Why Target Stock Dropped After Earnings Tuesday
Good earnings news wasn't great news for (NYSE: TGT) stock this morning, after the big-box retailer announced a sizable earnings beat Tuesday, then saw its stock sell off.
Analysts forecast Target would earn $2.25 per share on fiscal fourth-quarter sales of $30.4 billion (Target's fiscal year ended Feb. 1, 2025). In fact, Target earned $2.41 per share, and sales exceeded $30.9 billion. Regardless, Target shares were down 5.2% through 10 a.m. ET.
Target noted that its same-store sales grew 1.5% year over year, and that quarterly earnings of $2.41 were "near the high end" of company guidance. But Q4 2023 contained an additional week of data when compared to Q4 2024. As a result, total sales and earnings declined -- because Target had less time to make sales and earn profit.
Source Fool.com
Target Corp. Stock
Our community is currently high on Target Corp. with 34 Buy predictions and 12 Sell predictions.
However, we have a potential of -8.04% for Target Corp. as the target price of 119 € is below the current price of 129.4 €.
