TGT, or Target Corporation, is a major American retailer that has been in operation since 1902. At the time of this writing, the company operates more than 1,800 stores and employs more than 350,000 people. TGT stock has been on the rise for much of its history, but there have been plenty of ups and downs along the way.
TGT Stock Price in the Early Years
TGT stock was first listed on the New York Stock Exchange in 1967. At the time, the company was still a regional retail operation, with much of its business concentrated in the Midwest. The stock initially traded at around $6 per share and soon climbed to a peak of just over $21 per share in 1972.
After peaking in 1972, the stock began to lose value for the next decade, falling to a low of just over $4 per share by 1982. The company had been struggling through a difficult period, as new competitors began to enter the retail landscape. During this time, the company began to take steps to expand its reach and improve its operations.
The Rise of TGT Stock Price
In the late 1980s, the company began to shift its focus to the expanding “big box” retail market, and began to acquire smaller regional competitors. This move proved to be a savvy one, as the company was able to capitalize on the growing trend of shopping at larger, more convenient stores. This shift in strategy was reflected in the stock price, which began to rise steadily throughout the 1990s.
By 2000, the stock had more than tripled from its low point in 1982, reaching a peak of just over $45 per share. The company continued to grow throughout the 2000s, and by 2010 the stock had reached a peak of just over $70 per share. This surge was driven in part by the company's aggressive expansion into the Canadian market.
Recent Performance of TGT Stock Price
In the years since its peak in 2010, the stock has rallied and slumped several times. The company has continued to expand, opening new stores and launching its own online retail platform. Despite these efforts, the stock has been relatively flat in recent years, hovering around the $70 per share mark.
The company has also been plagued by various other issues, such as the ongoing trade war with China and the introduction of new competitors. These issues have weighed on the stock price in recent months, and it currently sits at just over $50 per share.
The Future of TGT Stock Price
It is hard to predict the future of TGT stock price, as the company faces an uncertain future. It is possible that the stock could continue to struggle in the near term, as it grapples with the effects of the trade war and increased competition. On the other hand, the company could also see its stock price rise as it continues to innovate and grow.
Ultimately, the future of TGT stock price will depend on the company's ability to navigate the turbulent retail landscape. With its long history of success, the company is well-positioned to continue to succeed in the years ahead.