Seeking Alpha

Target Corporation (TGT)

  • Nov. 1, 2012, 8:03 AM
    Target (TGT) Oct same-store sales: +2.4%. Total sales +3% to $4.98B. Shares -1.2% premarket. (PR)
    | Nov. 1, 2012, 8:03 AM | Comment!
  • Oct. 31, 2012, 1:34 PM
    Retail analyst Stacey Widlitz warns opportunistic traders that weather events don't print money, but only pull sales forward or away from discretionary spending in some cases. So when Target (TGT -0.5%) and Costco (COST +1.2%) show an uptick when they report October sales due to a consumer stockpiling effect, Widlitz sees a back-end drag down the road from those very same purchases.
    | Oct. 31, 2012, 1:34 PM | 2 Comments
  • Oct. 31, 2012, 10:04 AM
    Mall-based retailers and department stores are holding up relatively well in early trading after the effect of Hurricane Sandy was lined up as a major Q4 headwind. The trick now is to figure out which retail firms can recover lost sales. Two notables exceptions to the subdued trading pattern - J.C. Penney (JCP -4.8%) and Sears (SHLD -6.5%) - had a slightly higher percentage of stores in the path of Hurricane Sandy than the average in the sector.
    | Oct. 31, 2012, 10:04 AM | 12 Comments
  • Oct. 30, 2012, 10:02 AM
    Forecasts on the effect of Hurricane Sandy on retail sales still vary greatly, although the general consensus is that a short-term boost of emergency items will lift sales for select companies while the prolonged cleanup could dampen overall holiday sales. Analysts see the list of losers much longer than the list of winners as home repairs take up a great deal of discretionary spending. In a nutshell: Every retailer has a different Sandy-related thesis, with product and geographic mix essential to estimating Q4 numbers.
    | Oct. 30, 2012, 10:02 AM | 2 Comments
  • Oct. 29, 2012, 9:44 AM
    More on September Personal Income and Outlays: A 0.8% rise on household purchases is just enough to embolden some analysts to predict a nice follow-through into Q4, especially for companies such as Target (TGT), Wal-Mart (WMT) and Costco (COST) with value propositions. Cheaper gas prices and increased housing market activity could also boost results, while the impact of Hurricane Sandy and the tick-tock nature of the fiscal cliff loom as major wildcards.
    | Oct. 29, 2012, 9:44 AM | 5 Comments
  • Oct. 29, 2012, 7:57 AM
    Effect on retail sales from Hurricane Sandy: 1) For supermarket companies and home improvement stores, analysis is clouded by a comparable from last year that includes big sales in front of an East Coast storm. 2) Though analysts see an extra boost at places where consumers prep for the storm, they warn many of these stores will run out of inventory quickly or simply pull sales from November. 3) According to Citi's Oliver Chen, mall-based retailers - including American Eagle Outfitters (AEO), Limited Brands (LTD), and Urban Outfitters (URBN) - could be the hardest hit. 4) Operators such as Domino's (DPZ) and Papa John's (PZZA) are tipped to see a sustained boost in demand.
    | Oct. 29, 2012, 7:57 AM | 1 Comment
  • Oct. 26, 2012, 11:10 AM
    Though consumer sentiment rose to its highest level in five years, don't look for retailers to start adjusting guidance anytime soon. In an interview with CNBC yesterday, AutoNation CEO Mike Jackson gave a somewhat frank assessment of how many execs are looking toward Q4 by noting the fiscal cliff could create a standstill to spending over the last ten days of the year as the automatic cuts slated for January 1 loom larger. Even if a late deal is struck, Q4 sales could take a blow. (video)
    | Oct. 26, 2012, 11:10 AM | 7 Comments
  • Oct. 26, 2012, 9:52 AM
    Buckingham Research lines up Target (TGT +0.7%) with a Buy rating and improved price target of $73. The retailer has its hands in a lot of pies this quarter with a pledge to take on online rivals on pricing and challenge department stores with affordable high-profile fashion lines. After a solid back-to-school season, Target aims to keep the momentum rolling.
    | Oct. 26, 2012, 9:52 AM | 2 Comments
  • Oct. 23, 2012, 1:11 PM
    Target (TGT -0.1%) lands another big name in the fashion world with Prabal Gurung agreeing to create a limited-edition line for the retailer. The upcoming collection will include clothing, jewelry, handbags, and shoes priced at budget levels, according to the company. The big picture: Industry watchers say Target has adroitly carved out a little space for itself in the budget/high-end niche with rivals a step behind.
    | Oct. 23, 2012, 1:11 PM | Comment!
