Target Stock Plunges: Should You Buy the Dip or Run for Cover?

Back in its second-quarter earnings report in August, Target (NYSE: TGT) gave investors hope that it was finally turning the corner.Since the pandemic began to wind down, the retailer has struggled with inflation, weak consumer discretionary spending, and an increase in theft. However, Target's shares plunged on Wednesday after its latest update indicated that the recovery trend didn't last, and the company is still struggling on both sides of the income statement.Comparable sales rose 0.3% in the quarter as traffic was up 2.4%, but its average transaction fell. The company's sales shifted to the digital channel, with digital comps up 10.8%, but in-store comparable sales fell 1.9%.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool