Target NYSE: TGT is not out of the weeds, but the signs are unmistakable. The market for its stock is bottoming.
Target (TGT -0.49%) reported earnings this week, and the company's growth was once again low single digits. But this is now a profitable company trading at a great value, so is the stock a buy now?
Target (TGT) reported favorable Q4 results yesterday but has seen its stock dip 3% after the omnichannel retail giant issued cautious guidance.
Target Corporation (NYSE:TGT ) Q4 2024 Earnings Conference Call March 4, 2025 9:00 AM ET Company Participants Brian Cornell - Chief Executive Officer Michael Fiddelke - Executive Vice President, Chief Operating Officer Jim Lee - Executive Vice President, Chief Financial Officer Rick Gomez - Executive Vice President, Chief Commercial Officer Cara Sylvester - Executive Vice President, Chief Guest Experience Officer John Hulbert - Vice President, Investor Relations Conference Call Participants Michael Lasser - UBS Simeon Gutman - Morgan Stanley Chris Horvers - JP Morgan Karen Short - Melius Research Cristina Morales - Signum Research Paul Lejuez - Citi Zhihan Ma - Bernstein John Hulbert Good morning everyone and welcome to our 2025 financial community meeting. I want to start by thanking all of you for spending some time with us today.
Major grocery retailers are on tap after Target said higher produce prices from Trump tariffs could come in days. Costco earnings are due late Thursday.
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It's a triple whammy for the retailer as it emerges from a brutal year plagued by low spending and prepares for possible cost increases under President Trump's tariffs.
Target and Best Buy, two of the country's largest retail chains, warned their prices will increase after President Donald Trump's 25% tariffs on goods from Mexico and Canada went into effect on Tuesday, sending the stock market plunging more than 650 points and shooting shock waves through the financial system. Adding fuel to the fire, Trump also said he would double tariffs on all Chinese imports from 10% to 20%.
Just as Best Buy Co Inc BBY and Target Corp TGT gear up for a turnaround, tariffs are threatening to spoil the party.
TGT's strategy focuses on innovation, digital expansion and customer experience to drive growth and strengthen its market position by fiscal 2030.
Target just reported fourth quarter net sales declined 3% and warned that February topline performance was “soft,” after civil rights leaders called for a Target boycott in Black History Month for changing its position on DEI, followed by a sharp drop in traffic to Target stores and website during the Feb. 28 Economic Blackout.
Sales and profits slipped for Target during the crucial holiday quarter as customers held back on spending and the company said there will be “meaningful pressure” on its profits to start the year because of tariffs and other costs.The retailer beat most estimates, however, and shares rose slightly before the opening bell Tuesday.Target reported net income of $1.1 billion, or $2.41 per share, far better than the $2.26 that Wall Street was expecting, according to a survey by FactSet. That is down from the $1.38 billion profit the company reported in the same period last year, though the most recent quarter had one fewer week of sales.Revenue fell to $30.91 billion, from $31.9 billion, but that also beat expectations.Americans have been pulling back on spending and retailers face a lot of uncertainty in the year ahead.President Donald Trump's long-threatened tariffs against Canada and Mexico went into effect Tuesday, pushing markets in Asia, Europe, and the U.S. lower, and setting up costly retaliations by the United States' North American allies, not to mention China.China said Tuesday that it will impose additional tariffs of up to 15% on imports of key U.S. farm products, including chicken, pork, soy, and beef, and also expanded controls on doing business with key U.S. companies.Consumers have already been pulling back on discretionary spending because the costs of groceries have risen so sharply.