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Stock Market & Financial Investment News

News Breaks
February 26, 2013
12:27 EDTTGTEarnings Preview: Target sees Q4 EPS at low end of $1.64-$1.74 view
Target (TGT) is scheduled to report Q4 before the market open on Wednesday, February 27, with a conference call scheduled for 10:30 am ET. Target offers merchandise at discounted prices through its retail stores and online business... EXPECTATIONS: Analysts are looking for EPS of $1.48 on revenue of $22.66B, according to First Call. The consensus range for EPS is $1.45-$1.54 on revenue of $21.94B-$23.12B... LAST QUARTER: Target reported Q3 adjusted EPS of 90c against estimates for 79c on revenue of $16.B against estimates for $16.93B. The company forecast Q4 adjusted EPS $1.64-$1.74 and also guided FY adjusted EPS $4.75-$4.85. In early January, Target said it expected that Q4 EPS would meet or somewhat exceed the low end of its prior view. During the quarter, the retailer reported December "essentially flat" same-store sales and said January SSS increased 3.1%. Target hired Jason Goldberger as senior VP of Target.com and Mobile, which Wells Fargo said was a significant developing, signalling Target's increased focus on eCommerce and a willingness to hire outside the organization. RadioShack (RSH) announced the end of its relationship with Target where it helps operate Target Mobile in 1,500 Target stores, effective April 8. Target also said it would price match top online retailers year-round, including Amazon.com (AMZN), Walmart.com (WMT), BestBuy.com (BBY) and Toysrus.com... STREET RESEARCH: Despite the weak holiday season, MKM Partners said it expects Target will report "solid" profits, adding that the pickup in January was "encouraging". The firm expects Target Canada to be accretive in 4Q13 and sees the completion of the sale of Target's credit card portfolio in 1H. Piper Jaffray sees Target reporting Q4 GAAP earnings about $1.48. Cowen recently initiated Target with a Neutral rating... PRICE ACTION: Year-to-date, Target shares are up about 7.5%. In mid-day trading today, ahead of tomorrow's earnings report, shares are up almost 1.5%.
News For TGT From The Last 14 Days
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October 30, 2014
08:54 EDTTGTWal-Mart considers matching online prices from Amazon for holidays, WSJ says
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October 27, 2014
10:32 EDTTGTVeriFone rises after Barron's says Apple Pay positive for company
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October 23, 2014
06:10 EDTTGTTarget's Canadian unit experimenting with overstocking, Globe and Mail reports
As part of its turnaround effort, Target Canada is experimenting with overstocking items at its premier locations and retraining employees to create a service culture, the Globe and Mail reports. Reference Link
October 22, 2014
12:42 EDTTGTTarget free shipping impact already in guidance, says Wells Fargo
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09:50 EDTTGTCredit Suisse to hold a field trip
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05:50 EDTTGTTarget announces partnership with STORY
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05:49 EDTTGTTarget announces plans for holiday shopping season
Target announced new initiatives for the holiday season centered on products, value and guest-friendly services; including new and enhanced digital tools and free shipping on all Target.com orders now through Dec. 20. With conversion on Targetís digital channels up 40% this year, guests are turning to Target.com for more of their shopping. To make it even easier for guests, for the first time, Target will offer free shipping on all Target.com orders for the holidays, now through Dec. 20. Additionally, more than 65,000 items are now available for Store Pickup on Target.com and 80% of orders are fulfilled within one hour, making it a convenient option for busy shoppers through Christmas Eve. Target will launch a Wish List app beginning Oct. 31; a modern and digital take on the classic tradition of creating holiday wish lists for parents and kids. Cartwheel will offer daily deals for its more than 10M users, and from Nov. 2-Dec. 24, Cartwheel will offer 50% off a different toy every day. The app will have new features for the holidays, including special deals for top users, personalized recommendations and a select number of popular offers that do not expire. For the third year, Target is extending the timeframe of its Price Match Policy for the holiday season beyond the typical seven day window.
October 21, 2014
06:22 EDTTGTStaples may be latest retailer to be hacked, Krebs reports
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