The slump in Target's share price now has the stock trading down about 14% on the year, as of this writing. Let's take a closer look at its most recent report and guidance to see if this dip in price could be a nice holiday gift for investors interested in the stock.

Target (TGT) shares plummeted 20.3% in premarket trading after a disappointing Q3 profit report and lowered holiday quarter guidance.

Despite cutting costs on thousands of products and starting holiday sales early, it didn't see a large uptick in customers.

Target’s (TGT) price cuts and early holiday promotions aren’t delivering the expected results. Target stock plummeted by more than 16% in pre-market trading on Wednesday after it reported disappointing third-quarter earnings.