Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials. It also provides in-store amenities, such as Target Café, Target Optical, Starbucks, and other food service offerings. The company sells its products through its stores; and digital channels, including Target.com. As of January 30, 2021, the company operated approximately 1,897 stores. Target Corporation was founded in 1902 and is headquartered in Minneapolis, Minnesota.
IPO Year:
Exchange: NYSE
Website: corporate.target.com
Date | Price Target | Rating | Analyst |
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6/3/2024 | $116.00 | Underperform | Exane BNP Paribas |
5/23/2024 | $195.00 → $190.00 | Outperform | Telsey Advisory Group |
5/7/2024 | $180.00 | Neutral → Buy | Citigroup |
4/4/2024 | $200.00 → $220.00 | Buy | Gordon Haskett |
3/6/2024 | $140.00 → $195.00 | Hold → Buy | HSBC Securities |
3/6/2024 | $149.00 → $206.00 | Hold → Buy | Deutsche Bank |
3/6/2024 | $160.00 → $195.00 | Outperform | Telsey Advisory Group |
2/7/2024 | $170.00 | Hold → Buy | Gordon Haskett |
1/16/2024 | $140.00 → $165.00 | Equal-Weight → Overweight | Morgan Stanley |
11/16/2023 | $145.00 → $160.00 | Outperform | Telsey Advisory Group |
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Members of the free-to-join Target Circle program can save early on back-to-school essentials including 30% off select backpacks and kids' school uniforms throughout Target Circle Week, the retailer's biggest sale of the seasonTarget Circle members can access deep savings of up to 50% off select toys, up to 40% off kitchen items and 30% off family apparel, bedding and bathConsumers can join the retailer's new paid subscription, Target Circle 360, for just $49 (reg. $99) if they sign up between July 7-13MINNEAPOLIS, June 25, 2024 /PRNewswire/ -- Target Corporation (NYSE:TGT) today announced that its biggest sale of the season, Target Circle Week, is returning July 7-13, featuring savings on s
MINNEAPOLIS, June 25, 2024 /PRNewswire/ -- Target Corporation (NYSE:TGT) today announced it has named Christina Hennington, currently chief growth officer, as chief strategy and growth officer, and Rick Gomez, currently chief food, essentials and beauty officer, as chief commercial officer, overseeing Target's merchandising business, both effective July 7. Lisa Roath, Target's chief marketing officer, will take on the role of chief merchandising officer of food, essentials and beauty in early 2025. The company is initiating an external search for its next chief marketing officer and, until a successor is named, Roath will remain in full capacity as chief marketing officer.
Partnership will bring growth opportunities for new brands and expand the assortment on Target Plus, the retailer's invite-only, third-party online marketplaceSelect Shopify merchants will feature both online and in Target stores nationwideMINNEAPOLIS, June 24, 2024 /PRNewswire/ -- Target Corporation (NYSE:TGT) today announced a partnership with global commerce platform Shopify to offer a selection of its popular merchants and their products on Target Plus, the retailer's third-party, highly curated digital marketplace. The new partnership with Shopify will expand Target Plus through a hand-selected assortment of new and on-trend products and brands like True Classic, Caden Lane and more, g
Retailer's new GenAI-powered chatbot, Store Companion, is designed to make team members' jobs easier and enhance the shopping experience The tool is scheduled to roll out to hundreds of thousands of team members across Target's nearly 2,000 stores by August Target will continue to test and develop new GenAI applications that accelerate its business, empower its team and support its future growth MINNEAPOLIS, June 20, 2024 /PRNewswire/ -- Target Corporation (NYSE:TGT) today announced plans to roll out a new generative artificial intelligence (GenAI) tool to team members at all of its nearly 2,000 stores by August, becoming the first major retailer to share that it is bringing this technol
MINNEAPOLIS, June 14, 2024 /PRNewswire/ -- Target Corporation (NYSE: TGT) today announced voting results from its 2024 Annual Meeting of Shareholders held on June 12, 2024 ("Annual Meeting"). Shareholders elected all 12 nominees for the board of directors, ratified the appointment of Target's independent registered public accounting firm, approved the advisory "Say on Pay" management proposal, and rejected five shareholder proposals. The Carideo Group, the independent Inspector of Election, has certified all voting results for the Annual Meeting. The final tabulation indicates that 406,377,944 shares were voted, representing approximately 87.8 percent of Target's outstanding shares as of the
