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TGT News Highlights
- TGT's 30 day story count now stands at 69.
- Over the past 24 days, the trend for TGT's stories per day has been choppy and unclear. It has oscillated between 1 and 15.
- The most mentioned tickers in articles about TGT are JILL, STAY and NBA.
Latest TGT News From Around the Web
Below are the latest news stories about Target Corp that investors may wish to consider to help them evaluate TGT as an investment opportunity.
Walmart is reportedly looking to take its Flipkart unit public in the U.S. via a blank-check deal. Walmart stock gave up gains. Online retailer Flipkart, a rival to Amazon in India, has been weighing a U.
Oliver Chen thinks the retailer can hang on to most of its $9 billion in pandemic market-share gains.
The Zacks Analyst Blog Highlights: Netflix, Honeywell, FedEx, Target and Carvana
As part of its transformational plans, Bed Bath & Beyond (BBBY) will introduce at least eight new Owned Brands in fiscal 2021.
Karen Finerman said on CNBC's "Fast Money" she stepped in both Walmart Inc (NYSE: WMT) and Target Corporation (NYSE: TGT). They're trading at about the market multiple and the disappointment about them spending capital on their business doesn't make sense to her because both companies have proven to be good stewards of capital. Their return on invested capital has been good, said Finerman. These stocks are trading as they are not a reopening trade and they are going to benefit from the reopening, she added. Tim Seymour has a long position in Walmart and he is a big believer in Walmart's e-commerce story. The stimulus is a massive windfall for Walmart and he expects the price to earnings multiple to move higher. See Also: Why This Analyst Is Still Bullish On Target After Q4 Results Guy A...
Zacks Earnings Trends Highlights: Amazon, Home Depot, Lowe's and Target
Target Corp. reported better-than-expected 4Q results, driven by robust digital sales and same-store sales (comps). However, shares of the discount store operator closed 6.8% lower on Tuesday. Target (TGT) reported 4Q revenues of $28.3 billion that topped consensus estimates of $27.5 billion. Revenues grew 21.1% year-over-year, driven by strong comps growth of 20.5%. Target’s comps growth was driven by a 6.5% increase in traffic and 13.1% growth in average ticket sales. The company’s store comps grew 6.9%, while digital comps surged 118%. 4Q earnings of $2.67 per share surged 58% year-over-year and beat analysts’ expectations of $2.54, reflecting top-line growth and higher gross and operating margins.
Consumers start dabbling in apparel again as they envision being vaccinated hopefully soon.
In the fourth quarter of fiscal 2020 (which ended Jan. 30, 2021), comparable sales jumped 20.5%, with strong growth in both stores and the digital channel. Revenue was up 21.1% to $28.3 billion, beating estimates of $27.5 billion, while adjusted earnings per share improved from $1.69 to $2.67, also topping the consensus of $2.54.
Some of its biggest peers such as Macy's Inc (NYSE: M) and Best Buy Co Inc (NYSE: BBY) came out with improved fourth-quarter sales and profit outlook as a tiny bit of normalcy begins to return to consumer spending, but now it's Target Corporation's (NYSE: TGT) turn in the spotlight. Earnings topped estimates as sales rose 21%, boosted by a surge of post-holiday shoppers that cashed in stimulus checks during an unusually strong period for the industry as a government report revealed sales increased 5.3% in January. As of Monday's close, Target shares have risen nearly 81% over the past year, bringing the company's market value to $93.19 billion. Q4 For the fiscal fourth-quarter ending on January 30th, revenue rose 21% to $28.34 billion from $23.4 billion last year, higher than analysts' ...