Target CEO Brian Cornell said there's no room for price gouging in the competitive retail landscape. Cornell was asked whether the tactic boosted Target's profits, after Democratic presidential candidate Kamala Harris outlined a plan to stop price gouging.
Target will report earnings before the bell on Wednesday. Sales at the cheap chic retailer have gotten hit as consumers buy less discretionary merchandise.
Target is scheduled to report earnings before Wednesday's open. The stock hit a record high of $268.98/share in 2021 and is currently trading near $144.
A focus on value for consumers and private-label items could help Target Corporation TGT win market share and boost shares, analysts say ahead of a second-quarter earnings report coming Wednesday before the market opens.
Target (NYSE: TGT), the second-largest discount chain in the U.S., is scheduled to report its fiscal second-quarter results on Wednesday, August 21. We expect Target's stock to likely trade higher past Q2 results due to revenues and earnings beating expectations.
Let's see if it's time to buy Target's (TGT) stock as its Q2 results approach on Wednesday, August 21.
Target (NYSE:TGT) is expected to show a return to year-over-year sales growth for the fiscal second quarter when it reports its latest earnings before the stock market opens on Wednesday, August 21. Analysts at Bank of America expect to see comparable sales growth of 1% compared to a 3.7% decline in the fiscal first quarter based on observed sales data, given easier comparisons and its value focus.
Morgan Stanley downgraded HP Inc (NYSE:HPQ) to "equal weight" from "overweight" earlier, citing the company's high valuation while noting PC market recovery is already priced into the shares.
Target is set to report Q2 results with a potential inflection point, aiming for flat to 2% comparable sales growth. I will be monitoring recent price reductions and the effects on sales and earnings, along with management commentary on Target Circle Week and the back-to-school season outlook. Despite bullish sentiment elsewhere, I maintain a neutral view on TGT stock heading into the earnings release.
Federal Reserve chair Jerome Powell will speak from Jackson Hole on Friday. Plus, earnings from Target, Lowe's, Analog Devices, and more.
Fed Chairman Jay Powell expected to set the stage for a September rate cut at Jackson Hole symposium. Goldman Sachs lowers U.S. recession probability to 20% due to favorable macro data.
Beyond analysts' top -and-bottom-line estimates for Target (TGT), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended July 2024.