|Bid||69.27 x 800|
|Ask||90.10 x 800|
|Day's Range||84.55 - 86.07|
|52 Week Range||54.04 - 90.39|
|Beta (3Y Monthly)||0.72|
|PE Ratio (TTM)||15.03|
|Earnings Date||Nov 20, 2018|
|Forward Dividend & Yield||2.56 (3.03%)|
|1y Target Est||89.01|
Walmart continues to scale back its most legendary store format, the supercenter. The world's largest retailer also issued a profit warning for 2018 on Tuesday.
While the shop is roughly 55,000 square feet – less than half of the size of Target’s traditional big-box locations – it’s been formatted so shoppers will find it just as hard to make a quick run into the store without filling their carts.
Shares of Dollar Tree (DLTR) soared nearly 7% Tuesday on the back of a report that said activist billionaire investor Carl Icahn is amassing a significant stake in the discount retail firm. With that said, the holiday shopping season looks to be strong amid sky-high consumer confidence. So, let's take a look at three other discount retail stocks that seem like they might better buys right now.
Target Corp will dedicate nearly a quarter of a million square feet of new space to its toy business across 500 of its stores, the retailer said on Tuesday, part of an effort to win more holiday sales. The discount chain's customers will also be able to shop more than 2,500 new and exclusive toys, Mark Tritton, Target’s executive vice president and chief merchandising officer told reporters on a call. Target's moves come at a time when rival Walmart Inc is also trying to win more toy sales.
Target Corp (TGT.N) will dedicate nearly a quarter of a million square feet of new space to its toy business across 500 of its stores, the retailer said on Tuesday, part of an effort to win more holiday sales. The discount chain's customers will also be able to shop more than 2,500 new and exclusive toys, Mark Tritton, Target’s executive vice president and chief merchandising officer told reporters on a call. Target's moves come at a time when rival Walmart Inc (WMT.N) is also trying to win more toy sales.
MINNEAPOLIS, Oct. 16, 2018 /PRNewswire/ -- Target Corp. (TGT) today unveiled its plans for creating an unbeatable toy experience for shoppers this holiday season. The retailer is adding nearly a quarter-million square feet of new space for toys across more than 500 stores and will complete remodels of toy departments in more than 100 stores. Additionally, Target will host nearly 25,000 hours of family-friendly store events, and is introducing a new toys hub on Target.com, as well as a digitally enabled kids' gifting catalog.
Target has added space for toys, remodeled existing stores and upgraded its online toy hub in order to grab market share left by Toys ‘R’ Us’ demise.
Grocery delivery startup Instacart on Tuesday said it has raised $600 million in its latest funding round, adding to its war chest as it competes against heavyweights like Amazon.con Inc and valuing the company at $7.6 billion. The San-Francisco-based company has been steadily growing in the last few years, helped by partnerships more than 300 retailers including Walmart, Aldi Inc and Kroger Co. The latest funding was led by investment firm D1 Capital Partners, raising Instacart's funding till date to more than $1.6 billion.