Target Shares Take A Breather Following Activist-Sparked Rally
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Target Corp (TGT) shares are slightly down after a recent rally sparked by activist investor Toms Capital acquiring a significant stake. The stock's volatility reflects investor optimism for potential operational changes. Despite a positive adjusted EPS of $1.78, Target reported disappointing sales of $25.27 billion, a 1.5% decline year-over-year. Management has lowered its 2025 adjusted EPS outlook to $7.00-$8.00. Currently, TGT shares are trading at $98.71, down 0.88%, indicating a recovery from a 52-week low of $83.44.
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