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Target Stock Essay

287 Words2 Pages
In May 2016, shares of Target fell 13.5% according to data from S&P Global Market Intelligence. Some of this slump was of Target's own doing and some of it wasn't. The stock first took a 5.5% dive on May 11th due to a bevy of disappointing earnings reports from Target's sector rivals. Target investors took this wave of retail weakness as a bad sign for their own holdings. Then, Target's first-quarter report came in, showing a 5.4% year-over-year revenue decline despite slightly higher comparable sales. Target shares took a 7% dive the next day, and the stock was stuck at this level for the rest of the month (Bylund). As consumer behavior shifts from traditional retail big box shopping to digital, companies like Target must evolve to meet these

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