Target Stock News

Target press release (TGT): Q4 Non-GAAP EPS of $3.19 beats by $0.34.Revenue of $31B (+9.4% Y/Y) misses by $380M.Shares +1.1% PM.Comparable traffic grew 8.1 percent on top of 6.5…

MINNEAPOLIS, March 1, 2022 /PRNewswire/ -- Q4 2021 Highlights Comparable sales grew 8.9 percent, on top of 20.5 percent in Q4 2020. Comparable traffic grew 8.1 percent on top of 6.5 percent in Q4 2020. More than 95 percent of Target''s fourth quarter sales were fulfilled by its stores. EPS…

Target Corp. announced Monday that it will lift its starting wage range to $15 to $24. Nearly two years ago, Target raised its starting pay to $15. The new pay range will apply to all hourly workers across stores, the supply chain and more, and puts the retailer in a position to be a "wage leader in every market where it operates," the company said in a statement. A new hire''s starting pay will depend on the position and the local market. Target is also expanding its health benefits alongside the new cycle in April. Hourly workers who clock 25 hours or more will now be eligible to enroll in the medical plan, down from 30 hours. Access to the medical plan will now begin three to nine months sooner. And there are new benefits, including no-cost virtual physical therapy and enhanced fertility benefits. Target will invest up to $300 million on these changes. The announcement comes ahead of the company''s investor event, taking place on Tuesday. Target stock is up 8.6% over the past year while the S&P 500 index has gained 15.1%.

The South Carolina Supreme Court recently decided Garrison v. Target Corporation in which it interpreted South Carolina’s statutory cap on punitive damages…. By: Nelson Mullins Riley & Scarborough LLP

Target Corp. said Wednesday that it will add the option for placing a Starbucks order and making a return at the curbside pickup service in select markets, starting in the fall. Customers will be able to place a Starbucks order or start the return in the app, and the full order will be available when they arrive at the store. The goal is to continue to grow the capabilities of the company''s stores as fulfillment hubs. "As the company''s digital business has more than doubled during the last two years, Order Pickup, Drive Up and Same-Day Delivery with Shipt have accounted for more than half of those sales," the company said in a statement. The retailer is also adding categories of items to the "backup" capability, which allows customers to include a second choice in case some items are unavailable. The option was first available for food and beverage. Target stock is up 5.4% over the last year while the S&P 500 index has gained nearly 11%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.

Target Corp. undefined said Wednesday that it will add the option for placing a Starbucks undefined order and making a return at the curbside pickup service

Walmart Bucks Surging Costs, Supply Chain Chaos With Strong Results And Outlook, $10 Billion Stock Buyback Walmart reported Q4 earnings which again topped estimates on Thursday after shoppers turned to the retailer for groceries and gifts over the holidays and said it’s focused on value as some customers grow nervous about inflation. The company also raised its dividend by a cent to 56 cents per share, and unveiled a new buyback of at least $10 billion for fiscal 2023; Looking ahead the largest US bricks and mortar retailer unveiled an upbeat sales outlook for the current fiscal year despite persistent cost pressures and flagging consumer sentiment Here is what the company reported for the fourth quarter: Revenue $152.87 billion, +0.5% y/y, beating the estimate $151.67 billion Total U.S. comparable sales ex-gas +6.3%, in line with the estimate +6.31% Walmart-only U.S. stores comparable sales ex-gas +5.6%, beating the estimate +5.5% Sam''s Club U.S. comparable sales ex-gas +10.4%, beating the estimate +9.84% Walmart-only U.S. comparable ticket +2.4%, missing the estimate +2.75% Walmart-only U.S. comparable transactions +3.1%, missing the estimate +3.5% Change in U.S.

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RBC Capital Markets starts off coverage on Target Corporation (TGT) with an Outperform rating and calls its a top pick in the retail sector. Read more.

American consumers will drive less this year and will look to make fewer shopping trips due to the high gasoline prices and high inflation rates, Target Corporations chief executive Brian Cornell said this weekend. Some of the historical ways consumers react to inflation will play out again in 2022, Cornell said during the National Retail Federations Big Show in New York on Sunday, as carried by Bloomberg. Youll drive fewer miles, youll consolidate the number of times and locations where you shop,

BMO Capital analyst Kelly Bania has an Outperform rating on Target Corporation (NYSE:TGT) stock with a price target of $275.

Raymond James Financial Services Advisors Inc. grew its position in Target Co. (NYSE:TGT) by 1.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 437,203 shares of the retailer’s stock after purchasing an additional 4,526 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Target were worth $100,040,000 at the end of […]

Baker Tilly Wealth Management LLC grew its stake in shares of Target Co. (NYSE:TGT) by 1.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 6,317 shares of the retailers stock after purchasing an additional 61 shares during the quarter. Baker Tilly Wealth Management LLCs holdings in Target were worth $1,445,000 at the end []

Target Corporation (NYSE:TGT) at last check was buoying at $219.41 on Thursday, December 23 with a rise of 0.77% from its closing price on previous day. Taking a look at stock we notice that its last check on previous day was $217.74 and 5Y monthly beta was reading 1.02 with its price kept floating in Target Corporation (TGT) Forecast: Revisiting The Past To Gain Insights For The Future Read More »

AE Wealth Management LLC lifted its stake in Target Co. (NYSE:TGT) by 12.4% in the third quarter, Holdings Channel.com reports. The firm owned 65,071 shares of the retailer’s stock after acquiring an additional 7,204 shares during the quarter. AE Wealth Management LLC’s holdings in Target were worth $14,886,000 as of its most recent SEC filing. […]