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Target Corp (TGT.N)

TGT.N on New York Stock Exchange

56.12USD
17 Aug 2017
Change (% chg)

$-0.19 (-0.34%)
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Latest Key Developments (Source: Significant Developments)

Target Corp Q2 ‍adjusted EPS $1.23​
Wednesday, 16 Aug 2017 06:30am EDT 

Aug 16 (Reuters) - Target Corp :Q2 same store sales rose 1.3 percent.Qtrly comparable digital channel sales increased 32 percent.Qtrly ‍adjusted EPS of $1.23​.Q2 GAAP EPS from continuing operations of $1.22.‍For Q3 2017, company expects both GAAP EPS from continuing operations and adjusted EPS of $0.75 to $0.95​.Company expects its full-year 2017 comparable sales growth will be in a range around flat, plus or minus 1 percent..Qtrly sales $16,429 ‍mln versus $16,169 million.For full-year 2017, company now expects GAAP EPS from continuing operations of $4.35 to $4.55.Expects that both Q3 and Q4 2017 comparable sales growth will be within range company experienced in first and second quarters of 2017​.Sees 2017 adjusted EPS of $4.34 to $4.54.As of end of Q2 2017, company had approximately $4.1 billion of remaining capacity under its current $5 billion share repurchase program​.Q3 earnings per share view $0.77 -- Thomson Reuters I/B/E/S.FY earnings per share view $4.39, revenue view $70.21 billion -- Thomson Reuters I/B/E/S.Q2 earnings per share view $1.19, revenue view $16.30 billion -- Thomson Reuters I/B/E/S.  Full Article

Target to acquire Grand Junction to expand, improve delivery services for guests
Monday, 14 Aug 2017 09:15am EDT 

Aug 14 (Reuters) - Target Corp ::Target to acquire grand junction to expand and improve delivery services for guests.Target Corp - ‍announced it has agreed to acquire grand junction, a transportation technology company​.Target Corp - ‍upon deal close, grand junction's employees will become target team members​.  Full Article

Target updates second quarter 2017 guidance
Thursday, 13 Jul 2017 06:42am EDT 

July 13 (Reuters) - Target Corp ::Target updates second quarter 2017 guidance.Target Corp - Q2 GAAP EPS is expected to reflect 2 to 3 cents of pressure related to unfavorable resolution of tax matters​.Target Corp - ‍Company expects positive Q2 comparable sales and EPS above high end of prior guidance range​.Target Corp - ‍Target is now expecting to report a modest increase in its Q2 comparable sales​.Target Corp - ‍Company now expects to report Q2 GAAP and adjusted EPS above high end of its previous guidance range of $0.95 to $1.15​.Target - Q2 GAAP and adjusted EPS are expected to reflect a 5 to 9 cent benefit driven by net tax effect of company's global sourcing operations​.Target Corp - ‍In addition, Q2 GAAP EPS is expected to reflect 2 to 3 cents of pressure related to unfavorable resolution of tax matters​.Q2 earnings per share view $1.06 -- Thomson Reuters I/B/E/S.Target - ‍Following better-than-expected results in Q1, co has seen additional, broad-based improvement in traffic and category sales trends in Q2​.  Full Article

Casper raises $170 million in Series C funding
Monday, 19 Jun 2017 07:30am EDT 

June 19 (Reuters) - Casper::Casper raises $170 million in Series C funding.Casper announces close of $170 million Series C investment round; new investment led by target and includes Tresalia, IVP, NEA, and Irving Capital.Casper - brings total funding to date to $240 million.  Full Article

Target corporation announces 3.3 percent dividend increase
Wednesday, 14 Jun 2017 08:00am EDT 

June 14 (Reuters) - Target Corp :Target corporation announces 3.3 percent dividend increase.Sets quarterly dividend of $0.62 per share.  Full Article

NY Attorney General announces $18.5 mln multi-state settlement with Target over 2013 Data Breach
Tuesday, 23 May 2017 11:55am EDT 

