Target Stock Holds Well in Week

Tarjay Investor — Fri, 02 Jul 2010 22:57:03 +0000

This was not a pretty week on Wall St. With major drops after Chinese growth is called into question, the market looked very anemic. On the whole, the Dow dropped a whopping 4.5%. Target stock, however, held its own. The retailer significantly outpaced the market falling only 1.92%. In terms of news from this terrible week, we heard of the store’s first opening in the New York City borough of Manhattan. In addition, the stock earned a positive outlook from an analyst at Piper Jaffray who reaffirmed the overweight label for the stock, while dropping the target price to $59 because of a more cautious macroeconomic outlook.

Target April Same Store Sales

Tarjay Investor — Sun, 19 Apr 2009 17:42:11 +0000

One analyst is saying the Target stock is on track for same story sales that are flat for April. While this seems like really good news, the store is also being helped by the shift of Easter back into April. As clearance and old stock gets purged from the system, gross margins are improving. General consumer confidence also seems to be picking up as well. Perhaps Target stock is on its way for a turn around.

Target Stock » analyst

Target Stock Holds Well in Week

Target April Same Store Sales