TGT - Target Corporation
| Previous Close | 68.21 |
| Open | 68.06 |
| Bid | 67.830 x 1800 |
| Ask | 67.840 x 1000 |
| Day's Range | 67.60 - 68.63 |
| 52 Week Range | 60.15 - 90.39 |
| Volume | 4,286,803 |
| Avg. Volume | 6,281,709 |
| Market Cap | 35.409B |
| Beta (3Y Monthly) | 0.85 |
| PE Ratio (TTM) | 11.26 |
| EPS (TTM) | 6.028 |
| Earnings Date | Mar 4, 2019 - Mar 8, 2019 |
| Forward Dividend & Yield | 2.56 (3.75%) |
| Ex-Dividend Date | 2019-02-19 |
| 1y Target Est | 80.13 |
- American City Business Journals•2 hours ago
This Tysons cyber startup believes its 'scorecard' gives it an edge in a crowded field
Cyber startup NormShield Inc. has hit its stride and is looking to expand after raising a bit more than $3 million in new funding, according to CEO Mohamoud Jibrell. The Tysons startup, which allows companies to quickly analyze their security vulnerabilities or those of their vendors or potential customers and produce an easy-to-act-upon scorecard, aims to spend 2019 staffing up with aims to grow from 18 to 40 full-time employees. The fresh funding will help NormShield compete in a space filled with competitors, including the well-funded Boston-based BitSight Technologies Inc., which was founded in 2011 and has raised about $151 million in funding.
- Zacks•5 hours ago
Nordstrom Holiday Comps Up 1.3%, Stock Down on Cautious View
Nordstrom (JWN) fails to woo investors with its modest comps improvement during the holiday period. Moreover, it envisions earnings to come in at the lower end of the prior guided range.
- Market Realist•5 hours ago
Alphabet’s Waymo Now in Serious Business
What to Expect from Alphabet’s Q4 Results(Continued from Prior Part)Waymo officially entered ride-hailing marketAlphabet (GOOGL) is scheduled to report its results for the fourth quarter of 2018 on February 4, marking its first quarterly report
- Zacks•6 hours ago
How These 3 Discount Retailers Fared The Holiday Season
A robust consumer environment on account of strong job picture, higher disposable income and improved consumer confidence worked in favor of retailers.
- MarketWatch•10 hours ago
Sears Chairman Eddie Lampert prevails with strengthened bid in bankruptcy auction: Reuters
Sears Holdings Corp. Chairman Eddie Lampert prevailed in a bankruptcy auction for the struggling department store chain with an improved takeover bid of roughly $5.2 billion, Reuters reported early Wednesday, citing people familiar with the dealings. The move, if confirmed, would allow the 126-year-old retailer to keep its roughly 425 stores across the U.S. open. Lampert's bid, boosted from an earlier $5 billion, won out after a weeks-long process and a days-long auction held behind closed doors. The billionaire's latest proposal, made through his hedge fund ESL Investments, includes more cash and assumes more liabilities, the sources said, according to Reuters.
- Reuters•10 hours ago
YOUR MONEY-Can you make $100 grow into a house?
My preteen daughter earned her first dollars in 2018, so I wanted to seed her retirement account. Most financial institutions do not even want you. Dennis Nolte, a certified financial planner in Winter Park, Florida, had one of his career highlights when a couple came to thank him for his help setting up a savings plan from zero.
- Motley Fool•19 hours ago
Target's Digital Strategy Is Paying Off
Online sales continued growing rapidly during the tough holiday season.
- Zacks•yesterday
American Eagle Posts Solid Comps on Successful Holiday Feat
American Eagle (AEO) witnesses strong holiday season driven by its solid merchandising and other initiatives. It posts comps growth of 6% for fourth-quarter fiscal 2018 to date.
- TheStreet.com•yesterday
2 Retail Stocks to Buy Right Now
Let's look at two retail stocks that might look good in your portfolio right now. On Monday, the athletic apparel retailer raised its guidance for fourth-quarter earnings and revenue, igniting a 5.73% gain. In a statement, Lululemon cited "the ongoing success of our product offerings," and referenced the strong connection between the business and its loyal customers.
- Markit•yesterday
See what the IHS Markit Score report has to say about Target Corp.
# Target Corp ### NYSE:TGT View full report here! ## Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is low * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Positive Short interest is low for TGT with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $13.30 billion over the last one-month into ETFs that hold TGT are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. ## Credit worthiness Credit default swap | Negative The current level displays a negative indicator. TGT credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to score@ihsmarkit.com. 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.
