Will "Tarzhay" Be Enough to Turn Target Stock Around?
Target (NYSE: TGT) is hovering around a 52-week low after reporting fourth-quarter fiscal 2024 earnings.For fiscal 2025, Target is forecasting a modest increase in operating margin and just a 1% increase in net sales. But the retailer expects to turn the business around by 2030 through a $15 billion increase in sales along with efficiency improvements.A core element of that turnaround plan is Target's embrace of "Tarzhay" spirit. Here's what the phrase means, how Target is planning to return to meaningful growth, and whether the dividend stock is a buy now.Continue reading
Target (NYSE: TGT) is hovering around a 52-week low after reporting fourth-quarter fiscal 2024 earnings.
For fiscal 2025, Target is forecasting a modest increase in operating margin and just a 1% increase in net sales. But the retailer expects to turn the business around by 2030 through a $15 billion increase in sales along with efficiency improvements.
A core element of that turnaround plan is Target's embrace of "Tarzhay" spirit. Here's what the phrase means, how Target is planning to return to meaningful growth, and whether the dividend stock is a buy now.
