|Day's range||0.3500 - 0.4400|
Key Insights Given the large stake in the stock by institutions, Target's stock price might be vulnerable to their...
Discount retail giant Target (NYSE: TGT) and consumer goods manufacturer Procter & Gamble (NYSE: PG) are in an exclusive club when it comes to dividends: They have outperformed most of their peers by stringing together a long track record of steadily rising payouts, even through prior market downturns. In late February, Target announced that comparable-store sales rose 1% in the most recent quarter, after jumping 9% a year earlier. Likewise, Procter & Gamble grew organic sales by a healthy 5% year over year in the most recent quarter, thanks to solid demand for consumer staples like laundry care products.
Target (NYSE: TGT) has transformed itself over the last decade, going from a middling big-box chain to a unique omnichannel retailer with a number of competitive advantages. The company has invested in store-based fulfillment, coaxing customers into picking up their online orders, which is a more cost-effective way of fulfilling them than shipping from warehouses. Consequently, the stock has been a big winner over the last decade, but more recently it's struggled as shopping habits have shifted back to services and the company has struggled to manage its inventory.