- Zacks•2 days ago
Lululemon (LULU) Stock Looks Like a Buy & It Just Raised Its Q4 Guidance
Shares of Lululemon (LULU) soared as high as 8% in morning trading Monday after the yoga apparel powerhouse raised its Q4 earnings and revenue guidance.
Yahoo Finance•2 days agoVenture capitalist: Natural food is the future
AccelFoods, a venture capital fund based in New York, is investing in the future of natural foods.
Yahoo Finance•2 days agoU.S. consumers still feel good, Target CEO and former Fed Chair Yellen say
Target Chair and CEO Brian Cornell and former Federal Reserve Chair Janet Yellen believe U.S. consumer spending is still healthy at the National Retail Federation conference.
Yahoo Finance•2 days agoWalmart is thinking like a tech company as its battle with Amazon heats up
Walmart is full steam ahead on tech in 2019, two top executives tell Yahoo Finance.
- Market Realist•2 days ago
What’s the Expected Upside in Target Stock?
Target Shone during the Holidays—Why Didn't Its Stock? (Continued from Prior Part) ## Ratings and target price The majority of Wall Street analysts maintain neutral outlooks on Target (TGT) stock. Analysts expect Target to benefit from increased consumer spending. Its comps are likely to sustain momentum in the coming quarters driven by growth in its traffic. Target’s investments in price, expanded digital offerings, store remodelings, the opening of small-format stores, and exclusive brand launches are expected to support its top line growth. However, pressure on its margins is expected to hurt its stock. Among the 26 analysts providing ratings on Target stock, 16 have given it “holds,” nine have given it “buys,” and one has given it a “sell.” Analysts have a consensus target price of $82.12 per share on TGT stock, which implies a potential upside of 20.3% based on its closing price of $68.29 on January 10. ## What Wall Street recommends for TGT’s peers The majority of analysts have favorable outlooks on Costco (COST) stock. Costco continues to generate strong sales and earnings growth and outperform its peers. Among the 28 analysts following COST, 17 have given it “buy” ratings, and 11 have given it “holds.” Analysts maintain a consensus target price of $237.70 on the stock, which indicates a potential upside of 12.8%. Meanwhile, of the analysts covering Walmart (WMT) stock, 18 have given it “holds,” and 14 have given it “buys.” Analysts have a consensus target price of $106.81 on WMT, which indicates a potential upside of 12.5% based on its closing price of $94.96 on January 10. Browse this series on Market Realist: * Part 1 - Target Shone during the Holidays—Why Didn’t Its Stock? * Part 2 - What’s in the Offing for Target Stock? * Part 3 - Why Target’s Digital Sales Could Grow at a Healthy Rate
- InvestorPlace•2 days ago
Don’t Let the Rally In Bed Bath & Beyond Stock Fool You
Shares of struggling merchandise retailer Bed Bath & Beyond (NASDAQ:BBBY) surged as much as 20% after the company reported third-quarter numbers that included a bullish forecast from management. Specifically, management said that due to the early success of a few profit-optimizing initiatives, fiscal 2019 earnings are expected to be flat with fiscal 2018 earnings, and fiscal 2020 earnings are expected to be up from both. The Street had been sitting at earnings-per-share of $2 for fiscal 2018, $1.60 for fiscal 2019 and $1.40 for fiscal 2020. Thus, the guide for $2-plus EPS in fiscal 2019 and 2020 was a huge 20%-plus lift. Consequently, BBBY stock rallied 20%. But, don't let this rally fool you. Bed Bath & Beyond still missed on revenues and comparable sales in the quarter. The comparable sales miss was wide, and comps are still negative. Gross margins are still falling. So are operating margins. Profits are down, too. InvestorPlace - Stock Market News, Stock Advice & Trading Tips In other words, nothing about the current numbers warranted a 20% rally in BBBY stock. Instead, the rally was powered entirely by what management said is going to happen. Granted, management knows their business better than anyone, so the guide shouldn't be disregarded. But, it also seems ambitious given current trends. In the big picture, a lot needs to go right in order for earnings to grow over the next several years. If that does happen, BBBY stock could essentially double. But, it probably won't happen, and as such, the stock is best avoided until there's confirmation in the numbers that presently negative trends are reversing course. ### BBBY Stock: The Quarter Was Still Awful By most retail standards, Bed Bath & Beyond's third quarter was pretty bad. * 10 A-Rated Stocks the Smart Money Is Piling Into Comparable sales dropped 1.8%. The consensus was for a 0.3% drop, so that's a wide miss. It's also a 2018 low, as comps in the first two quarters of the year dropped 0.6%. Plus, it's lower than the comp drop in 2017 (down 1.3%) and 2016 (down 0.6%). In other words, comparable sales trends are still negative, and arguably only getting worse. Meanwhile, gross margins are still falling. In the quarter, gross margins fell back by 210 basis points year-over-year. Granted, that's better than the second quarter's 270 basis point compression. But, it's also worse than the first quarter's 140 basis point