Key insights
- The author questions Target's (TGT) 40% stock increase over the past year, recalling negative sentiment surrounding slumping store traffic, economic concerns, and tariff issues. The rise may be attributed to improved inventory management, resolution of tariff issues, or stronger-than-expected consumer spending despite economic headwinds. This suggests a potential positive outlook for the retail sector, but further investigation is needed to confirm the sustainability of Target's growth.
I remember when everyone here was talking about how it was a dying business and that because of the slumping economy and unemployment numbers going up nobody is shopping at target anymore. And it was true that their store traffic numbers kept going down. They also struggled with tarrifs and having good inventory in their stores.
I bought some around $89 and it kept not doing anything so I sold it to free up the capital to put into something else. Just checked on it and was surprised to see it at $130. Has that much changed that they've fixed all the issues within the span of a year? Or was it the tarrifs being ruled unconstitutional that made them shoot up?