Target (TGT) Weak In Early Morning Trading

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Target ( TGT) as a pre-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified Target as such a stock due to the following factors:

  • TGT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $240.7 million.
  • TGT traded 13,480 shares today in the pre-market hours as of 8:00 AM.
  • TGT is down 4.4% today from yesterday's close.

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More details on TGT:

Target Corporation operates general merchandise stores in the United States and Canada. The stock currently has a dividend yield of 3.6%. TGT has a PE ratio of 19.7. Currently there are 5 analysts that rate Target a buy, 4 analysts rate it a sell, and 12 rate it a hold.

The average volume for Target has been 5.1 million shares per day over the past 30 days. Target has a market cap of $36.9 billion and is part of the services sector and retail industry. The stock has a beta of 0.84 and a short float of 4.3% with 8.48 days to cover. Shares are down 7.5% year-to-date as of the close of trading on Monday.

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