Finance

Dissecting the Insider Trading Patterns of Target Corporation (TGT)

Recent insider trends for Target Corporation (NYSE:TGT) have caught the attention of investors. Insider data is useful because it can reveal what a company’s executives and largest shareholders feel about a stock. In this case, the data has some interesting things to say about how TGT might perform in the future.

Institutions own 88.24% of Target Corporation (TGT)’s shares. The total value of these holdings, in millions, is $35,133. Among active positions in the latest quarter, 473 holders increased their positions by a total of 47.78 million shares, 572 holders decreased the positions by a total of 28.53 million shares, and 112 holders held their positions. This works out to a net increase in ownership of 19.25 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 122 holders initiated new positions by a total of 5.26 million shares and 86 holders exited their positions by a total of 9.24 million shares. This nets out to a decrease of 3.98 million shares and is another bearish sign for TGT.

In the last three months, insiders executed a total of 7 trades. Insider ownership decreased by a total of 20086 shares, which suggests that TGT’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a different story: insiders executed 19 buys and 27 sells, and ownership increased by a net of 94942 shares.



Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. Target Corporation (NYSE:TGT)’s short interest is 47.01 million shares, or 8.66% of the float. This represents an increase of 11% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

Ownership trends and trading patterns can be useful tools for predicting a stock’s performance, but it’s also important to consider the technicals in order to form a more comprehensive view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that TGT is a Weak buy, which implies that TGT is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bearish. Technical indicators (also) suggest that Target Corporation (NYSE:TGT) is undervalued.

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