L'intérêt à découvert pour Target donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de Target. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

Target (NYSE:TGT) Stock, Rapport sur les intérêts à découvert

Target

Target serves as the nation's seventh-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices. Target's upscale and stylish image began to carry national merit in the 1990s—a decade in which the brand saw its top line grow threefold to almost $30 billion—and has since cemented itself as a leading US retailer.Today, Target operates over 1,950 stores in the United States, generates over $100 billion in sales, and fulfills over 2 billion customer orders annually. The firm's vast physical footprint is typically concentrated in urban and suburban markets as the firm seeks to attract a more affluent consumer base.

Target Corp

TARGETED MICRO SOL ORD by Targeted Microwave Solutions Inc.

Targeted Microwave Solutions Inc

TG Therapeutics Inc

TARGET ORD

Most of the important news in the financial markets goes over investors&#39; heads, only to wake up to new market price action and realize they should have not only paid attention but also acted upon the news that was released in the recent past. Today&#39;s most important news&mdash;and implications&mdash;can be taken from the recent port strikes that started this week.
When the dominoes are laid out, investors may arrive at a few pain points of inflection. They all end up with worse inflation and a significant hit to the United States GDP, which affects the stock market. But, not all stocks in the S&amp;P 500 are equal; while most in the consumer discretionary and consumer staples sectors stand to be negatively impacted by strikes, those in the transportation sector could now see added demand.
Major importers like Walmart Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wmt#NYSE">WMT</a>) and Target Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tgt#NYSE">TGT</a>) are now facing a potential threat of supply chain disruptions, with no signs of demand slowing down. This mix could create a major issue in terms of pricing and item availability but, conversely, make air freight a more attractive alternative, which is where FedEx Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fdx#NYSE">FDX</a>) comes into play.
<h2>Walmart&#39;s Value Proposition at Risk: What Investors Need to Know</h2>
There has to be a reason why Walmart&#39;s CEO recently sold some of the company&#39;s stock, up to $2.3 million. The timing of the transaction seems to answer it all. It was September 26th, just days before the port strikes were announced to begin.
Insiders are getting ahead because this could severely impact Walmart&#39;s ability to offer low-priced items to its consumer base. At the same time, bears are coming in to raid the stock. Walmart&#39;s short interest rose by as much as 3.8% over the past month, showing signs of trouble ahead.
If supply chains are disrupted, then Walmart&#39;s $3 billion worth of imports could see higher shipping and sourcing costs, leaving the consumer to pay for the passed-on expenses down the line. The warning signs didn&#39;t stop at company management and bearish traders; however, some institutional players had the same view in mind.
Anchor Investment Management also decided to trim its Walmart holdings by 6.5% as of September. This decision may have been made after considering Walmart stock&#39;s risk-to-reward profile, as it now trades at a high price-to-earnings (P/E) ratio of 42.3x, above the rest of the peer group.
The downside is now seemingly larger than the upside, and these new port strikes might be the catalyst for the rest of the market to see that as well.
<h2>Target&#39;s Smaller Scale Puts It at Risk</h2>
While Walmart has enough international reach to cushion some of the potential impacts, Target does not. Because of these increased risks to a brand already affected by inflationary pressures, some insiders also decided to trim some of their Target stock before the actual impact of these strikes is known.
Richard H. Gomez, a Target insider, sold as many as 6,348 shares as of September 27th. Getting rid of roughly $1 million worth of stock just days before the strikes began amplifies the concern that this event poses on the industry. Still, the bearish evidence didn&#39;t stop there.
Over the past quarter, Target stock&#39;s short interest has risen from roughly $1 billion to $2.2 billion today, which could corner some of the bulls who may attempt to get out during the potential volatility these strikes could create. As Walmart experienced, Target is also reporting some institutional names selling some of their holdings in the company.
First Financial Bank Trust decided to trim its holdings in Target stock by 3.3% during the past quarter, but it wasn&#39;t alone in this decision. Park National also reduced its investments in Target stock by 7.5% as of October 2024.
<h2>FedEx Stock Could Rebound as Port Strikes Threaten Supply Chains</h2>
Now that regular freight schedules and supply chains are becoming disrupted through strikes, air transportation could become the next best alternative. With this potential tailwind behind it, FedEx stock may stand to close down the gap left behind after its recent earnings selloff.
Now that the stock trades at 85% of its 52-week high, the company has a double-digit opportunity to make a comeback. This is why analysts at J.P. Morgan Chase see a potential for FedEx stock to head higher toward their price target of $350, which calls for a net upside of 29.8% from where the stock trades today.
Knowing this could be the case, bearish traders decided to step off the gas when it came to selling short. FedEx stock&#39;s short interest declined by over 8.5% in the past month, showing investors signs of this bearish capitulation. Replacing some of the beaten bears were a few institutional buyers as well.
Leading the most recent buys, Jacobs &amp; Co. increased their holdings by 0.4% as of October 2024. This may not seem like much of a boost on a percentage basis. Still, it did bring the group&#39;s net investment to $12.6 million today as a sign of institutional confidence for FedEx&#39;s future.
This is, of course, a small drop compared to the $8.3 billion in institutional capital that has entered FedEx stock over the past 12 months.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/how-recent-port-strikes-could-impact-these-key-3-stocks/">How Recent Port Strikes Could Impact These 3 Key Stocks</a>&quot; first appeared on MarketBeat.

Earnings

Large Cap

News

Price Target

Management

Insider Trades

Markets

Analyst Ratings

Trading Ideas

How Recent Port Strikes Could Impact These 3 Key Stocks

Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)&nbsp;is targeting 250,000 transportation and warehouse workers in the U.S. to capitalize on the 2024 holiday rush, Reuters reports.
The hiring numbers remain the same as in 2023. The hiring ahead of the holiday season underscores the importance of the extra hands in the retail industry.
Discount retailer Target Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) planned to employ 100,000&nbsp;to help tide through the holiday season.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41162084/amazon-prime-video-ramps-up-ads-taking-on-netflix-and-disney-in-streaming-battle" rel="noreferrer noopener">Amazon Prime Video Ramps Up Ads, Taking on Netflix and Disney+ in Streaming Battle</a>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04080038/newplot-5.png" alt="" class="wp-image-580495" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04080038/newplot-5.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04080038/newplot-5-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
In September, Amazon raised the<a target="_blank" href="https://www.benzinga.com/news/24/09/40927136/amazon-boosts-worker-pay-to-over-29hour-invests-2-2b-as-holiday-kicks-in" rel="noreferrer noopener"> average hourly total compensation</a> for fulfillment and transportation employees in the U.S. to over $29.
Walmart Inc's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) Sam's Club also targeted higher hourly pay for frontline associates to over $19 with thousands of dollars annually in bonuses.
It is worth noting that on Wednesday, the National Labor Relations Board (NLRB) charged Amazon, a joint employer of its Delivery Service Partner (DSP) drivers, for failing to acknowledge and bargain with the <a target="_blank" href="https://www.prnewswire.com/news-releases/nlrb-doubles-down-amazon-is-a-joint-employer-302266076.html" rel="noreferrer noopener">Teamsters Union</a>.
As per the NLRB, Amazon <a target="_blank" href="https://www.benzinga.com/government/24/10/41171072/amazon-accused-of-union-busting-after-drivers-unionize-nlrb-files-complaint" rel="noreferrer noopener">employed multiple unfair labor practices</a> to prevent union activities at a facility in Palmdale, California.
The charges against Amazon included its refusal to recognize the workers' right to unionize, its refusal to bargain with the Teamsters over employment conditions, and the termination of its DSP contract.
In 2023, Amazon's U.S. sales were $12.4 billion on Cyber Monday, up by 9.6%, quashing the estimate of $12 billion. Amazon's total online sales for Cyber Week were $38 billion, topping the $37.2 billion estimate.
U.S. retailers could add 520,000 jobs during the holiday season, down from 2023's 564,200, per Reuters.
Reuters cites Mastercard's projection that online holiday shopping could reach $240.8 billion, up 4.9%.
Price Action: AMZN stock is up 2.11% to $185.80 premarket at the last check Friday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41169322/amazons-profitable-essential-merchandise-efficiency-gains-set-to-drive-growth-analyst" target="_blank" rel="noreferrer noopener">Amazon's Profitable Essential Merchandise, Efficiency Gains Set To Drive Growth: Analyst</a></li>
</ul>
Image via Shutterstock