compression. Also, margins have come down a lot from their peak, and the fact that they are still falling by several hundred basis points year-over-year is a bearish trend. Overall, this is still a declining comp, eroding margin company with trends that aren't getting better yet. Those trends could get better. But, a lot has to go right in order for that to happen. ### A Lot Has to Go Right Bed Bath & Beyond's struggles aren't anything new. For several years, this has been a retailer with negative comparable sales growth, eroding margins, and falling relevancy in an increasingly competitive retail world. Management implied that this era is coming to an end. Specifically, due to a few profit-optimizing initiatives, management expects margins to finally stabilize and potentially even improve over the next several years. That's a tall order. Gross margins have been in perpetual decline for most of this decade due to elevated competition. That competition is only getting bigger, stronger and fiercer than ever before, with Amazon (NASDAQ:AMZN), Walmart (NYSE:WMT) and Target (NYSE:TGT) all aggressively turning into low-cost, one-stop-shop retail destinations with unparalleled convenience. In that environment, it's tough to see BBBY's gross margins heading higher. Management could cut lower margin SKUs and/or not engage in price wars with the Big Three. It seems that's what they are planning to do. That will preserve gross margin. It will also accelerate the comparable sales erosion. If comps keep falling, or start falling by more, there's no way the company can leverage operating expenses and pull down the SG&A rate. Big picture, it's tough to see BBBY stock benefiting from a trio of positive comps, rising gross margins and falling opex rates over the next several years. If you get all three, the company could reasonably do about $3 in EPS in five years. A historically average 10X forward multiple on that implies a $30 long-term price target. But, because of the aforementioned competitive risks, you likely won't get all three. Instead, you will gross margin expansion at the expense of sales growth, and that will lead to -- at best -- stable earnings. If BBBY stock is supported by stabilized $2 EPS in five years, then an average 10X forward multiple on that implies a four-year forward price target of $20. Discounted back by 10% per year, that equates to a present value for BBBY stock of between $13 and $14. * 7 Pharmaceutical Stocks That Just Raised Prices This Year That's exactly where BBBY stock trades today, so realistic growth assumptions imply shares are fairly valued here. ### Bottom Line on BBBY Stock The quarter wasn't good, the guide is promising and there's finally a light at the end of this dark tunnel for Bed Bath & Beyond stock. But, that doesn't mean it's time to buy into the stock. Instead, Bed Bath & Beyond stock seems fully valued after its post-earnings pop, and further upside will have to be confirmed by an improvement in the numbers, which hasn't happened just yet. As of this writing, Luke Lango was long AMZN and TGT. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Key Emerging-Market Stocks to Buy for Contrarian Investors * 7 Stocks at Risk of the Global Smartphone Slowdown * 7 Pharmaceutical Stocks That Just Raised Prices This Year Compare Brokers The post Don't Let the Rally In Bed Bath & Beyond Stock Fool You appeared first on InvestorPlace.
- Market Realist•2 days ago
Why Target’s Digital Sales Could Grow at a Healthy Rate
Target Shone during the Holidays—Why Didn't Its Stock? (Continued from Prior Part) ## Stellar performance so far in fiscal 2018 Target Corporation’s (TGT) digital sales have accelerated sequentially in the past couple of quarters and have grown at a rapid rate. Target’s comparable digital sales rose 28%, 41%, and 49%, respectively, in the first, second, and third quarters of 2018. Meanwhile, its digital sales rose 29% during the holiday season. Moreover, its Order Pickup and Drive Up services surged 60% during the holidays and accounted for ~25% of its digital sales. In comparison, Walmart’s (WMT) digital sales also increased sequentially in the first three quarters of fiscal 2019. Walmart’s digital sales jumped 43% during its last-reported quarter as the world’s largest retailer expanded its online grocery pickup services and offered fast doorstep delivery. ## Outlook Target’s e-commerce sales are expected to sustain momentum in the coming quarters driven by the expansion of its fast-delivery options to newer markets and growth in the membership base for Shipt. At the end of the third quarter, Target had expanded its same-day delivery through Shipt to 1,400 stores across 25 markets. To match Walmart’s and Amazon’s (AMZN) curbside pickup services, Target has grown its drive-up service to ~1,000 stores. Its ship-from-store and Restock services are likely to support its e-commerce sales growth rate. Besides its convenient fulfillment options, Target’s value pricing and focus on merchandising are expected to drive its top line growth. Continue to Next Part Browse this series on Market Realist: * Part 1 - Target Shone during the Holidays—Why Didn’t Its Stock? * Part 2 - What’s in the Offing for Target Stock? * Part 4 - What’s the Expected Upside in Target Stock?
