It hasn't been an enjoyable few years for Target (NYSE: TGT) investors. After seeing the stock soar over 80% between Jan. 1, 2020 and Dec. 31, 2021, they have now watched it fall over 50% from its all-time high. It is now hovering around a three-year low. Does that make it a buy? Or could results worsen further?

Let's dive into key points and concerns from the company's recent earnings call and detail some encouraging signs for the retailer going forward.

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Source Fool.com