Company Of The Day: Target
What?
Target (NYSE:TGT) posted a mixed set of Q3 2022 results amid a tough economic environment and increased discounting. While revenue beat estimates, growing 3.4% year-over-year to $26.25 billion, adjusted earnings came in at a lower-than-expected $1.54 per share.
So What?
- Shifting Targets: Are These Two Stocks A Better Bet Than TGT?
- Why Did Target Stock Jump 10%?
- With The Stock Almost Flat This Year, Will Q2 Results Drive Target’s Stock Higher?
- Is Amazon Stock A Better Retail Pick Over Target?
- Gaining 12% Year To Date, Will Q1 Results Drive Target’s Stock Higher?
- TGT Stock Up 21% YTD, What’s Next?
Target stock fell by over 13% in Wednesday’s trading, as the company also lowered its guidance for Q4, projecting a year-over-year decline in comparable sales.
| Returns | Nov 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| TGT Return | -5% | -33% | 115% |
| S&P 500 Return | 2% | -17% | 77% |
| Trefis Multi-Strategy Portfolio | 4% | -19% | 221% |
[1] Month-to-date and year-to-date as of 11/17/2022
[2] Cumulative total returns since the end of 2016