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News Breaks | | | | February 27, 2013 | | 10:50 EDT |  | TGT | Target says has 'tempered' view of near-term sales environment
Says mobile sales and traffic are growing at a triple digit pace. Says expects to open its first 24 Canadian stores by early April; plans to open 124 Canadian Target stores in five waves before the Christmas holiday season. Plans to open 15-20 new stores in the U.S. this year. Says to test pay online, pick up in-store and pay in one store, pick up in another store; says will also test allowing shoppers to pay online and have items shipped from store, including same-day delivery. Comments made on the Q4 earnings conference call. | |
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News For TGT From The Last 14 Days Check below for free stories on TGT the last two weeks. |
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| May 23, 2013 | | 14:45 EDT |  | TGT | Retailers file new suit against card companies over swipe fees, Bloomberg says
 Subscribe for More Information | | | 11:59 EDT | | TGT | Retailers file suit against Visa, MasterCard over credit cards, Bloomberg says
Subscribe for More Information | | | 08:06 EDT |  | TGT | Target positive catalysts still intact, says Wells Fargo
Subscribe for More Information | | | May 22, 2013 | | 16:25 EDT |  | TGT | On The Fly: Closing Wrap
Stocks on Wall Street were sharply lower following a day where the Fed dominated the news. The averages were higher early in the session as Fed Chairman Ben Bernanke testified in front of Congress. However, the averages crossed into negative ground as Bernanke's comments on the potential for future QE tapering were digested. The selling accelerated in the late hours of the session following the release of the minutes from the Fed's last FOMC meeting. ECONOMIC EVENTS: In the U.S., Federal Reserve Chairman Ben Bernanke delivered testimony before the Joint Economic Committee of Congress, stating that premature tightening of monetary policy would carry a "substantial risk" of slowing or ending the economic recovery. Bernanke, however, also said the central bank could begin winding down its bond-buying program at one of its "next few meetings" if the economy continues to improve. The FOMC minutes, released at 2:00 pm ET, indicated that some committee members expressed a willingness to adjust assets purchases, though some disagreement existed over what economic data would be needed to begin such a program. The minutes also said some members might want to cut asset purchases by as soon as June. The National Association of Realtors said existing home sales advanced 0.6% to an annual rate of 4.97M units in April, which was the highest level since November 2009 but still below expectations for a rise to a 4.99M-unit rate. COMPANY NEWS: Target (TGT) shares lost $2.86, or 4.01%, to $68.40 after the company's first quarter report, which it called "disappointing." The company also cut its full-year earnings and same-store sales views. MAJOR MOVERS: Among notable gainers was Saks (SKS), up $1.83, or 13.39%, to $15.50 after the New York Post said the company hired Goldman Sachs (GS) to explore strategic alternatives and Bloomberg said KKR (KKR) was considering a stake in the luxury retailer. Also higher following its better-then-expected quarterly results was Zale (ZLC), which advanced $1.20, or 22.22%, to $6.60. Among noteworthy losers were a number of Solar stocks, including Trina Solar (TSL), down $1.07, or 14.9%, to $6.11, and SunPower (SPWR), down $1.81, or 8.62%, to $19.19 after China's Xinhua news agency said early talks between Europe and China to resolve their fight over solar panel trade rules had failed. Also lower was SolarWinds (SWI), down $6.57, or 13.71%, to $41.34 after the company said it will acquire N-able for $120M and its shares were downgraded at research firm Pacific Crest. INDICES: The Dow was down 80.41, or 0.52%, to 15,307.17; the Nasdaq was down 38.82, or 1.11%, to 3,463.30; and the S&P 500 was down 13.81, or 0.83%, to 1,655.35. | | | 12:20 EDT | | TGT | On The Fly: Midday Wrap
Subscribe for More Information | | | 11:13 EDT |  | TGT | Target continues to see EPS of $8 or more by 2017
Subscribe for More Information | | | 11:10 EDT | | TGT | Target lowers FY13 SSS view to 2%-2.5% from prior view 2.7%
Subscribe for More Information | | | 11:08 EDT | | TGT | Target sees Q2 SSS 2%-3%
| | | 09:53 EDT |  | TGT | Target slides following earnings, levels to watch
Subscribe for More Information | | | 08:59 EDT | | TGT | On The Fly: Pre-market Movers
Subscribe for More Information | | | | 07:38 EDT | | TGT | Target says 'disappointed' in Q1 performance
Subscribe for More Information | | | 07:35 EDT | | TGT | Target lowers FY13 adjusted EPS view to $4.70-$4.90 from $4.85-$5.05
Subscribe for More Information | | | 07:33 EDT | | TGT | Target sees Q2 adjusted EPS $1.09-$1.19, consensus $1.06
Subscribe for More Information | | | 07:32 EDT | | TGT | Target reports Q1 adjusted EPS with items 77c, consensus 87c
Subscribe for More Information | | | May 21, 2013 | | 15:47 EDT |  | TGT | Target May 72 weekly straddle priced for 2.9% move into Q1
Subscribe for More Information | | | 15:18 EDT | | TGT | Notable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Lowe's (LOW), consensus 51c; Target (TGT), consensus 87c; Staples (SPLS), consensus 27c; Toll Brothers (TOL), consensus 7c; Eaton Vance (EV), consensus 52c; American Eagle Outfitters (AEO), consensus 17c; Booz Allen (BAH), consensus 37c; | | | 07:55 EDT | | TGT | Target Q1 earnings could be confusing, says Susquehanna
Susquehanna believes Target's Q1 earnings could prove confusing on an initial basis but views any issues as transitory. The firm expects the company's Canadian earnings progression to be a powerful catalyst. Shares are Positive rated with a $73 price target. | | | 07:32 EDT |  | TGT | CTIA–The Wireless Association to host a conference
Subscribe for More Information | | | 06:47 EDT | | TGT | Target November volatility elevated at 42 into Q1 and outlook
Subscribe for More Information | | | May 16, 2013 | | 10:02 EDT | | TGT | Target losing traffic, says Buckingham
Buckingham said Target (TGT) is significantly under performing Wal-Mart (WMT) and that its less promotional marketing and consumer offerings are losing traffic. Shares are Neutral rated with a $65 price target. | | |
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