Key Developments: Target Corp (TGT.N)
70.16USD
18 Jun 2013
$0.30 (+0.43%)
$69.86
$69.85
$70.22
$69.61
676,483
1,003,292
$72.77
$56.70
Latest Key Developments (Source: Significant Developments)
Target Corp Issues Q4 2012 EPS Guidance Above Analysts' Estimates
Target Corp announced that for fourth quarter of 2012, it expects adjusted EPS of $1.64-$1.74 and GAAP EPS of $1.45-$1.55. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.51 for fourth quarter of 2012. Full Article
Target Corp Reaffirms Q3 2012 EPS Guidance-Conference Call
Target Corp announced that for the third quarter of 2012, it expects adjusted EPS of $0.83 to $0.93 and GAAP EPS of $0.69 to $0.79. Full Article
Target Corp Declares Regular Quarterly Dividend
Target Corp announced that the Board of Directors has declared a quarterly dividend of 36 cents per common share. The dividend is payable December 10, 2012 to shareholders of record at the close of business November 21, 2012. Full Article
Target Corp Reaffirms FY 2012 EPS Guidance-Conference Call
Target Corp announced that for fiscal 2012, it expects earnings per share(EPS) to be $4.65-$4.85. Full Article
Target Corp Raises FY 2012 EPS Guidance; Issues Q3 2012 EPS Guidance Above Analysts' Estimates
Target Corp announced that for the third quarter 2012, it expects adjusted EPS of $0.83 to $0.93 and GAAP EPS of $0.69 to $0.79. For fiscal 2012, the Company has raised guidance and now expects adjusted EPS of $4.65 to $4.85 and GAAP EPS of $4.20 to $4.40. The difference between the GAAP and adjusted EPS range of 14 cents in the third quarter reflects the expected EPS impact of expenses related to the company's Canadian market entry. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.76 for the third quarter of 2012; EPS of $4.31 for fiscal 2012. Full Article
Target Corp. Reaffirms Q2 2012 EPS Guidance
Target Corp. announced that combined with the outlook for July, the Company is on-track to deliver second quarter sales and adjusted earnings per share (EPS) in line with the guidance provided at the time of first quarter earnings release. In first quarter 2012 earnings release, the Company indicated that in second quarter 2012 it expects adjusted EPS of $1.04 to $1.14 and GAAP EPS of $0.94 to $1.04. Full Article
Target Corp. Increases Regular Quarterly Dividend
Target Corp. announced that its Board of Directors has declared a quarterly dividend of $0.36 per common share. The dividend is payable September 10, 2012 to shareholders of record at the close of business August 15, 2012. Full Article
Target Corp. Issues Q2 2012 EPS Guidance In Line With Analysts' Estimates; Raises FY 2012 EPS Guidance
Target Corp. announced that for the second quarter of 2012, it expects adjusted EPS of $1.04 to $1.14 and GAAP EPS of $0.94 to $1.04. For fiscal 2012, the Company has raised its guidance by 5 cents and now expects adjusted EPS of $4.60 to $4.80 and GAAP EPS of $4.10 to $4.30. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $1.00 for the second quarter of 2012; EPS of $4.29 for fiscal 2012. Full Article
Target Corp. Raises Q1 2012 EPS Guidance
Target Corp. updated first quarter 2012 guidance and expects adjusted earnings per share (EPS) in the range of $1.04 to $1.10, compared with prior guidance of $0.97 to $1.07. The company expects GAAP EPS of $0.96 to $1.02, compared with prior guidance of $0.88 to $0.98. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $1.03 for fiscal 2012. Full Article
Target Corporation Completes $10 Billion Share Repurchase Program
Target Corporation announced that, as expected, it has completed the $10 billion share repurchase program authorized by its board of directors in November 2007. Under the program, the Company repurchased 193.5 million shares, representing nearly 23% of its November 2007 outstanding shares, at an average price of $51.68 per share. The Company will continue to repurchase shares under the $5 billion program approved by its board of directors in January, 2012, which it expects to complete in the next two to three years. Full Article
Fitch Affirms Target's IDR at 'A-'; Outlook Stable
(The following statement was released by the rating agency) CHICAGO, June 18 (Fitch) Fitch Ratings has affirmed its long-term Issuer Default Rating (IDR) on Target Corporation (Target) at 'A-', and its short-term IDR at 'F2'. The Rating Outlook is Stable. Target had $12.3 billion of senior notes outstanding as of May 4, 2013. A full rating list is shown below. Key Rating Drivers: The affirmation reflects Target's strong competitive position in the discount retail sector and steady operating
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