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Target Corporation (TGT)

  • Jan. 5, 2012, 10:20 AM
    Retailers (XRT -1.5%) are the weakest sector in early trading after many companies cut guidance following disappointing holiday sales figures, as the highly promotional environment weighs on margins. JCP -6.5%, TGT -3.7% and PLCE -10% are among stores cutting their Q4 outlooks (I, II, III). Also lower: COST -1.8%, GPS -5.7%. But ROST +2.7% after raising guidance.
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  • Jan. 5, 2012, 9:14 AM
    Premarket gainers: SODA +9%. PSUN +8%. STX +7%. ITMN +6%. TRGT +6%. SIRI +4%.
    Losers: BKS -29%. AEO -17%. PLCE -13%. TSO -8%. DB -7%. STD -6%. JCP -6%. HPG -4%. VLO -4%. EK -4%. KSS -4%. UBS -4%. TGT -4%. PCS -3%. VOD -3%. LLY -3%. E -3%. CRH -3%. ALU -3%.
  • Jan. 5, 2012, 8:18 AM
    Target (TGT) reports same-store sales were up 1.6% in December, lower than the consensus mark of analysts of 3.1%. The firm lowers its Q4 EPS outlook to $1.35-$1.43, down from previous guidance of $1.43-$1.53. Shares -4.4% premarket.
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  • Jan. 3, 2012, 11:49 AM
    Morgan Stanley says the S&P 500 will drop 7% in 2012, ending the new year at 1,167. The firm cites as catalysts a global economic slowdown, weak company results and a stronger U.S. dollar. Consequently, it cuts the energy sector to Underweight and ups industrials to Market-Weight, removing Baker Hughes (BHI +4.2%) and Walgreen (WAG+1.3%) from its portfolio and adding United Technologies (UTX +3.1%), Fresh Market (TFM +0.7%) and Target (TGT -0.1%).
  • Dec. 28, 2011, 1:59 PM
    Sears (SHLD +0.6%) shares rebound a bit after yesterday's news it will close 100 or more stores, but Jack Hough warns they may have further to fall. Mass retail brings lean profit margins to even the ablest players: Wal-Mart (WMT) and Target (TGT) turned less than $0.10 of each sales dollar into operating profit in the past year, vs. $0.15 for the median S&P 500 company.
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  • Dec. 28, 2011, 8:04 AM
    The "dirty little secret" about big Black Friday sales is more sales mean more returns, writes Kristen Bentz, remaining bearish on the holiday season. Feverishly spending amidst the hype and promotions, consumers go home, look at their receipts, and remorse sets in. "Black Friday does not a season make ... one need(s) to look at November and December together."
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  • Dec. 27, 2011, 10:08 AM
    The Canadian retail industry braces for another big-box gorilla as Target (TGT) plans to roll out 135 stores starting in March 2013 following its purchase of Zellers. Wal-Mart (WMT), the country's dominant retailer, is speedily converting more of its stores to super centers as well as planning 40 new outlets.
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  • Dec. 19, 2011, 12:24 PM
    A new Goldman Sachs report highlights that Target (TGT -1.1%) may be the poster child for an ongoing theme of retailers offering lower and lower prices in order to grab market share (Retailer margin shock: I, II). The firm's data tallies that Target holds a 18.7% pricing edge on toys over comparable products at rival Wal-Mart (WMT -0.6%), and an even bigger gap with Amazon (AMZN +0.1%). But will TGT's big bet on low-priced toys ultimately lead to profits from shoppers loading up on other items at the expense of other merchandise retailers?
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  • Dec. 1, 2011, 1:51 PM
    The latest economic indicator: Sales of TVs are surprisingly hot. Wal-Mart (WMT) says TVs are among the top gifts people are putting on layaway. The Westinghouse 46-inch LCD HDTV that was on sale for 50% at Target (TGT) was a top seller last weekend. Prices overall have dropped 7% to an average $597, and big discounts are a big draw.
  • Dec. 1, 2011, 8:34 AM
    Though Target (TGT) CEO Gregg Steinhafel says Nov. sales came in at the low end of expectations against a tough comparable, he says the firm is keeping its view for December the same. The merchandising retailer cruised through Black Friday without any reported hitches after an online petition and misbehaving website caught attention. Shares of TGT -2.8% premarket.
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  • Dec. 1, 2011, 8:20 AM
    Nov. same-store sales (actual vs. Thomson Reuters estimate), update #1:
    CATO -5% vs. -1%.
    COST +9% vs. +6.5%.
    DDS +3% vs. +3%.
    GPS -5% vs. -4.1%.
    LTD +7% vs. +4.4%.
    M +4.8% vs. +3.9%.
    SSI +2.3% vs. 0%.
    TGT +1.8% vs. +2.8%.
    3 misses, 1 in-line and 4 beats.
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  • Nov. 30, 2011, 1:48 PM
    The uncertainty over Kraft's (KFT) proposed split makes the company among the more conspicuous among Gimme Credit’s latest list of the 10 investment-grade companies whose bonds are most likely to lag the broad market over the next three to six months. Also: LOW, TGT, CSC, BNPQY.PK, RBS, DTEGY.PK, WMB, EQT, ETP.
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  • Nov. 29, 2011, 5:43 PM
    Costco (COST) and J.C. Penney (JCP) could get hurt by their less aggressive Black Friday promotional stance vs. the likes of Wal-Mart (WMT) and Target (TGT), which actually opened for Black Friday on Thursday night. "A big Black Friday could have siphoned off traffic from COST,” Stifel Nicolaus says, now expecting a 5% increase in same-store sales, below the Street median estimate of 6.5%.
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  • Nov. 28, 2011, 10:05 AM
    Investors in retailers choose to accentuate the positive and eliminate any potential negative, as retail stocks (XRT +3.9%) post major moves in the early going. Among the notable gainers: AEO +5.2%, ANF +4.6%, BBY +4.2%, TIF +5.6%, AMZN +5.3%, JCP +3.5%, KSS +2.4%, TGT +2.3%, WMT +1.4%.
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  • Nov. 25, 2011, 12:04 PM
    Early commentary on Black Friday traffic is largely positive. DisplaySearch's checks at California retail locations indicated significant Y/Y traffic increases, as well as full parking lots for Best Buy (BBY +1.2%), Target (TGT -0.2%), and Wal-Mart (WMT +0.8%). Consumer interest in TV sets especially appeared to be strong, thanks to major promotions. However, Citi thinks good weather could be inflating sales.
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  • Nov. 23, 2011, 3:08 PM
    Retail shares fall just days before Black Friday, as weak consumer spending data puts the kabosh on optimism for a holiday spending spree: Nordstrom (JWN -1.9%), Target (TGT -1.9%), Best Buy (BBY -1.8%) and Macy's (M -2.4%).
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Company Description
Target Corp is engaged in operating general merchandise discount stores in the United States.