By Kuldip K. Ambastha
On Wednesday, November 18, 2020, Target Corporation (TGT) had a +2.3% return for the day. The prominent general merchandise retailer with a motto of “Expect More. Pay Less.” announced strongly positive 3Q2020 results which drove the return seen on that day. 3Q2020 adjusted earnings per share came in at $2.79, surpassing various consensus estimates. Target has been successful in its transition from a brick & mortar retailer into a multi-channel retail entity.
The company has reaped massive rewards through investing in technology, improving website and mobile app user experiences, and modernizing the supply chain to be competitive with purely e-commerce retailers. Even with the global coronavirus (COVID-19) pandemic which has been present for most of 2020, Target has performed well. Customers and investors have clearly been impressed with Target.
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Disclosure – The principals and clients of Ambastha Financial LLC have no positions in TGT.
Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2020 – Ambastha Financial LLC.