Like every other retailer out there, (NYSE: TGT) hasn't been immune to the unfavorable macroeconomic environment. Inflationary pressures are hurting consumers' ability to spend. And inventory issues have resulted in unusually higher levels of markdowns. Shares are essentially flat over the past 12 months. And as of this writing, they are down 43% from their all-time high.
What should investors do with Target stock? Is it a buy, a sell, or a hold? Let's take a closer look at the retailer's latest earnings, as well as some other important factors, to come up with an educated course of action.
Target's fiscal 2023 first quarter ended on April 29. During the three-month period, the business saw its total revenue increase by just 0.6% on a year-over-year basis. Same-store sales, measuring revenue from stores open at least 13 months, were up by only 0.7%. This was the sixth straight quarter that the revenue increase decelerated.
Source Fool.com