Why Is Everybody Talking About Target Stock?
Target (NYSE: TGT) has drawn attention in recent weeks for its critical missteps. The company reeled following a huge earnings miss and has suffered further as its excess-inventory issues come to light.
But despite all of its travails, Target remains a strongly positioned company from a business and financial standpoint, and the current multiple could offer prospective buyers a unique opportunity to add shares.
Admittedly, Target seems like the last retailer investors might want right now. The company overbought inventory due to supply-chain concerns. At the close of its fiscal first quarter 2022 (ended April 30), Target reported $15.1 billion in inventory, well above the $10.5 billion in the year-ago quarter.
Source Fool.com
