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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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March 30, 2015
12:53 EDTTGTNY AG Schneiderman announces agreement with GNC
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March 26, 2015
09:02 EDTTGTSamsung Galaxy S6, S6 edge to be available in U.S. beginning April 10
Samsung Electronics America (SSNLF) announced the Galaxy S 6 and Galaxy S 6 edge will be available in the U.S. beginning April 10, with pre-orders starting March 27. In the U.S., the Galaxy S 6 and Galaxy S 6 edge will be available in Black Sapphire, White Pearl and Gold Platinum -- in 32GB, 64GB and 128GB2 memory options. AT&T (T), Sprint (S), T-Mobile (TMUS), U.S. Cellular (USM) and Verizon Wireless (VZ) will carry both the Galaxy S 6 and Galaxy S 6 edge, while Boost Mobile, Cricket Wireless and MetroPCS will carry the Galaxy S 6. Samsung Experience Shops at Best Buy (BBY), as well as Amazon.com (AMZN), Costco Wholesale (COST), Samís Club (WMT), Target (TGT) and Walmart will also carry the Galaxy S 6 and Galaxy S 6 edge. Carriers and retailers will confirm specific pricing and availability.
March 19, 2015
07:17 EDTTGTStephens to hold a conference
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06:36 EDTTGTTarget settles class action lawsuit over data breach, Reuters reports
Target agreed to pay $10M to settle a class action lawsuit related to its 2013 data breach, according to Reuters. Under the settlement, which must be approved by a federal judge, the retailer also agreed to implement data security measures, including hiring a chief information security officer, the news service stated. Reference Link
March 18, 2015
17:42 EDTTGTTarget to increase minimum wage paid to $9 per hour in April, WSJ says
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15:56 EDTTGTTarget to increase minimum wage paid to $9 per hour in April, Dow Jones says
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12:26 EDTTGTTarget unveils extended one-year return policy
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