MINNEAPOLIS, June 12, 2024 /PRNewswire/ -- The board of directors of Target Corporation (NYSE:TGT) has declared a quarterly dividend of $1.12 per common share, a 1.8% increase from the prior quarterly dividend of $1.10. The dividend is payable Sept. 10, 2024 to shareholders of record at the close of business August 21, 2024. The 3rd quarter dividend will be the company's 228th consecutive dividend paid since October 1967 when the company became publicly held. With the increase announced today, 2024 is on track to be the 53rd consecutive year in which Target has increased its annual dividend. About TargetMinneapolis-based Target Corporation (NYSE:TGT) serves guests at nearly 2,000 stores a
MINNEAPOLIS, May 22, 2024 /PRNewswire/ -- First quarter operating income margin rate of 5.3 percent reflects a 140 basis point improvement in gross margin rate as compared to the prior year.First quarter comparable sales declined 3.7 percent, in line with expectations.Digital comparable sales grew 1.4 percent. Same-day services grew nearly 9 percent, led by more than 13 percent growth in Drive Up.Sales declines, primarily in discretionary categories, were partially offset by continued growth in Beauty.Discretionary sales trends continued to improve vs. prior quarters, led by an improvement of nearly 4 percentage points in apparel as compared to Q4 of 2023.The Company successfully relaunched
MINNEAPOLIS, May 21, 2024 /PRNewswire/ -- WHAT: Target Corporation's (NYSE:TGT) webcast of its first quarter earnings conference call. WHEN: Wednesday, May 22, 2024 - 7:00 a.m. central time HOW: Investors and the media are invited to listen to the call through the company's website at Corporate.Target.com/Investors (click on the link under "Events & Presentations") WHO: Minneapolis-based Target Corporation (NYSE:TGT) serves guests at nearly 2,000 stores and at Target.com, with the purpose of helping all families discover the joy of everyday life. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dollars a week. Additional company information can be
Shoppers will enjoy lower prices on food, beverages and household essentials MINNEAPOLIS, May 20, 2024 /PRNewswire/ -- Target Corporation (NYSE:TGT) announced today it will lower everyday regular prices on approximately 5,000 frequently shopped items across its assortment.1 The retailer has just reduced prices on about 1,500 items, with thousands more price cuts planned to take effect over the course of the summer. Consumers will enjoy savings on everyday items such as milk, meat, bread, soda, fresh fruit and vegetables, snacks, yogurt, peanut butter, coffee, diapers, paper towels, pet food and more. These price reductions will collectively save consumers millions of dollars this summer. Tar
The limited-time collection features nearly 80 exclusive items spanning men's and women's apparel, accessories and sporting goods, starting at $9.99 with most items under $50 MINNEAPOLIS, April 16, 2024 /PRNewswire/ -- Target Corporation (NYSE:TGT) today announced its limited-time pickleball collection in partnership with tennis and lifestyle brand Prince. Pickleball is the fastest-growing sport in the country1, and now Target is adding to the pickleball fun with the Prince for Target collection of nearly 80 apparel, accessories and sporting goods items starting at $9.99 with most items under $50. Whether new to the sport or acing every match, the collection has something for everyone — from
Exane BNP Paribas initiated coverage of Target with a rating of Underperform and set a new price target of $116.00
Telsey Advisory Group reiterated coverage of Target with a rating of Outperform and set a new price target of $190.00 from $195.00 previously
Citigroup upgraded Target from Neutral to Buy and set a new price target of $180.00
Gordon Haskett reiterated coverage of Target with a rating of Buy and set a new price target of $220.00 from $200.00 previously
HSBC Securities upgraded Target from Hold to Buy and set a new price target of $195.00 from $140.00 previously
Deutsche Bank upgraded Target from Hold to Buy and set a new price target of $206.00 from $149.00 previously
Telsey Advisory Group reiterated coverage of Target with a rating of Outperform and set a new price target of $195.00 from $160.00 previously
Gordon Haskett upgraded Target from Hold to Buy and set a new price target of $170.00
Morgan Stanley upgraded Target from Equal-Weight to Overweight and set a new price target of $165.00 from $140.00 previously
Telsey Advisory Group reiterated coverage of Target with a rating of Outperform and set a new price target of $160.00 from $145.00 previously
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Members of the free-to-join Target Circle program can save early on back-to-school essentials including 30% off select backpacks and kids' school uniforms throughout Target Circle Week, the retailer's biggest sale of the seasonTarget Circle members can access deep savings of up to 50% off select toys, up to 40% off kitchen items and 30% off family apparel, bedding and bathConsumers can join the retailer's new paid subscription, Target Circle 360, for just $49 (reg. $99) if they sign up between July 7-13MINNEAPOLIS, June 25, 2024 /PRNewswire/ -- Target Corporation (NYSE:TGT) today announced that its biggest sale of the season, Target Circle Week, is returning July 7-13, featuring savings on s
MINNEAPOLIS, June 25, 2024 /PRNewswire/ -- Target Corporation (NYSE:TGT) today announced it has named Christina Hennington, currently chief growth officer, as chief strategy and growth officer, and Rick Gomez, currently chief food, essentials and beauty officer, as chief commercial officer, overseeing Target's merchandising business, both effective July 7. Lisa Roath, Target's chief marketing officer, will take on the role of chief merchandising officer of food, essentials and beauty in early 2025. The company is initiating an external search for its next chief marketing officer and, until a successor is named, Roath will remain in full capacity as chief marketing officer.
MINNEAPOLIS, June 14, 2024 /PRNewswire/ -- Target Corporation (NYSE: TGT) today announced voting results from its 2024 Annual Meeting of Shareholders held on June 12, 2024 ("Annual Meeting"). Shareholders elected all 12 nominees for the board of directors, ratified the appointment of Target's independent registered public accounting firm, approved the advisory "Say on Pay" management proposal, and rejected five shareholder proposals. The Carideo Group, the independent Inspector of Election, has certified all voting results for the Annual Meeting. The final tabulation indicates that 406,377,944 shares were voted, representing approximately 87.8 percent of Target's outstanding shares as of the
Target Circle Week returns April 7-13 with up to 40% off hundreds of thousands of spring items plus one day-only 10% off Target GiftCards dealTarget Circle Week kicks off the launch of the retailer's new Target Circle program, offering three new membership options to help members save even more during Target Circle Week and beyondActress Kristen Wiig shines as her favorite "Saturday Night Live" character, Target Lady, in a national Target Circle Week advertising campaign MINNEAPOLIS, April 2, 2024 /PRNewswire/ -- Target Corporation today announced Target Circle Week will return April 7-13. The member-favorite event, which is set to deliver two times more savings than the retailer's fall Tar
MINNEAPOLIS, June 15, 2023 /PRNewswire/ -- Target Corporation (NYSE:TGT) today announced voting results from its 2023 Annual Meeting of Shareholders held on June 14, 2023 ("Annual Meeting"). Shareholders elected 12 members of the board of directors, ratified the appointment of Target's independent registered public accounting firm, approved the advisory "Say on Pay" management proposal, approved "1 Year" for the advised frequency of Target's Say on Pay votes, and rejected one shareholder proposal. The Carideo Group, the independent Inspector of Election, has certified all voting results for the Annual Meeting. The final tabulation indicates that 410,847,268 million shares were voted, represe
MINNEAPOLIS, March 14, 2023 (GLOBE NEWSWIRE) -- Tactile Systems Technology, Inc. ("Tactile Medical"; the "Company") (NASDAQ:TCMD), a medical technology company providing therapies for people with chronic disorders, today announced the appointment of Elaine Birkemeyer to the position of Chief Financial Officer, effective March 20, 2023. Ms. Birkemeyer will succeed Brent Moen, who is retiring. "Elaine is a dynamic and purpose-driven leader with over 25 years of experience in finance, accounting, and business strategy, including extensive senior leadership experience at multiple Fortune 500 companies, leading large divisions within the healthcare, consumer and retail industries," said Da
National Storage Affiliates Trust ("NSA" or the "Company") (NYSE:NSA), today announced its Board of Trustees has elevated Tamara Fischer, Chief Executive Officer, to Executive Chair, effective April 1, 2023. Tammy has served as an officer of NSA since its IPO in 2015 and as its CEO and member of the Board of Trustees of NSA since 2020. As part of this planned transition of responsibilities, effective April 1, 2023, David Cramer will be appointed Chief Executive Officer, in addition to his current role as President. Arlen Nordhagen will remain on the Board and will transition to Vice Chair, from his current role as Executive Chairman. Dave Cramer joined NSA in April 2020, and currently ser
