Target (TGT) Offering Possible 35.14% Return Over the Next 16 Calendar Days

Target's most recent trend suggests a bearish bias. One trading opportunity on Target is a Bear Call Spread using a strike $190.00 short call and a strike $195.00 long call offers a potential 35.14% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $190.00 by expiration. The full premium credit of $1.30 would be kept by the premium seller. The risk of $3.70 would be incurred if the stock rose above the $195.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Target is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Target is bearish.

The RSI indicator is at 33.4 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Target

Target stock rallies after sales rise more than expected, boosted by traffic and average ticket gains
Tue, 02 Mar 2021 11:41:00 +0000
Shares of Target Corp. rallied 1.8% in premarket trading Tuesday, after the discount retail giant reported fiscal fourth-quarter profit and sales that rose above expectations, boosted by growth in traffic and average ticket and as digital sales more than doubled. Net income for the quarter to Jan. 30 rose to $1.38 billion, or $2.73 a share, from $834 million, or $1.63 a share, in the year-ago period. Excluding nonrecurring items, such as , adjusted earnings per share increased to $2.67 from $1.69, and beat the FactSet consensus of $2.54. Total revenue grew 21.1% to $28.34 billion, above the FactSet consensus of $27.41 billion. Same-store sales increased 20.5% to beat the FactSet consensus of 17.1% growth, as traffic rose 6.5% and average ticket increased 13.1%. Digital same-store sales jumped 118% and accounted for two-thirds of overall same-store sales growth. The company said it did not repurchase any shares during the fourth quarter, but had $4.5 billion available in its buyback program at the end of the quarter. Target did not provide financial guidance, citing uncertainties resulting from the COVID-19 pandemic. Target's stock has tacked on 5.5% over the past three months through Monday, while the SPDR Consumer Discretionary Select Sector ETF has edged up 4.8% and the S&P 500 has gained 6.4%.

Target same-day delivery, store pick-up demand fires up holiday quarter sales
Tue, 02 Mar 2021 11:31:39 +0000
Over the past year, Target and Walmart Inc consistently performed better than Wall Street expected as the deep-pocketed national retail chains amped up their online businesses during the health crisis and swiped market share from smaller rivals who rely more on their physical stores. Still, Target held back on providing sales and earnings forecast for fiscal 2021, citing continued uncertainty over consumer shopping patterns amid the health crisis. The company's comparable sales rose 20.5% in the fourth quarter, comfortably beating analysts' estimates for a 16.4% rise, according to IBES data from Refinitiv.

Target Q4 earnings beat analysts' forecasts across the board, skips 2021 guidance
Tue, 02 Mar 2021 11:30:12 +0000
Target's latest earnings are out. Here's the analysis you need to know.

Target Corporation Reports Fourth Quarter and Full-Year 2020 Earnings
Tue, 02 Mar 2021 11:30:00 +0000
Q4 2020 Highlights

Dow Futures Slip Lower Following Best Day on Wall Street Since June: Target Earnings Impress
Tue, 02 Mar 2021 06:43:00 +0000
Wall Street looks set to take a breather Tuesday following its strongest rally since June, with investors continuing to eye bond markets and inflation data as the economy extends its post-COVID recovery.

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