Tech

Media

AMZN

NVDA

Amazon To Boost Workforce by 250K for 2024 Holidays, Joining Retail Hiring Surge

Investors with a lot of money to spend have taken a bullish stance on Target (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with TGT, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 22 uncommon options trades for Target.
This isn't normal.
The overall sentiment of these big-money traders is split between 40% bullish and 31%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $476,058, and 15 are calls, for a total amount of $700,143.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $120.0 to $170.0 for Target over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Target options trades today is 993.93 with a total volume of 4,430.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Target's big money trades within a strike price range of $120.0 to $170.0 over the last 30 days.
<h3>Target Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727974071_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TGT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$15.4</td>
<td>$15.4</td>
<td>$15.4</td>
<td>$150.00</td>
<td>$152.4K</td>
<td>404</td>
<td style="text-align: right;">140</td>
</tr>
<tr>
<td>TGT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$24.5</td>
<td>$24.05</td>
<td>$24.5</td>
<td>$150.00</td>
<td>$122.5K</td>
<td>69</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>TGT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$10.4</td>
<td>$10.15</td>
<td>$10.4</td>
<td>$140.00</td>
<td>$102.9K</td>
<td>2.0K</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>TGT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$7.75</td>
<td>$7.55</td>
<td>$7.6</td>
<td>$170.00</td>
<td>$75.2K</td>
<td>1.1K</td>
<td style="text-align: right;">101</td>
</tr>
<tr>
<td>TGT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$7.05</td>
<td>$6.85</td>
<td>$6.95</td>
<td>$130.00</td>
<td>$68.8K</td>
<td>1.0K</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About Target</h3>
Target serves as the nation's seventh-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices. Target's upscale and stylish image began to carry national merit in the 1990s—a decade in which the brand saw its top line grow threefold to almost $30 billion—and has since cemented itself as a leading US retailer.Today, Target operates over 1,950 stores in the United States, generates over $100 billion in sales, and fulfills over 2 billion customer orders annually. The firm's vast physical footprint is typically concentrated in urban and suburban markets as the firm seeks to attract a more affluent consumer base.
After a thorough review of the options trading surrounding Target, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Target Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 1,941,101, with TGT's price down by -1.02%, positioned at $148.87.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 48 days.</li>
</ul>
<h3>Expert Opinions on Target</h3>
In the last month, 2 experts released ratings on this stock with an average target price of $187.5.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Reflecting concerns, an analyst from Melius Research lowers its rating to Buy with a new price target of $180. 
&#x2A; An analyst from Telsey Advisory Group has decided to maintain their Outperform rating on Target, which currently sits at a price target of $195. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Target options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

What the Options Market Tells Us About Target

Target Announced The Release Of Its 2024 Bullseye's Top Toys List, Which Includes More Than 60 Toys, Nearly Half Of Which Are Exclusive To Target

The labor contract between the International Longshoremen's Association and U.S. Maritime Alliance <a href="https://www.benzinga.com/news/24/10/41111978/dockworkers-strike-will-it-impact-your-holiday-shopping">expired overnight on Tuesday</a>. The ILA — whose members comprise dockworkers on the East Coast —&nbsp;is now officially on strike.
<a href="https://www.benzinga.com/topic/supply-chain">Supply chain disruptions</a> stemming from a prolonged strike may affect several companies and the U.S. economy as a whole.
What Happened: The dispute stems from two fundamental disagreements between the stevedores and port employers.
In their collective bargaining agreement, the ILA proposed a 77% pay raise over the next six years. The USMX <a href="https://www.usmx.com/assets/content/public-resources/9-30-24_USMX_UPDATE_Status_of_USMX-ILA_Negotiations.pdf">countered</a> with 50%.
&#8220;Our offer would increase wages by nearly 50 percent, triple employer contributions to employee retirement plans, strengthen our health care options, and retain the current language around automation and semi-automation,&#8221; the association said in a statement.
ILA President Harold Daggett <a href="https://ilaunion.org/letter-of-opposition-to-usmxs-misleading-statement/">urged</a> the USMX to agree to a larger wage increase to address inflation.
&#8220;USMX claims to offer industry-leading wages. However, their interpretation of &#8216;leading wages&#8217; is polar opposite to ours. Inflation has completely eaten into any raises and wages,&#8221; Daggett said.
Another fundamental disagreement comes from efforts to automate several port functions.
&#8220;USMX is trying to fool you with promises of workforce protections for semi-automation,&#8221; Daggett said. &#8220;Let me be clear: we don't want any form of semi-automation or full automation. We want our jobs—the jobs we have historically done for over 132 years.&#8221;
President Joe Biden <a href="https://www.whitehouse.gov/briefing-room/speeches-remarks/2024/09/30/remarks-by-president-biden-before-air-force-one-departure-dover-de/">told</a> reporters on Monday that he would not intervene in the matter, reiterating support for collective bargaining.
The closure will <a href="https://ilaunion.org/map/">affect</a> several U.S. ports, including Baltimore, Boston, New York and Philadelphia.
Economic Impact: RSM economist Joseph Brusuelas said the strike implies a modest impact on the U.S. economy.
&#8220;Labor action by port workers along the East and Gulf coast of the United States will provide a modest hit to GDP of a little greater than 0.1 percentage points per week or roughly $4.3 billion in lost exports and imports. If sustained that would result in roughly 0.5% percentage points shaved from overall GDP in the final quarter of 2024,&#8221; Brusuelas said.
&#8220;Given that the American economy is on a 3% growth path at this time, we do not expect the strike to derail the trajectory of the domestic economy or present a risk to an early and unnecessary end to the current economic expansion.&#8221;
The economist said the continued operation of ports in the western U.S. would likely lessen much of the strike&#8217;s economic impact.
When will the Strike End?: In a note published Monday, Morgan Stanley logistics analyst Ravi Shanker expressed a belief that the strike will end sooner rather than later.
&#8220;&#8230;in the event of a work stoppage, we believe it is highly unlikely to be prolonged,&#8221; Shanker said.
Affected Companies: ZIM Integrated Shipping Services Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>), A P Moller Maersk (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AMKBY#OTC">AMKBY</a>), XPO Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) are publicly traded logistics companies likely to be affected by a sustained supply chain disruption.
Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) and Target Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>), two of the largest U.S. retailers, could face increased supply chain costs and inventory shortages if the dockworker strike persists.
Additionally, an agreement between the ILA and USMX on automation protection would likely affect companies manufacturing the equipment.
ABB Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ABBNY#OTC">ABBNY</a>) and Cargotec Corp (HEL: CGCBV) are among the largest distributors of dock automation technology.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41108345/apples-satellite-messaging-feature-emerges-as-lifeline-after-hurricane-helene-leaves-thousands-witho">Apple&#8217;s Satellite Messaging Feature Emerges As Lifeline After Hurricane Helene Leaves Thousands Without Cell Phone Service: Here&#8217;s How You Can Use It</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Equities

Macro Economic Events

Econ #s

Economics

ABBNY

AMKBY

East Coast Dockworkers Strike: How Labor Dispute Impacts Economy, Logistics Companies

