The Shareholders Foundation announces that an investigation on behalf of current long-term stockholders of shares of Target Corporation (NYSE:TGT) was initiated concerning whether certain Target officers and directors possibly breached their fiduciary duties in connection with certain statements.
Investors who are current long-term stockholder of shares of Target Corporation (NYSE:TGT), have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Target officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Target Corporation reported that its Total Revenue rose from over $65.35 billion for the 52 weeks period that ended on Jan. 30, 2010 to over $73.3 billion for the 53 weeks period that ended on February 2, 2013 and that its respective Net Income rose from $2.92 billion to over $2.99 billion.
Shares of Target Corporation (NYSE:TGT) grew from $25.65 per share in March 2009 to as high as $72.56 per share in July 2013.
On December 19, 2013, Target Corporation confirmed it is aware of unauthorized access to payment card data that may have impacted certain guests making credit and debit card purchases in its U.S. stores. Target Corporation said that approximately 40 million credit and debit card accounts may have been impacted between Nov. 27 and Dec. 15, 2013.
On January 10, 2014, Target Corporation announced updates on its continuing investigation into the recent data breach and its expected fourth quarter financial performance. On January 14, 2014, it was announced that a proposed consumer class-action lawsuit has been filed against Target Corporation. On January 22, 2014, Target Corporation announced that it is eliminating about 475 positions and will not be filling 700 open positions.
Shares of Target Corporation declined from $73.25 per share in July 2013 to as low as $55.07 per share on February 5, 2014.
On March 10, 2014, NYSE:TGT shares closed at $61.16 per share. .
Those who purchased shares of Target Corporation have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com