|Bid||75.12 x 100|
|Ask||75.14 x 100|
|Day's Range||73.47 - 75.96|
|52 Week Range||48.56 - 78.70|
|PE Ratio (TTM)||15.72|
|Earnings Date||Mar 6, 2018|
|Forward Dividend & Yield||2.48 (3.36%)|
|1y Target Est||75.42|
The mega-retailer is launching a new online home shopping experience in the coming weeks that will let users discover items based on their style. Yahoo Finance’s Alexis Christoforous, Rick Newman, and Dion Rabouin debate whether or not this can reverse Walmart’s falling stock price.
Brian Cornell, Target chairman and CEO, discusses the retail chain’s latest holiday quarter with CNBC’s “Squawk Box.”
Several Target Corp. investors think the company should take a step back from trying to boost its toy sales after the fall of Toys R Us, according to a report from Reuters. When Toys R Us declared Chapter 11 bankruptcy last year, the conventional wisdom was the development could benefit Target, as the Minneapolis-based retailer already focuses plenty on babies and moms. Toys R Us is closing a chunk of its stores this year and Reuters notes that over 90 percent of them are within a 15-minute drive of at least one Target store.
When the biggest toy retailer in the U.S. went bankrupt last September, analysts parsing through the wreckage came to the conclusion that Target would be among the biggest beneficiaries. Of the 182 Toys "R" Us stores scheduled to close in the first half of 2018, 93 percent are within a 15-minute drive of at least one Target store and analysts say the department-store chain should see more traffic as a result. Target has also launched a number of exclusive toys including a board game based on Bob Ross's Joy of Painting TV show and introduced a line of action figures based on characters from Netflix's (NFLX.O) smash hit "Stranger Things".
Sometimes, sympathy sell-offs in the stock market make no sense. Retail giant Walmart Inc (NYSE:WMT) reported worse than expected quarterly numbers while delivering a weaker than expected 2018 profit guide. WMT stock sunk and dragged its most direct competitor, Target Corporation (NYSE:TGT) with it. This makes TGT stock a buy.
While e-commerce sales are growing, stores will always play an important role in a retailer's overall strategy, according to Target CEO Brian Cornell.
What impacted Walmart’s EPS? Walmart (WMT) reported weaker-than-expected fiscal 4Q18 earnings (period ended January 31, 2018). Walmart’s adjusted EPS (earnings per share) of $1.33 per share missed analysts’ estimate of $1.37 due to price investments, an adverse mix as a result of a growing share of e-commerce sales, and higher transportation costs.
This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on February 20. Index (PMI) data, output in the Consumer Services sector is rising.
Walmart (WMT) reported sales of $136.3 billion in fiscal 4Q18, which easily surpassed analysts’ expectations of $134.9 billion and increased 4.1% YoY (year-over-year). Strong sales in its US business segment drove the company’s top line in fiscal 4Q18. Walmart posted improved comparable store sales or comps across all its business segments.