Analyzing Target's Recent Market Sentiment

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
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.