|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||55.72 - 58.74|
|52 Week Range||48.56 - 79.33|
|PE Ratio (TTM)||11.75|
|Earnings Date||Nov 14, 2017 - Nov 20, 2017|
|Forward Dividend & Yield||2.48 (4.18%)|
|1y Target Est||58.62|
Target Black Friday 2017 sales are now live and there are big savings on iPhones, Galaxy smartphones, the Xbox, PS4 and 4K HDTVs...
Wall Street pulled back from recent highs in the past week even as the Republicans' tax bill made progress in the House and retailers rallied on better-than-expected earnings.
Target (TGT) reported sales of $16.7 billion in fiscal 3Q17, which beat analysts’ estimate of $16.6 billion and rose 1.4% on a YoY (year-over-year) basis.
On Wednesday, Target Corporation (NYSE:TGT) CEO Brian Cornell gave an upbeat assessment of his company’s quarterly results. Note that TGT stock plunged 8%. The company reported a 0.9% increase vs the consensus estimate of 0.4%.
Target (TGT) had better-than-expected bottom-line results for fiscal 3Q17. Target’s earnings of $0.91 per share surpassed analysts’ expectation of $0.86.
Target reported better-than-expected earnings, but it came at a high price, with analysts saying it will take a long time for growth to build.
Target announced stronger-than-expected fiscal 3Q17 results on November 15. Its stock fell 9.9% to $54.16 due to the soft outlook for the holiday season.
Wal-Mart beat Q3 forecasts Thursday and gave upbeat holiday-quarter guidance, a day after rival Target gave disappointing views for that crucial shopping season.
U.S. equities are slid lower Wednesday, the seventh day in a row that the averages opened to the downside. While large-caps are doing their best to hang tough, the small-cap stocks in the Russell 2000 have returned to levels last seen in September — capping a two-month downtrend.
If you’re planning on adding a side of shopping to your Thanksgiving, there will be plenty of retailers open to accommodate you. With so many customers shopping online these days, retail analysts say the impact of hosting shopping days on Thanksgiving and Black Friday is waning compared to years past. Add in the deals offered on Cyber Monday, and many customers just don’t see the point of battling crowds to get their holiday shopping done.
Target (NYSE: TGT) announced solid third quarter results on November 15, as both its revenue and earnings per share came in ahead of market expectations. However, the company’s stock fell by almost 10% in trading due to a disappointing outlook for the holiday season.
Far from the reaction to the Target Corporation (NYSE:TGT) earnings, Wal-Mart Stores Inc (NYSE:WMT) reported earnings and Wall Street loved what they saw. WMT stock is up 4% on the headline as it beat expectations and raised future guidance. In a sector that has been decimated by Amazon.com, Inc. (NASDAQ:AMZN), Walmart is a star.
Former JC Penney CEO Ron Johnson looks at what's wrong with department stores. Is big box the best bet? The Fast Money traders discuss.