Edition:
United States

Target Corp (TGT.N)

TGT.N on New York Stock Exchange

75.41USD
23 Feb 2018
Change (% chg)

$0.38 (+0.51%)
Prev Close
$75.03
Open
$75.52
Day's High
$76.30
Day's Low
$74.29
Volume
986,757
Avg. Vol
1,624,562
52-wk High
$78.70
52-wk Low
$48.56

Latest Key Developments (Source: Significant Developments)

Iconix Brand Announces Private Exchange Of About $110 Million Of Its Convertible Notes
Monday, 12 Feb 2018 08:28am EST 

Feb 12 (Reuters) - Iconix Brand Group Inc ::ICONIX BRAND GROUP ANNOUNCES PRIVATE EXCHANGE OF APPROXIMATELY $110 MILLION OF ITS CONVERTIBLE NOTES AND PROVIDES 2018 OUTLOOK.SEES FY 2018 REVENUE $190 MILLION TO $220 MILLION.REITERATING 2017 REVENUE AND NON GAAP EARNINGS PER SHARE WITHIN PREVIOUSLY RELEASED GUIDANCE.‍SIGNED A NEW MULTI-YEAR LICENSE AGREEMENT WITH TARGET FOR UMBRO BRAND​.SAYS HAS INITIATED A COST SAVINGS PLAN TO "IMPROVE PROFITABILITY AND FREE CASH FLOW".EXPECTS TO ACHIEVE ANNUAL SAVINGS OF ABOUT $12 MILLION.  Full Article

Target And Shipt Will Begin Same-Day Delivery Across Twin Cities Metro Area
Monday, 12 Feb 2018 07:00am EST 

Feb 12 (Reuters) - Target Corp ::TARGET CORP - CO, SHIPT ANNOUNCE THEY WILL BEGIN SAME-DAY DELIVERY ACROSS TWIN CITIES METRO AREA.TARGET CORP - BEGINNING MARCH 1, 2018, SHIPT WILL DELIVER FROM TARGET STORES IN AND AROUND MINNEAPOLIS AND SAINT PAUL.  Full Article

Target Sets Quarterly Dividend Of $0.62 Per Share
Thursday, 11 Jan 2018 06:30am EST 

Jan 11 (Reuters) - Target Corp ::SETS QUARTERLY DIVIDEND OF $0.62PER SHARE.  Full Article

Target Expects Q4 Comparable Sales Growth In A Range Around 3.4 Pct
Tuesday, 9 Jan 2018 06:59am EST 

Jan 9 (Reuters) - Target Corp ::- NOW EXPECTS Q4 COMPARABLE SALES GROWTH IN A RANGE AROUND 3.4 PERCENT.- CURRENTLY PLANNING FOR A LOW SINGLE-DIGIT INCREASE IN ITS 2018 COMPARABLE SALES.- ‍NOW EXPECTS 2017 WILL BE FOURTH CONSECUTIVE YEAR IN WHICH ITS DIGITAL SALES GROW MORE THAN 25 PERCENT​.- RAISED ITS Q4 AND FULL-YEAR 2017 EPS GUIDANCE, BASED ON BENEFIT OF STRONGER-THAN-EXPECTED SALES AND RECENTLY-ENACTED FEDERAL TAX REFORM.- COMPARABLE SALES GROWTH OF 3.4 PERCENT IN NOVEMBER/DECEMBER PERIOD.- STORES FULFILLED 70 PERCENT OF TARGET'S DIGITAL VOLUME IN NOVEMBER/DECEMBER.TARGET RAISES Q4 GUIDANCE ON STRONGER-THAN-EXPECTED HOLIDAY SALES.- ‍IS CURRENTLY PLANNING FOR A LOW SINGLE-DIGIT INCREASE IN ITS 2018 COMPARABLE SALES AND YEAR-OVER-YEAR STABILITY IN EPS​.- FOR Q4 2017, CO EXPECTS ADJUSTED EPS OF $1.30 TO $1.40.- ‍ EXPECTS 2018 GAAP EPS FROM CONTINUING OPERATIONS AND ADJUSTED EPS OF $5.15 TO $5.45​.- TOTAL SALES ARE EXPECTED TO GROW MORE THAN 9 PERCENT IN Q4​.- ALSO REMAIN FOCUSED ON RAPIDLY SCALING UP NEW FULFILLMENT OPTIONS INCLUDING SAME DAY DELIVERY.- COMBINED WITH IMPACT OF A 53RD WEEK IN 2017, TARGET'S TOTAL SALES ARE EXPECTED TO GROW MORE THAN 9 PERCENT IN Q4.TARGET - ‍ Q4 ADJUSTED EPS EXPECTATION REFLECTS A 6 TO 8 CENT BENEFIT FROM A LOWER STRUCTURAL TAX RATE IN JANUARY FROM FEDERAL TAX REFORM LEGISLATION​.Q4 EARNINGS PER SHARE VIEW $1.22 -- THOMSON REUTERS I/B/E/S.  Full Article

