Stocks making the biggest moves premarket: Target, Lululemon, Shopify and more

Check out the companies making headlines before the bell. Target — Target's shares tumbled more than 7% after first-quarter earnings missed estimates, driven by a year-over-year sales decline of about 3% as consumers bought fewer discretionary items. Analog Devices -- The semiconductor manufacturing company jumped 6.2% after exceeding quarterly estimates. Analog Devices posted adjusted earnings of $1.40 per share in its fiscal second quarter on revenue of $2.

Urban Outfitters posted adjusted earnings of 69 cents per share on $1.20 billion of revenue, exceeding analysts' expectations of 52 cents per share on $1.18 billion of revenue, per LSEG. PDD — PDD Holdings, the Chinese parent of discount retailer Temu, gained 7.6% after reporting a 131% increase in first-quarter revenue. Toll Brothers — The homebuilder gained about 1% after stronger-than-expected results in its fiscal second quarter. Toll reported $4.55 in earnings per share on $2.

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