Target's Options: A Look at What the Big Money is Thinking - Target (NYSE:TGT)

Core Insights - High-rolling investors are taking a bearish position on Target (NYSE:TGT), indicating potential privileged information influencing their trades [1] - The sentiment among major traders is mixed, with 35% bullish and 47% bearish, highlighting a significant disparity in market outlook [2] - Major market movers are focusing on a price range between $70.0 and $115.0 for Target over the past three months, suggesting a defined trading band [3] Options Activity - A total of 17 options trades for Target were identified, with one put option valued at $45,400 and 16 call options totaling $1,071,896, indicating a strong interest in bullish positions despite the bearish sentiment [2] - The volume and open interest data for Target's options reveal liquidity and interest levels, particularly within the $70.0 to $115.0 strike price range over the last 30 days [4] Company Overview - Target is one of the largest discount retailers in the U.S., operating nearly 2,000 stores and generating over $106 billion in fiscal 2024 sales [9] - The company's revenue breakdown includes apparel and accessories (16%), beauty and household essentials (30%), food and beverage (23%), hardlines (15%), and home furnishings (16%), with over 97% of sales fulfilled through its physical store base [9] Analyst Ratings - Recent analyst insights suggest an average target price of $110.0 for Target, with one analyst maintaining an In-Line rating at a target price of $95 and another analyst giving a Buy rating with a target price of $125 [11][12] Current Market Status - As of the latest data, Target's stock price is $95.28, reflecting a slight increase of 0.08%, with a trading volume of 3,649,056 [14] - The next earnings report is anticipated in 70 days, which could further influence market sentiment and trading activity [14]