Target stock falls 21% as big discounting effort falls short - NBC …

4 days ago · Target's stock, as a result, fell more than 21% Wednesday. The discouraging results came despite a heavily touted campaign to discount thousands of items , as well as a pushed …

CouponFollow Extension

21%
OFF

Target Stock Falls 21% As Big Discounting Effort Falls Short - NBC …

4 days from now

4 days ago · Target's stock, as a result, fell more than 21% Wednesday. The discouraging results came despite a heavily touted campaign to discount thousands of items , as well as a pushed …

nbcnews.com

20%
OFF

Target Tumbles 20% After Its Sales And Earnings Fall Short. Here's …

4 days from now

4 days ago · Shares of Target plunged $34.27 to $121.78 in Wednesday afternoon trading. The retail chain said its third-quarter sales rose 1.1% to $25.7 billion, while net income dropped …

cbsnews.com

12%
OFF

Target Stock Dives On Earnings Miss After Key Rival Walmart's …

4 days from now

4 days ago · Target earnings fell 12% vs. a year earlier to $1.85 per share, while revenue rose just 1% to $25.67 billion. Analysts had expected the big-box retailer to deliver earnings of …

investors.com

20%
OFF

Target Is The Worst S&P 500 Stock After Earnings. Here's Why

4 days from now

5 days ago · Target (TGT) is the worst S&P 500 stock Wednesday, down more than 20% at last check, after the big-box retailer came up short of top- and bottom-line expectations for its fiscal …

kiplinger.com

3%
OFF

Target Shares Plummet After Disappointing Earnings - Business …

4 days from now

4 days ago · Target shares dropped sharply after its third-quarter earnings missed Wall Street estimates. The retailer cut its full-year financial guidance and reported sales growth of just 0.3%.

businessinsider.com

4%
OFF

After Earnings, Is Target Stock A Buy, A Sell, Or Fairly Valued?

4 days from now

Mar 11, 2024 · We caution investors against taking an overzealous view of the report, due to continued top-line pressure. Target’s 4.4% drop in comparable sales (transactions and tickets …

morningstar.com

7%
OFF

Is Target Stock A Buy After Its Beat-And-Raise Quarter?

4 days from now

Aug 21, 2024 · In the three months ended August 3, Target said its revenue increased 2.7% year-over-year to $25.5 billion, driven by a 2% increase in comparable-store sales. Its earnings per …

kiplinger.com

12%
OFF

Target Stock Spikes To 11-Month High On Earnings Beat

4 days from now

Mar 5, 2024 · TGT stock leapt 12% Tuesday, back at its highest price since April 2023. Target stock is working up the right side of a 57-week cup base with a 181.70 buy point, MarketSurge …

investors.com

2%
OFF

Buy, Hold Or Sell Target Stock: Key Tips Ahead Of Q3 Earnings

4 days from now

5 days ago · Key Takeaways. Target is set to report Q3 earnings on Thursday before the market opens. Zacks Consensus Estimate for Q3 revenues stands at $25.9 billion, a modest 2.2% …

nasdaq.com

$136
OFF

Going Into Earnings, Is Target Stock A Buy, A Sell, Or ... - Morningstar

4 days from now

May 16, 2024 · Fair Value Estimate for Target Stock. With its 2-star rating, we believe Target’s stock is overvalued compared with our long-term fair value estimate of $136 per share.

morningstar.com

FAQs about Target stock falls 21% as big discounting effort falls short - NBC … Coupon?

Why did target stock fall 22%?

CEO Brian Cornell said the retailer faced "unique challenges and cost pressures." Target shares plunged as much as 22% on Wednesday after the retailer posted disappointing third-quarter earnings and lowered its financial guidance for the year. ...

Why did target stock plunge 22%?

Target shares plunged as much as 22% on Wednesday after the retailer posted disappointing third-quarter earnings and lowered its financial guidance for the year. The Minneapolis-based retailer reported adjusted earnings per share of $1.85, down by just about 12% year over year. Analysts had expected earnings per share of about $2.30. ...

Is target (TGT) a good stock to buy?

The stock might present an interesting opportunity to income investors. Investors in Target (TGT 2.81%) may struggle to imagine an earnings report worse than the one released for the third quarter of 2024. The stock fell by 22% in the following trading session as the company released disappointing results. ...

Is target's report a signal that sales are softer than hoped?

Yet, combined with other indicators like slower holiday hiring, it could be a signal that sales for the all-important final calendar quarter could be softer than hoped. Target's report comes a day after rival Walmart reported earnings and revenues that beat expectations. ...

How did target's third quarter results compare to analysts' expectations?

Target's results cruised past analysts' expectations. Wall Street was anticipating revenue of $25.2 billion and earnings of $2.18 per share, according to Yahoo Finance. For the third quarter, Target said it expects a flat to 2% increase in comparable-store sales and earnings per share in the range of $2.10 to $2.40. ...

Why did target stock drop sharply?

Scott Olson/Getty Images Target shares dropped sharply after its third-quarter earnings missed Wall Street estimates. The retailer cut its full-year financial guidance and reported sales growth of just 0.3%. CEO Brian Cornell said the retailer faced "unique challenges and cost pressures." ...