MINNEAPOLIS, June 14, 2022 /PRNewswire/ -- Target Corporation (NYSE:TGT) today announced voting results from its 2022 Annual Meeting of Shareholders held on June 8, 2022. Shareholders elected 12 members of the board of directors, ratified the appointment of Target's independent registered public accounting firm, approved the "Say on Pay" management proposal, and rejected two shareholder proposals. The Carideo Group, the independent Inspector of Election, has certified all voting results for the Annual Meeting. The final tabulation indicates that 400,324,619 million shares were voted, representing approximately 86.3 percent of Target's outstanding shares. The final tabulation of votes for eac
MINNEAPOLIS, May 5, 2022 /PRNewswire/ -- Target Corporation (NYSE:TGT) today announced a number of updates to its leadership team. This includes a new role for the company, focused on further differentiating the retailer's end-to-end guest experience. "Guided by our purpose of helping all families discover the joy of everyday life and fueled by the most talented, committed team in retail, Target has experienced tremendous growth over the past two years," said Brian Cornell, chairman and CEO, Target. "The updates we're making to our leadership team reflect the size and scale of our more than $100 billion business, while also positioning the company for continued momentum well into the future.
MINNEAPOLIS, Aug. 11, 2021 /PRNewswire/ -- Target Corporation (NYSE:TGT) announced today its board of directors elected David P. Abney, former chairman of the board and chief executive officer of United Parcel Service, Inc., and Gail K. Boudreaux, president and chief executive officer of Anthem, Inc., as directors. Mr. Abney's appointment is effective immediately and Ms. Boudreaux's appointment becomes effective September 23, 2021. Mr. Abney, 65, held a series of escalating leadership roles at UPS over his more than 40-year career. He was named CEO in September 2014 and chairman and CEO in February 2016, a role he held until announcing his retirement in June 2020. He remained executive chair
MINNEAPOLIS, June 12, 2024 /PRNewswire/ -- The board of directors of Target Corporation (NYSE:TGT) has declared a quarterly dividend of $1.12 per common share, a 1.8% increase from the prior quarterly dividend of $1.10. The dividend is payable Sept. 10, 2024 to shareholders of record at the close of business August 21, 2024. The 3rd quarter dividend will be the company's 228th consecutive dividend paid since October 1967 when the company became publicly held. With the increase announced today, 2024 is on track to be the 53rd consecutive year in which Target has increased its annual dividend. About TargetMinneapolis-based Target Corporation (NYSE:TGT) serves guests at nearly 2,000 stores a
MINNEAPOLIS, May 22, 2024 /PRNewswire/ -- First quarter operating income margin rate of 5.3 percent reflects a 140 basis point improvement in gross margin rate as compared to the prior year.First quarter comparable sales declined 3.7 percent, in line with expectations.Digital comparable sales grew 1.4 percent. Same-day services grew nearly 9 percent, led by more than 13 percent growth in Drive Up.Sales declines, primarily in discretionary categories, were partially offset by continued growth in Beauty.Discretionary sales trends continued to improve vs. prior quarters, led by an improvement of nearly 4 percentage points in apparel as compared to Q4 of 2023.The Company successfully relaunched
MINNEAPOLIS, May 21, 2024 /PRNewswire/ -- WHAT: Target Corporation's (NYSE:TGT) webcast of its first quarter earnings conference call. WHEN: Wednesday, May 22, 2024 - 7:00 a.m. central time HOW: Investors and the media are invited to listen to the call through the company's website at Corporate.Target.com/Investors (click on the link under "Events & Presentations") WHO: Minneapolis-based Target Corporation (NYSE:TGT) serves guests at nearly 2,000 stores and at Target.com, with the purpose of helping all families discover the joy of everyday life. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dollars a week. Additional company information can be