- Motley Fool•3 days ago
Macy's Stumbles From Grace
Too-high hopes for the retailer’s holiday quarter led to a sharp sell-off, but things aren’t quite as bad as the market would have you believe.
- Benzinga•3 days ago
Analysts ID Retail Winners, Losers From Holiday Sales Numbers
Retail stocks are off to a hot start to 2019 despite mixed holiday sales numbers. Several Wall Street analysts weighed in on retail sales numbers from top stocks. Here’s a sampling of what they said. ...
- MarketWatch•3 days ago
Target will be ‘one of the top’ holiday performers: Moody’s
Target Corp. is poised to “be one of the top performers for holiday 2018,” Charlie O’Shea, Moody’s lead retail analyst, said after the retailer reported same-store sales growth of 5.7% for the November and December period.
- Market Realist•5 days ago
What’s in the Offing for Target Stock?
Target Shone during the Holidays—Why Didn't Its Stock? (Continued from Prior Part) ## TGT is likely to sustain its momentum in 2019 Target Corporation (TGT) reported strong financials in the first three quarters of 2018, and we expect it to end 2018 on a strong note and post stellar comps and EPS growth. Target is also expected to sustain the growth momentum in its sales and earnings in 2019 led by the expansion of its digital offerings. However, its growth rate is expected to slow as it faces tough YoY (year-over-year) comps. Target’s top line is expected to increase led by growth in its comps. The company’s expansion of its fulfillment options, including delivery through Shipt, Drive Up, and Order Pickup, is expected to drive its traffic. Meanwhile, store remodelings and the opening of new stores are likely to support its comps growth, as these stores generate higher sales and productivity. Target’s focus on merchandising and exclusive product launches should also drive its sales. Target managed to stabilize its bottom line in the first three quarters of 2018. A considerable fall in its effective tax rate, lower interest expenses, and share repurchases supported Target’s bottom line. We expect Target’s bottom line to continue to increase in 2019 driven by improved comps and an anticipated fall in its per-unit digital fulfillment costs. Wall Street expects Target’s top line to increase 3.1% in 2019. Meanwhile, its bottom line is expected to increase 4%. ## Stock performance in 2019 Retail stocks had wiped out most of their gains as of the end of 2018. However, these retailers started 2019 on a positive note. Target stock is up 3.3% so far this year. Meanwhile, Costco (COST), Kroger (KR), and Walmart (WMT) stocks have risen 3.4%, 3.6%, and 1.9%, respectively. Continue to Next Part Browse this series on Market Realist: * Part 1 - Target Shone during the Holidays—Why Didn’t Its Stock? * Part 3 - Why Target’s Digital Sales Could Grow at a Healthy Rate * Part 4 - What’s the Expected Upside in Target Stock?
Market Realist•5 days agoTarget Shone during the Holidays—Why Didn’t Its Stock?
Shares of Target Corporation (TGT) fell 2.9% on January 10 despite the company’s strong holiday sales numbers. Target has disappointed on the margin front over the past several quarters, primarily reflecting higher digital fulfillment costs and price investments. During the holiday season, Target’s comparable sales rose 5.7% driven primarily by the continued strength in its e-commerce platform.
