1 Reason I'm Never Selling Target Stock
There may be several compelling reasons to sell (NYSE: TGT) these days. The once-aspirational "cheap chic" department store chain is losing market share to rivals whose retail stocks it once dominated. Net sales are declining for the third consecutive year. Comparable sales at physical stores have declined 4.2% through the first nine months of this fiscal year, with traffic and transaction sizes also taking a step back.
I've been a Target shareholder for many years, and I can counter the obvious knocks on the investment by pointing out how cheap the stock has become. Hope also springs eternal that the new CEO, who steps up in February, has a shot at returning the chain to greatness. However, I have a more self-serving reason for never wanting to sell my Target stock. Every quarter, I receive a dividend check from the retailer, which keeps increasing in size with each passing year.
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Source Fool.com
Target Corp. Stock
Our community is currently high on Target Corp. with 25 Buy predictions and 5 Sell predictions.
As a result the target price of 98 € shows a slightly positive potential of 17.53% compared to the current price of 83.38 € for Target Corp..
