Target Corporation (TGT)
Target Misses Earnings Estimates. Discretionary Demand Is Still Under Pressure.
Revenue falls 3.1% in the retailer's fiscal-first quarter, driven by ongoing softness in non-essential categories.
Target Trips Over Itself in Battle With Amazon
Target's new membership has a lot of potential if Target makes the changes necessary to make it a must-have for shoppers.
UniCredit studies 'every possible M&A target', rules out SocGen, CEO tells FT
UniCredit studies every possible acquisition target for the bank, Chief Executive Andrea Orcel told the Financial Times in an interview, ruling out interest in Societe Generale.
Target will report earnings before the bell. Here's what to expect
Big-box retailer Target reports earnings days after it said it would lower prices on thousands of groceries and everyday items.
Target to Slash Prices on 5,000 Items as Stubborn Inflation Hangs On
The retail giant's summer discounts could help you save a few bucks on essentials.
What You Need To Know Ahead of Target's Earnings Report
Target (TGT) will report first-quarter earnings before the bell Wednesday, in its first earnings report since announcing the revamping of its Target Circle membership with the addition of a paid tier that could help Target compete with peers.
Target Slides Ahead Of Earnings After Major Price Cuts; TJX Also On Tap
Target, TJX announce earnings Wednesday as retail results roll in. Target announced price cuts to thousands of products this week.
Target (TGT) Rolls Out Extensive Price Cuts Across 5,000 Items
Target's (TGT) strategic price reductions and an improved Target Circle program emphasize its commitment to delivering value and convenience to shoppers.
Retail Earnings in Focus This Week; Target Slashes Prices
After last week's beat-and-raise report from Walmart, eyes now turn to competitor Target.
Target's price cuts imply earnings may be a concern — but UBS says don't worry
Shares of Target Corp. continued their slide Tuesday, as investors appeared to express concern that the retail giant's recent announcement about price cuts is an indication that the latest quarter's sales and margins may disappoint.
Gaining 12% Year To Date, Will Q1 Results Drive Target's Stock Higher?
Target (NYSE: TGT), the second-largest discount chain in the U.S., is scheduled to report its fiscal first-quarter results on Wednesday, May 22. We expect Target's Target stock to likely trade higher past Q1 results due to revenues and earnings beating expectations.
Target Unleashes Thousands Of Deals With Earnings Due As Walmart Makes Inroads
Target (TGT) will slash prices on thousands of essential household items as inflation lingers and Walmart (WMT) emerges as a more potent competitor. Target stock fell with Walmart stock sliding back into buy range. Other notable discounters, including TJX Cos. (TJX) and Dollar General (DG), also retreated. The big-box retailer announced on Monday that it is lowering prices on roughly 5,000 everyday items ranging from milk, meat and bread to diapers, paper towels and pet food. Some 1,500 reductions have already been made, with more coming over the summer. Target said it routinely adjusts prices to stay competitive. Amid stubborn inflation, Target also faces increased competition from Walmart. That larger rival last week reported robust earnings as price-conscious shoppers continue to search for cheaper essentials. Notably, Walmart said it continues to attract more frequent and new shoppers, while it's starting to see more higher-income shoppers hit its stores. Target uses a low-pricing strategy similar to Walmart but enjoys a more upscale image. "We know consumers are feeling pressured to make the most of their budget, and Target is here to help them save more," Target Executive Vice President Rick Gomez said in Monday's news release. Target reports earnings for the first quarter early Wednesday. Analysts expect the retailer to report a 3.7% decline in same-store sales. Meanwhile, nearly two dozen analysts have hiked price targets on Walmart stock since the company's Q1 earnings report, FactSet shows. Walmart "has what all cohorts are looking for," Bank of America analysts said, reiterating a buy rating and raising the PT from $67 to $75. Shares of Target fell 2.1% to 156.71 on the stock market today. Target stock continues to work on a 181.86 flat-base buy point, but it's below the 50-day line and near the bottom of the consolidation. Walmart stock gave up 0.7% to 64.21, back in range from an earnings breakaway gap-up from a double-bottom base last week. Jefferies analyst Corey Tarlowe said on Monday that Target's price cuts may hurt margins but could improve efficiencies, driving more profitable growth ahead. Tarlowe expects Target to affirm its prior full-year guidance. The retailer's price reductions could ripple across the value-oriented and off-price merchandise chain. This week, TJX, BJ's Wholesale Club (BJ) and Ross Stores (ROST) all report earnings, with investors eager to learn the latest on still-high inflation. Costco Wholesale (COST), Dollar General and Burlington Stores (BURL) report next week. Dollar Tree (DLTR) and Kroger (KR) have yet to announce dates. Amazon (AMZN) has already reported. The e-commerce giant said its customers continue to shop though they are cautious, trading down to lower-price items and seeking out deals. Off-price giant TJX fell roughly 2.4% with earnings expected Wednesday, while peers Ross and Burlington edged lower. Dollar General stock sank 3% while Dollar Tree retreated 3.3% to a six-month low. Warehouse membership chain Costco nudged lower and BJ's edged higher. Grocery giant Kroger and Amazon lost a fraction apiece. YOU MAY ALSO LIKE: Why This IBD Tool Simplifies The Search For Top Stocks Best Chinese Stocks To Buy And Watch Best Growth Stocks To Buy And Watch IBD Digital: Unlock IBD's Premium Stock Lists, Tools And Analysis Today Looking For Market Insights? Check Out Our IBD Live Daily Segment
