Target’s Q3 Earnings Preview: Options Traders Anticipate 9.96% Stock Swing
Target Corporation (TGT) faces heightened volatility expectations as it prepares to report third-quarter earnings on November 19. Options markets price in a potential 9.96% move—nearly double the stock's average post-earnings swing of 5.77% over recent quarters. The retailer's shares have shed 33% year-to-date amid persistent sales weakness and margin compression.
Wall Street anticipates a 1.3% revenue decline to $25.34 billion, with adjusted EPS projected to fall 7.6% to $1.71. Telsey Advisory Group maintains a neutral stance, assigning a $110 price target based on 14x forward earnings multiples. Analyst Joseph Feldman forecasts comparable sales dropping 1.5%, reflecting ongoing consumer spending headwinds.