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Stock Market & Financial Investment News

News Breaks
May 6, 2010
08:10 EDTTGT
theflyonthewall.com: Target expects Q1 EPS to meet or exceed consensus estimate of 86c
The company said, "April sales in our higher margin categories remained particularly strong, and both of our business segments continued to outperform their respective profit plans for the first quarter. As a result, we now expect Target’s first quarter EPS will meet or exceed the current First Call median estimate of 86 cents." :theflyonthewall.com



News For TGT From The Last 14 Days
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May 23, 2012
07:16 EDTTGT
theflyonthewall.com: Sony, Samsung want retailers to pull back on TV discounts, WSJ reports

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06:49 EDTTGT
theflyonthewall.com: Foreign retailers looking to exploit store closures, NY Times reports
As multiple American retailers significantly reduce the number of stores they have in the country, foreign retailers like Japan's Uniqlo are hoping to exploit the opportunity by opening more stores here, according to The New York Times. Reference Link :theflyonthewall.com
06:15 EDTTGT
theflyonthewall.com: On the Fly: Periodicals Wrap-Up

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May 22, 2012
14:25 EDTTGT
theflyonthewall.com: Target says Canadian investments to start contributing to EPS in 2014

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14:22 EDTTGT
theflyonthewall.com: Target reaffirms Q2 adjusted EPS $1.04-$1.14; GAAP 94c-$1.04
Consensus is $1.01. :theflyonthewall.com
14:20 EDTTGT
theflyonthewall.com: Target sees Q2 SSS up 3% "or a little more"

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14:18 EDTTGT
theflyonthewall.com: Target to open 125-135 stores in Canada in 2013/2014

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14:14 EDTTGT
theflyonthewall.com: Target reaffirms adjusted FY12 EPS $4.60-$4.80

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May 20, 2012
10:05 EDTTGT
theflyonthewall.com: Cambiar Opportunity Fund is waiting on the turn in energy stocks, Barron's says

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May 17, 2012
14:42 EDTTGT
theflyonthewall.com: Mild weather that helped retailers in Q1, may hurt Q2, Reuters says
The warm weather that helped retailers in Q1 may hurt them in Q2 as consumers may pull back after spending more than anticipated, says Reuters. Reference Link :theflyonthewall.com
07:51 EDTTGT
theflyonthewall.com: Target shares look undervalued, says RW Baird
Baird said the risk/reward remains favorable for Target and shares look undervalued. The firm cited upcoming merchandising initiatives, gains from struggling competitors, and conservative guidance. shares are Outperform rated with $65 price target. :theflyonthewall.com
06:11 EDTTGT
theflyonthewall.com: Wal-Mart struggling with smaller express stores, WSJ reports
As Wal-Mart Stores (WMT) bets that their small urban stores called Walmart Express could one day help to boost its growth in the U.S. and fight off competition from dollar store chains, the company is struggling to think outside the supercenters box that remain its focus, analysts say, reports the Wall Street Journal. Reference Link :theflyonthewall.com

May 16, 2012
12:14 EDTTGT
theflyonthewall.com: On The Fly: Midday Wrap

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11:24 EDTTGT
theflyonthewall.com: Target says will phase out Kindle products throughout spring

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11:01 EDTTGT
theflyonthewall.com: Target says on track for $8 or more in EPS, $100B or more in sales by 2017

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10:58 EDTTGT
theflyonthewall.com: Target says sees Q2 EBITDA margin rate in line with last year

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10:56 EDTTGT
theflyonthewall.com: Target says sees Q2 SSS up around 3%

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10:41 EDTTGT
theflyonthewall.com: Target CEO says committed to selling credit card receivables portfolio
Says goal is to establish "a long-term relationship with the right partner, on the right terms." :theflyonthewall.com
10:38 EDTTGT
theflyonthewall.com: Target says plans to open 125-135 stores in Canada by 2014

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10:37 EDTTGT
theflyonthewall.com: Target CEO says economic recovery to continue to be "slow," "uneven"

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10:36 EDTTGT
theflyonthewall.com: Target CEO says 5% Rewards program continues to exceed expectations
Comment made on the Q1 earnings conference call. :theflyonthewall.com
07:34 EDTTGT
theflyonthewall.com: Target sees 10c, 50c impact in Q2, FY for expenses related to Canadian entry
The difference between the GAAP and adjusted EPS ranges of 10c in Q2 and 50c for the full year represents the expected EPS impact of expenses related to the company’s Canadian market entry. :theflyonthewall.com
07:33 EDTTGT
theflyonthewall.com: Target: Outlook reflects continued economic uncertainty
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07:33 EDTTGT
theflyonthewall.com: Target reports Q1 credit card revenue $330M

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07:32 EDTTGT
theflyonthewall.com: Target now sees Q2 adjusted EPS $1.04-$1.14, consensus 99c
Sees Q2 GAAP EPS 94c-$1.04. :theflyonthewall.com
07:31 EDTTGT
theflyonthewall.com: Target raises FY12 adjusted EPS view to $4.60-$4.80, consensus $4.28

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07:31 EDTTGT
theflyonthewall.com: Target reports Q1 EPS $1.11, consensus $1.01

