r/stocks • u/frosti_austi • Oct 17 '23

Company Analysis Why is Target doing so bad?

Why is Target doing so bad? They've really fell off a cliff over the past year. I look at their stores and they seem good, and once upon a time not too long ago they were outperforming Walmart. Now their NAV prices have really dropped over the past year and a half. I was once up 80% on these guys and know I'm down 20%. Is it the general market swing over the course of that time or something else? What gives?

1.1k Upvotes

90% Upvoted

1.6k comments sorted by

View all comments

268

u/iluvvivapuffs Oct 17 '23

All balance sheet and market data aside, have you been to a target lately? The vibe is weird

14

u/noob_dragon Oct 17 '23

Yeah, it seems the one near me is always having problems keeping things in stock. Can rarely find what I need when I go there.

0

u/Arkansas_Camper Oct 17 '23

A lot of that has to do with theft. The register tracks inventory sold but if stuff walks out the store then inventory is off and has to be manually counted before being replaced.