Target is managing an inventory surplus relatively well.
Target (TGT 1.03%) reported fourth-quarter earnings recently that relieved investors. The company faces an inventory surplus that threatens to hurt profits dramatically. This video will highlight the major updates from the fourth-quarter earnings release and let you know if it's an excellent time to buy Target stock.
*Stock prices used were the afternoon prices of Feb. 27, 2023. The video was published on March 1, 2023.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Target. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.
