Overview

• Shares are down 34% year to date, lagging peers such as Walmart and Costco.
• In the August-reported quarter, net sales slipped nearly 1% to just over $25 billion, comparable sales fell nearly 2%, and GAAP net income dropped 22% to $935 million.
• Same-day delivery grew 25% in the quarter, lifting overall digital sales by more than 4%.
• Roundel advertising and the Target Plus marketplace posted double-digit growth, highlighting newer revenue streams.
• The stock trades near $88—about 70% below its 2021 peak—at roughly 12 times forward earnings with a forward dividend yield around 5.2%.