Target Just Crashed. Is It Time to Buy?
Target (NYSE: TGT) has been the top student in the class of retail over the past few years. The company has grown sales in the double digits -- and at certain points, digital sales rose in the triple digits. It's also progressively grown measures like free cash flow and return on invested capital -- until recently.
Inflation and general economic woes have weighed on Target in recent quarters. And the third quarter showed even more of a slowdown. After the earnings report, Target stock fell 13% in one trading session. Now, the stock is heading for a 30% drop this year.
In spite of today's problems, though, Target offered clues the future may be bright. So, after this crash, is it time to buy?
Source Fool.com
