Target Corporation (TGT)
S&P 500 Gains and Losses Today: Target Stock Tumbles as Earnings Miss the Mark
Major U.S. equities indexes were mixed and little changed on Wednesday as Nvidia (NVDA) prepared to disclose quarterly results after the closing bell.
Target's earnings disappoint
Target's third quarter earnings report fell short of Wall Street analysts forecast, a quarter after the retailer increased its full year guidance. For the third quarter, the retailer pointed to weaker sales of discretionary categories and higher costs associated with a port strike for the disappointing quarter.
3-Stock Lunch: Target, Williams-Sonoma and Palo Alto
Bill Strazzulo, Bell Curve Trading chief market strategist, joins 'Power Lunch' to discuss stock plays for three stocks.
Target CEO says shoppers are stretched and waiting until 'the last moment of need' to buy items
Target's third-quarter results came up short, with sales growth of 0.3% from last year. The company described a shift in consumer spending from "resilient" to "resourceful.
Why Target Stock Is Getting Crushed Today
Why Target Stock Is Getting Crushed Today
Target CEO Says Consumer Budgets Are Being ‘Stretched'
As economic uncertainty and rising costs continue to impact consumers, shoppers are more cautious with their spending, according to Target CEO Brian Cornell. Faced with a volatile financial landscape, many are making deliberate purchasing decisions, prioritizing essentials and seeking value.
Target Shoppers Are Waiting to Buy, Questing for Deals, and Stocking Up
Inflation-wary Target shoppers are watching for sales, and stocking up on discounted items, Target said. People haven't had such a strong reaction to promotions in a while, the retailer said.
Target Margins And Inventory Issues Raise Analyst Caution After Weak Q3 Performance
Target Corporation TGT shares are trading lower on Wednesday after it reported weak third-quarter results and slashed FY24 outlook.
Target Corp. Shares Slide On Soft Update Heading Into Holiday Season
Target Corp. has reported disappointing third-quarter earnings and revenue despite price-cutting efforts across the board and early holiday promotions.
Target poised for market share gains despite short-term challenges, analysts believe
Target Corp (NYSE:TGT) remains well-positioned in the long term as consumer spending rebounds, analysts at Jefferies have reiterated after the retailer's shares tanked more than 20% on a disappointing quarterly report with weak holiday period guidance. Target on Wednesday guided Q4 flat comparable sales, below the consensus of 1.3%, and adjusted earnings per share (EPS) in the range of $8.30 to $8.90, below Street estimates of $9 to $9.70.
'Messy quarter' for Target, margin headwinds may continue, says Bernstein's Zhihan Ma
Zhihan Ma, Bernstein analyst, joins CNBC's 'Money Movers' to discuss how concerned investors should be about Target's earnings miss, whether the company should change their mix of food and retail, and more.
Chart of the Day: Target
Target shares are plunging today after earnings. The company said it's cutting their 2024 forecast.
