Seeking Alpha

Shares of Target on the move

  • Don't look now but shares of Target (TGT +1.6%) are higher than where they stood before the retailer revealed its widespread security breach of customer account information.
  • There is debate over today's strength in shares. Some are attributing it to year-end window dressing, while others think there is some value to be had with TGT still 14% below its 52-week high. On the fundamentals side, store traffic checks have indicated results for Target should be in-line for Q4.
Comments (12)
  • Window dressing??? Who wants to show this dog in their portfolio for the sake of saying I own it?? More likely value buyers taking advantage of weakness. Stock is up 9.67% total return 1 year
    31 Dec 2013, 11:44 AM Reply Like
  • in my little town the store is starving no bis at all they have 30 ck outs and only run two
    31 Dec 2013, 02:54 PM Reply Like
  • TGT has another screw up as it was reported that approximately 40,000 gift cards purchased at many stores were never activated. More teed off customers.
    31 Dec 2013, 11:44 AM Reply Like
  • I was hoping the drama lasted another week or two so I could pick up more in 2014 at a lower cost. It's not a big move but it's always nice buying a stock at a lower price.
    31 Dec 2013, 11:49 AM Reply Like
  • zzzzzzzz...
    31 Dec 2013, 01:53 PM Reply Like
  • I've been long for over a year now at $62, so while I'm above break even the company is growing the dividend and expanding into Canada. I'm long TGT and will continue to be.
    31 Dec 2013, 11:57 AM Reply Like
  • Target is a upscale WalMart. Once this recession ends people will move back to quality. Wal-Mart understands this and is getting more made in the USA products. I'm long on Target and continue to buy. We need some more bad stories so the price will drop.
    31 Dec 2013, 11:58 AM Reply Like
  • As someone in it for the long haul, If I had more cash, I would buy this dip considering the stock is around 15% off its highs and has aggressive growth plans provide they execute nicely. Dividend bluechip aristocrats like TGT will learn from their mistakes and will go out of their way to do better.
    31 Dec 2013, 11:59 AM Reply Like
  • Too many issues too close in time, I'm waiting for more of a drop after state AG's ask why it took so long to announce the security breach after BF. Also still think Canada is not playing out well for them. Have them on my board, but at 58, of course my crystal ball has been wrong before. Happy New Year to all and best wishes for 2014!
    31 Dec 2013, 12:15 PM Reply Like
  • Good company in a temporary rough patch. Those waiting for an entry point in the mid-$50's (as some SA articles have suggested) are not going to see that price come around again.
    31 Dec 2013, 01:00 PM Reply Like
  • whoever did this attack is going to wish they were dead for having done it. this is by far the most profitable retailer in the world right now "and they have friends in the highest of places."
    31 Dec 2013, 02:54 PM Reply Like
  • I'm a belieber--long
    31 Dec 2013, 03:33 PM Reply Like
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