Target stock is trading -19.65% below its average target price of $160.25 after marking a 3.0% during today's afternoon session. Analysts are giving the large-cap Department Store company an average rating of buy and target prices ranging from $130.0 to $193.0 per share.
The stock has an average amount of shares sold short at 2.0%, and a short ratio of 2.15. The company's insiders own 0.2% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 81.5% of Target's shares being owned by this investor type.
Institutions Invested in Target
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 10% | 43,825,141 | $5,642,912,208 |
| 2023-06-30 | State Street Corporation | 7% | 34,085,093 | $4,388,786,505 |
| 2023-06-30 | Capital World Investors | 7% | 32,711,606 | $4,211,936,725 |
| 2023-06-30 | Blackrock Inc. | 7% | 32,463,555 | $4,179,997,751 |
| 2023-06-30 | Bank of America Corporation | 2% | 11,449,692 | $1,474,258,959 |
| 2023-06-30 | Wells Fargo & Company | 2% | 9,502,715 | $1,223,566,776 |
| 2023-06-30 | Massachusetts Financial Services Co. | 2% | 9,310,990 | $1,198,880,321 |
| 2023-06-30 | Franklin Resources, Inc. | 2% | 8,973,381 | $1,155,409,886 |
| 2023-06-30 | Geode Capital Management, LLC | 2% | 8,443,280 | $1,087,154,238 |
| 2023-06-30 | Morgan Stanley | 1% | 6,128,784 | $789,140,417 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Target.
