30.38 0.00 (0.00%)
After hours: 4:54PM EDT
|Bid||30.38 x 1100|
|Ask||30.39 x 800|
|Day's Range||30.34 - 30.99|
|52 Week Range||20.93 - 33.18|
|Beta (3Y Monthly)||1.32|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||35.33|
Looking for stocks with high upside potential? Just follow the big players within the hedge fund industry. Why should you do so? Let’s take a brief look at what statistics have to say about hedge funds’ stock picking abilities to illustrate. The Standard and Poor’s 500 Index returned approximately 12.1% in 2019 (through May 30th). Conversely, hedge […]
For all the headlines it caused, the two-day outage at Target (NYSE:TGT) checkouts barely registered with investors.Source: Mike Mozart via Flickr (Modified)All told, TGT stock lost about 1.5% in the past two days, after thousands of people abandoned their shopping carts and just walked out of stores over the weekend.The cash register outage came just a month after stellar earnings sent the stock shooting upward, from barely $70 per share on May 16 to nearly $90 per share a month later. The company in May said same-store sales grew 4.8% on 4.3% comparable traffic growth for the three months ending in April.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSince then, Target has gone from strength to strength. It raised the dividend slightly, re-launched its in-house media company as Roundel, and announced same-day delivery through Shipt, a grocery delivery service acquired in 2017. Macro vs. Micro for TargetUnlike the massive 2013 data breach that eventually cost CEO Gregg Steinhafel his job in 2016, the two-hour outage on June 14 was seen as a problem caused by regular maintenance. A second, smaller problem processing credit cards on Father's Day was blamed on vendor NCR (NYSE:NCR). * 7 Value Stocks to Buy for the Second Half Rather than attack Target as negligent, most analysts chose to focus on how any company could be hit by such problems, given how dependent they are on giant, interconnected computing systems. There was a sigh of relief that no Target customer data was lost.Target's strategy under current CEO Brian Cornell has been to match its larger rivals in technology but differentiate itself with smaller stores inside urban centers, something Walmart (NYSE:WMT) abandoned earlier in the decade.While the fallout from the tech outage is likely to be brief, Target shares will be hit by general market turbulence. Consider that the Morgan Stanley (NYSE:MS) business conditions index is forecasting a recession ahead.A spike in jobless claims and a bad employment report for May are far more likely to impact Target shares or rivals like Walmart and Kroger (NYSE:KR) than the weekend's problems. Wait for ItIn general, conditions at stores like Target, once called "discount" stores, have been improving. Sales for May are up 3.2% year-over-year. While shopping malls continue to dwindle, stand-alone discounters like Target continue to rack up gains.Historians will note that Target itself emerged from the now-defunct Dayton-Hudson department store chain. The remaining stores rebranded as Marshall Field's and became part of what's now Macy's (NYSE:M) in 2005.Target, meanwhile, has been called Walmart's primary competitor. Even though the Arkansas-based chain is more than seven times its size, Target is more profitable. It brought $3 billion out of $75 billion in sales last year to the net income line. Compare that to $6 billion on $514 billion for Walmart. Despite this, and a dividend yielding 3.1% after its latest raise, Target currently sells for just 15 times trailing earnings. That's less than half Walmart's figure. Both are worth about 60 cents for each dollar of sales. The Bottom Line on TGT StockThe macro news is bound to overwhelm the micro news in the short term. Target's glitch is being treated as just that and, sadly, isn't a buying opportunity.If the economy doesn't collapse, Target under CEO Brian Cornell is in good shape, and a bargain for investors seeking income. If there is a recession, Target is well-positioned to get through it, but you might want to wait to see how deep the current fear goes before jumping in.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear , available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Value Stocks to Buy for the Second Half * 7 Hot Stocks to Buy for a Seemingly Sleepy Summer * 6 Chip Stocks Staring At Big Headwinds in 2019 Compare Brokers The post The Target Stock Dip Was Barely a Blip appeared first on InvestorPlace.
The registers at Target went offline for two hours Saturday, leaving customers unable to complete transactions. The outage was the result of an "internal technology issue," the retailer said in a statement issued the same day. A Twitter user posted a video of dozens of Target shoppers waiting in line with their carts.
Target Corp. faced two days of long lines and irritated customers after an problems with its payment system technology over the weekend.
Sensibill, a digital receipt and data provider, announced today that it will partner with NCR Corporation (NCR), a leader in banking and commerce solutions, to allow bank customers to store, organize and manage their receipts. NCR Digital Banking allows users to instantly access purchase information for returns, warranties and expenses – all from their trusted bank or credit union’s mobile app. Small businesses and their employees can also enjoy the ease of expense report management and tracking, in order to maximize tax deductions and audit-proof their business.
NCR's impending purchase of a minority stake in Bradesco's assets within NCR Manaus will complement its efforts to expand foothold in Brazil.
NCR Corporation (NCR) and Banco Bradesco (BBD) today announced a definitive agreement for NCR to buy the minority interest that Bradesco indirectly owns in NCR Manaus, NCR’s Brazilian manufacturing and engineering entity. Financial details of the transaction were not disclosed. “We are pleased to continue our partnership with our valued customer Banco Bradesco,” said NCR President and Chief Executive Officer Michael D. Hayford.
NCR Corporation , a global enterprise technology provider for the financial industry, today announced that President and Chief Executive Officer Michael D. Hayford will present to investors at the RBC Capital Markets Financial Technology Conference.
The acquisition of OKI's cardinal assets will help bolster NCR's business across all its three segments of Banking, Retail and Hospitality.
NCR (NCR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
With its nearly $6 billion deal to buy a rival completed, Invesco chose a project led by MetLife Investment Managment to build a new Atlanta headquarters.
NCR Corp NYSE:NCRView full report here! Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is moderate and declining Bearish sentimentShort interest | PositiveShort interest is moderate for NCR with between 5 and 10% of shares outstanding currently on loan. However, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on May 1. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $1.93 billion over the last one-month into ETFs that hold NCR are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
NCR Corporation , a technology leader for the financial industry, is implementing its Promotion Suite Premium tool to help create a better, more targeted digital member experience for SAFE Credit Union, a $3 billion financial institution in Sacramento, Calif.
Tech presented a plan for the demolition of two buildings at 828 and 830 West Peachtree on the northern end of Tech Square.
NCR's law vice president, chief counsel of software and services, and chief privacy officer is winner of Atlanta Business Chronicle’s 2019 Corporate Counsel Community Champion Award.
CSX Corp. (NYSE: CSX) will continue transitioning operations out of Hulsey Yard, the rail operator confirmed, but stopped short of saying it would begin working with the surrounding neighborhoods on a potential long-term redevelopment of the site. Hulsey Yard is one of intown Atlanta’s most closely watched redevelopment opportunities along the Atlanta BeltLine Eastside Trail and DeKalb Avenue. “Our immediate plans are to safely secure the Hulsey terminal as we determine the best use for the property,” Sheriee Bowman, a spokesperson for the company, said in an email.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift...