Kiwi Tigress
11-21 00:21

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@Barcode：$Target(TGT)$ 🔺🅱️🆄🅻🅻🅸🆂🅷 Longer term ~ love this❣️ Kia ora Tiger traders! 🎯🎄 Targeting a Bullseye or Holiday Hustle?🎄🎯 Let’s talk Target Corporation ($TGT) – a beloved retail giant that’s been through some wild market terrain lately! Post-earnings drama? Oh yes! Misses across the board, yet this titan still holds long-term promise. Buckle up, Tigers; here’s the scoop! Citi downgrades Target to Neutral from Buy - PT $130 (from $188) Target's Q3 results were notably weak, suggesting market share loss to Walmart, especially among higher-income shoppers, according to Citi. This might push Target to increase promotions to boost sales, making FY25 outlook uncertain. Despite the stock price dropping 19% to $126.90 in premarket, Citi sees a more balanced risk/reward. Q3 Earnings Snapshot: 🔻 Adj EPS: $1.85 (vs Est. $2.30) 🔻 Revenue: $25.23B (vs Est. $25.74B), yet up 0.9% YoY! 🔻 Comparable Sales: +0.3% (vs Est. +1.48%) 🔻 Gross Margin: 27.2% (vs Est. 28.7%) 🔻 Inventory Pile-Up: $15.17B, up +2.9% YoY. The Worrying Guidance Cuts: 🔻 FY24 Adj EPS revised to $8.30–$8.90 (prior $9.00–$9.70). 🔻 Q4 Comparable Sales expected flat during the crucial holiday season. But wait! There’s more to Target than just missed earnings! 🚀 Key Highlights & Resilient Fundamentals: ✅ Digital Sales Boom: +10.8% YoY (Est. +4.69%)! ✅ Strong Customer Traffic: Up +2.4%, led by Target Circle 360™ perks. ✅ Beauty sales? ✨ Gorgeous 6% growth! Essentials and food? Holding steady. ✅ 81.5% of sales are still store-originated – brick-and-mortar power 💪. CEO Brian Cornell remains upbeat, saying, “Strong traffic growth and robust digital performance highlight Target’s resilience despite current headwinds.” Dividends Anyone? 💸 Don’t forget! Target is set to trade ex-dividend on 20Nov24, 🇳🇿NZ Time for a $1.12/share payout. This brings the annual dividend to $4.48/share, offering a tasty 2.9% trailing yield at a $153 price level. Analyst Takes (39 Analysts): 🟢 Buy: 21% 🟡 Hold: 36% 🔴 Sell: 3% 📈 Average Target Price: $176 (Upside +12.62%). Near-term volatility, long-term resilience? You bet. Target’s legendary strength in tough times could make it a holiday gift to your portfolio. Chart Whisper: Technical patterns hint at a potential bounce back to $210 in the long term. Watch for support at $152 and resistance at $165! Are we due for a breakout? Happy trading ahead. Cheers, BC 🍀🍀🍀 @Tiger_comments @Daily_Discussion @TigerObserver @TigerPM @TigerStars @TigerPicks @TigerGPT
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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