Target (TGT) Outpaces Stock Market Gains: What You Should Know
Target (TGT) closed the most recent trading day at $82.56, moving +0.82% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.25%. Elsewhere, the Dow gained 0.39%, while the tech-heavy Nasdaq lost 0.09%.
Heading into today, shares of the retailer had lost 6.79% over the past month, outpacing the Retail-Wholesale sector's loss of 6.94% and lagging the S&P 500's loss of 5.58% in that time.
Investors will be hoping for strength from TGT as it approaches its next earnings release, which is expected to be August 21, 2019. On that day, TGT is projected to report earnings of $1.61 per share, which would represent year-over-year growth of 9.52%. Our most recent consensus estimate is calling for quarterly revenue of $18.33 billion, up 3.12% from the year-ago ...