Tropical Storm Helene is forecasted to turn <a href="https://www.benzinga.com/markets/equities/24/08/40259269/storm-debby-headed-for-nyc-highly-populated-areas-as-catastrophic-flooding-persists">into a hurricane</a> as it makes landfall over Florida on Thursday.
The storm was located about 60 miles northeast of Cozumel, Mexico, Wednesday morning, moving northwest at 9 mph with maximum sustained winds of 70 mph, according to the National Weather Service (NWS).
The storm is expected to strengthen into a hurricane as it passes over the Gulf of Mexico&#8217;s eastern coast later Wednesday and into Thursday and reaches the Big Bend of Florida late Thursday.
The NWS has already issued a tropical storm warning for all of the Florida Keys, the state&#8217;s west coast from Flamingo to Anclote River, including Tampa Bay, and the Florida east coast from Flamingo northward to Altamaha Sound, Georgia. 
Read Also: <a href="https://www.benzinga.com/markets/equities/24/09/40982087/shell-braces-for-tropical-storm-35-prepares-major-gulf-of-mexico-oil-fields-for-shut-down">Shell Braces For Tropical Storm 35: Prepares Major Gulf Of Mexico Oil Fields For Shut Down</a>
Helene is forecasted to produce 5 to 10 inches of rain, with isolated totals of 15 inches over the southeastern U.S. This will likely result in considerable urban and flash flooding and significant river flooding. It may also cause landslides in steep terrain areas in the southern Appalachians.
Helene is also expected to bring 4 to 8 inches of rain to Cuba, the Cayman Islands and the northern Yucatan Peninsula before reaching the U.S.
Price Action: The approaching storm has impacted stocks of generator producers, retailers, and utility companies with a presence or a subsidiary in Florida.
Generators
<ul>
<li>Generac Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) slipped 0.45% to $150.16</li>
<li>Cummins Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMI#NYSE">CMI</a>) declined 0.55% to $321.78</li>
<li>Honda Motor Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) rose 0.27% to $32.83</li>
</ul>
Retailers
<ul>
<li>Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) gained 0.56% to $81.12</li>
<li>Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) slipped 0.4% to $155.56</li>
<li>The Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) fell 0.67% to $397.99</li>
</ul>
Utilities 
<ul>
<li>Emera Incorporated (TSX:<a class="ticker" href="https://www.benzinga.com/stock/EMA#TSX">EMA</a>) gained 0.55% to $52.83</li>
<li>Duke Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>) slipped 0.12% to $115.85</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39581491/whats-going-on-with-cruise-stocks-as-category-4-hurricane-beryl-churns-in-the-caribbean">What&#8217;s Going On With Cruise Stocks As Category 4 Hurricane Beryl Churns In the Caribbean?</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Retail Sales

GNRC

TSX:EMA

Tropical Storm Helene Set To Become Hurricane: Generac, Duke Energy Stocks React As Florida Braces

Financial giants have made a conspicuous bullish move on Target. Our analysis of options history for Target (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) revealed 11 unusual trades.
Delving into the details, we found 54% of traders were bullish, while 27% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $192,940, and 7 were calls, valued at $359,711.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $110.0 and $185.0 for Target, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Target's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Target's whale trades within a strike price range from $110.0 to $185.0 in the last 30 days. 
<h3>Target 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727196348_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TGT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$1.8</td>
<td>$1.79</td>
<td>$1.8</td>
<td>$180.00</td>
<td>$90.1K</td>
<td>977</td>
<td style="text-align: right;">502</td>
</tr>
<tr>
<td>TGT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$4.25</td>
<td>$4.2</td>
<td>$4.2</td>
<td>$155.00</td>
<td>$84.4K</td>
<td>5.6K</td>
<td style="text-align: right;">235</td>
</tr>
<tr>
<td>TGT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$6.2</td>
<td>$5.9</td>
<td>$6.15</td>
<td>$185.00</td>
<td>$55.7K</td>
<td>235</td>
<td style="text-align: right;">90</td>
</tr>
<tr>
<td>TGT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$8.95</td>
<td>$8.5</td>
<td>$8.5</td>
<td>$160.00</td>
<td>$46.7K</td>
<td>6.1K</td>
<td style="text-align: right;">55</td>
</tr>
<tr>
<td>TGT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$1.61</td>
<td>$1.55</td>
<td>$1.55</td>
<td>$170.00</td>
<td>$46.5K</td>
<td>2.0K</td>
<td style="text-align: right;">672</td>
</tr>
</tbody>
</table>

<h3>About Target</h3>
Target serves as the nation's seventh-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices. Target's upscale and stylish image began to carry national merit in the 1990s—a decade in which the brand saw its top line grow threefold to almost $30 billion—and has since cemented itself as a leading US retailer.Today, Target operates over 1,950 stores in the United States, generates over $100 billion in sales, and fulfills over 2 billion customer orders annually. The firm's vast physical footprint is typically concentrated in urban and suburban markets as the firm seeks to attract a more affluent consumer base.
<h3>Current Position of Target</h3>
<ul>
<li>With a volume of 1,210,121, the price of TGT is up 0.49% at $156.06. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 57 days.</li>
</ul>
<h3>Professional Analyst Ratings for Target</h3>
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $180.66666666666666.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from JP Morgan persists with their Neutral rating on Target, maintaining a target price of $167. 
&#x2A; Reflecting concerns, an analyst from Melius Research lowers its rating to Buy with a new price target of $180. 
&#x2A; An analyst from Telsey Advisory Group persists with their Outperform rating on Target, maintaining a target price of $195. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Target options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Unpacking the Latest Options Trading Trends in Target

Target (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) has been analyzed by 23 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">10</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $174.48, a high estimate of $200.00, and a low estimate of $147.00. This upward trend is apparent, with the current average reflecting a 0.97% increase from the previous average price target of $172.81.
<img src="https://www.benzinga.com/files/images/story/2024/1727118068_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The analysis of recent analyst actions sheds light on the perception of Target by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Karen Short</td>
<td>Melius Research</td>
<td>Announces</td>
<td>Buy</td>
<td>$180.00</td>
<td>-</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$195.00</td>
<td>$195.00</td>
</tr>
<tr>
<td>Christopher Horvers</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$167.00</td>
<td>$153.00</td>
</tr>
<tr>
<td>Paul Lejuez</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$188.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>George Kelly</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$180.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Steven Shemesh</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$177.00</td>
<td>$174.00</td>
</tr>
<tr>
<td>Michael Lasser</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$200.00</td>
<td>$185.00</td>
</tr>
<tr>
<td>Oliver Chen</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$180.00</td>
<td>$165.00</td>
</tr>
<tr>
<td>Corey Tarlowe</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$195.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Scot Ciccarelli</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$162.00</td>
<td>$156.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$160.00</td>
<td>$158.00</td>
</tr>
<tr>
<td>Mark Astrachan</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$165.00</td>
<td>$147.00</td>
</tr>
<tr>
<td>Bill Kirk</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Neutral</td>
<td>$157.00</td>
<td>$153.00</td>
</tr>
<tr>
<td>Robert Ohmes</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$195.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Simeon Gutman</td>
<td>Morgan Stanley</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$180.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$190.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$190.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Rupesh Parikh</td>
<td>Oppenheimer</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$180.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Mark Astrachan</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Hold</td>
<td>$147.00</td>
<td>$170.00</td>
</tr>
<tr>
<td>George Kelly</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$160.00</td>
<td>$175.00</td>
</tr>
<tr>
<td>Christopher Horvers</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$153.00</td>
<td>$165.00</td>
</tr>
<tr>
<td>Scot Ciccarelli</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$156.00</td>
<td>$153.00</td>
</tr>
<tr>
<td>Peter Keith</td>
<td>Piper Sandler</td>
<td>Announces</td>
<td>Neutral</td>
<td>$156.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Target. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Target compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Target's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Target's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/TGT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Target analyst ratings.</a>
<h2>Unveiling the Story Behind Target</h2>
Target serves as the nation's seventh-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices. Target's upscale and stylish image began to carry national merit in the 1990s—a decade in which the brand saw its top line grow threefold to almost $30 billion—and has since cemented itself as a leading US retailer.Today, Target operates over 1,950 stores in the United States, generates over $100 billion in sales, and fulfills over 2 billion customer orders annually. The firm's vast physical footprint is typically concentrated in urban and suburban markets as the firm seeks to attract a more affluent consumer base.
<h3>Key Indicators: Target's Financial Health</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Target's revenue growth over a period of 3 months has been noteworthy. As of 31 July, 2024, the company achieved a revenue growth rate of approximately 2.74%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Staples sector.
Net Margin: Target's net margin is impressive, surpassing industry averages. With a net margin of 4.68%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Target's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 8.43% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Target's ROA excels beyond industry benchmarks, reaching 2.15%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.3.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Unveiling 23 Analyst Insights On Target