- InvestorPlace•5 days ago
Buy the Big Dip Below $30 in Macy’s Stock
Preliminary 2018 holiday retail sales reports were pretty good. Widely followed reports from Mastercard and Adobe both pegged the 2018 holiday season as being a record one, powered by healthy labor conditions, rising wages, strong credit and continuing red-hot growth in the digital segment. As a result, retail stocks rebounded in a big way at the end of December and into January. During that two week stretch, the SPDR S&P Retail ETF (NYSEARCA:XRT) rallied 15%. * 7 Stocks to Buy That Are Ready for Takeoff As it turns out, though, the 2018 holiday season wasn't a big success for everyone in retail. Case in point: Macy's (NYSE:M). The department store stalwart reported holiday numbers in early January that came in well below expectations, forcing the retailer to cut its full-year revenue and profit guides. In response, Macy's stock dropped 20% to below $30. It's hard to argue against the drop. Macy's holiday numbers weren't good, and it is becoming increasingly clear that this is not the same company it was even a few years ago. Other retailers are adapting better to today's dynamic retail environment. Meanwhile, M finds itself somewhat in the gray area of decent prices and decent quality, but doesn't dominate in either category. That lack of dominance equates to a lack of moat -- and that is why consumers are so easily forgetting about Macy's. InvestorPlace - Stock Market News, Stock Advice & Trading Tips As such, the qualitative narrative here is troubled. But that doesn't mean Macy's stock is doomed. Instead, despite the troubled qualitative narrative, this is still a department store giant that has staying power due to its scale, convenience and affordable prices. That long-term staying power implies stable revenue and earnings power over the next several years. Such stability isn't priced into Macy's stock (now below $30), meaning this dip offers an interesting opportunity for contrarian investors. ### Macy's Holiday Numbers Don't Spark Much Confidence The plain and simple here is that Macy's holiday numbers weren't good. While peer Target (NYSE:TGT) -- which has been actively developing multiple omni-channel sales strategies -- reported a 5.7% comparable sales increase during the holiday period, Macy's holiday comp increase was just 1.1%. That's bad, and it speaks to just how slow Macy's has been in adapting to today's retail environment. Moreover, the 1.1% rise marks a significant slowdown from the typical 3%-and-up adjusted comps Macy's has reported all year long. Thus, the sales trajectory is worsening, not improving. Also, margins must've been hit in the quarter, because management not only revised its full year comparable sales growth guide down, but also pushed its margin and profit guides lower, too. As of three months ago, this was a positive-revenue-growth company with expanding gross margins and a stable opex rate. Now, revenue growth is expected to be flat this year, gross margins are expected to be down, and the opex rate is expected to rise. None of that is good news. However, there was one positive takeaway from the holiday report. On a two-year stack basis, comparable sales growth during the holiday period was actually as good as it's been all year. Through the first three quarters of 2018, comparable sales growth was running around 3% and up. But, the laps were in the -2% to -5% range, so the two year stack comp was never greater than 0.4%. Holiday 2018 comparable sales rose 1.1%, on top of a 1.1% gain last year. Thus, on a two-year stack basis, comparable sales rose over 2%. That's markedly better than the year-to-date trend and provides some relief and hope for bulls. ### Macy's Stock Is Reasonably Undervalued The decline in comparable sales growth as the lap got tougher in 2018 implies that this isn't a growth company. But improvement in the two-year stack comp does imply that the company has long-term staying power, since it implies sales on a two-year basis are actually fairly stable. This lines up with common sense. Macy's is a big retailer. Sure, the company is old and hasn't adjusted all that well to the digital era, but it has a huge presence, wide reach, competitive prices and offers all-in-one convenience. As a result, while these stores aren't doing more business than ever, they also aren't going away any time soon. In terms of modeling, that implies tepid sales growth over the next several years alongside flattish margins. That combination strongly implies that Macy's long-term earnings power should stabilize somewhere around $4 per share. The market won't pay a big multiple for that. Historically, Macy's stock trades around 11 times forward earnings. Let's say $4 per share is sustainable in five years. That implies a $44 price target in four years. Discounted back by 10% per year, that implies a price target today of $30. Thus, under $30, Macy's stock looks reasonably undervalued -- even under the assumption that revenues and earnings are simply stable over the next several years. * 7 Stocks at Risk of the Global Smartphone Slowdown ### Bottom Line on M Stock Macy's holiday report was ugly, and not the sort of report that gets bulls excited. But, below $30, all you need for Macy's stock to work is stability in the company's operations and profits over the next several years. That seems doable, making this dip look like a contrarian buying opportunity. As of this writing, Luke Lango was long M and TGT. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks You Can Set and Forget (Even In This Market) * 10 Virtual Assistants for the Future of Smart Homes * 7 5G Stocks to Buy as the Race for Spectrum Tightens Compare Brokers The post Buy the Big Dip Below $30 in Macyas Stock appeared first on InvestorPlace.
- American City Business Journals•5 days ago
Target introduces Kona Sol, an exclusive swimwear brand
Target Corp. is introducing its newest exclusive brand, Kona Sol, an in-house brand of swimsuits available both in store and online.