May 23 (Reuters) - New York Attorney General Eric T. Schneiderman: :Says 47 states and the District of Columbia have reached a $18.5 million settlement with Target Corp.Says settlement with Target Corp to resolve states' investigation into co's 2013 data breach.Says settlement requires Target to develop, implement, maintain a comprehensive information security program.Says settlement requires Target to employ executive/officer responsible for executing plan regarding information security program.Says Target is also required to hire an independent third-party to conduct a comprehensive security assessment.Says agreement with Target also requires co to segment its cardholder data from rest of its computer network.Agreement requires Target to take steps including implementing password rotation policies, two-factor authentication for some accounts.  Full Article

Target CEO on conf call- in early stages of implementing efforts to reestablish everyday price credibility
Wednesday, 17 May 2017 10:32am EDT 

May 17 (Reuters) - Target Corp :CEO on conf call- "our results are not where we want them to be".CEO - in the early stages of implementing merchandising and marketing efforts to improve value perception with guests and reestablish everyday price credibility on key items.CEO- opened 4 new small format locations in Q1.COO- pilot of Target Restock will begin rolling out to Twin Cities REDcard holders this quarter.COO- for Target Restock pilot, guests will have access to more than 8,000 items.COO- new small format stores generate more than double the per foot sales productivity of larger format stores.COO- we are seeing double-digit comp increases on average for the 10 mature small-format stores so far this year.COO- Victoria Beckham baskets were more than twice the size of Target's average transaction.Exec- macro factors slightly drove some of the acceleration in March and April.Exec- electronics benefited from healthy growth in apple watch and iphone; Q1 electronics delivered a mid-single-digit comp sales increase, the strongest in 3 yrs.Exec- Q1 low single-digit comp declines for food & beverage.Exec- launching new brand this month - Cloud Island, a new exclusive line of nursery decor, bedding, bath and layer products.Exec- "we're continuing to sharpen our (grocery) price and our value messaging, at the same time, and make sure that we move to a more regional based pricing, localized pricing".  Full Article

Target says Q1 same store sales fell 1.3 percent
Wednesday, 17 May 2017 06:30am EDT 

May 17 (Reuters) - Target Corp :Q1 same store sales fell 1.3 percent.Q1 GAAP earnings per share $1.22 from continuing operations.Target corp - qtrly sales $ 16,017 million versus $16,196 million.Qtrly comparable digital channel sales increased 22 percent.Target Corp says Q1 comparable sales decreased 1.3 percent.Target Corp says qtrly adjusted EPS was $1.21.Q1 earnings per share view $0.91, revenue view $15.62 billion -- Thomson Reuters I/B/E/S.Target Corp says for full-year 2017, company continues to expect a low single digit decline in comparable sales.Target - in Q2 2017, expects a low single digit decline in comparable sales, and both GAAP EPS from continuing operations and adjusted EPS of $0.95 to $1.15.Says "after starting quarter with very soft trends, we saw improvement later in quarter, particularly in March".Q2 earnings per share view $1.00 -- Thomson Reuters I/B/E/S.Target Corp says better-than-expected Q1 performance increases probability that co will finish year above midpoint of its prior gaap guidance.  Full Article

Target Corp says CEO Brian Cornell's 2016 total compensation was $11.3 mln versus $16.9 mln in 2015 - SEC Filing
Monday, 1 May 2017 08:03am EDT 

May 1 (Reuters) - Target Corp :Target corp - ceo brian c. Cornell's 2016 total compensation was $11.3 million versus $16.9 million in 2015 - sec filing.Says cfo cathy smith's fy 2016 total compensation was $4.4 million versus $7.5 million in fy 2015 - sec filing.Says coo john mulligan's fy 2016 total compensation was $7.0 million versus $10.4 million in fy 2015.  Full Article

U.S. CPSC says Target recalls about 560,000 water absorbing toys
Thursday, 13 Apr 2017 10:57am EDT 

U.S. Consumer Product Safety Commission : U.S. Consumer Product Safety Commission - Target recalls about 560,000 water absorbing toys due to serious ingestion hazard . U.S. CPSC - no incidents/injuries reported . U.S. Consumer Product Safety Commission says recall involves hatch & grow easter eggs, easter grow toys and hatch your own dino Further company coverage: [TGT.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

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Target sales, profit boosted by online traffic; raises outlook

Target Corp on Wednesday reported an increase in second-quarter comparable-store sales after four straight negative quarters, driven by improved online traffic and demand across all businesses except groceries. | Video