Edition:
United States

Target Corp (TGT.N)

TGT.N on New York Stock Exchange

76.90USD
22 May 2018
Change (% chg)

$0.03 (+0.04%)
Prev Close
$76.87
Open
$77.00
Day's High
$77.62
Day's Low
$76.66
Volume
193,245
Avg. Vol
1,302,993
52-wk High
$78.70
52-wk Low
$48.56

Latest Key Developments (Source: Significant Developments)

Target Corp Says CEO Brian Cornell's FY 2017 Total Compensation Was $8.4 Mln
Friday, 4 May 2018 01:05pm EDT 

May 4 (Reuters) - Target Corp ::TARGET CORP SAYS CEO BRIAN CORNELL'S FY 2017 TOTAL COMPENSATION WAS $8.4 MILLION VERSUS $11.3 MILLION IN FY 2016 - SEC FILING.TARGET CORP SAYS EVP AND COO JOHN MULLIGAN'S FY 2017 TOTAL COMPENSATION WAS $4.4 MILLION VERSUS $7.0 MILLION IN FY 2016.TARGET CORP SAYS CFO CATHY SMITH'S FY 2017 TOTAL COMPENSATION WAS $3.3 MILLION VERSUS $4.4 MILLION IN FY 2016.  Full Article

‍Shipt And Target Launch Same Day Delivery Across Northwest​
Tuesday, 3 Apr 2018 07:00am EDT 

April 3 (Reuters) - Target Corp :: ‍SHIPT AND TARGET LAUNCH SAME DAY DELIVERY ACROSS NORTHWEST​.  Full Article

There Is No Truth To Report On Target, Kroger Mulling Merger - Source Familiar With Situation
Friday, 23 Mar 2018 08:57am EDT 

March 23 (Reuters) - Kroger Co ::THERE IS NO TRUTH TO REPORT ON TARGET CORP AND KROGER CO MULLING MERGER - SOURCE FAMILIAR WITH THE SITUATION.  Full Article

There Is 'No Truth' To Target-Kroger Merger Report - CNBC ‍​
Friday, 23 Mar 2018 08:45am EDT 

March 23 (Reuters) - :THERE IS 'NO TRUTH' TO TARGET-KROGER MERGER REPORT - CNBC, CITING SOURCE ‍​.  Full Article

Target And Kroger Mull A Merger - Fast Company
Friday, 23 Mar 2018 08:16am EDT 

March 23 (Reuters) - :TARGET AND KROGER MULL A MERGER - FAST COMPANY, CITING SOURCES ‍​.  Full Article

Shipt And Target To Launch Same-Day Delivery In Washington DC And Baltimore
Thursday, 15 Mar 2018 07:00am EDT 

March 15 (Reuters) - Target Corp ::SHIPT AND TARGET TO LAUNCH SAME-DAY DELIVERY IN WASHINGTON, D.C. AND BALTIMORE.‍SHIPT SAYS CO, TARGET CORP WILL BEGIN SAME-DAY DELIVERY OF MORE THAN 55,000 GROCERIES, HOME, ELECTRONICS, TOYS, OTHER PRODUCTS IN 2 EAST COAST CITIES​.‍SHIPT - BEGINNING MARCH 29, SHIPT WILL DELIVER FROM TARGET STORES IN WASHINGTON, D.C. AND BALTIMORE​.  Full Article

Target Corp Sets Quarterly Dividend Of $0.62 Per Share
Thursday, 15 Mar 2018 06:30am EDT 

March 15 (Reuters) - Target Corp ::TARGET CORPORATION DECLARES REGULAR QUARTERLY DIVIDEND.SETS QUARTERLY DIVIDEND OF $0.62 PER SHARE.  Full Article

Target To Raise Capital Investment To Over $3 Billion In 2018 - Conf call
Tuesday, 6 Mar 2018 02:22pm EST 

March 6 (Reuters) - Target Corp ::CEO - NEIGHBORHOOD STORES FULFILLED MORE THAN HALF OF OUR TOTAL DIGITAL VOLUME - CONF CALL ‍​.CEO - RAISING STARTING WAGE TO $12 AN HOUR THIS SPRING - CONF CALL ‍​.CEO - EXPECTS 325 MORE STORES TO BE REMODELED IN 2018 - CONF CALL ‍​.CEO - TO OFFER FREE TWO DAY DELIVER ON "HUNDREDS OF THOUSANDS OF ITEMS" ON WEBSITE - CONF CALL ‍​.CEO - CO TO EXPAND SAME-DAY DELIVERY SERVICE FROM MANHATTAN TO ALL 5 BOROUGHS AND SEVERAL OTHER BIG-CITY MARKETS‍​.STORES WILL BE OUR PREFERRED SHIPPING POINT OF DIGITAL ORDERS IN THE LONG RUN - CONF CALL.TO RAISE CAPITAL INVESTMENT TO OVER $3 BILLION IN 2018 - CONF CALL.THE YEAR'S EXPECTED DECLINE IN OPERATING MARGIN RATE WILL BE DRIVEN ENTIRELY BY $175 MILLION INCREASE IN DEPRECIATION & AMORTIZATION.  Full Article

Target Reports Q4 Adjusted EPS Of $1.37 Excluding Items
Tuesday, 6 Mar 2018 06:30am EST 

March 6 (Reuters) - Target Corp ::TARGET REPORTS FOURTH QUARTER AND FULL-YEAR 2017 EARNINGS.Q4 SALES ROSE 10 PERCENT TO $22.8 BILLION.Q4 ADJUSTED EARNINGS PER SHARE $1.37 EXCLUDING ITEMS.Q4 GAAP EARNINGS PER SHARE $2.02 FROM CONTINUING OPERATIONS.SEES Q1 2018 ADJUSTED EARNINGS PER SHARE $1.25 TO $1.45.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $5.15 TO $5.45.‍ Q4 GAAP EPS FROM CONTINUING OPERATIONS OF $2.02 REFLECT DISCRETE BENEFITS RELATED TO TAX CUTS AND JOBS ACT​.Q4 EARNINGS PER SHARE VIEW $1.38, REVENUE VIEW $22.53 BILLION -- THOMSON REUTERS I/B/E/S.Q1 EARNINGS PER SHARE VIEW $1.40 -- THOMSON REUTERS I/B/E/S.COMPARABLE SALES GROWTH OF 3.6 PERCENT FOR Q4.SEES ‍FOR FULL-YEAR 2018, A LOW-SINGLE DIGIT INCREASE IN COMPARABLE SALES​.FY EARNINGS PER SHARE VIEW $5.27 -- THOMSON REUTERS I/B/E/S.Q4 COMPARABLE DIGITAL CHANNEL SALES INCREASED 29 PERCENT.‍ IN Q1 2018, TARGET EXPECTS A LOW-SINGLE DIGIT INCREASE IN COMPARABLE SALES​.‍ TAX ACT RESULTED IN $36 MILLION OF BENEFIT IN QUARTER DUE TO A LOWER STRUCTURAL TAX RATE IN JANUARY​.‍ TAX ACT RESULTED IN A DISCRETE $352 MILLION NET BENEFIT FROM REMEASUREMENT OF OUR NET DEFERRED TAX LIABILITIES IN QUARTER​.  Full Article

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

Photo

Target's online push weighs on profit, shares tumble

NEW YORK Target Corp posted lower-than-expected quarterly profit on Tuesday as spending on its online business and delivery options helped sales but ate into margins, sending shares down 6 percent in pre-market trade.