By Anil K. Ambastha and Kuldip K. Ambastha
Following its stellar second-quarter earnings due to the success of its store investments, online sales, and same-day delivery along with a stable outlook for the remainder of the year 2019, shares of a discount store chain, Target (TGT), had their biggest-ever one-day gain of 20.4% on Wednesday, August 21, since Target went public 52 years ago. Target’s stock price has now gained about 60.9% year-to-date compared to the average return of about 19.4% for companies belonging to the Retail-Wholesale category.
Disclosure – The principals of Ambastha Financial LLC have no position in TGT.
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