Target reported same-store sales growth of 3.8% year-over-year on a 3.6% improvement in foot traffic for the three months ending in early August, driving total top-line growth of 5.3% and marking the second strong quarter in a row. The strategic turnaround plan unveiled in March, which includes more store personnel and smarter merchandise assortment assisted by artificial intelligence, is showing results shortly after CEO Michael Fiddelke took the helm in August of last year. Guidance suggests more of the same is in the cards, and the stock has run up 85% from October's low. Most analysts rate Target a hold with a consensus twelve-month price target of just over $160, while the stock trades right below that level. Target is a Dividend King with 55 consecutive years of annual dividend growth and a forward-looking dividend yield of 2.9%.
Target CorporationSame-store sales rose 3.8% on higher traffic, showing strong customer demand for Target's products.
NVIDIA Corporation