Why Target Corp. (TGT) Went Down On Wednesday?

We recently published a list of Today’s 10 Worst-Performing Stocks. In this article, we are going to take a look at where Target Corp. (NYSE:TGT) stands against other worst-performing stocks.

Wall Street’s main indices finished mixed on Wednesday, with the Dow Jones emerging as the sole decliner as investors digested more news of tariff threats from President Donald Trump.

The Dow Jones dropped by 0.20 percent. In contrast, the S&P 500 and Nasdaq clocked in gains of 0.49 percent and 1.22 percent, respectively.

Ten companies mirrored a mostly pessimistic trading—four of which were Chinese stocks—as traders sold off to minimize risks from the potential impact of the US’ trade war with China.

In this article, we have identified the 10 worst performers on Wednesday and detailed the reasons behind their performance.

To come up with the list, we considered only the stocks with at least $2 billion in market capitalization and $5 million in trading volume.

A woman purchasing groceries at a Target store, with a cart full of products.

Target Corp. (NYSE:TGT)

Target saw its share prices decline for a third straight day, losing 4.86 percent to end at $107.28 apiece as investor sentiment was dampened by a bearish industry outlook coupled with the firm’s dismal earnings performance.

Last week, TGT saw its net income in the latest quarter ending February 1, 2025, decline by 20.2 percent to $1.1 billion from $1.38 billion in the same period a year earlier, as net sales dipped by 3.1 percent to $30.9 billion from $31.9 billion.

Meanwhile, net income for 12 months decreased 1.1 percent to $4.09 billion from $4.1 billion a year earlier, while net sales were marginally down by 0.8 percent to $106.5 billion from $107 billion year-on-year.

Also last week, TGT CEO Brian Cornell announced that President Donald Trump’s tariffs on Mexico may force the company to raise prices on fruits and vegetables as soon as this week. TGT heavily relies on Mexican produce imports during the winter.

“Those are categories where we will try to protect pricing, but the consumer will likely see price increases over the next couple of days,” he said.

Overall, TGT ranks 8th on our list of worst-performing stocks. While we acknowledge the potential of TGT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TGT but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.