TGT - Target Corporation

NYSE - NYSE Delayed Price. Currency in USD
116.92
+0.60 (+0.52%)
At close: 4:04PM EST
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Previous Close116.32
Open116.49
Bid116.71 x 1000
Ask116.92 x 800
Day's Range116.17 - 117.79
52 Week Range69.07 - 130.24
Volume6,638,109
Avg. Volume5,297,324
Market Cap59.248B
Beta (5Y Monthly)0.56
PE Ratio (TTM)18.70
EPS (TTM)6.25
Earnings DateMar 02, 2020 - Mar 08, 2020
Forward Dividend & Yield2.64 (2.27%)
Ex-Dividend DateFeb 16, 2020
1y Target Est135.57
  • Barrons.com

    Bed Bath & Beyond is Ready to Rally Under a New CEO, Meryl Witmer Says

    Bed Bath & Beyond won’t be an overnight success. But new CEO Mark Tritton can build a strong omni-channel retailer, Meryl Witmer of Eagle Capital Partners argues.

  • Barrons.com

    Target Missed the Mark This Week. Buy the Dip.

    Target (ticker: TGT) offered investors an update about holiday sales on Wednesday that underwhelmed Wall Street and sent the stock lower. Same-store sales rose just 1.4% in the fourth quarter, behind its own projections for 3% to 4% growth and analysts’ expectations for 3.7% growth. At these levels, the stock trades at 17 times earnings expectations for the next four quarters, below the S&P 500, which trades at 18.6 times.

  • GuruFocus.com

    Target Records Sluggish 2019 Holiday Sales

    The discount retailer saw weak sales of electronics, toys and home during the holiday period Continue reading...

  • Christmas Left Too Many Toys Behind in Target’s Aisles
    InvestorPlace

    Christmas Left Too Many Toys Behind in Target’s Aisles

    A Christmas sales miss by Target (NYSE:TGT) put coal in many corporate stockings.Source: Robert Gregory Griffeth / Shutterstock.com The company said comparable-store sales grew just 1.4% during the Christmas season, with toy sales flat and electronics down 6%. The retailer maintained its earnings guidance.Shares fell anyway, by nearly $9 or 7%. Target stock opened Jan. 17 below $117, with a market capitalization of about $59 billion.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTarget wasn't the only stock traders tossed aside. Toy makers in particular were hammered, although both Hasbro (NASDAQ:HAS) and Mattel (NASDAQ:MAT) later recovered. Morgan Stanley even warned about mighty Walmart (NYSE:WMT), although not for the reason I had.Should Target shareholders panic and run for the exits? Or is this a buying opportunity? What's Going On?Shareholders have been taking profits on Target since early December, but little has changed.The company's strategy of building high-quality store brands continues to work, with rivals like Kohl's (NYSE:KSS) being downgraded. * 7 Small-Cap Stocks That Are Not Worth a Second Glance The strategy is based on the realization that just putting stuff on sale no longer works. But Target can't make iPhones or PCs. Electronics was the department that took the hardest hit, and it was the most popular category with children.Unable to throw Apple (NASDAQ:AAPL) under the bus because of the Target miss, analysts decided to toss the toy makers. They had been expecting better results after the Toys "R" Us bankruptcy, they didn't pay attention when toy makers themselves trimmed their lines and they ignored an Amazon (NASDAQ:AMZN) announcement that its toy sales were strong. What's the Problem?Many analysts gave Target a mark of "A" for its performance during the holiday season, noting that online sales were up 19%.But there is a problem. Target has become known as a soft goods retailer. People go to Target for clothes.This means there are Target brands that may not be performing, like Opalhouse, Project 62 and Room Essentials. The company's release on Christmas said its home goods, as well as toy sales, were flat. Target now has 41 such brands, in clothes, food, pet supplies and personal care. It also has 10 "exclusive brands" for which it's the only outlet, including two wine brands.There are two ways to look at this. The glass half-full crowd will say that Target has gotten women, especially high-income women, into the store. The glass half-empty crowd will complain that it's not getting enough of their money.For most consumers there are different kinds of shopping. There's clothes shopping, which is seasonal, personal and occasional. Target is doing great there. Then there's weekly shopping, the daily grind of groceries and related products, of filling out a list. This is where Target remains weak. Not all Target stores have grocery departments, and those that do have limited choices. Target's not a food store, in the way Kroger (NYSE:KR), Walmart or even Costco (NASDAQ:COST) are food stores. The Bottom Line on Target StockTarget CEO Brian Cornell is in the position of a football coach who has had a great season and now sees top assistants being poached by losing teams. An example is former chief merchandising officer Mark Tritton, hired away by Bed, Bath & Beyond (NASDAQ:BBBY).Cornell is building a new team and must develop new ideas to keep Target growing. It's not about rebuilding but reloading. Investors want to see whether Target can defend its new success against its own people, and how it will expand the beachhead it has established.With a dividend yield now over 2.2%, and a price-to-earnings ratio of 18.7, Target stock is fully priced, but its weakness makes it a good speculation for income investors seeking long-term defensive plays.Dana Blankenhorn is a financial and technology journalist. His latest book is Technology's Big Bang: Yesterday, Today and Tomorrow with Moore's Law, essays on technology available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AAPL, AMZN and BBBY. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The Top 5 Dow Jones Stocks to Buy for 2020 * 7 Fintech ETFs to Buy Now for Fabulous Financial Exposure * 3 Tech Stocks to Play Ahead of Earnings The post Christmas Left Too Many Toys Behind in Target's Aisles appeared first on InvestorPlace.

