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Stock impact report

TGT INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by Officers of Target Corporation

Target Corporation (TGT) 
Last target corporation earnings: 3/3 06:30 am Check Earnings Report
US:NYSE Investor Relations: investors.target.com
Company Research Source: Accesswire
NEW YORK, NY / ACCESSWIRE / March 27, 2023 / Levi & Korsinsky notifies investors that it has commenced an investigation of Target Corporation ("Target" or the "Company") (NYSE:TGT) concerning possible violations of federal securities laws.Before market opened on May 18, 2022, Target announced results for the first fiscal quarter ended April 30, 2022, including that Fiscal 2022 second quarter gross margin for the quarter was 26.75%, down 426 basis points from the prior year. Target announced gross margins were primarily affected by unanticipated changes in consumer spending, as well as higher supply chain costs. Additionally, Target announced inventory was $15.08 billion, up approximately $1.1 billion compared to fourth fiscal quarter of 2021. Target explained inventories remained elevated versus expectations due to changing consumer spending habits. Target also announced that it was revising its fiscal year 2022 outlook, such that fiscal 2022 guidance concerning operating margin was l Show less Read more
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