MINNEAPOLIS, March 13, 2024 /PRNewswire/ -- The board of directors of Target Corporation (NYSE:TGT) has declared a quarterly dividend of $1.10 per common share. The dividend is payable June 10, 2024 to shareholders of record at the close of business May 15, 2024. The 2nd quarter dividend will be the company's 227th consecutive dividend paid since October 1967 when the company became publicly held. About TargetMinneapolis-based Target Corporation (NYSE:TGT) serves guests at nearly 2,000 stores and at Target.com, with the purpose of helping all families discover the joy of everyday life. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dollars a we
MINNEAPOLIS, March 5, 2024 /PRNewswire/ -- Q4 2023 Highlights Comparable sales and traffic trends improved sequentially for the second quarter in a row.Same-day services (in-store pickup, Drive Up, and Shipt), which represent more than 10 percent of total sales, increased 13.6 percent in the quarter, led by growth in Drive Up.GAAP and Adjusted EPS1 of $2.98 was 57.6 percent higher than last year, and well-above the high end of the expected range of $1.90 to $2.60.Full-Year 2023 Highlights Full-year GAAP and Adjusted EPS of $8.94 were both nearly 50 percent higher than in 2022.The Company's operating income margin rate of 5.3 percent was nearly two percentage points higher than last year
MINNEAPOLIS, Jan. 17, 2024 /PRNewswire/ -- The board of directors of Target Corporation (NYSE:TGT) has declared a quarterly dividend of $1.10 per common share. The dividend is payable March 10, 2024 to shareholders of record at the close of business February 21, 2024. The 1st quarter dividend will be the company's 226th consecutive dividend paid since October 1967 when the company became publicly held. About TargetMinneapolis-based Target Corporation (NYSE:TGT) serves guests at nearly 2,000 stores and at Target.com, with the purpose of helping all families discover the joy of everyday life. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dollars
MINNEAPOLIS, Nov. 15, 2023 /PRNewswire/ -- The Company's third quarter operating income margin rate of 5.2 percent was 1.3 percentage points higher than last year, driven by a higher gross margin rate.Third quarter GAAP and Adjusted EPS1 of $2.10 was 36 percent higher than a year ago and above the high end of the Company's guidance range, reflecting disciplined inventory and expense management.Through the first three quarters of this year, Target has generated more than $5.3 billion of operating cash flow, compared with approximately $550 million in 2022.Third quarter comparable sales declined 4.9 percent, in line with expectations.Declines in discretionary categories were partially offset b
MINNEAPOLIS, Nov. 14, 2023 /PRNewswire/ -- WHAT: Target Corporation's (NYSE:TGT) webcast of its third quarter earnings conference call. WHEN: Wednesday, November 15, 2023 - 7:00 a.m. central time HOW: Investors and the media are invited to listen to the call through the company's website at Corporate.Target.com/Investors (click on the link under "Events & Presentations") WHO: Minneapolis-based Target Corporation (NYSE:TGT) serves guests at nearly 2,000 stores and at Target.com, with the purpose of helping all families discover the joy of everyday life. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dollars a week. Additional company informati
MINNEAPOLIS, Sept. 20, 2023 /PRNewswire/ -- The board of directors of Target Corporation (NYSE:TGT) has declared a quarterly dividend of $1.10 per common share. The dividend is payable December 10, 2023 to shareholders of record at the close of business November 15, 2023. The 4th quarter dividend will be the company's 225th consecutive dividend paid since October 1967 when the company became publicly held. About TargetMinneapolis-based Target Corporation (NYSE:TGT) serves guests at nearly 2,000 stores and at Target.com, with the purpose of helping all families discover the joy of everyday life. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dolla
MINNEAPOLIS, Aug. 16, 2023 /PRNewswire/ -- The Company's second quarter operating income margin rate of 4.8 percent was more than 3 percentage points higher than last year, driven by a higher gross margin rate.Second quarter GAAP and Adjusted EPS1 of $1.80 was more than 4 times higher than a year ago and above the high end of the Company's guidance range, reflecting a meaningful profit recovery from last year's inventory actions.Second quarter comparable sales declined 5.4 percent.Continued growth in frequency businesses (Essentials & Beauty and Food & Beverage) partially offset declines in discretionary categories.Same-day services grew nearly 4 percent, led by nearly 7 percent growth in Dr