Whales with a lot of money to spend have taken a noticeably bullish stance on Target.
Looking at options history for Target (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 80% of the investors opened trades with bullish expectations and 10% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $245,006 and 5, calls, for a total amount of $584,354.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $145.0 to $165.0 for Target over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Target's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Target's substantial trades, within a strike price spectrum from $145.0 to $165.0 over the preceding 30 days.
<h3>Target Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727117154_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TGT</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$5.15</td>
<td>$5.05</td>
<td>$5.1</td>
<td>$165.00</td>
<td>$356.9K</td>
<td>2.0K</td>
<td style="text-align: right;">769</td>
</tr>
<tr>
<td>TGT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$7.5</td>
<td>$7.45</td>
<td>$7.45</td>
<td>$150.00</td>
<td>$83.4K</td>
<td>6.0K</td>
<td style="text-align: right;">113</td>
</tr>
<tr>
<td>TGT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$15.65</td>
<td>$15.4</td>
<td>$15.55</td>
<td>$145.00</td>
<td>$77.7K</td>
<td>1.8K</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>TGT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$2.43</td>
<td>$2.4</td>
<td>$2.43</td>
<td>$165.00</td>
<td>$67.3K</td>
<td>4.7K</td>
<td style="text-align: right;">595</td>
</tr>
<tr>
<td>TGT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$16.65</td>
<td>$16.35</td>
<td>$16.35</td>
<td>$155.00</td>
<td>$52.3K</td>
<td>84</td>
<td style="text-align: right;">37</td>
</tr>
</tbody>
</table>

<h3>About Target</h3>
Target serves as the nation's seventh-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices. Target's upscale and stylish image began to carry national merit in the 1990s—a decade in which the brand saw its top line grow threefold to almost $30 billion—and has since cemented itself as a leading US retailer.Today, Target operates over 1,950 stores in the United States, generates over $100 billion in sales, and fulfills over 2 billion customer orders annually. The firm's vast physical footprint is typically concentrated in urban and suburban markets as the firm seeks to attract a more affluent consumer base.
In light of the recent options history for Target, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of Target</h3>
<ul>
<li>With a volume of 1,255,058, the price of TGT is up 0.47% at $155.47. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 58 days.</li>
</ul>
<h3>Professional Analyst Ratings for Target</h3>
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $180.66666666666666.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for Target, targeting a price of $167. 
&#x2A; An analyst from Telsey Advisory Group persists with their Outperform rating on Target, maintaining a target price of $195. 
&#x2A; Reflecting concerns, an analyst from Melius Research lowers its rating to Buy with a new price target of $180.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Target, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Smart Money Is Betting Big In TGT Options

Melius Research analyst Karen Short initiates coverage on Target (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) with a Buy rating and announces Price Target of $180.

Initiation

Melius Research Initiates Coverage On Target with Buy Rating, Announces Price Target of $180

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/09/19/final-trades-target-home-depot-and-the-ijr.html">Halftime Report Final Trades</a>,&#8221; Stephanie Link of Hightower named Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) as her final trade.
On Thursday, Target tapped PepsiCo, Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) Jim Lee as its CFO and a member of its leadership team, effective Sept. 22. Lee brings over 25 years of experience in finance, strategy and more at PepsiCo. 
Lee will take over from COO Michael Fiddelke. Lee has served on multiple boards during his PepsiCo career, including Tropicana Brands Group and Celsius Holdings.
Kevin Simpson of Capital Wealth Planning said The Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) would be a tremendous beneficiary of lower interest rates. The company has a dividend yield of 2.3%, he added.
Home Depot recently agreed to a settlement of almost $2 million to resolve allegations that it overcharged customers at checkout. The lawsuit, filed by prosecutors from six California counties, accused the retailer of "scanner violations," where the prices at checkout were higher than the advertised prices. The case was brought to the San Diego County Superior Court, reported NBC News.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Jim Lebenthal of Cerity Partners picked iShares Core S&amp;P Small-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJR#NYSE">IJR</a>) as his final trade.
Price Action:
<ul>
<li>Target gained 1.9% to close at $156.49 during Thursday's session.</li>
<li>Home Depot shares gained 1.7% to settle at $390.34 on Thursday.</li>
<li>iShares Core S&amp;P Small-Cap ETF gained 2% during Thursday's session.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/09/40948972/coinbase-global-electronic-arts-and-2-other-stocks-executives-are-selling">Coinbase Global, Electronic Arts And 2 Other Stocks Executives Are Selling</a></li>
</ul>
Image: Shutterstock

Long Ideas

Target, Home Depot And More On CNBC's 'Final Trades'

Telsey Advisory Group analyst Joseph Feldman maintains Target (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) with a Outperform and maintains $195 price target.

Telsey Advisory Group Maintains Outperform on Target, Maintains $195 Price Target

CNBC Halftime Report Final Trades: Target, The Home Depot, iShares Core S&P Small-Cap ETF

Discount retailer Target Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) tapped PepsiCo, Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) Jim Lee as its CFO and a member of its leadership team, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n40934763/target-names-jim-lee-chief-financial-officer" rel="noreferrer noopener">effective&nbsp;September 22</a>.
Lee brings over 25 years of experience in finance, strategy and more at PepsiCo. Lee will take over from COO Michael Fiddelke. Lee has served on multiple boards during his PepsiCo career, including Tropicana Brands Group and Celsius Holdings.
In connection with his appointment, Lee will receive an annual base salary of $850,000, will be eligible for a pro-rated annual cash incentive under Target's Short-Term Incentive Plan.
Specifically, Lee will receive a cash <a target="_blank" href="https://www.sec.gov/ix?doc=/Archives/edgar/data/27419/000002741924000160/tgt-20240919.htm" rel="noreferrer noopener">sign-on bonus</a> of $2.2 million, which is subject to repayment in the event of voluntary termination or termination for cause within the first 36 months of employment, and will be granted a sign-on award of restricted stock units under 2020 Long-Term Incentive Plan with a target payout value of $6.95 million.
Target Chair and CEO Brian Cornell: &#8220;From his consumer centric leadership, to his strategy, business development and corporate governance experience, Jim will be a great addition to our leadership team as we focus on driving Target&#8217;s roadmap for growth.&#8221;&nbsp;
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40738760/dollar-stores-struggle-when-walmart-performs-well-report" rel="noreferrer noopener">Dollar Stores Struggle When Walmart Performs Well: Report</a>
The CFO transition coincides with the upcoming holiday season. The Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) rival wants to hire 100,000 seasonal workers despite a <a href="https://www.benzinga.com/news/24/09/40878577/target-set-to-recruit-100k-seasonal-employees-despite-anticipated-slow-holiday-sales" target="_blank" rel="noreferrer noopener">slower holiday season</a> expectation as the inflation bites. However, the recent upward revision of the 2024 adjusted EPS outlook to $9.00-$9.70, up from $8.60-$9.60 following an upbeat second-quarter print, backs the hiring decision.
Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) boosted the fulfillment and transportation employee and delivery driver pay for uninterrupted service <a target="_blank" href="https://www.benzinga.com/news/24/09/40927136/amazon-boosts-worker-pay-to-over-29hour-invests-2-2b-as-holiday-kicks-in" rel="noreferrer noopener">ahead of the busy season</a>. Walmart also raised compensation for 100,000 frontline associates.
The U.S. Federal Reserve&#8217;s plans to reduce the benchmark interest rate by 50 bps will likely pose a <a target="_blank" href="https://in.benzinga.com/markets/equities/24/09/40932103/it-stocks-on-the-rise-after-u-s-fed-cuts-interest-rate" rel="noreferrer noopener">tailwind for the retailers</a>.
Price Action: TGT stock is up 1.50% to $155.90 premarket at last check Thursday.
Photo via Shutterstock
Also Read:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40735749/whats-going-on-with-target-corporation-shares-today" target="_blank" rel="noreferrer noopener">Target Launches Hands-Free Drive Up Service Through Apple CarPlay, Pioneering New Shopping Experience</a></li>
</ul>

