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Target Corp (TGT.N)

TGT.N on New York Stock Exchange

53.33USD
27 Mar 2017
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$0.21 (+0.40%)
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Latest Key Developments (Source: Significant Developments)

Target names Jeff Burt senior vice president, grocery, fresh food and beverage
Monday, 20 Mar 2017 02:02pm EDT 

Target Corp : Target names Jeff Burt senior vice president, grocery, fresh food and beverage . Says Burt joins Target from Kroger Co, where he was most recently president of Fred Meyer division .Burt will join company on April 10 and will relocate to Minneapolis.  Full Article

Target sets quarterly dividend of 60 cents/shr
Thursday, 9 Mar 2017 08:00am EST 

Target Corp :Sets quarterly dividend of $0.60 per share.  Full Article

Target expects capital expenditures in 2017 to increase to about $2.0 billion to $2.5 billion - SEC filing
Wednesday, 8 Mar 2017 04:26pm EST 

Target Corp : Says it expects capital expenditures in 2017 to increase to about $2.0 billion to $2.5 billion - SEC filing . Increase in 2017 capex as it accelerates rate of store remodels, flexible-format store openings, and continues to make supply chain investments .Says it also expects its rate of investment in store leases to continue to increase.  Full Article

Fitch affirms target corporation at 'A-' outlook revised to negative
Wednesday, 1 Mar 2017 10:00am EST 

Fitch: Fitch affirms target corporation at 'a-'; outlook revised to negative .outlook revision acknowledges accelerated impact of changes in consumer shopping preferences on target's near-term results.  Full Article

Target Q4 adjusted EPS of $1.45
Tuesday, 28 Feb 2017 06:30am EST 

Target Corp : Q4 same store sales fell 1.5 percent . Target corp says Q4 comparable sales decreased 1.5 percent . Target corp says Q4 comparable digital channel sales increased 34 percent . Says Q4 gaap earnings per share (EPS) from continuing operations of $1.46 . Target corp - sees Q1 gaap eps from continuing operations and adjusted eps of $0.80 to $1.00 . Qtrly adjusted eps of $1.45 . Qtrly sales $20,690 million versus $21,626 million . Target Corp - sees full-year 2017 gaap eps from continuing operations and adjusted eps of $3.80 to $4.20 . Q4 earnings per share view $1.51, revenue view $20.70 billion -- Thomson Reuters I/B/E/S . Target Corp says for full-year 2017, target expects a low-single digit decline in comparable sales . Target Corp - target expects a low-to-mid single digit decline in comparable sales in Q1 . Target-Will accelerate investments in network of physical,digital assets and differentiated assortment, including launch of more than 12 new brands . Will also invest in lower gross margins to ensure co is competitively priced every day . Target Corp - will accelerate investments in network of physical and digital assets as well as exclusive and differentiated assortment over next two years . Target-Q4 results reflect impact of rapidly-changing consumer behavior, which drove very "strong" digital growth but unexpected "softness" in stores.  Full Article

Target names Rick Gomez as chief marketing officer
Thursday, 19 Jan 2017 05:15pm EST 

Target Corp : Target names Rick Gomez as company's chief marketing officer .Target Corp - promotion of Rick Gomez to executive vice president and chief marketing officer, effective Jan. 29.  Full Article

Target reports November/December sales and updates fourth quarter 2016 guidance
Wednesday, 18 Jan 2017 07:11am EST 

Target Corp : Target reports November/December sales and updates fourth quarter 2016 guidance . Target Corp says updated its Q4 and full-year 2016 guidance . Target Corp says combined November/December period total sales decreased 4.9 percent . Sees FY 2016 adjusted earnings per share $5.00 to $5.10 . Target Corp says now expects Q4 comparable sales in range of negative 1.5 percent to negative 1.0 percent . Target Corp says November/December comparable sales in Target stores declined more than 3 percent, partially offset by digital sales growth of more than 30 percent . Target says in Q4 2016, sees both GAAP EPS from continuing operations and adjusted EPS of $1.45 to $1.55, compared with prior guidance of $1.55 to $1.75. . Q4 earnings per share view $1.65 -- Thomson Reuters I/B/E/S . Target Corp says holiday results hurt by early season sales softness and disappointing traffic and sales trends in stores . Target Corp says Nov/Dec transactions were flat, as digital transaction growth of over 30 percent was offset by 1.7 percent decline in comparable store transactions . Target Corp says comparable sales during combined November/December holiday period decreased 1.3 percent.  Full Article

U.S. CPSC says Target reannounces recall of menorahs due to fire hazard
Tuesday, 6 Dec 2016 04:03pm EST 

U.S. Consumer Product Safety Commission : U.S. Consumer Product Safety Commission - Target reannounces recall of menorahs due to fire hazard .U.S. CPSC - menorahs can melt when candles are burning, posing a fire hazard.  Full Article

Target Corp entered into 5 year credit agreement for $2.5 Bln with certain lenders
Wednesday, 5 Oct 2016 11:27am EDT 

Target corp : Target corp says entered into a five-year credit agreement with certain lenders - sec filing . Five-Year credit agreement for a $2.50 billion unsecured revolving credit facility . Sec filing . Entered into five-year credit agreement for a $2.50 billion . Target Corp Says Target May Increase Credit Facility Commitments Up To An Additional $500 Mln, Subject To Satisfaction Of Certain Conditions . Credit agreement will expire in october 2021, unless extended for up to two additional years under terms of credit agreement Source - http://bit.ly/2dEJynQ Further company coverage: [TGT.N] ((Bangalore.newsroom@thomsonreuters.com;)).  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

More From Around the Web

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Target names Kroger veteran Jeff Burt new grocery chief

Target Corp on Monday named Kroger Co veteran Jeff Burt its senior vice president of grocery, fresh food and beverage, as the retailer makes a renewed push to overhaul the business amid an intensifying price war.