  • Online Shoppers Help End 2019 Holiday Season on a Strong Note
    Zacks

    Online Shoppers Help End 2019 Holiday Season on a Strong Note

    The 2019 holiday season mirrors gains from increased investments and opportunities in the retail sector. The online channel continues to be the preferred shopping medium for customers.

  • Benzinga

    Gap Shares Surge As Company Pulls Plan To Make Old Navy A Separate Company

    "The plan to separate was rooted in our commitment to value creation from our portfolio of iconic brands," Gap's CEO Robert Fisher, said in a statement. Gap's shares closed 3.85% higher at $18.61 on Thursday.

  • Reuters

    US STOCKS-S&P 500 blasts through 3,300 as tech stocks surge

    The S&P 500 rallied through the 3,300 mark for the first time on Thursday and the other main U.S. indexes also surged to record highs, fueled by tech stocks, solid retail sales data and upbeat quarterly earnings from Morgan Stanley. Morgan Stanley jumped 6.6% to lead the S&P 500 after it beat quarterly profit estimates and raised its performance goals, closing out several big U.S. lenders' earnings on a strong note.

  • Reuters

    US STOCKS-S&P 500 cracks 3,300 on strong bank earnings and retail data

    The S&P 500 hit the 3,300 mark for the first time on Thursday and the other main U.S. indexes also broke record highs, fueled by solid retail sales data and upbeat Morgan Stanley earnings. Morgan Stanley jumped 7.5% to lead the S&P 500 after it beat quarterly profit estimates and raised its performance goals, closing out several big U.S. lenders' earnings on a strong note.

  • Reuters

    US STOCKS-S&P 500 breaches 3,300 mark on strong Morgan Stanley earnings, retail data

    The S&P 500 crossed the 3,300 mark for the first time and the other main indexes hit record highs on Thursday, as encouraging retail sales data and upbeat Morgan Stanley earnings added to optimism from the signing of an initial U.S.-China trade deal. The Wall Street bank jumped 8% to the top of the S&P 500 after it beat quarterly profit estimates and raised its performance goals, closing out big U.S. lenders' earnings on a strong note.

  • Reuters

    UPDATE 1-U.S. holiday sales rise 4.1% in 2019 on strong online sales - NRF

    U.S. holiday sales rose 4.1% in 2019 from a year earlier, as steady wage and jobs growth encouraged shoppers to splurge on groceries, beverages and furniture, the National Retail Federation (NRF) said https://bit.ly/2tqKJRv on Thursday. The U.S. retail group said holiday sales, excluding automobile dealers, gasoline stations and restaurants, rose to $730.2 billion, largely above the midpoint of its forecast of 3.8% to 4.2% growth, and up from a modest 2.1% growth last year. "This was a healthy holiday season, especially compared with the decline in retail sales we saw at the end of the season in 2018," NRF Chief Economist Jack Kleinhenz said, noting that trade policy turmoil, a government shutdown and financial market volatility took a toll on the industry.

  • Reuters

    US STOCKS-S&P 500 crosses 3,300 on upbeat Morgan Stanley earnings, retail data

    The S&P 500 crossed the 3,300 mark for the first time and other stock indexes hit record highs on Thursday, as encouraging retail sales data and upbeat Morgan Stanley earnings fueled a rally following the signing of an initial U.S.-China trade deal. The Wall Street bank jumped 7.6% to the top of the S&P 500 after it beat quarterly profit estimates and raised its performance goals, closing out big U.S. lenders' earnings on a strong note.

