TGT INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Investors of An Investigation Involving Possible Securities Fraud Violations by Officers of Target Corporation
TGT INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Investors of An Investigation Involving Possible Securities Fraud Violations by Officers of Target Corporation
New York, New York--(Newsfile Corp. - March 28, 2023) - Levi & Korsinsky notifies investors that it has commenced an investigation of Target Corporation ("Target" or the "Company") (NYSE: TGT) concerning possible violations of federal securities laws.
纽约，纽约--（Newsfile Corp.——2023年3月28日）——Levi & Korsinsky通知投资者，它已开始就可能违反联邦证券法的行为对塔吉特公司（“塔吉特” 或 “公司”）（纽约证券交易所代码：TGT）进行调查。
Before market opened on May 18, 2022, Target announced results for the first fiscal quarter ended April 30, 2022, including that Fiscal 2022 second quarter gross margin for the quarter was 26.75%, down 426 basis points from the prior year. Target announced gross margins were primarily affected by unanticipated changes in consumer spending, as well as higher supply chain costs. Additionally, Target announced inventory was $15.08 billion, up approximately $1.1 billion compared to fourth fiscal quarter of 2021. Target explained inventories remained elevated versus expectations due to changing consumer spending habits. Target also announced that it was revising its fiscal year 2022 outlook, such that fiscal 2022 guidance concerning operating margin was lower to range centered around 6% from a margin rate of 8% or higher. Target attributed the guidance reduction, in part, to unexpected cost headwinds.
在2022年5月18日市场开盘之前，塔吉特公布了截至2022年4月30日的第一财季业绩，其中包括2022财年第二季度该季度的毛利率为26.75％，比上年下降426个基点。塔吉特宣布的毛利率主要受到消费者支出意想不到的变化以及供应链成本上涨的影响。此外，塔吉特宣布库存为150.8亿美元，与2021年第四财季相比增长了约11亿美元。塔吉特解释说，由于消费者消费习惯的改变，库存仍高于预期。塔吉特还宣布正在修改其2022财年展望，因此2022财年有关营业利润率的指导从8％或更高的利润率降至6％左右的区间。塔吉特将指导的下调部分归因于意想不到的成本阻力。
Following this news, Target's stock price fell approximately 25% to close at $161.61 per share on May 18, 2022. To obtain additional information, go to:
此消息传出后，塔吉特的股价下跌了约25％，于2022年5月18日收于每股161.61美元。为了获得更多信息, 前往:
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
或者通过电子邮件 jlevi@levikorsinsky.com 或致电 (212) 363-7500 与 Joseph E. Levi, Esq. 联系。
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
为什么是李维和科尔辛斯基： 在过去的20年中，Levi & Korsinsky的团队为受侵害的股东筹集了数亿美元，并在赢得高风险案件方面创造了良好的记录。我们公司在复杂的证券诉讼中代表投资者拥有丰富的专业知识，并拥有一支由70多名员工组成的团队为我们的客户提供服务。Levi & Korsinsky连续七年在ISS证券集体诉讼服务公司的50强报告中被评为美国顶级证券诉讼公司之一。
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, Suite #427
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
联系人：
Levi & Korsinsky，LLP
Joseph E. Levi，Esq.
Ed Korsinsky，Esq。
55 百老汇，套房 #427
纽约州纽约 10006
jlevi@levikorsinsky.com
电话：(212) 363-7500
传真：(212) 363-7171
To view the source version of this press release, please visit
要查看本新闻稿的源版本，请访问
译文内容由第三方软件翻译。