20 Stocks Jim Cramer Discussed in This Changing Market Including Sandisk and TJX

13. Target Corporation (NYSE:TGT)

Target Corporation (NYSE:TGT) was among the stocks Jim Cramer discussed in this changing market. Cramer called the company’s post-earnings decline “excessive,” as he said:

Now, let’s talk about the retailers that were, I don’t know, let’s call them more or less okay, Walmart and Target. I hesitate to call these quarters bad, but they clearly, you know, the market didn’t like them… And Target dropped 3.9% last Wednesday, even though it bounced the next day. I don’t think it’s so bad, but I think, let’s put it this way, I think the declines were excessive… Investors didn’t like that Target quarter much either, despite the fact that Target delivered what I thought was a very healthy top and bottom line beat with 32% earnings growth. Same-store sales up 5.6%; analysts were only looking for 2.4%.

They even raised their full-year revenue growth outlook from 2 to 4% and said that earnings should come in near the high end of their previous forecast. To me, that was a home run and a buy, so I’m not entirely sure why… it sold off in response to the quarter. Still, it’s a turnaround story that’s clearly headed in the right direction. Plus, Target trades at just 15 times this year’s earnings estimate, 3.6% dividend yield. You buy it, okay? You buy it.

Target Corporation (NYSE:TGT) is a retailer that sells clothing, beauty items, groceries, electronics, home goods, and everyday essentials.