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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 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 (AMZN), (WMT), (BBY) and 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 2, 2015
11:32 EDTTGTAnalyst sees Amazon becoming #2 player in $425B consumables market
Amazon (AMZN) will advance to the number two position in the $425B U.S. consumables market, excluding food and beverages, by 2018, research firm Cowen predicted in a note to investors today. WHAT'S NEW: Amazon's "multi platform approach around Prime" is enabling it to gain share in the U.S. market for goods including personal care, household, pet and baby products, Cowen analyst John Blackledge stated. Specifically, the e-commerce giant is effectively using its Amazon Prime, Amazon Prime Now, Amazon Pantry and Amazon Fresh offerings to sell consumables and it has significantly increased the number of fulfillment centers it operates, lowering its delivery times, according to Blackledge. The company's delivery times are now "well ahead of (the) competition," the analyst reported. The e-commerce giant's strategy in the consumables market appears to be working, as Cowen's proprietary data indicates that the company is gaining share in the category, Blackledge wrote. Additionally, Amazon is beginning to attract more customers from Wal-Mart (WMT) and Target (TGT), he believes. PRICE ACTION: In late morning trading, Amazon slipped 0.4% to $518.70.
10:03 EDTTGTTarget to begin selling Apple Watch at stores this week
Target (TGT) announced that the Apple (AAPL) Watch is coming to Target stores this week and all stores by October 25. At, Apple Watch will be available beginning Oct. 18. Reference Link
08:21 EDTTGTAmazon to be number two player in U.S. consumables by 2018, says Cowen
John Blackledge and the research team at Cowen project that (AMZN) will grow to be the number two player in the $425B market for U.S. consumables - which they define as personal care, household, pet and baby products - by 2018. The firm expects Amazon to use its multi-platform approach, centered around Prime, to help the e-commerce giant gain share in consumables at the expense of Wal-Mart (WMT), Target (TGT), Walgreens (WBA) and CVS Health (CVS). Cowen has Outperform ratings on Amazon and Target and a Market Perform rating on shares of Wal-Mart.
September 30, 2015
12:00 EDTTGTTarget management to meet with Jefferies
Meeting to be held in New York on October 5 hosted by Jefferies.
11:13 EDTTGTTarget announces expansion of price matching policy
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September 29, 2015
07:11 EDTTGTWal-Mart expands pick-up service to new markets, Fortune says
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