116.90 -0.02 (-0.02%)
After hours: 7:27PM EST
|Bid||116.71 x 1000|
|Ask||116.92 x 800|
|Day's Range||116.17 - 117.79|
|52 Week Range||69.07 - 130.24|
|Beta (5Y Monthly)||0.56|
|PE Ratio (TTM)||18.70|
|Earnings Date||Mar 02, 2020 - Mar 08, 2020|
|Forward Dividend & Yield||2.64 (2.27%)|
|Ex-Dividend Date||Feb 16, 2020|
|1y Target Est||135.57|
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.
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.
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.
"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.
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.
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.
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.
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.
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.
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.
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 (KR) Restock program and initiatives to expand in the grocery space look impressive. This is likely to improve identical supermarket sales.
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.
Target slashed its Q4 same-store sales guidance after reporting weak holiday sales as online growth slowed, while toys and electronics sales disappointed.
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.
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 ...
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 stock fell 7% after the retailer said it was challenged in key holiday season categories, like electronics and home.
Target Corporation (NYSE: TGT ) was among the hottest retailers heading into the 2019 holiday season. So when the company reported disappointing holiday results on Wednesday, the stock tumbled. So what ...
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.
Target is tumbling after a disappointing holiday season. The retailer's same-store sales rising only 1.4% between November and December compared to a growth rate of 5.7% a year ago. Retail Expert Erin Sykes breaks down what this means for Target moving forward. Yahoo Finance's Zack Guzman & Sibile Marcellus join in on the conversation.