Valued at a market cap of $46.5 billion, Target Corporation (TGT) is one of the largest retail chains in the U.S., operating a wide network of general merchandise stores. Based in Minneapolis, Minnesota, TGT is known for its affordable yet stylish product offerings, Target sells a mix of private-label and national brands across categories like apparel, home goods, electronics, and groceries.
Shares of this discount behemoth have considerably lagged behind the broader market over the past 52 weeks. TGT has declined 21.3% over this time frame, while the broader S&P 500 Index ($SPX) has surged 21.1%. Moreover, on a YTD basis, the stock is down 22%, compared to SPX’s 7.9% rise.
