management Co reduced -9.36% of its stake to hold $4.46 billion in the firm. Over the last quarter, BlackRock Fund Advisors sold -1,063,064 shares of Target Corporation, while Massachusetts Financial Services sold 809,367 shares. At present, Geode Capital Management LLC is holding 8,443,280 shares valued at $1.15 billion. Franklin Advisers, Inc. owned 6,290,073 shares of the company at the time of its most recent 13F filing, worth $858.41 million.
According to FactSet, Target Corporation’s share price will average $149.88 in the next year, based on opinions of analysts polled by the firm. This is up nearly 17.51 percent from its previous closing price of $125.52. Analysts expect Target Corporation stock to reach the higher price of $184.00, while the lowest price estimate is $120.00. However, 35 analysts have rated TGT stock as an Overweight in their predictions for 2023.