Target Hires PepsiCo Veteran Jim Lee As Finance Chief

He Succeeds Michael Fiddelke, Target&#39;s Chief Operating Officer. &nbsp;

Target Names Jim Lee As CFO And A Member Of Its Leadership Team Effective Sept. 22

Thursday, Amazon.com, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) shared plans to boost the average total compensation for fulfillment and transportation employees in the U.S. to over $29 per hour ahead of the <a target="_blank" href="https://www.aboutamazon.com/news/workplace/amazon-wage-increase-new-benefits-for-hourly-us-employees" rel="noreferrer noopener">Prime Big Deal Days</a>.
The hike marks an average increase of $3,000 annually for full-time employees who work a 40-hour week as the big holiday season kicks in. The appraisal equals a total investment of over $2.2 billion.
Last week, Amazon raised <a target="_blank" href="https://www.benzinga.com/news/24/09/40852345/amazon-to-raise-driver-wages-amid-unionization-pressure-and-nlrb-ruling" rel="noreferrer noopener">delivery driver pay</a> to $22 per hour and invested $2 billion following regulatory scrutiny and unionization efforts. The e-commerce retailer had drawn intense regulatory scrutiny over worker safety and pay at its warehouses.
In 2023, Amazon&#8217;s <a target="_blank" href="https://www.benzinga.com/markets/equities/23/11/35983681/amazon-shatters-records-with-over-1b-items-sold-during-holiday-shopping-event" rel="noreferrer noopener">U.S. sales reached</a> $12.4 billion on Cyber Monday, marking a 9.6% annual growth and quashing the estimate of $12 billion. The total online sales for Cyber Week reached $38 billion, surpassing the $37.2 billion estimate.
<a target="_blank" href="https://www.benzinga.com/news/22/10/29167721/amazon-to-hire-150-000-workers-for-holiday-season-in-line-with-2021" rel="noreferrer noopener">Reports indicated Amazon</a> hired 150,000 full-time, seasonal, and part-time workers&nbsp;for the holiday season in 2022 and 2021. It employed over 110,000 seasonal workers in India ahead of the festive season, the Times of India <a target="_blank" href="https://economictimes.indiatimes.com/jobs/hr-policies-trends/amazon-india-creates-over-one-lakh-seasonal-jobs-ahead-of-festive-season/articleshow/113295443.cms?from=mdr" rel="noreferrer noopener">reports</a>.
Earlier this week, Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) Sam&#8217;s Club shared plans to <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40906505/walmart-division-sams-club-raises-wages-for-hourly-associates-a-strategic-move-to-stay-ahead-in-" rel="noreferrer noopener">raise the pay</a> for almost 100,000 frontline associates to over $19 per hour with the potential to earn thousands of dollars annually in bonuses based on years of service.
The retailers&#8217; pay boosts reflect the workers&#8217; importance in tapping the busy holiday season demand. Target Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) is looking to hire 100,000 despite a weaker forecast for <a target="_blank" href="https://www.benzinga.com/news/24/09/40878577/target-set-to-recruit-100k-seasonal-employees-despite-anticipated-slow-holiday-sales" rel="noreferrer noopener">holiday season sales</a>.
Price Action: AMZN stock is up 0.03% to $186.93 at the last check on Wednesday.
Photo courtesy of Amazon

Amazon Boosts Worker Pay to Over $29/Hour, Invests $2.2B As Holiday Kicks In

High-rolling investors have positioned themselves bullish on Target (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in TGT often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 10 options trades for Target. This is not a typical pattern.
The sentiment among these major traders is split, with 60% bullish and 30% bearish. Among all the options we identified, there was one put, amounting to $56,700, and 9 calls, totaling $401,714.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $135.0 and $220.0 for Target, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Target's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Target's whale trades within a strike price range from $135.0 to $220.0 in the last 30 days. 
<h3>Target Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726682780_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TGT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$4.6</td>
<td>$4.45</td>
<td>$4.6</td>
<td>$150.00</td>
<td>$99.3K</td>
<td>3.6K</td>
<td style="text-align: right;">289</td>
</tr>
<tr>
<td>TGT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$7.1</td>
<td>$6.95</td>
<td>$7.0</td>
<td>$150.00</td>
<td>$56.7K</td>
<td>3.3K</td>
<td style="text-align: right;">119</td>
</tr>
<tr>
<td>TGT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$2.6</td>
<td>$2.56</td>
<td>$2.6</td>
<td>$152.50</td>
<td>$52.1K</td>
<td>1.3K</td>
<td style="text-align: right;">352</td>
</tr>
<tr>
<td>TGT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$0.86</td>
<td>$0.82</td>
<td>$0.86</td>
<td>$165.00</td>
<td>$50.3K</td>
<td>5.5K</td>
<td style="text-align: right;">599</td>
</tr>
<tr>
<td>TGT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$16.0</td>
<td>$15.15</td>
<td>$16.0</td>
<td>$145.00</td>
<td>$48.0K</td>
<td>1.9K</td>
<td style="text-align: right;">30</td>
</tr>
</tbody>
</table>

<h3>About Target</h3>
Target serves as the nation's seventh-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices. Target's upscale and stylish image began to carry national merit in the 1990s—a decade in which the brand saw its top line grow threefold to almost $30 billion—and has since cemented itself as a leading US retailer.Today, Target operates over 1,950 stores in the United States, generates over $100 billion in sales, and fulfills over 2 billion customer orders annually. The firm's vast physical footprint is typically concentrated in urban and suburban markets as the firm seeks to attract a more affluent consumer base.
After a thorough review of the options trading surrounding Target, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Target</h3>
<ul>
<li>With a volume of 944,956, the price of TGT is up 0.76% at $153.12. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 56 days.</li>
</ul>
<h3>What The Experts Say On Target</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $176.4.
<ul>
<li>Maintaining their stance, an analyst from Evercore ISI Group continues to hold a In-Line rating for Target, targeting a price of $160. </li>
<li>An analyst from Telsey Advisory Group persists with their Outperform rating on Target, maintaining a target price of $190. </li>
<li>Maintaining their stance, an analyst from Roth MKM continues to hold a Neutral rating for Target, targeting a price of $157. </li>
<li>Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Target with a target price of $195. </li>
<li>An analyst from Morgan Stanley persists with their Overweight rating on Target, maintaining a target price of $180. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Target with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Target Unusual Options Activity For September 18

