233.31 0.00 (0.00%)
After hours: 4:28PM EST
|Bid||232.51 x 800|
|Ask||233.99 x 1000|
|Day's Range||231.71 - 237.12|
|52 Week Range||167.06 - 245.16|
|Beta (3Y Monthly)||1.03|
|PE Ratio (TTM)||32.91|
|Forward Dividend & Yield||2.28 (0.96%)|
|1y Target Est||N/A|
Most of the analysts providing recommendations on Target (TGT) maintained a “neutral” outlook despite the company’s stellar performance in the first half of 2018. Target’s comps grew 4.8% during the first half of 2018 and beat the estimates. Target remains upbeat and expects to maintain the growth momentum during the second half of 2018. Analysts expect the company’s top line to grow at a healthy rate during the third quarter. Target’s EPS growth rate is projected to be better than what the company recorded during the second quarter.
Target’s (TGT) adjusted EPS returned to the growth trajectory in 2018 and marked strong growth during the first two quarters of 2018. Target’s EPS rose 10.0% during the first quarter, while it increased 20.0% during the second quarter, which is impressive. Analysts expect Target’s adjusted EPS to mark more than 20.0% growth during the third quarter.
So far, Target (TGT) has impressed with its sales and earnings in 2018. However, margins are one area where the company is lagging. Although Target reported better-than-expected margins during the last reported quarter, it contracted on a YoY (year-over-year) basis.
In the third quarter, analysts expect Target (TGT) to continue to report strong sales numbers. Analysts expect Target to report net sales of $17.8 billion during the third quarter—up 6.9% on a YoY (year-over-year) basis. Analysts expect the company’s strong comps, led by phenomenal traffic growth, to support the top line. Target, Costco (COST), and Walmart (WMT) are driving more traffic despite heightened competition from Amazon (AMZN) and other deep discounters like Aldi and Lidl.
Costco (COST) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Target (TGT) is scheduled to announce its third-quarter results on November 20. Analysts expect Target to maintain its sales and earnings growth momentum in the third quarter. Target reported strong comps growth in the first half of 2018. During the last reported quarter, the comps rose 6.5%, which is the highest growth in the past 13 years.
Your stocks to watch this week are five highly rated retail stocks trading in or near buy zones: Burlington Stores (BURL), O'Reilly Automotive (ORLY), Nordstrom (JWN), Kohl's (KSS) and Costco Wholesale (COST).
On Wednesday before the markets open, Blue Apron (NYSE:APRN) will release its third quarter results — and Wall Street is far from bullish on the prospects. For the year so far, Blue Stock is off a grueling 70% to $1.20.
Alibaba (BABA) has quietly made an investment of nearly $300 million for a stake in a Chinese online wine retailer whose sales are poised to double. Alibaba spent $288.6 billion to purchase 39.3 million shares in 1919.cn, a wine company disclosed in regulatory filings cited by Caixin. China is the world’s second-largest wine market after the United States in terms of both consumption volume and consumer spending.
Amazon.com, Inc. (NASDAQ: AMZN) earned plenty of attention when its stock price topped $2,000 a share in September and October. In just a month, that seemed like a distant memory because Amazon stock sold off and bottomed at $1,500.
Moody's Investors Service, ("Moody's") affirmed the ratings on nine classes in Wells Fargo Commercial Mortgage Trust 2014-LC18 as follows: Cl. A-2, Affirmed Aaa (sf); previously on Nov 2, 2017 ...
Meal kit service pioneer Blue Apron (APRN) is set to announce its third-quarter results on November 14. Blue Apron expects its revenue growth to slowly recover in 2018 compared to its original projections despite its growth strategies. Blue Apron is facing numerous challenges.
The majority of analysts covering Walmart (WMT) maintain a neutral outlook on its stock. Walmart’s top line is expected to rise in the coming quarters thanks to its digital initiatives, including its expansion of its fulfillment options, its acquisitions of in-vogue brands, its exclusive brand launches, and its price investments. Of the 32 analysts providing recommendations on Walmart stock, 17 have given it “holds,” and 15 have given it “buys.” Meanwhile, analysts have a consensus target price of $105.56 on its stock, ~1% higher than its closing price of $104.32 on November 7.
Analysts expect Walmart (WMT) to report net sales of $125.4 billion, up 1.8% YoY (year-over-year), in the third quarter of fiscal 2019. Walmart’s top line is expected to benefit from improved sales across all its business segments, primarily its US and international businesses. Walmart’s value pricing, expanded digital offerings, fulfillment options, focus on merchandising, and supply-chain reinvention are expected to drive its top line in the United States.
Costco (COST) has impressed with its sales performances in the past several months despite increased competition from online players and deep discounters. The company sustained its growth momentum in October, and on November 7, it announced that its comps had increased 8.6% in the four-week period that ended on November 4. Costco’s comps grew 7.5% in October 2017.
On November 7, Cowen upgraded Target (TGT) stock to an “outperform” from a “market perform” and raised its target price to $100 from $90. The improving macroeconomic backdrop, including lower unemployment and higher wages, is likely to favor retailers this holiday season, and Target remains well positioned to gain from it thanks to its digital initiatives, exclusive brand launches, and value pricing. Traffic at Target is showing an uptrend on a sequential basis, which is encouraging and indicates that shoppers are responding well to the company’s initiatives.
Walmart (WMT) is expected to announce its fiscal 2019 third-quarter results on November 15. Wall Street expects the company to sustain its sales momentum during the quarter. Walmart reported stellar comps growth in the first two quarters of fiscal 2019.
Jim Cramer flies through his take on callers' favorite stocks, including a Silicon Valley giant that his charitable trust is eyeing.