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Target Corp (TGT.N)

TGT.N on New York Stock Exchange

77.84USD
8 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Target Corp qtrly adjusted EPS of $1.04
Wednesday, 16 Nov 2016 06:56am EST 

Target Corp : Target Corp - Target returned $1.2 billion to shareholders in Q3 through dividends and share repurchases. . Target Corp says for full-year 2016, target now expects GAAP EPS from continuing operations of $4.67 to $4.87 . Target Corp - Q3 2016 sales decreased 6.7 percent to $16.4 billion from $17.6 billion last year . Target Corp says company expects full-year 2016 adjusted EPS of $5.10 to $5.30 . Target Corp qtrly adjusted eps of $1.04 . Q3 comparable sales decreased 0.2 percent, near high-end of guidance range of flat to down 2 percent . Target Corp - Q3 GAAP EPS from continuing operations of $1.06 . Qtrly comparable digital channel sales increased by 26 percent . Q3 earnings per share view $0.83, revenue view $16.30 billion -- Thomson Reuters I/B/E/S . Target Corp - Raised expectations for Q4 comparable sales and now expects growth in range of negative 1.0 percent to positive 1.0 percent .FY earnings per share view $4.94 -- Thomson Reuters I/B/E/S.  Full Article

U.S. CPSC says Target recalls 127,000 halloween LED gel clings
Thursday, 20 Oct 2016 12:58pm EDT 

U.S. Consumer Product Safety Commission: Target recalls halloween LED gel clings due to choking and button battery ingestion hazards .U.S. Consumer Product Safety Commission -About 127,000 units of halloween LED gel clings recalled by Target.  Full Article

Target's board declares a quarterly dividend of 60 cents per common share
Wednesday, 21 Sep 2016 08:00am EDT 

Target Corp : Target announced its board of directors has declared a quarterly dividend of 60 cents per common share . Target corporation announces new $5 billion share repurchase program and declares regular quarterly dividend .Company will begin repurchasing shares under this new authorization upon completion of current $10 billion program.  Full Article

Target's Jeff Jones to join Uber as President, Ridesharing
Tuesday, 30 Aug 2016 01:35pm EDT 

Uber Technologies Inc : Says Jeff Jones, Chief Marketing Officer at Target, will be joining UBER as President, Ridesharing. .Says Ryan Graves will continue to be integrally involved with Uber as our resident entrepreneur and builder.  Full Article

Target severs ties with Welspun over Egyptian-cotton dispute- Bloomberg
Friday, 19 Aug 2016 11:28am EDT 

: Target severs ties with Welspun over Egyptian-cotton dispute- Bloomberg . Target Corp says discovered last month that 750,000 sheets and pillowcases labeled Egyptian cotton were made with another type of cotton - Bloomberg . Target says informed Welspun that, due to this conduct, in the process of terminating relationship with them - Bloomberg . Target says phasing out all of its products from Welspun - Bloomberg .Target says withdrawal includes two lines of Egyptian cotton bedding, and not all of its Egyptian cotton sheets are affected- Bloomberg.  Full Article

Target Q2 comparable sales decrease 1.1 pct
Wednesday, 17 Aug 2016 06:47am EDT 

Target Corp : Q2 comparable sales decreased 1.1 percent . Q2 GAAP EPS from continuing operations of $1.07 and adjusted EPS of $1.23 . Q2 sales $16,169 million versus $17,427 million . Q2 earnings per share view $1.12, revenue view $16.18 billion -- Thomson Reuters I/B/E/S . Quarterly digital channel sales increased 16 percent. . 44-Cent difference between FY guidance ranges for GAAP EPS from continuing operations and adjusted EPS reflects early debt retirement losses already reported in 2016 . FY2016 earnings per share view $4.72 -- Thomson Reuters I/B/E/S . On pace to exceed its goal to save $2 billion in costs over 2-year period ending in 2016 . Sees FY 2016 GAAP earnings per share $4.36 to $4.76 from continuing operations . Sees FY 2016 adjusted earnings per share $4.80 to $5.20 . Quarterly comparable sales growth in signature categories outpaced total comparable sales by about 3 percentage points . In Q3 2016, target expects both GAAP EPS from continuing operations and adjusted EPS of $0.75 to $0.95 . In both third and fourth quarters of 2016, target now expects comparable sales growth in range of down 2.0 percent to flat . Based on current retail environment company believes it is prudent to lower expectations for comparable sales in second half of year . "We are planning for a challenging environment in back half of year".  Full Article

Target names Ben Cook Senior Vice President, Global Logistics, Inventory Allocation and Replenishment
Wednesday, 20 Jul 2016 04:15pm EDT 

Target Corp : Ben Cook joins the company July 24 and will relocate to Minneapolis . Target names Ben Cook Senior Vice President, Global Logistics, Inventory Allocation and Replenishment .Says Ben Cook will report to Target's Executive Vice President and Chief Supply Chain and Logistics Officer, Arthur Valdez..  Full Article

Target announces 7.1 pct dividend increase
Wednesday, 8 Jun 2016 08:00am EDT 

Target Corp : Sets quarterly dividend of $0.60 per share .Target corporation announces 7.1 percent dividend increase.  Full Article

Target Canada gets sanction order from court approving second amended joint plan of arrangement
Thursday, 2 Jun 2016 01:42pm EDT 

Target Canada: Obtained sanction order from Ontario Court approving second amended and restated joint plan of compromise and arrangement . Expects to begin implementation of amended plan about June 28, 2016 . Sanction order authorizes distribution of funds to Target Canada's creditors pursuant to amended plan .Target Canada Co says initial distributions to creditors should commence on or about July 6, 2016.  Full Article

Target Q1 earnings per share $1.05
Wednesday, 18 May 2016 08:00am EDT 

Target Corp : Q1 adjusted earnings per share $1.29; Q1 earnings per share $1.05; Q1 sales $16.2 billion, down 5.4 percent . Q1 earnings per share view $1.19, revenue view $16.31 billion -- Thomson Reuters I/B/E/S . Q1 comparable sales up 1.2 percent; Q1 comparable digital channel sales up 23 percent . While company's view of Q2 results has been tempered by slowdown in consumer trends, company believes FY adjusted EPS within prior guidance is achievable . Sees Q2 comparable sales of flat to down 2 percent; sees Q2 adjusted earnings per share $1.00-$1.20 . Q2 GAAP EPS from continuing operations will include about $0.17 of expense related to early debt retirement losses .Q2 earnings per share view $1.36 -- Thomson Reuters I/B/E/S.  Full Article

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U.S. retailers value enthusiasm over experience for holiday hires

This U.S. holiday shopping season, wearing the brand is more likely to help get you a job in a store than experience, as retailers look for enthusiasm that will persuade customers to spend and help numb the impact of online rivals like Amazon.com Inc.