  • Oct. 23, 2012, 9:06 AM
    Target's (TGT) deal to offload its credit card portfolio looks attractive to analysts at first blush with no earnings dilution on the table and a capital release of a cool $5.9B. The company says it will account for the sale by taking a pre-tax gain of $150M in Q3 and an additional $350M-$450M after the closing - slated for the first half of 2013. TGT -0.4% premarket.
    | Oct. 23, 2012, 9:06 AM | Comment!
  • Oct. 23, 2012, 8:44 AM
    Target (TGT) announces an agreement to sell its $5.9B credit card portfolio to TD Bank (TD). Target expects to use about 90% of proceeds from the sale to repay debt and the rest to buy back shares. Additionally, TD will take over all Target Credit Card and Target Visa operations for 7 years. (PR)
    | Oct. 23, 2012, 8:44 AM | Comment!
  • Oct. 22, 2012, 1:14 PM
    Retailers want to edge into the holiday shopping season as early as possible this year with most forecasts calling for steady - but not spectacular - spending numbers. Trends to watch: 1) Increased online couponing and promotional activity from fringe players. 2) Managing inventory should be easier with the season starting early and big data initiatives firing up which could help margins. 3) The calendar comes through for retailers with a lush 32-day window between Thanksgiving and Christmas extending the crucial part of the season.
    | Oct. 22, 2012, 1:14 PM | 2 Comments
  • Oct. 18, 2012, 11:11 AM
    Interesting retail question of the day: On the topic of a plan by Target (TGT -0.1%) and Best Buy (BBY -1.1%) to match online prices, CFI Group's Sheri Petras can't help but wonder what happens to the shopper standing in line behind the saver who wants to scan 20 items on their phone in the hopes of trimming a few nickels on gum or batteries. Back to online shopping?
    | Oct. 18, 2012, 11:11 AM | 4 Comments
  • Oct. 16, 2012, 3:36 PM
    Another revelation from Target's (TGT +1.6%) media presentation (previous): The company will test same-day pickup in stores for online orders next year in a bid to keep up with a similar pledge from Wal-Mart. Even if the brick-and-mortar retailers don't follow through with a full-scale same-day pickup service, they've done a good job at planting the seed in the minds of consumers that waiting for a delivery from Amazon isn't the only game in town.
    | Oct. 16, 2012, 3:36 PM | Comment!
  • Oct. 16, 2012, 2:22 PM
    Et tu, Target? Not willing to get left behind this holiday season, Target (TGT +1.6%) says it will match the online prices of rivals Amazon, Wal-Mart, and Best Buy. The comments came at a special presentation by execs in NYC and included a few other nuggets: 1) EPS reaffirmed at $8. 2) Private label Threshold expected to roar to higher sales. 3) Expects $100B in revenue by 2017.
    | Oct. 16, 2012, 2:22 PM | Comment!
  • Oct. 16, 2012, 11:19 AM
    Target (TGT +1.5%) beats other retailers to the punch with its first holiday ad already in the books. The company's commercial highlights its new holiday price-match program that launches Nov. 1. The bigger issue: Are Black Friday and Cyber Monday sales numbers doomed to disappoint with the holiday shopping season starting earlier and through more channels?
    | Oct. 16, 2012, 11:19 AM | Comment!
Visit Seeking Alpha's
TGT vs. ETF Alternatives
Company Description
Target Corp is engaged in operating general merchandise discount stores in the United States.