A possible strike by thousands of dockworkers at <a href="https://www.benzinga.com/government/24/09/40713418/retailers-plea-for-deal-us-ports-union-start-two-day-talk-in-effort-to-prevent-disruptive-strike">East and Gulf coast ports</a> in October could result in major disruptions in the supply chain of goods coming in and out of the U.S., according to an export on container trade.
The International Longshoremen's Association (ILA), representing more than 85,000 dockworkers, may go on strike on Oct. 1 as the union&#8217;s contract expires on Sept. 30 and negotiations between the ILA and U.S. Maritime Alliance of terminal operators show signs of breaking down, said Christian Roeloffs, CEO of online container leasing platform Container xChange.
&#8220;A strike now appears increasingly likely, threatening to disrupt nearly half of the nation&#8217;s ocean trade,&#8221; he said on Tuesday.
&#8220;The uncertainty is compounded by the fact that the duration of these strikes is unclear — it could be resolved within weeks or drag on for months, as seen with the West Coast strike last year.
&#8220;September is traditionally one of the busiest months for U.S. containerized imports, driven by the peak shipping season as businesses prepare for the holiday rush.&#8221;
Read Also: <a href="https://www.benzinga.com/news/global/24/08/40451543/transatlantic-container-shipping-volumes-rise-as-possible-strike-at-u-s-ports-hovers">Transatlantic Container Shipping Volumes Rise As Possible Strike At U.S. Ports Hovers</a>
But it isn&#8217;t just a strike that threatens to disrupt the shipment of goods for the retail, automotive and other sectors, he said.
&#8220;This year presents an unprecedented combination of challenges that could heavily impact supply chains. Potential labor strikes, natural disasters, and tariff uncertainties are converging, creating a highly volatile environment for global trade,&#8221; he said. 
&#8220;This also led to the pulling forward of orders by retailers, which led to strong inventories in the U.S.&#8221;
A strike could also cause havoc for container leasing and trading companies by causing major delays, port congestion and rerouted cargo, Roeloffs said.
"Companies should anticipate short-term spikes in demand for leased containers as retailers rush to secure goods ahead of potential disruptions, particularly for seasonal inventory and industrial shipments," he said.
&#8220;While the threat of strikes looms large, it's important to note that U.S. inventories are currently strong due to the pulling forward of orders earlier this year to avoid existing disruptions. 
The retail, automotive and semiconductor industries, all of which could be impacted by a port strike, saw gains and losses into Tuesday&#8217;s mid-day trading.
<h1 class="wp-block-heading">Retail</h1>
<ul>
<li>Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) fell 1.18% to $79.61</li>
<li>Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) slipped 0.26% to $152.45</li>
<li>Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) gained 0.89% to $385.42</li>
</ul>
<h1 class="wp-block-heading">Automotive</h1>
<ul>
<li>Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) gained 1.30% to $10.94</li>
<li>General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) picked up 1.59% to $47.62</li>
<li>Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) slipped 0.18% to $15.16</li>
</ul>
<h1 class="wp-block-heading">Semiconductor</h1>
<ul>
<li>Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) fell 0.43% to $168.35</li>
<li>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) declined 0.87% to $162.59</li>
<li>Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) rose 1.13% to $68.50</li>
</ul>
<h1 class="wp-block-heading">Indexes that follow the retail and automotive sectors trended upward</h1>
<ul>
<li>Dow Jones Transportation Average, which is tracked by the iShares Transportation Average ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>), rose 1.2% to 16,032.91 points</li>
<li>S&amp;P Retail Select Industry Index, which is tracked by the SPDR S&amp;P Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XRT#NYSE">XRT</a>), gained 1.4% to 10,375.45 points</li>
<li>S&amp;P 500 Automobiles &amp; Components Index&nbsp;rose 2.7% to 130.02 points. There is no exchanmge-traded fund that closely follows this index, but First Trust S-Network Future Vehicles &amp; Tech ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARZ#NASDAQ">CARZ</a>) provides broad exposure to global automobile manufacturers and related companies, including those in the S&amp;P 500 Automobiles &amp; Components Index.</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/news/global/24/08/40497103/strikes-at-us-ports-canadas-railways-may-cause-container-freight-rate-volatility">Strikes At US Ports, Canada&#8217;s Railways May Cause Container Freight Rate Volatility</a></li>
</ul>
Photo: Shutterstock

ETFs

AVGO

CARZ

iShares Dow Jones Transportation Average Index Fund

QCOM

STLA

US Port Strike In October Could Lead To Major Supply-Chain Disruptions, Says Container Trade Expert

In the face of a predicted slowdown in retail sales growth this holiday season, Target Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) has announced its intention to recruit approximately 100,000 seasonal employees.
What Happened: Target&#8217;s hiring strategy is consistent with its approach over the last three years. This decision is made as the retail sector prepares for the slowest holiday sales growth in 6 years, according to Deloitte data, Reuters reported on Monday.
The seasonal staff will be assigned to Target&#8217;s stores and supply chain facilities, with the majority being stationed in stores. This follows Bath &amp; Body Works (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>) announcement last week to hire 30,000 seasonal employees, mirroring its 2023 figures.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40847331/gary-gensler-led-sec-directs-crypto-firm-to-halt-trading-for-all-coins-but-bitcoin-ethereu?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Gary Gensler-Led SEC Directs Crypto Firm To Halt Trading For All Coins But Bitcoin, Ethereum, And Bitcoin Cash — What Does It Mean?</a>
With inflation worries looming, consumers are likely to be more cautious during the crucial shopping season. Target aims to attract value-conscious shoppers by offering more affordable holiday items, including over half of holiday toys priced under $20 and thousands of stocking stuffers under $5. Earlier this year, Target reduced prices on over 5,000 popular items, leading to a raised full-year profit forecast after reporting positive quarterly comparable sales. The company also announced the commencement of its deals week program, Target Circle, from Oct. 6.
Why It Matters: Target has been on an upward trajectory <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40514323/targets-q2-beat-fuels-analyst-optimism-with-strong-outlook-strategic-initiatives">since last November,</a> rallying nearly 77% from its October low. The company&#8217;s strong second-quarter financial results and raised outlook have fueled analyst optimism. Target has increased its full-year 2024 adjusted EPS outlook to a range of $9.00 to $9.70, up from the previous range of $8.60 to $9.60.
CNBC's "Mad Money" host Jim Cramer declared that Target is <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40576938/jim-cramer-declares-target-is-back-as-strong-earnings-report-from-retail-giant-assu">back on track </a>after a period of struggle, following an earnings report that surpassed market expectations. This positive outlook could play a crucial role in Target&#8217;s performance during the holiday season.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40828224/jpmorgan-ceo-jamie-dimon-said-hed-fire-in-a-second-anyone-caught-trading-bitcoin-when-it-w?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">JPMorgan CEO Jamie Dimon Said He&#8217;d &#8216;Fire In A Second&#8217; Anyone Caught Trading Bitcoin When It Was At $4,000. 7 Years Later, The Investment Bank Holds Positions In Spot ETFs Tracking The Apex Crypto</a></li>
</ul>
Image via Wikimedia Commons/ Mjs92984
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

General

BBWI

Target Set To Recruit 100K Seasonal Employees Despite Anticipated Slow Holiday Sales

