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 ...

CouponFollow Extension

$15
OFF

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

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

$15
OFF

Target Stock Loses $15.8B In Market Capitalization

4 days from now

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 …

pressreader.com

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

$173.13
OFF

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

4 days from now

5 days ago · But Wall Street was keeping the faith on the consumer staples stock. According to S&P Global Market Intelligence, the average analyst target price for TGT stock is $173.13, …

kiplinger.com

$8.60
OFF

Why Target Stock Is Getting Crushed Today | The Motley Fool

4 days from now

5 days ago · A growth angle for income investors. After the big earnings miss, Target reduced full-year guidance to a midpoint of $8.60 per share.That's shy of the $9.35 per share it previously …

fool.com

4%
OFF

Target's Stock Rocked After Triple-miss Earnings Report Amid …

4 days from now

4 days ago · The stock plunged 17.4% in premarket trading, which put it on track to open at a one-year low. It was also headed for the biggest one-day selloff since it plummeted 24.9% on …

morningstar.com

18%
OFF

Target's Stock Is A Stand-out Loser After Disappointing Earnings …

4 days from now

4 days ago · Target's stock was plunging 18% to lead the S&P 500's premarket losers by a wide margin, after the discount retailer's triple-miss Q3 earnings report, and downbeat outlook. The …

marketwatch.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

75%
OFF

Target Earnings Show Loss Of Market Share To Walmart - Axios

4 days from now

5 days ago · Yahoo Finance reported that 75% of the Arkansas company's gains came from households making more than $100,000 per year — who have been Target's typical shoppers. …

axios.com

$144
OFF

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

4 days from now

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

FAQs about Target Stock Loses $15.7B in Market Cap as Weak Discretionary 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 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 stock tumble 20% in premarket trading?

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. ...

Is target losing market share to Walmart?

The company lowered its full-year earnings forecast to $8.30-$8.90 per share from its prior range of $9-$9.70, while issuing a flat comparable sales projection for the fourth quarter. Citi cut its rating to “neutral” from “buy,” warning that Target is losing market share to Walmart (NYSE:WMT) Inc., especially among higher-income shoppers. ...

Is target a buy at $122?

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 return on capital and only slightly lower growth. ...

How much is Target Corporation's quarterly dividend?

MINNEAPOLIS , Sept. 18, 2024 /PRNewswire/ -- The board of directors of Target Corporation (NYSE:TGT) has declared a quarterly dividend of $1.12 per common share. ...