|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||67.77 - 70.21|
|52 Week Range||48.56 - 78.70|
|PE Ratio (TTM)||12.73|
|Forward Dividend & Yield||2.48 (3.60%)|
|1y Target Est||N/A|
Stocks sank on Friday after President Donald Trump moved to slap tariffs on up to $60 billion worth of China-made goods.
While a Target-Kroger merger seems to be off the table for the moment, there's at least reason to believe that it could benefit both companies.
Are retail giants Kroger (KR) and rival Target (TGT) poised for a $57 billion mega-merger? The stocks then fell back, before rallying again, as other reports—also citing unnamed sources—poured cold water on the idea. Analyst Rupesh Parikh at Oppenheimer says the likeliest combination is just a partnership involving Shipt, the same-day home delivery service that Target recently acquired.
A new report suggests that retailing giants Target and Kroger are talking about potentially merging. Kroger isn't commenting and Target isn't responding, but a combination of the two companies could help bolster their position against the growing threat of Amazon.
In February 2018, Target Corporation (NYSE:TGT) released its most recent earnings announcement, which indicated that the company experienced a slight tailwind, eventuating to a single-digit earnings growth of 9.70%. BelowRead More...
Earlier on Friday, tech focused magazine Fast Company reported that the companies are in possible merger talks, sending the shares of both companies higher. Kroger has a market cap of $20.62 billion and Target $37.12 billion. Shares of Target are up 1.5 percent at $70.
Among the companies with shares expected to trade actively in Friday's session are Boeing, Alphabet, Facebook, Dropbox, Kroger, Nike and Micron.
Could Wilbur Ross be Right about Tariffs? The Dow (DIA) dropped 700+ points and the S&P500 (SPY) went negative on the year. And it seemed rightfully so. We already have the steel tariff, and yesterday President Trump announced tariffs on China for goods that could total up to $60 billion. But cool headed octogenarian Wilbur Ross said don’t worry, they may retaliate, but it won’t be much. And do you know he was right? Overnight China announced retaliatory tariffs on only $3 billion of US goods. We also learned that some EU countries are exempt from the steel tariff. So until the next shot is fired (likely from an emboldened Trump), the market looks like it overreacted yesterday. The futures seem to agree as they have wiped away their large overnight losses, and the DOW looks to open up.
Shares of Target Corp. and Kroger Co. jumped 2.7% and 6.9% respectively on a report from Fast Company that the two companies are in merger talks. The retailers began discussions last summer about a partnership, ...
When it comes to fashioning a turnround, Target insists it is “playing our own game”. It should stick to playing alone. On Friday, reports surfaced that the bargain chic discounter was pondering a tie-up ...
Target Corp. could add $600 million in sales from the Toys 'R' Us store closings, according to a report from Credit Suisse. Their analysis shows 90% of Toys 'R' Us stores and 96% of Babies 'R' Us stores ...
Mar.23 -- Bloomberg's Ed Hammond discusses the report that Kroger Co. may be considering a merger with Target Corp. He speaks with Bloomberg's Scarlet Fu and Lisa Abramowicz on "Bloomberg Markets."
The "Squawk on the Street" crew talks about false reports of a merger between Target and Kroger and whether it would make sense.
CNBC's Courtney Reagan reports the latest on headlines around a possible deal between Target and Kroger. However, sources say the retailers met about the partnership with Shipt.