  • Benzinga

    Another Bank Beats: Morgan Stanley Latest To Exceed Expectations On Strong Trading

    Morgan Stanley (NYSE: MS) became the latest big bank to open its books Thursday morning as the company easily beat analysts’ estimates on both revenue and earnings per share. Overall, the six biggest banks did a pretty good job kicking off earnings season, though it wasn’t a perfect performance considering continued struggles at Wells Fargo & Co (NYSE: WFC) and a big charge taken by Goldman Sachs Group Inc (NYSE: GS). Four of the six beat analysts’ earnings and revenue estimates, however.

  • Target Posts Soft Holiday Sales, Trims Comparable Sales View
    Zacks

    Target Posts Soft Holiday Sales, Trims Comparable Sales View

    Soft sales across key seasonal merchandise categories hurt Target's (TGT) holiday sales. The company now expects fourth-quarter comparable sales to rise in line with its November/December performance.

  • Kroger's Restock Strategy, New Product Lines to Aid Top Line
    Zacks

    Kroger's Restock Strategy, New Product Lines to Aid Top Line

    Kroger's (KR) Restock program and initiatives to expand in the grocery space look impressive. This is likely to improve identical supermarket sales.

  • Why Target's holiday letdown 'is like getting an A instead of an A+'
    Yahoo Finance

    Why Target's holiday letdown 'is like getting an A instead of an A+'

    The retailer’s stock tumbled after reporting same-stores sales gained only 1.4% during the holiday shopping season, slowing from a growth rate of 5.7% the year prior.

  • Investing.com

    Gold Prices Slip as Strong U.S. Data Dent Haven Demand

    Together with a report from the National Association of Home Builders showing confidence still close to a 20-year high, the data painted a picture of an economy still cruising as election year kicks off. By 10:55 AM ET (1555 GMT), gold futures for delivery on the New York COMEX exchange were down 0.2% at $1,550.75 a troy ounce. Figures released by the Commerce Department showed retail sales rose a solid 0.3% in December, in line with forecasts.

  • XPO Logistics explores sale or spin-off of one or more of its businesses
    Yahoo Finance

    XPO Logistics explores sale or spin-off of one or more of its businesses

    XPO Logistics CEO Bradley Jacobs is looking to take shareholder value creation to the next level.

  • Target Stock Flashes Sell Signal As Holiday Flop Hits Outlook, Key Executive Retires
    Investor's Business Daily

    Target Stock Flashes Sell Signal As Holiday Flop Hits Outlook, Key Executive Retires

    Target slashed its Q4 same-store sales guidance after reporting weak holiday sales as online growth slowed, while toys and electronics sales disappointed.

  • Is Target Stock A Buy Right Now, After Updating Its Q4 Holiday Sales Guidance?
    Investor's Business Daily

    Is Target Stock A Buy Right Now, After Updating Its Q4 Holiday Sales Guidance?

    Despite pressure from rival retailers, Target remains a leader in its group. Here is what the fundamentals and technical analysis say about buying Target stock now.

  • ETF Trends

    Retail Sector ETFs Face Lackluster Holiday Sales This Earnings Season

    Retail sector ETFs may be in for a rough earnings season after disappointing holiday sales last quarter. Poor holiday sales could drag on traditional retail sector-related ETFs, such as the SPDR S&P Retail ...

  • Holiday Sales Are Not Impressing Investors
    Zacks

    Holiday Sales Are Not Impressing Investors

    With earnings season in full swing, investors start to get some reports about the most recent holiday sales. We break it down to understand whats going on in the retail industry.

  • Target’s holiday weakness in electronics drags down Best Buy’s stock
    MarketWatch

    Target’s holiday weakness in electronics drags down Best Buy’s stock

    Target’s stock fell 7% after the retailer said it was challenged in key holiday season categories, like electronics and home.

  • Target shares tank after reporting weak holiday sales
    Yahoo Finance Video

    Target shares tank after reporting weak holiday sales

    Shares of Target fell sharply on Wednesday, after the retailer reported weaker-than-expected holiday sales. Yahoo Finance Editor-in-Chief Andy Serwer joins The Final Round to discuss what went wrong for the company during the holiday season.