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said this morning that same-store sales for the four weeks ended Jan. 27 increased 2.1% over last year, but fell short of Wall Street's expectations.

Analysts surveyed by

First Call/Thomson Financial

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expected the company, which is based in Minneapolis, to report a same-store sales increase of 3% for the month.

Target also posted net retail sales of $2.8 billion for the period ended Feb. 3, which includes an extra fifth week. For the four weeks ended Jan. 27, the retailer had sales of $2.24 billion, up from $2.07 billion in the year-ago period.

For the fourth quarter, Target reported total sales of $12.2 billion. Same-store sales for the quarter rose 1.8%.

Shares of Target fell $1.59, or 4.3%, to $35.10 in recent

New York Stock Exchange