It was just 6 weeks ago that Target had indicated that traffic and sales trends disappointed during the holiday season. Today investors got to see just how bad the earnings were.
Analysts were expecting $20.70 billion in fourth quarter revenue. Instead the company returned $20.69 billion . Last year for the same quarter revenue was $21.6 billion.
It was their outlook for 2017 that is the real stunner. They anticipate sales and revenue between $3.80 and $4.20 a share. For the first quarter they expect 8 cents to $1.00 of earnings.
Target Stock Collapse Feb 28 2017
This is a strategy discussion article and an update on handling the decline in Target Stock. The article looks at trades from today and where the trading range for the stock is heading to next……The rest of this Target Stock (TGT) strategy article is for FullyInformed Members
Target Stock (TGT) Gets Hammered – Feb 28 2017
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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