Target (TGT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Target's remarkable holiday sales place it alongside Five Below, Genesco and Abercrombie & Fitch.
Target stock price continued to underperform the retail sector in the past few years as its growth trajectory waned and competition rose. TGT peaked at $245 in 2021 and then crashed by over 45% to the current $133.
The retailer now expects same-store sales growth of 1.5% for stores open at least 13 months in the fourth quarter – above previous expectations that it would stay flat.
Victoria Greene, G Squared Private Wealth CIO, joins CNBC's 'Power Lunch' to share her outlooks on three stocks.
Target's (TGT) holiday sales came in strong but the stock still fell on Thursday. @LikeFolio's Andy Swan notes the stock's "rough time" after investors left Target in exodus since 2021.
Shares of Target (TGT -3.03%) were sliding in Thursday morning trading after the retailer disappointed Wall Street with its updated guidance for fiscal Q4. As of 10:50 a.m.
Joining the growing list of retailers that are updating their guidance for the fourth quarter is Target Corp (NYSE:TGT).
Target (TGT) on Thursday lifted its projection for comparable store sales growth in the fourth quarter on the back of a stronger-than-expected holiday shopping season.
Shares in Target Corp (NYSE:TGT) are set to fall on Thursday after the discount retailer raised its sales outlook but kept things unchanged for profits after what it said was a better-than-expected festive performance. Sales during November and December increased 2.8% versus the prior year and comparable sales by 2.0%, with digital sales up 9%.
Target raised its fourth-quarter sales forecast, as customer traffic across stores and its website rose and deals attracted holiday shoppers. The discounter said Black Friday and Cyber Monday saw record-high sales.
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