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Target Corp (TGT)

TGT on New York Consolidated

66.21USD
21 Feb 2017
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$0.42 (+0.64%)
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Latest Key Developments (Source: Significant Developments)

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

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

More From Around the Web

Florida man charged with plotting to bomb Target stores

A Florida man has been charged with plotting to plant bombs in at least 10 Target Corp stores and then profit when the blasts caused the company's stock price to fall, federal prosecutors have said.