Target: Appears Fairly Valued Given Headwinds

Jun. 07, 2023 2:41 AM ETTarget Corporation (TGT) StockTGT45 Comments
Orion Investing
108 Followers

Summary

  • Target Corporation's stock is down ~14% over the past month, facing near-term headwinds.
  • Inventory shrink and promotional markdowns have impacted profitability, but gross margins improved slightly in Q1.
  • My valuation approach estimates that TGT currently trades around fair value.
  • Due to the factors above, I rate TGT stock a hold.

Target Reports Large Q3 Earnings Miss As Customer Demand Becomes Uncertain

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Introduction

Target Corporation (NYSE:TGT) is down ~14% over the past month as they continue to face several headwinds in the near term. The company currently offers a 3.26% dividend yield and has paid dividends every quarter since 1967. The

This article was written by

108 Followers
Individual investor focused on Value investing, Fast Growers, Turnarounds, Asset Plays, Small Caps, and more!I hold dual bachelors degrees in Finance and Economics.

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