Company Of The Day: Target

November 17th, 2022 by Trefis Team
-3.56%
Downside
136
Market
131
Trefis
TGT: Target logo
TGT
Target

What?

Target (NYSE:TGT) posted a mixed set of Q3 2022 results amid a tough economic environment and increased discounting. While revenue beat estimates, growing 3.4% year-over-year to $26.25 billion, adjusted earnings came in at a lower-than-expected $1.54 per share.

So What?

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Target stock fell by over 13% in Wednesday’s trading, as the company also lowered its guidance for Q4, projecting a year-over-year decline in comparable sales.

What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.

Returns Nov 2022
MTD [1]		 2022
YTD [1]		 2017-22
Total [2]
 TGT Return -5% -33% 115%
 S&P 500 Return 2% -17% 77%
 Trefis Multi-Strategy Portfolio 4% -19% 221%

[1] Month-to-date and year-to-date as of 11/17/2022
[2] Cumulative total returns since the end of 2016

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