TGT has experienced a significant decline of about 12% from its April highs, trading around $95, due to political issues, weak Q1 earnings, and a general sell-off in the retail sector. Despite being oversold with an RSI of 32, the options activity suggests defensive hedging rather than heavy shorting, and there are signs of accumulation. Seems like there is potential for an oversold bounce if TGT breaks above $97, possibly going as high as $107. Seems like concerns may be overblown, since the company fundamentals remain stable with consistent revenue.