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Opinions Jason Snipe, CIO, Odyssey Capital Advisors
Target CorpTGTWEAK BUYMar 20, 2023
Stock price when the opinion was issued
As of Jun 18, 2026. Market Open.
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Premium contentMinneapolis-based target corporation (nyse: tgt) serves guests at over 1,800 stores and at target.com. since 1946, target has given five percent of its profit to communities, which today equals millions of dollars a week. for more information, visit target.com/pressroom. for a behind-the-scenes look at target, visit abullseyeview.com or follow @targetnews on twitter. Social media mentions are up 200% in the past 24h.
It surged today after reporting. Target has lagged its peers because it hasn't produced positive same-store sales, a key metric, in ages. They reported big profits, though same-store sales and total revenue were okay and in-line. But they slashed inventories 14% YOY, less theft and transport costs normalize. Huge earnings beat. Pays a 3.4% yield which will look more attractive if the Fed holds rates, and if inflation declines, then the consumer will have more spending money.
Premium contentminneapolis-based target corporation (nyse: tgt) serves guests at over 1,800 stores and at target.com. since 1946, target has given five percent of its profit to communities, which today equals millions of dollars a week. for more information, visit target.com/pressroom. for a behind-the-scenes look at target, visit abullseyeview.com or follow @targetnews on twitter.
They have troubles now, and was downgraded it, but it still offers a strong value proposition. They've done a great job on decreasing inventory, -16% last quarter. Freight costs are declining. They will have traffic issues, but long term the value will shine. Down 18% in the past month. She may buy more if it falls more.
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Consumer staples are a bit expensive, but they beat EPS and are managing inventory better. It'll be difficult to reach their 6% margin target in this economy. Shares are up 8% YTD. Has a concern of weakening in the lower-end consumer, though.