Was Jim Cramer Right About These 23 Stocks?

3. Target Corporation (NYSE:TGT)

Number of Hedge Fund Holders: 56

On the topic of retailers, Cramer also talked about Target Corporation (NYSE:TGT), a discount retailer offering general merchandise and groceries through a large store network. He called the stock a comeback story back then:

“Target just reported a sharply better-than-expected quarter—a marvel—which shows that this company’s still got it. Plus, the stock’s substantially cheaper than Walmart. I think Target can go much higher.”

Target Corporation (NYSE:TGT) has tumbled by 39.48% since Cramer’s comments.

Cramer advised his viewers on the 11^th of March to be patient and wait for the stock to bottom:

“But I do feel that we have to see Target bottom at a 4% yield. We gotta see Walmart bottom.”