Fund manager Matthew Tuttle made waves in the ETF space for his unique funds that offer ways for investors to get leveraged exposure or <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36500461/exclusive-the-man-who-shorts-cathie-wood-and-jim-cramer-filed-for-new-bitcoin-etfs-why-lev">bet against well-known financial figures</a> like Jim Cramer and Cathie Wood.
Tuttle is back with a new fund that gives investors a way to invest in companies that are not meeting ESG (environmental, social, and governance) requirements.
What Happened: Tuttle Capital Management launched the ETF Opportunities Trust Tuttle Capital Shareholders First Index ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ESGX#BATS">ESGX</a>), a new ETF that gives investors<a href="https://www.benzinga.com/markets/esg/23/09/34288808/want-to-bet-against-woke-companies-theres-an-etf-for-that"> a way to invest </a>in companies that "focus on profits, not politics or trendy activisms of the moment."
"ESGX allows investors to choose a portfolio of companies that follow the comment sense notion that companies that focus on profits are better for investors than companies that don't," a press release for the fund reads.
The ETF follows the AJN Shareholders First Index, which tracks a portfolio of U.S. companies that meet the requirement of focusing on profits and ignoring politics and "trendy activisms of the moment."
"Too many companies today put ESG and DEI politics first and their shareholders' profits last," Tuttle Capital CEO Matthew Tuttle said. "ESG has become a way for liberal executives and large investors to enact social changes that they can't pass at the ballot box."
Tuttle said CEOs can be pressured to "cave to the trendy politics of the moment," and often times this is not in the best interest of shareholders.
"That's why we launched ESGX – to put shareholders and profits first."
Tuttle added that investors had limited options of ways to invest in companies that put profits ahead of politics before the ETF launched.
As of Sept. 9, the following were the top <a href="http://ShareholdersFirstETF.com">holdings </a>in the ESGX ETF:
<ul>
<li>MarketAxess Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKTX#NASDAQ">MKTX</a>): 2.3% of assets</li>
<li>Evergy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVRG#NASDAQ">EVRG</a>): 2.2% of assets</li>
<li>J.B. Hunt Transport Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>): 2.1% of assets</li>
<li>MDU Resources Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDU#NYSE">MDU</a>): 2.1% of assets</li>
<li>RLI Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>): 2.1% of assets</li>
</ul>
The ETF launch comes after companies like Anheuser-Busch InBev (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUD#NYSE">BUD</a>), Planet Fitness (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLNT#NYSE">PLNT</a>), Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) and others have been <a href="https://www.benzinga.com/news/23/06/33083401/mark-cuban-vs-chamath-palihapitiya-billionaires-battle-over-go-woke-go-broke-mantra">accused by consumers</a> and investors of focusing too heavily on ESG and DEI policies and "going woke" instead of worrying about financial growth and returns for shareholders.
Read Also: <a href="https://www.benzinga.com/etfs/specialty-etfs/24/06/39299113/nancy-pelosi-among-best-of-the-best-in-stock-trading-new-congress-trading-etf-coming-from-cre">Nancy Pelosi Among &#8216;Best Of The Best&#8217; In Stock Trading: New Congress Trading ETF Coming From Creator Of Anti-Cathie Wood, Jim Cramer Funds</a>
Self Defense ETF Also Launches: Tuttle Capital also launched the Spinnaker ETF Series Tuttle Capital Self Defense Index ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/GUNZ#BATS">GUNZ</a>) Tuesday.
The fund invests in companies that are engaged in self-defense, with a belief that the United States is becoming less safe.
The ETF invests in companies that manufacture, service, supply and distribute personal and law enforcement defense equipment and protection services. The fund tracks the AJN Self Defense U.S. Equity Index.
"Americans feel less safe and feel there is more crime in the country now than last year. Many Americans are taking self defense into their own hands," Tuttle said.
Tuttle added that shares of gun manufacturers have also risen after the assassination attempt on former President Donald Trump.
"Gun sales have rebounded after nearly three years of continuous decline and firearms manufacturers world wide have seen their stock surge after the terrorist attack on Israel and the Trump assassination attempt."
As of Sept. 9, the following were the top <a href="https://www.gunzetf.com/">holdings </a>in the GUNZ ETF:
<ul>
<li>Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>): 8.9% of assets</li>
<li>Johnson Controls (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>): 6.9% of assets</li>
<li>AXON Enterprise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>): 6.9% of assets</li>
<li>Allegion PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLE#NYSE">ALLE</a>): 6.4% of assets</li>
<li>OSI Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSIS#NASDAQ">OSIS</a>): 6.4% of assets</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/m-a/24/03/37943780/exclusive-trump-media-company-goes-public-financial-experts-say-djt-a-meme-stock-this-is-going-to-be">EXCLUSIVE: Trump Media Company Goes Public, Financial Experts Say DJT A &#8216;Meme Stock&#8217; — &#8216;This Is Going To Be A Way To Bet On Or Against Trump&#8217;</a></li>
</ul>

Specialty ETFs

ALLE

AXON

ETF Opportunities Trust Tuttle Capital Shareholders First Index ETF

ESGX

EVRG

GUNZ

JBHT

MKTX

OSIS

PLNT

PLTR

Fund Manager Who Bet Against Jim Cramer And Cathie Wood Has New Anti-Woke ETF: 'Puts Profits Ahead Of Politics, DEI & ESG'

Starbucks ($SBUX) has faced significant challenges recently, with its stock trading close to is 52-week low four times this year. To revitalize the...

Is Starbucks (NASDAQ:SBUX) Stock a Buy Ahead of Its Path to Recovery?

PepsiCo acquires Siete Foods for $1.2B as it eyes the Mexican-American food category

Watch these stocks as union pushes pick up

Consumer staples with lowest quant rating are worst performers in Q3: DLTR, DG, LW

