Target Corporation (TGT) - NYSE
  • Wed, May 18, 8:36 AM
    • Target (NYSE:TGT) reports comparable-store sales increased 1.2% in Q1. The comp gain was split evenly between stores and e-commerce.
    • Key sales stats: Number of transactions +0.3%. Average transaction amount increased 0.9%. Units per transaction fell 2.0%. Selling price per unit +2.9% Y/Y.
    • Gross margin rate +50 bps to 30.9%.
    • EBITDA margin rate was 8.2%.
    • Digital sales rose 23% vs. +34% in Q4.
    • SG&A expenses rate -50 bps to 19.4%.
    • RedCard penetration +190 bps to 23.4%.
    • Strong categories during the quarter were style, baby, kids, and wellness.
    • Guidance: Target sees Q2 EPS of $1.00-$1.20 vs. $1.36 consensus.
    • TGT -7.2% premarket to $68. Shares were already down about 6% in the week in front of the earnings release.
    • Previously: Target beats by $0.09, misses on revenue (May 18)
    | Wed, May 18, 8:36 AM | 41 Comments
  • Wed, May 18, 8:04 AM
    • Target (NYSE:TGT): Q1 EPS of $1.29 beats by $0.09.
    • Revenue of $16.2B (-5.4% Y/Y) misses by $120M.
    • Shares -7.60% PM.
    • Press Release
    | Wed, May 18, 8:04 AM | 15 Comments
  • Tue, May 17, 5:30 PM
    | Tue, May 17, 5:30 PM | 3 Comments
  • Wed, Feb. 24, 8:18 AM
    • Target (NYSE:TGT) reports comparable-store sales increased 1.9% in Q4. More than half of the comp gain was generated by e-commerce growth.
    • Key sales stats: Traffic was up 1.3% during the quarter. Average transaction amount increased 0.6%. Units per transaction fell 1.3%. Selling price per unit +2.0% Y/Y.
    • Gross margin rate -60 bps to 27.9%.
    • EBITDA margin rate was flat Y/Y at 9.8%.
    • Digital sales rose 34% to smash the pace seen at Wal-Mart (+8%) and beat Amazon (+26%) on a less direct comparison.
    • SG&A expenses rate -50 bps to 18.1%.
    • RedCard penetration +190 bps to 23.0%.
    • Strong categories during the quarter were style, baby, kids, and wellness.
    • Guidance: Target sees full-year EPS of $5.20-$5.40 vs. $5.16 consensus.
    • Previously: Target misses by $0.02, misses on revenue (Feb. 24 2016)
    • TGT -1.34% premarket to $73 on light volume.
    | Wed, Feb. 24, 8:18 AM | 5 Comments
  • Wed, Feb. 24, 8:02 AM
    • Target (NYSE:TGT): Q4 EPS of $1.52 misses by $0.02.
    • Revenue of $21.63B (-0.6% Y/Y) misses by $120M.
    • Shares +1.73% PM.
    • Press Release
    | Wed, Feb. 24, 8:02 AM | 2 Comments
  • Tue, Feb. 23, 5:30 PM
    | Tue, Feb. 23, 5:30 PM | 6 Comments
  • Nov. 18, 2015, 8:13 AM
    • Target (NYSE:TGT) reports comparable-store sales increased 1.9% in Q3. The mark was a slight deceleration from the 2.4% comp in Q2.
    • Traffic was up 1.4% during the quarter.
    • Selling price per unit +2.5% Y/Y.
    • Growth in the Style, Baby, and Kids and Wellness categories increased 2.5X the company average.
    • Gross margin rate -10 bps to 29.4%.
    • EBITDA margin rate +20 bps to 8.6%.
    • Digital sales rose 20% to account for 2.7% of all sales.
    • SG&A expenses rate -40 bps to 20.7% as cost discipline remained strong.
    • RedCard penetration +130 bps to 22.3%.
    • Total store count +4 Y/Y to 1,805.
    • Guidance: Q4 EPS of $1.48-$1.58 expected vs. $1.54 consensus. 2015 EPS of $4.65-$4.75 forecast vs. $4.60-$4.75 prior and $4.72 consensus.
    • TGT +2.62% premarket to $74.85.
    | Nov. 18, 2015, 8:13 AM | 16 Comments
  • Nov. 18, 2015, 8:03 AM
    • Target (NYSE:TGT): Q3 EPS of $0.86 in-line.
    • Revenue of $17.61B (+2.1% Y/Y) beats by $40M.
    • Shares +1.8% PM.
    | Nov. 18, 2015, 8:03 AM
  • Nov. 17, 2015, 5:30 PM
    | Nov. 17, 2015, 5:30 PM | 5 Comments
  • Nov. 13, 2015, 8:31 AM
    • J.C. Penney (NYSE:JCP) reported a lighter than expected Q3 loss, better than expected sales growth and raised profit estimates for the year, but shares nevertheless are -3.3% premarket as other mall-based retailers have warned about weak consumer spending.
