3 Reasons to Buy This High-Yield Dividend King Stock, Even Though It's Close to a 52-Week Low
Target (NYSE: TGT) stock soared during the pandemic as consumer spending jumped, and it was able to capitalize on curbside and online orders. But Target overestimated demand trends, leaving it vulnerable to supply chain and inflation pressures. Target stock fell from over $260 a share in summer 2021 to the low $100 per share range in October 2023.Target began to show signs of margin improvement in late calendar year 2023, with the stock recovering for most of 2024. But then, Target fell over 22% on Nov. 20 after reporting third-quarter fiscal 2024 results (for the period ended Nov. 2).At the time of this writing, Target is up less than 4% from its 52-week low.Continue reading
Target (NYSE: TGT) stock soared during the pandemic as consumer spending jumped, and it was able to capitalize on curbside and online orders. But Target overestimated demand trends, leaving it vulnerable to supply chain and inflation pressures. Target stock fell from over $260 a share in summer 2021 to the low $100 per share range in October 2023.
Target began to show signs of margin improvement in late calendar year 2023, with the stock recovering for most of 2024. But then, Target fell over 22% on Nov. 20 after reporting third-quarter fiscal 2024 results (for the period ended Nov. 2).
At the time of this writing, Target is up less than 4% from its 52-week low.