Target To Buy Same-Day Delivery Platform Shipt Inc For $550 Mln
Wednesday, 13 Dec 2017 11:00am EST 

Dec 13 (Reuters) - Target Corp ::TARGET CORP SAYS AGREED TO BUY SHIPT INC, AN ONLINE SAME DAY DELIVERY PLATFORM, FOR $550 MILLION IN CASH.TARGET SAYS DEAL WILL BE IMMATERIAL TO CO'S NEAR-TERM FINANCIAL RESULTS.TARGET SAYS DEAL EXPECTED TO BE MODESTLY ACCRETIVE TO CO'S EPS IN 2018.TARGET SAYS SHIPT TO BE CO'S UNIT, TO CONTINUE TO RUN INDEPENDENTLY, WITH SHIPT'S CEO BILL SMITH REMAINING IN HIS CURRENT ROLE.TARGET SAYS DEAL BRINGS SAME-DAY DELIVERY SERVICES AT ABOUT HALF OF CO'S STORES BY EARLY 2018.TARGET SAYS SAME-DAY DELIVERY SERVICES TO BE OFFERED FROM MAJORITY OF CO'S STORES BEFORE 2018 HOLIDAY SEASON.TARGET SAYS DEAL EXPECTED TO "ACCELERATE" DIGITAL AND TOTAL SALES GROWTH OVER MEDIUM TERM.  Full Article

Target reports qtrly ‍adjusted EPS of $0.91​
Wednesday, 15 Nov 2017 06:30am EST 

Nov 15 (Reuters) - Target Corp :Q3 same store sales rose 0.9 percent.Target Corp - ‍Q3 GAAP EPS from continuing operations of $0.87​.Target Corp qtrly ‍adjusted EPS of $0.91​.Target Corp - qtrly ‍comparable sales increased 0.9 percent​.Target Corp qtrly sales $‍16,667​ million versus $16,441 million.Q3 earnings per share view $0.86, revenue view $16.61 billion -- Thomson Reuters I/B/E/S.Target Corp - ‍Q3 comparable traffic grew 1.4 percent​.Target Corp - "‍we expect fourth-quarter environment to be highly competitive"​.Target Corp qtrly ‍comparable digital channel sales increased 24 percent​.Target Corp - ‍for Q4 2017, company expects GAAP EPS from continuing operations and adjusted EPS of $1.05 to $1.25​.Target Corp - ‍"we are very confident in our holiday season plans​".Target Corp - ‍expects Q4 2017 comparable sales growth of flat to two percent​.Q4 earnings per share view $1.24 -- Thomson Reuters I/B/E/S.  Full Article

Target reveals deep Black Friday discounts
Monday, 6 Nov 2017 09:10am EST 

Nov 6 (Reuters) - Target Corp :Target - All hourly team members who work some shifts on Thanksgiving, Black Friday, weekends leading up to Christmas to get additional compensation.Target - Guests can shop Black Friday deals leading up to Thanksgiving, when stores will open from 6 p.m. to midnight.  Full Article

Target to unveil new brands, thousands of exclusive gifts under $15 for holiday season
Monday, 23 Oct 2017 01:01am EDT 

Oct 23 (Reuters) - Target Corp :Will unveil new brands and thousands of exclusive gifts under $15 for holiday season.From Nov 1, target.com to offer free shipping with no minimum purchase; number of stores that ship online orders increased to above 1,400.'Giftnow' on website to allow gift givers to send e-gift; recipient can accept, change color, size or pick anything different before shipping.Expanding Wondershop brand to include specialty food gifts and snacks like caramel popcorn, flavored coffees, gourmet nuts, chocolate truffles.  Full Article

Target opens 12 new stores across U.S., expands plans for remodels and Target Restock
Thursday, 19 Oct 2017 01:30pm EDT 

Oct 19 (Reuters) - Target Corp ::Target opens 12 new stores across the country, expands plans for remodels and Target restock.Target Corp - ‍plans to accelerate number of store remodels to more than 1,000 by end of 2020​.Target Corp - ‍plans to expand its Restock program nationwide next year​.Target Corp says is opening 32 new stores in 2017, with plans to open 35 new stores in 2018​.Target Corp - will add new voice-activated shopping features and plans to offer Target REDcard payment as an option for guests in 2018​.Target Corp says ‍by end of 2019, Target plans to operate more than 130 small-format locations nationwide​ in the U.S..  Full Article

Target announces tender offers
Monday, 16 Oct 2017 08:43am EDT 

Oct 16 (Reuters) - Target Corp ::Target Corporation announces tender offers for any and all of certain outstanding debt securities.Target Corp - ‍tender offers will expire on October 20, 2017​.  Full Article

Photo

Toys are not us: Target investors

(Refiles Feb. 22 story to attribute analyst data in paragraph 3 and 10 to UBS analyst Arpine Kocharyan)