Retail Theft Incidents Surge 93% in 2023, Impacting Profitability
Written by Emily J. Thompson, Senior Investment Analyst
Source: Yahoo Finance
- Surge in Theft Incidents: The National Retail Federation reports a 93% increase in retail theft incidents in 2023 compared to 2019, leading to heightened profit pressures and challenges in pricing strategies for retailers.
- Rise in Violence: About 73% of retailers indicate that shoplifters are exhibiting more violence and aggression than last year, with 91% noting an increase compared to 2019, posing significant threats to employee safety and customer experience.
- Increased Budgets: In response to rising violence, 71% of retailers have raised their budgets for employee training related to workplace violence over the past year, aiming to enhance staff preparedness and protect both employees and customers.
- Coordinated Crackdown: During
Analyst Views on TGT
Wall Street analysts forecast TGT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TGT is 101.75 USD with a low forecast of 80.00 USD and a high forecast of 130.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
22 Analyst Rating
7 Buy
11 Hold
4 Sell
Hold
Current: 97.430
Low
80.00
Averages
101.75
High
130.00
Current: 97.430
Low
80.00
Averages
101.75
High
130.00
About TGT
Target Corporation is a general merchandise retailer selling products to its guests through its stores and digital channels. The Company offers customers, referred to as guests, everyday essentials and fashionable, differentiated merchandise at discounted prices. The majority of its stores offer a wide assortment of general merchandise and food. Its merchandise categories include apparel and accessories, beauty and household essentials, food and beverage, hardlines, and home furnishings and decor. Most of its stores are larger than 170,000 square feet, offer a variety of general merchandise and a full line of food items comparable to traditional supermarkets. Its digital channels include a wide merchandise and food assortment, including many items found in its stores, along with a complementary assortment sold by the Company and third parties. Its brands include A New Day, Ava & Viv, Cloud Island, Favorite Day, and others. It serves guests at nearly 2,000 stores and at Target.com.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
