The conversation surrounding a potential leveraged buyout (LBO) of Target Corporation (TGT) has intensified this October, as DA Davidson, an investment firm, reignited talk of the retail heavyweight possibly going private. The idea isn’t as far-fetched as it sounds. Target’s share price has tumbled more than 33% year-to-date (YTD), and the stock remains down nearly 43% over the past five years, a reminder of how far the company has fallen since its pandemic-era highs.
Adding to the intrigue of Target’s share price drop, the retailer just rolled out its biggest Circle Week to date, spanning Oct. 5 to 11, with savings up to 50%. This aggressive promotional strategy is an urgent bid to spark demand and recover lost ground during a challenging year, especially as TGT stock remains deep in red territory.
