1 Reason I'm Never Selling Target Stock
There may be several compelling reasons to sell (NYSE: TGT) these days. The once-aspirational "cheap chic" department store chain is losing market share to rivals whose retail stocks it once dominated. Net sales are declining for the third consecutive year. Comparable sales at physical stores have declined 4.2% through the first nine months of this fiscal year, with traffic and transaction sizes also taking a step back.
I've been a Target shareholder for many years, and I can counter the obvious knocks on the investment by pointing out how cheap the stock has become. Hope also springs eternal that the new CEO, who steps up in February, has a shot at returning the chain to greatness. However, I have a more self-serving reason for never wanting to sell my Target stock. Every quarter, I receive a dividend check from the retailer, which keeps increasing in size with each passing year.
Image source: Getty Images.
Source Fool.com
Target Corp. Aktie
Die Community bevorzugt leicht Target Corp., mit etwas mehr Buy- (25) als Sell-Einschätzungen (5).
Das Community-Kursziel von 98 € für Target Corp. deutet auf ein leicht positives Wachstumspotenzial gegenüber 83.88 € hin.