Investors with a lot of money to spend have taken a bearish stance on Target (NYSE:TGT). 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, Benzinga's options scanner spotted 10 uncommon options trades for Target. This isn't normal. The overall sentiment of these big-money traders is split between 40% bullish and 50%, bearish. Out of all of the special options
A U.S. bankruptcy judge has approved Rite Aid Corp’s (OTC:RADCQ) restructuring plan, enabling the pharmacy chain to reduce its debt by $2 billion and transfer control to a group of lenders. Rite Aid filed for Chapter 11 bankruptcy in October 2023, following a fiscal year in which it reported $750 million in losses and $24 billion in revenue. During the bankruptcy process, Rite Aid closed hundreds of stores, sold its pharmacy benefit company Elixir, and negotiated settlements with lenders, including its drug distribution partner McKesson Corp (NYSE:MCK) and other creditors. Also Read: Rite Aid Forges Path To Financial Recovery With Major Settlement: Report. Reuters noted the restr
Tractor Supply Company (NASDAQ:TSCO) eliminated DEI roles and retired its current DEI (Diversity, Equity, and Inclusion) goals while ensuring a respectful environment. The company also withdrew its carbon emission goals to focus on land and water conservation efforts, the company said in a statement. “We have heard from customers that we have disappointed them. We have taken this feedback to heart,” the company said in the statement. Tractor Supply is also planning to further focus on rural American priorities, including ag education, animal welfare, veteran causes, and being a good neighbor, and stop sponsoring nonbusiness activities like pride festivals and voting campaigns. Th
Target Corp. (NYSE:TGT) is reportedly intensifying its efforts to combat shoplifting by lowering the threshold for staff to intervene in thefts. Employees can now act on theft incidents valued at $50 or more, a reduction from the previous $100 limit. This new guideline will be implemented this summer, according to a report from Bloomberg. The adjustment is one of several measures Target is taking to address theft, which has significantly impacted its profit margins in recent quarters. The report added that the company, which operates nearly 2,000 stores across the U.S., expects to stabilize these losses this year. The report cited a Target spokesperson, who stated that the compan
Whales with a lot of money to spend have taken a noticeably bearish stance on Target. Looking at options history for Target (NYSE:TGT) we detected 9 trades. If we consider the specifics of each trade, it is accurate to state that 0% of the investors opened trades with bullish expectations and 77% with bearish. From the overall spotted trades, 6 are puts, for a total amount of $250,417 and 3, calls, for a total amount of $190,822. Predicted Price Range Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $175.0 for Target during the past quarter. Insights into Volume & Open Interest In terms of liquidity and i
Walmart Inc. (NYSE:WMT) and Target Corp. (NYSE:TGT) stocks are trading lower Tuesday after they announced their respective summer sale bonanzas to rival Amazon.Com Inc. (NASDAQ:AMZN). Walmart is launching its largest savings event, “Walmart Deals,” from Monday, July 8, to July 11. Customers can shop thousands of deals on popular items, including electronics, home goods, toys, and travel essentials, perfect for the back-to-school season. Walmart+ members will enjoy early access to the season’s best deals five hours before the event opens to all shoppers. The savings event will be accessible on Walmart’s website and app. Also Read: Amazon Boosts Prime Benefits With Grubhub Partnership
-Bloomberg
Target's (NYSE:TGT) short percent of float has risen 17.12% since its last report. The company recently reported that it has 7.92 million shares sold short, which is 1.71% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.28 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is impo
Shares of retail giant Target Corp (NYSE:TGT) and Shopify Inc (NYSE:SHOP) are trading higher premarket today. Target has announced a partnership with global commerce platform Shopify to feature a selection of popular merchants and their products on Target Plus, its curated digital marketplace. This collaboration aims to expand Target Plus with new, trendy products and brands such as True Classic and Caden Lane, providing consumers with a broader array of affordable and high-quality options. Target will also become the first major retailer to integrate select Shopify merchants’ products into its physical stores in the coming months. The initiative will allow shoppers to discover n