Target Corp. cut its sales forecast following a sharp pullback in spending and a hit from tariffs, boycotts and consumer confidence.

Target (TGT 2.20%) has seen its stock price tumble approximately 30% year to date, underperforming the broader market by a wide margin. Its disappointing financial results this ye

Target’s was already facing a very public revolt from some of its most loyal customers. Now it’s warning about tariffs.

Target cut its full-year sales outlook on Wednesday after first-quarter results missed expectations. The retail giant reported adjusted earnings per share of $1.30, though it’s unclear how that compares to the $1.

Target will report its fiscal first-quarter earnings Wednesday, as the Minneapolis-based cheap chic retailer tries to get back to growth. Here's what Wall Street is expecting for the discounter, according to a survey of analysts by LSEG:

The retailer’s stock was up more than 2% in recent trading. At its current level near $95, Target is still below the price just above $98 at which it closed Tuesday before reporting its latest financial results —but also substantially off the sub-$91 lows it touched in response to those results.

Target said that reaction to the rollback of its diversity, equity, and inclusion plans was a headwind in the first quarter

Stocks tumbled Wednesday amid signs that tariffs are weighing on consumer spending and investor concerns about the U.S. fiscal outlook.

Target’s report and subsequent stock performance reflect broader concerns in the retail sector about consumer spending habits and the ability of companies to navigate a potentially tougher economic climate. The company’s proactive steps in adjusting ...