Target Just Reported Earnings. Here's Whether the Dividend King Is Still a Buy.
Key PointsBig-box retailer Target's Q2 results were healthy, underscoring that its new CEO's plans are gaining traction.
Target (NYSE: TGT) has reported a turnaround in its earnings, with same-store sales growing by 3.8% year-over-year and a 3.6% improvement in foot traffic for the quarter ending early August. This marks the second consecutive strong quarter for the retailer, following a disappointing year in early February. The strategic turnaround plan unveiled in March has proven effective, with investments in additional store personnel and smarter merchandise assortment, aided by artificial intelligence.
Despite these positive developments, the question remains whether Target remains a "Dividend King" worth investing in.
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