((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
(Updates)
November 20 – **Target TGT.N shares fall 22.2% to $121.26 in early trading; they are on track to experience their worst day since May 2022, if losses continue
** Comparable sales and EPS are expected to remain stable () and range between $1.85 and $2.45 in the fourth quarter, compared to a 1.64% increase in sales and EPS of $2.66 estimated by analysts
** Feels pressure from value-conscious consumers who buy low-cost basics from rival retailers, including Walmart WMT.N .
** Third-quarter comparable sales rise 0.3%, compared to estimate of 1.4% rise – data compiled by LSEG
** Third-quarter adjusted earnings per share of $1.85, versus consensus of $2.30
**Stocks of other U.S. retailers also fall. Dollar Tree DLTR.O and Dollar General DG.N both fall ~4%, Macy's MN is down 1.5% and Kohl's KSS.N is down 2.6%
** In contrast, WMT shares closed Tuesday up nearly 3% to a record $86.60 after raising annual guidance
** Through Tuesday's close, Target stock had gained 10% year to date
