Target's Trading Volume Surges to $25.11 Billion Ranking 22nd Despite Stock Price Drop

On May 21, 2025, Target's trading volume reached $25.11 billion, a significant increase of 151.42% from the previous day, ranking 22nd in the day's stock market activity. However, Target's stock price fell by 5.21%.

Target reported a significant miss in its first-quarter earnings, with net sales declining by 2.8% year over year to $23.8 billion, falling short of the estimated $24.35 billion. The gross profit margin also decreased to 28.2% from 28.8% a year ago. The retailer's adjusted earnings per share (EPS) for the quarter were $1.30, which was below the consensus estimate of $1.62 and a decline from $2.03 reported in the previous year.

Target's first-quarter performance was impacted by a boycott related to its diversity, equity, and inclusion initiatives, as well as concerns over Trump tariffs and slowing consumer traffic. The retailer's comparable sales for the quarter fell by 3.8%, worse than expected, due to softer discretionary spending and declining consumer confidence.

In response to the challenging environment, Target has slashed its full-year sales forecast, which has contributed to the decline in its stock price. The retailer reported quarterly adjusted earnings per share (EPS) of $1.30 on revenue that decreased nearly 3% year-over-year to $23.85 billion. The company's first-quarter results reflect a difficult operating environment, with revenue down 2.3% year-over-year and EPS of $1.30 missing consensus estimates.