The retail sector is expanding with innovations in technology, marketing, and rising incomes, coupled with growing demand for both essentials and luxury items, making it a compelling investment opportunity now. Therefore, Target (TGT), Tapestry (TPR), and J.Jill (JILL) are wise portfolio additions, as they are poised for a comeback. Keep reading... The retail industry shows promise this year due to subsiding inflation, which boosts household purchasing power and supports retail demand. Manufacturing has rebounded, highlighting economic strength and further fueling retail growth, with stable demand for consumer staples, household items, and even luxury goods.
Therefore, investors might consider investing in strong retail stocks such as Target Corporation (<a href="https://stocknews.com/stock/TGT/">TGT</a>), Tapestry Inc. (<a href="https://stocknews.com/stock/TPR/">TPR</a>), and J.Jill, Inc. (<a href="https://stocknews.com/stock/JILL/">JILL</a>). Despite recent declines over the past six months, these retail giants are primed for a strong comeback.
As we enter Q4, with holidays approaching, consumers flock to big-box outlets for food, gifts, and online purchases. Businesses respond by offering variety, convenience, and personalized experiences to meet changing demands, driving industry growth. The National Retail Federation forecasts retail sales will rise between <a href="https://nrf.com/media-center/press-releases/nrf-forecasts-retail-sales-reach-least-523-trillion-2024">2.5% and 3.5% in 2024</a>, reaching $5.23 to $5.28 trillion.
Meanwhile, luxury brands are expanding physical stores, reinvesting in flagship locations, and exploring hospitality ventures. High-end malls attract luxury brands with low vacancy rates, offering stable retail environments. Hence, with rising disposable income and consumer demand for unique experiences, the global luxury goods market is projected to grow at a <a href="https://www.grandviewresearch.com/industry-analysis/luxury-goods-market-report">CAGR of 6.8%</a> from 2024 to 2030.
Considering these conducive trends, let's examine the fundamentals of the three retail picks mentioned above.
Target Corporation (<a href="https://stocknews.com/stock/TGT/">TGT</a>)
TGT operates as a general merchandise retailer in the United States. It offers apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as jewellery, accessories, and shoes; beauty and personal care, baby gear, cleaning, paper products, and pet supplies.
On September 9, 2024, TGT announced The Cuddle Collab, its first exclusive pet collection featuring over 180 items inspired by pet influencers. The collection launches on September 21, 2024, with prices starting at $3, and includes accessories, toys, treats, and home décor for pets and their owners.
On June 24, 2024, TGT announced a partnership with Shopify to feature select Shopify merchants on Target Plus, its online marketplace. This collaboration will bring new brands and products to Target Plus and introduce some Shopify items to TGT's stores nationwide.
In terms of the trailing-12-month Return on Common Equity, TGT's 33.97% is 219.5% higher than the 10.63% industry average. Its 12.18% trailing-12-month Return on Total Capital is 75.1% higher than the 6.96% industry average. Likewise, its 1.97x trailing-12-month <a href="https://www.investopedia.com/terms/a/assetturnover.asp">asset turnover ratio</a> is 132.3% higher than the industry average of 0.85x.
For the second quarter, which ended on August 3, 2024, TGT's total revenue rose 2.7% year-over-year to $25.45 billion, and its operating income was $1.63 billion, up 36.6% over the prior-year quarter. The company's net earnings and adjusted EPS stood at $1.19 billion and $2.57, respectively, representing increases of 42.7% and 42.4% year-over-year.
Street expects TGT's EPS and revenue for the quarter ending October 31, 2024, to increase 9.4% and 2.2% year-over-year to $2.30 and $25.96 billion, respectively. It surpassed the consensus EPS estimates in three of the trailing four quarters. Over the past year, the stock has gained 30.2% to close the last trading session at $156.49.
TGT's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its strong fundamentals. It has an overall rating of A, equating to a Strong Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has a B grade for Value, Momentum, and Quality. Within the A-rated <a href="https://stocknews.com/category/grocery-big-box-retailers/">Grocery/Big Box Retailers</a> industry, it is ranked #8 out of 37 stocks. To see TGT's ratings for Growth, Stability, and Sentiment, <a href="https://stocknews.com/stock/TGT/">click here</a>.
Tapestry Inc. (<a href="https://stocknews.com/stock/TPR/">TPR</a>)
TPR provides luxury accessories and branded lifestyle products internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman.
In terms of the trailing-12-month levered FCF margin, TPR's 13.89% is 173.1% higher than the 5.09% industry average. Its 18.83% trailing-12-month EBIT margin is 139.3% higher than the 7.87% industry average. Likewise, its 6.09% trailing-12-month Return on Total Assets is 46.2% higher than the industry average of 4.17%.
During the fourth quarter that ended on June 29, 2024, TPR's net sales came in at $1.59 billion. Its gross profit rose marginally year-over-year to $1.19 billion. The company's net income was reported at $159.30 million, or $0.68 per share. Moreover, as of June 29, 2024, its total assets stood at $13.40 billion, compared to $7.12 billion as of July 1, 2023.
Analysts expect TPR's EPS for the quarter ending September 30, 2024, to increase 2.1% year-over-year to $0.95. Its revenue for the quarter ending March 31, 2025, is expected to rise 1.8% year-over-year to $1.51 billion. It surpassed the consensus EPS estimates in each of the trailing four quarters. TPR's stock has gained 41.7% over the past year to close the last trading session at $42.82.
It's no surprise that TPR has an overall rating of B, which translates to a Buy in our proprietary POWR Ratings system.
It has a B grade for Quality. It is ranked #24 out of 59 stocks in the A-rated <a href="https://stocknews.com/category/fashion-luxury/">Fashion &amp; Luxury</a> industry. Beyond what we stated above, we also have given TPR grades for Growth, Value, Momentum, Stability, and Sentiment. Get all the TPR ratings <a href="https://stocknews.com/stock/TPR/">here</a>.
J.Jill, Inc. (<a href="https://stocknews.com/stock/JILL/">JILL</a>)
JILL is an omnichannel retailer of women's apparel under the J.Jill brand. The company offers casual wear, athletic wear, loungewear, footwear, and accessories, including scarves and jewelry. The company markets its products through retail stores, websites, and catalogs.
In terms of the trailing-12-month net income margin, JILL's 6.72% is 47% higher than the 4.57% industry average. Likewise, its 17.66% trailing-12-month EBITDA margin is 54.8% higher than the 11.41% industry average. Moreover, the stock's 1.52x trailing-12-month asset turnover ratio is 53.7% higher than the 0.99x industry average.
JILL's net sales for the fiscal second quarter that ended on August 3, 2024, were $155.24 million. The company's adjusted income from operations was $24.94 million. Likewise, its adjusted net income and adjusted net income per share stood at $15.83 million and $1.05 per share, up 21% and 20.8% over the prior-year quarter. Additionally, its adjusted EBITDA came in at $30.19 million.
For the quarter ending October 31, 2024, JILL's EPS is expected to increase 2.1% year-over-year to $0.80. Its revenue for the same quarter is expected to grow marginally year-over-year to $151.02 million. JILL surpassed the Street EPS estimates in each of the trailing four quarters. Over the past six months, its stock has gained 3.4% to close the last trading session at $25.56.
JILL's bright prospects are reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
JILL has an A grade for Quality and a B for Value. Within the Fashion &amp; Luxury industry, it is ranked #6. To access JILL's additional ratings for Growth, Momentum, Stability, and Sentiment, <a href="https://stocknews.com/stock/JILL/">click here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>
&nbsp;

<hr />
TGT shares were trading at $154.33 per share on Friday afternoon, down $2.16 (-1.38%). Year-to-date, TGT has gained 11.67%, versus a 20.28% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/tgt-tpr-jill-3-beaten-down-retail-stocks-that-are-ready-for-a-comeback/>3 Beaten-Down Retail Stocks That Are Ready for a Comeback</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Beaten-Down Retail Stocks That Are Ready for a Comeback

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Target (NYSE:<a href="https://investorplace.com/stock-quotes/tgt-stock-quote/">TGT</a>) just reported results for the second quarter of 2024.<ul><li>Target reported earnings per share of $2.57. This was above the analyst estimate for EPS of $2.19.</li><li>The company reported revenue of $25.45 billion.</li><li>This was 0.92% better than the analyst estimate for revenue of $25.22 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div>	The post <a href="https://investorplace.com/earning-results/2024/08/tgt-stock-earnings-target-for-q2-of-2024/">TGT Stock Earnings: Target Beats EPS, Beats Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

TGT Stock Earnings: Target Beats EPS, Beats Revenue for Q2 2024

Wells Fargo's 'Value Equity' stocks: VZ, AZO, KR, and more

5 Relatively Secure And Cheap Dividend Stocks To Invest In -- October 2024

PepsiCo earnings preview: Which levers can be pulled to catch up to Coca-Cola?

AAPL

AMAT

ARCC

ARMK

CELH

CHKP

COST

CTAS

DLTR

FANG

FSTA

GILD

GLPI

GOOG

JILL

KVUE

LRCX

MBGAF

MCHP

MDLZ

MPLX

MSFT

ODFL

PCAR

SBUX

TSLA

ULTA

VLKAF

VOYA

VWAGY

XLRE

Screenshot 2024-08-16 at 5.58.55 PM

Fintech news covering the emerging Financial Technology services sector

Fintech

Treasuries

INTU

PYPL

Evergreen Money Lets People Bank Like Buffet By Moving Checking Account Balances Into Treasuries

Screenshot 2024-05-14 at 5.27.29 PM

EFSH

1847 Holdings On Cusp Of Closing Sale Of 1847 Cabinets, Proceeds To Go To Working Capital, Liabilities And Potential Share Buyback

Screenshot 2024-04-11 at 5.39.24 PM

ICU Eyewear Diversifies Its Manufacturing With The Help Of 1847 Holdings  – Move Expected To Reduce Costs &#34;Significantly&#34;

Press Releases

Target Corporation to Webcast 2nd Quarter Earnings Conference Call on Wednesday, August 21, 2024

Target Corporation Reports Second Quarter Earnings

Target Announces Limited-Edition Collection for Pets and Pet Lovers

Health Care

Hapbee Expands Retail Distribution with Target Stores

Target Brings Holiday Magic with More Savings Across Largest Holiday Assortment Ever

Dividends

Target Corporation Declares Regular Quarterly Dividend

Target Names Jim Lee Chief Financial Officer

Target Circle Week Returns Oct. 6-12 with Seven Days of Deals Up to 50% Off

Target Reveals Top Toys List, Delivering Holiday Magic, Exclusive Finds and New Surprises, with More Than Half the Full Assortment Under $20

HAPBF

TSXV:HAPB

Sendas Distribuidora

BJ's Wholesale Club Holdings, Inc. Common Stock

BJ's Wholesale Club

Costco Wholesale Corporation - Common Stock

Costco Wholesale

Dada Nexus Limited - American Depositary Shares

Dada Nexus

Dollar Gen

Dollar Tree

Almacenes Exito S.A. American Depositary Share, each representing eight (8) Common Shares

Comments

Target

Intérêt court

Target (NYSE:TGT) Stock, Rapport sur les intérêts à découvert

Les gens regardent aussi

Notizie

PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL