Entering text into the input field will update the search result below

Why did Target stock jump today? Sales growth and profitability impressed

Mar. 01, 2022 3:26 PM ETTarget Corporation (TGT)By: Clark Schultz, SA News Editor1 Comment

Profit Rises 18 Percent At Target Corp

Scott Olson/Getty Images News

Target Corporation (TGT +10.4%) rallied on Tuesday after the retailer topped EPS estimates for a quarter full with questions on how much of an impact inflation and supply chains would have on profitability. The outlook from

Recommended For You

Comments (1)

Have a tip? Submit confidentially to our News team. Found a factual error? Report here.

Frankly it's just an excuse for some snapback from the recent decline. TGT is now (still) somewhat undervalued. It's been slowly transforming while the world has been transfixed with COVID. I think it can be depended on to outperform the market for the next couple of years - but not much more than that. They might bump the dividend again later this year, but who cares about a 2% dividend in a 7% inflationary environment.
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.