4 Reasons to Forget Target and Buy Walmart Instead
(NYSE: TGT) recently posted its latest earnings report. For the first quarter of fiscal 2024, which ended on May 4, the retail-giant's revenue fell 3% year over year to $24.53 billion but still roughly matched analysts' expectations. Its comparable-store sales dropped nearly 4%, which marked the fourth consecutive quarter of declining comps.
On the bottom line, adjusted earnings per share (EPS) dipped 1% to $2.03 and missed the consensus forecast by $0.02. Target's stock stumbled after that disappointing report -- extending its 36% decline over the past three years -- as Walmart's (NYSE: WMT) stock rallied 37% during the same period. Let's review the four reasons Walmart outperformed Target by such a wide margin.
Image source: Walmart.
Source Fool.com
Target Corp. Stock
The stock is one of the favorites of our community with 43 Buy predictions and 1 Sell predictions.
As a result the target price of 168 € shows a positive potential of 22.15% compared to the current price of 137.54 € for Target Corp..
