Target Stock Loses $15.7B in Market Cap as Weak Discretionary

The fall cut Target's market capitalization by $15.7 billion, leaving the company's outstanding shares to be valued at a total of $56.2 billion.. Third-quarter profits fell 12.1 percent to $854 ...

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Target Stock Loses $15.7B In Market Cap As Weak Discretionary

4 days from now

The fall cut Target's market capitalization by $15.7 billion, leaving the company's outstanding shares to be valued at a total of $56.2 billion.. Third-quarter profits fell 12.1 percent to $854 ...

msn.com

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

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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

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

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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 …

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Target's Stock Dives After Profit Misses, As Many ... - Morningstar

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May 22, 2024 · Target's report of sales declines comes about a week after Walmart Inc. (WMT) reported revenue growth of 6% and a same-store sales increase of 3.8% for its Walmart U.S. …

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Target Stock Loses $15.8B In Market Capitalization

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4 days ago · Target Stock Loses $15.8B In Market Capitalization The company continued to struggle with discretionary sales and racked up costs to bring goods in ahead of the short-lived …

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Target Earnings: Stock Craters Amid Weak Demand For …

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4 days ago · We plan to lower our $140 fair value estimate for Target TGT by a low-to-mid-single-digit percentage after the retailer’s third-quarter results of 1% top-line growth and $1.85 EPS …

morningstar.com

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

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4 days ago · Target stock dived. ... Shares of Target plunged 21.4% to 121.76 in Tuesday's stock market trading. Target stock made a new 52-week low intraday. ... TJX stock clawed back …

investors.com

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Target Stock: Wake Up To The Real Issues (NYSE:TGT)

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4 days ago · The stock's drop is overdone, with a revised fair value of $144, making Target a Buy at the current price of $122. Target's valuation is attractive compared to Walmart, with similar …

seekingalpha.com

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Target’s Sales Fell For The First Time In 7 Years | CNN Business

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Mar 5, 2024 · Nevertheless, the company exceeded Wall Street’s sales expectations for the holiday season, and Target’s stock surged more than 8% higher Tuesday in premarket trading. …

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The Funds With The Most Exposure To Target Stock | Morningstar

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3 days ago · This was Target’s third-largest one-day loss in its history. Two years ago, when the stock dropped by 24.9% after a worse-than-expected earnings report, its largest weightings …

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FAQs about Target Stock Loses $15.7B in Market Cap as Weak Discretionary Coupon?

Is target losing market share?

"Yes, they are losing market share," said Charles Sizemore, chief investment officer of Sizemore Capital Management, which owns shares in Target. But Sizemore said it was "not accurate to compare" Target's results with those of Walmart, which is the biggest U.S. grocery retailer. ...

Why did target stock drop 20% in premarket trading?

Holding the additional inventory was more expensive than the company expected, eroding earnings. Shares tumbled 20% in premarket trading as investors questioned whether Target was simply losing share to its bigger retail rival and if other retailers would experience similar pain. ...

Why did target cut prices this summer?

To grab more share of the consumer wallet that was going to rivals like Walmart, Target cut prices on 1,500 products and laid out plans to lower prices on 5,000 grocery items this summer including milk, fruit, diapers, pet food and products from its supplier Clorox (CLX.N). ...

Is target stock on track for a sharpest one-day drop since November 2022?

Last down 7.7% at $143.84, the stock was on track for its sharpest one-day drop since November 2022. Last week, Target's larger rival Walmart (WMT.N) reported better-than-expected results and raised its annual outlook as shoppers prioritized food and essentials like toilet paper and detergent. ...

Why did target stock plunge in early trading Wednesday?

(Bloomberg) -- Target Corp. shares plunged in early trading Wednesday after the retailer trimmed its full-year earnings outlook, warning that a flat sales quarter and a buildup in inventory hurt profitability. Most Read from Bloomberg NY Congestion Pricing Survived a Pause. Here’s What Could Kill It ...

Why did target shares tumble 20% in premarket trading?

Target shares tumbled 20% in premarket trading as investors questioned whether Target was simply losing share to its bigger retail rival and if other retailers would experience similar pain. The shares are trading Wednesday without the right to receive a dividend payout. ...