Why did Target's stock hit a 52-week low?

Target's stock hit a 52-week low due to weak comparable sales, economic pressures, and an impending leadership transition, following its third-quarter results.

What were Target's third-quarter sales results?

Target reported a 2.7% decrease in comparable sales, with net sales falling 1.5% year-over-year to $25.27 billion, missing analyst expectations.

How is Target performing compared to Dollar General?

Target has underperformed Dollar General, whose stock has climbed significantly over the past year, while Target's has declined.

Home / Business and Economy / Target Stock Hits 52-Week Low

Target Stock Hits 52-Week Low

3 Dec

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Summary

Target's stock reached a 52-week low of $83.44 on November 20.
Comparable sales fell 2.7%, driven by a 3.8% decline in store sales.
Target's net sales decreased 1.5% YOY to $25.27 billion, missing expectations.

Target Corporation's stock experienced a significant downturn, reaching a 52-week low of $83.44 on November 20. This decline followed the company's release of its third-quarter fiscal 2025 results, which revealed weaker-than-anticipated performance. The stock's struggles are attributed to multiple factors including economic pressures and an upcoming leadership transition.

In the third quarter, Target's comparable sales fell by 2.7%, primarily due to a 3.8% decrease in comparable store sales. This contrasted with a 2.4% growth in comparable digital sales, highlighting a mixed performance across its channels. The company's net sales for the period were $25.27 billion, a 1.5% year-over-year decrease and a miss against Wall Street's projections.

Looking ahead, Target anticipates a low-single-digit decline in sales for the fourth quarter of fiscal 2025. This outlook, coupled with its recent performance, places the retailer in a challenging position, especially when compared to competitors like Dollar General, which has seen substantial stock appreciation over the past year.