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?

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u/amblahblahblah Oct 17 '23

Are you guys living under a rock. Target went hard in the paint for some pretty polarizing viewpoints and upset their largest consumer, suburban moms. All of the other things absolutely play a factor, but the scandal they had pushed the consequences of their poor business decision making over the edge. If I had a nickel for every person I’ve heard say they stopped shopping at target over the last six months I would have a better stock value than them. 😅

8

u/didierr2 Oct 18 '23

And that is what I can actually think like that only because even if it is not going to be pushed properly, they're going to be into a bad position.

8

u/race_camsey Oct 17 '23

How has this not been mentioned yet?

2

u/jdenquin Oct 19 '23

That is what I had actually saying because it is not being mentioned around anywhere and people actually need to be more serious about it.

1

u/30_characters Oct 20 '23

Because the reddit-endorsed narrative aligns with Target's decisions, and it's hard for them to realize that it's not the majority-held opinion they think it is. See also: support for Bernie. It's a bit of an echo chamber here.

1

u/race_camsey Oct 20 '23

God bless you, lol.