Why Target Stock Dropped After Earnings Tuesday

Good earnings news wasn't great news for Target (TGT -6.28%) stock this morning, after the big-box retailer announced a sizable earnings beat Tuesday, then saw its stock sell off.Analysts forecast Target would earn $2.25 per share on fiscal fourth-quarter sales of$30.4 billion (Target's fiscal year ended Feb. 1, 2025). In fact, Target earned $2.41 per share, and sales exceeded$30.9 billion. Regardless, Target shares were down 5.2% through 10 a.m. ET. Target Q4 earningsTarget noted that its same-store sale ...