    • JCP says its Q3 comparable sales at locations open for at least a year rose 6.4% Y/Y, beating expectations, but does not raise its forecast for full-year sales, reaffirming 2015 guidance for comp store sales to increase 4%-5%.
    • JCP says all merchandise divisions had positive comp sales gains over last year, with men's, home, footwear, handbags and Sephora among the top performing divisions.
    • Q3 gross margin rose to 37.3% from 36.6% a year earlier, helped by improvements in clearance and promotions.
    • JCP says it now expects adjusted EBITDA of $645M, up from its August estimate of $620M.
    • In premarket trading among peers, JWN -20.2%, TJX -4%, M -1.3%, TGT -1.5%, KSS -2%.
    | Nov. 13, 2015, 8:31 AM | 16 Comments
  • Nov. 12, 2015, 5:17 PM
    • Nordstrom (NYSE:JWN) -19.8% AH after missing Q3 earnings estimates by a wide margin and cutting its annual forecast.
    • JWN says Q3 results were below its expectations, reflecting softer sales trends that generally were consistent across channels and merchandise categories.
    • JWN lowers its guidance for FY 2016 EPS to $3.40-$3.50 from its prior outlook for $3.70-$3.80 and below the $3.77 analyst consensus estimate, and lowers its revenue view to a 7.5%-8% gain and $14.1B-$14.16B vs. $14.34B consensus.
    • For Q4, JWN sees EPS of $3.30-$3.40 with sales rising 7.5%-8%, down from its previous guidance for EPS of $3.85-$3.95 on a 8.5%-9.5% sales increase.
    • Q3 revenue, which includes revenue from its credit cards, gained 6% Y/Y to $3.33B, while sales at established stores rose 0.9%; inventory rose 8% Y/Y.
    • JWN follows Macy’s in reporting disappointing results, underscoring a broader slowdown for department stores as consumers spend less of their money on apparel and accessories; after hours, M -1.6%, TGT -1.9%, JCP -1.4%, TJX -4%, BURL -5.3%, KSS -1.3%.
    | Nov. 12, 2015, 5:17 PM | 18 Comments
  • Sep. 10, 2015, 5:43 PM
    • Apparel company Cherokee (NASDAQ:CHKE) -32.8% AH after its FQ2 earnings report said Target (NYSE:TGT) would not renew its U.S. license for the Cherokee brand after it expires Jan. 31, 2017.
    • CHKE says it does not expect the non-renewal to have any material impact on Cherokee Global Brands' revenue in FY 2016.
    • CHKE says an agreement with TGT for the Liz Lange brand remains in place at this time.
    | Sep. 10, 2015, 5:43 PM | 1 Comment
  • Aug. 19, 2015, 8:21 AM
    • Target (NYSE:TGT) reports comparable-store sales increased 2.4% in Q2 on transaction growth.
    • The retailer's U.S. comp was higher than Wal-Mart's for the second consecutive quarter.
    • Selling price per unit +3.8% Y/Y.
    • Growth in the Style, Baby, and Kids and Wellness categories were 3X the company average.
    • Gross margin rate +50 bps to 30.9%.
    • EBITDA margin rate +100 bps to 10.9%.
    • Digital sales rose over 30% during the quarter to contribute 60 bps of comp growth.
    • Consolidated SG&A expenses rate -60 bps to 19.9% as cost savings factored in.
    • RedCard penetration +30 bps to 22.1%.
    • Total store count +4 Y/Y to 1,799.
    • Guidance: Q3 EPS of $0.79-$0.89 expected vs. $0.86 consensus. 2015 EPS of $4.60-$4.75 seen vs. $4.50-$4.56 prior and $4.62 consensus.
    • Previously: Target beats by $0.11, beats on revenue
    • TGT +4.35% premarket to $83.79.
    | Aug. 19, 2015, 8:21 AM | 4 Comments
  • Aug. 19, 2015, 8:02 AM
    • Target (NYSE:TGT): Q2 EPS of $1.22 beats by $0.11.
    • Revenue of $17.43B (+2.8% Y/Y) beats by $30M.
    | Aug. 19, 2015, 8:02 AM | 3 Comments
  • Aug. 18, 2015, 5:30 PM
Company Description
Target Corp. engages in owning and operating of general merchandise stores. It also operates SuperTarget stores with a line of food and general merchandise items and offers an assortment of general merchandise, including many items found in the company's stores and a complementary assortment,... More
Sector: Services
Industry: Discount, Variety Stores
Country: United States