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07:30 EDTTGT
theflyonthewall.com: Target reports Q1 adjusted EPS $1.11, consensus $1.01
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May 15, 2012
15:08 EDTTGT
theflyonthewall.com: Companies reporting Before the Market Open on Wednesday, May 16

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12:25 EDTTGT
theflyonthewall.com: Earnings Preview: Target may offer update on receivables unit in Q1 report
Target (TGT) is expected to report Q1 earnings before the open on Wednesday, May 16, with a conference call scheduled for 10:30 am ET. Analysts are looking for EPS of $1.01 on revenue of $16.83B. The consensus range is 97c-$1.03 for EPS, and revenue of $16.48B-$17B, according to First Call. In February, Target reported EPS that was above analysts' estimates and guided Q1 adjusted EPS 97c-$1.07. The company also forecast FY12 adjusted EPS $4.55-$4.75, consensus $4.28 and said it was on track to achieve $5.00 or more in FY13 adjusted EPS. During the quarter, Target reported March same-store sales up 7.3%, with March net retail sales "well above expectations," and said April SSS increased 1.1%. Target said Q1 SSS increased 5.3%. Earlier this month, Target said it would stop carrying Amazon's (AMZN) Kindle due to a "conflict of interest". Investors will listen for comments from the company regarding its credit card receivables portfolio; in February, Target said selling the unit was one of its top priorities." Additionally, the company may offer comments on returning cash to shareholders, after noting in March that it expected to grow its dividend at a robust pace and that it would invest another 41.5B in share repurchase this year. Target named Jeffery J. Jones, II as its Chief Marketing Officer in April. In the year-ago quarter, Target reported EPS of 99c on revenue of $15.94B. :theflyonthewall.com
09:01 EDTTGT
theflyonthewall.com: Target May volatility bid up into Q1 and outlook

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08:34 EDTTGT
theflyonthewall.com: Futures continue to indicate a higher open

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May 13, 2012
15:33 EDTTGT
theflyonthewall.com: Jim Cramer's "Mad Money"
Jim Cramer laid out his game plan for the week of May 14, ahead of Facebook's (FB) IPO on Friday. (Monday) Groupon (GRPN) reports, Cramer said this stock shows us just what can go wrong with a red hot technology-related IPO. He said to stay away. (Tuesday) A slew of retail earnings, including JC Penney (JCP), Dick'' Sporting Goods (DKS), Saks (SKS), TJX Stores (TJX) and Home Depot (HD). Cramer was bullish on TJX and Home Depot, but told investors to steer clear of the others for now. (Wednesday) earnings include John Deere (DE) a perpetually downbeat conference call, Target (TGT) a retailer whose prospects are looking up, along with two restaurants Jack in the Box (JACK) and Red Robin (RRBG). Cramer said he's intrigued by Target, but would only listen to the two burger chains'' results. (Thursday) Reporting: Ross Stores (ROST), Gap Stores (GPS) and Dollar Tree (DLTR), along with cloud computing giant Salesforce.com (CRM). Cramer said to buy any of the retailers on weakness, but only pickup Salesforce if the weakness is severe. (Friday) the expected IPO of Facebook (FB) and Cramer once again told investors to get in on the IPO, if they can, but absolutely do not buy any shares in the aftermarket. Next, Cramer said he's always a fan of companies unlocking value by splitting themselves up. In a case like Marathon Oil (MRO), shares rose 30% from the time the deal was announced until the split actually occurred earlier this year. But once the split happens, cautioned Cramer, the opportunity comes to an end. Now ConocoPhillips (COP) has spun off its Phillips 66 (PSX) refining and pipeline assets, the company is only growing at 3% to 5% a year, hardly enough to get excited about., Cramer says. He prefers Chevron (CVX), which offers a smaller dividend but also more growth. Investors looking for even more upside should consider EOG Resources (EOG) or an oil pipeline like Kinder Morgan Energy Partners (KMP). Bottom-line: Cramer said that he's not a buyer of either half of the old Conoco and told investors that this opportunity, like most other break up stories, has come to an end. Then, Cramer put the energy drink maker Monster Beverage (MNST) through his 10-step prism to find out if its a turbo-charged company or just an over-caffeinated stock. Weighing all the pros and cons, Cramer said that he would invest in Monster only as a speculative stock. He also recommended using deep-in-the-money call options as a stock replacement strategy to limit the downside risk. MAD MAIL: Medtronic (MDT) is dead money and there are better places to invest. Cramer prefers Energy Transfer Partners (ETP) instead of Inergy (NRGY). Conns (CONN) too risky. Cramer is only recommending a few oil stocks and not Carrizo (CRZO). Bearish on Windstream Communications (WIN). Abbott Labs (ABT) is his favorite drug stock. NO HUDDLE OFFENSE: Cramer sounded off on the JPMorgan Chase (JPM)) bad-trade debacle. Cramer suggested JPM CEO Jamie Dimon give up his bonus as a gesture of good will toward shareholders. LIGHTNING ROUND: (Bullish) DOW; CCE; HBAN, buy under $6. (Bearish) UPL; BGCP; BRCD; ERF.Reference Link :theflyonthewall.com