Should Investors Buy Target Stock at the Current Discounted Level?

Key Takeaways Comparable store sales fell 3.2% y/y, dragging overall comps down despite digital growth.The gross margin contracted from higher markdowns, tariffs and purchase order costs.New merchandising strategy FUN 101 boosted hardlines growth by more than 5%.Target Corporation (TGT) is currently trading at a forward 12-month price-to-earnings (P/E) multiple of 11.50X, which positions it at a discount compared with the Zacks Retail - Discount Stores industry's average of 30.95X. The critical question for ...