TGT is trading 7.1% down today at $118.27, reversing earlier gains as investors look past a strong Q1 earnings beat to focus on underlying profitability concerns.
- The company reported Q1 2026 EPS and Revenue that surpassed analyst expectations and raised its full-year sales guidance.
- Despite the positive headline results, the stock dropped as investors reacted to a lower operating margin and an increase in SG&A (Selling, General & Administrative) expenses.