FAIRNESS ALERT: Rosen Law Firm Encourages Investors in Target Companies with Losses Greater Than $100,000 to Learn About Securities Class Action Investigation – TGT

NEW YORK–(BUSINESS WIRE)–WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation into potential securities claims on behalf of shareholders of Target Corporation (NYSE:TGT) arising from allegations that Target may have provide misleading business information to the investing public.

SO WHAT: If you purchased Target securities, you may be entitled to compensation without payment of out-of-pocket expenses or costs through a contingency fee arrangement. The Rosen law firm is preparing a class action lawsuit to recover investors’ losses.

WHAT TO DO NEXT: To join the potential class action, go to https://rosenlegal.com/submit-form/?case_id=6810 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information.

WHAT DOES IT TALK ABOUT: On May 18, 2022, before trading hours, Target announced its first quarter 2022 financial results in a press release. The company also provided guidance, expecting the “operating profit margin rate” for the second quarter of 2022 [to] be within a wide range centered around the operating margin rate of 5.3% in the first quarter.

On this news, Target’s stock price fell $53.67 per share, or more than 25%, to close at $161.61 per share on May 18, 2022, on unusually high trading volume.

Then, just three weeks later, on June 7, 2022, before trading hours, Target revised its guidance, expecting second quarter 2022 operating margin rate “to be within a range of approximately 2%”. The company attributed the change to “a set of actions aimed at adjusting [Target’s] inventory for the rest of the year[.]”

On this news, Target stock fell $3.69, or 2.3%, to close at $155.98 per share on June 7, 2022.

WHY THE ROSEN LAW: We encourage investors to select qualified attorneys with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Many of these companies do not bring securities class action lawsuits. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

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