Shares of Target rose to $168.12 during today's morning trading session. Despite the 11.7% change, the Large-Cap Department Store company still trades 6.72% above its average analyst target price of $157.54. So there may be further downside for the Department Store stock. Target has target prices ranging from $134.0 to $181.0 per share, and its average rating is buy.
The stock has a very low short interest at 1.5%, and a short ratio of 2.03. The company's insiders own 0.19% 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 81.2% of Target's shares being owned by this investor type.
Institutions Invested in Target
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-12-31 | Vanguard Group Inc | 10% | 44,943,336 | $7,555,873,428 |
| 2023-12-31 | State Street Corporation | 8% | 35,979,097 | $6,048,805,611 |
| 2023-12-31 | Blackrock Inc. | 7% | 32,467,059 | $5,458,361,800 |
| 2023-12-31 | Capital World Investors | 6% | 25,385,871 | $4,267,872,508 |
| 2023-12-31 | Massachusetts Financial Services Co. | 2% | 10,163,864 | $1,708,748,766 |
| 2023-12-31 | Franklin Resources, Inc. | 2% | 9,531,846 | $1,602,493,902 |
| 2023-12-31 | Wells Fargo & Company | 2% | 9,326,417 | $1,567,957,180 |
| 2023-12-31 | Geode Capital Management, LLC | 2% | 8,829,241 | $1,484,371,953 |
| 2023-12-31 | FMR, LLC | 2% | 8,400,733 | $1,412,331,190 |
| 2023-12-31 | Bank of America Corporation | 2% | 8,395,164 | $1,411,394,930 |
