Core Points - Target has agreed to pay $4.6 million to resolve a class action lawsuit regarding unpaid wages for employees at its New Jersey distribution centers [1] - The lawsuit claims that Target failed to compensate employees for time spent on mandatory security screenings and walking to and from their workstations [2][3] - Approximately 13,700 current and former employees are expected to qualify for the settlement [1] Legal Context - The class action suit was filed by Krystal Sadler in November 2022, alleging violations of New Jersey wage and hour laws [3] - The lawsuit highlights that "hours worked" under New Jersey law includes time required for mandatory screenings and walking to workstations, which should be compensated [4] - Target denied the allegations but opted to settle to avoid the risks of an uncertain outcome [4] Settlement Details - Of the $4.6 million settlement, $2.75 million will be allocated to a net settlement fund for eligible class members, $1.53 million for attorneys' fees, and $10,000 directly for Sadler [5] - No claim form is required for former employees to receive benefits, and class members will automatically receive settlement benefits unless they opt out [5] - A final approval hearing for the settlement is scheduled for February 24 in a Camden, N.J. federal court [4]

Core Viewpoint - Target is facing challenges in competing with Walmart as consumers, impacted by rising living costs, increasingly seek out bargains [1] Company Summary - Target is struggling to maintain its market position against Walmart due to changing consumer behavior driven by economic pressures [1] Industry Summary - The retail industry is experiencing shifts as shoppers prioritize value and discounts in response to higher living costs, affecting competition among major retailers [1]

Core Viewpoint - Target is under pressure from hedge fund Toms Capital Investment Management, which has made a significant investment in the retailer, leading to a slight increase in share price despite a 26% decline in value this year [1][2]. Group 1: Financial Performance - Target has experienced three consecutive quarters of declining comparable sales, prompting the company to rely on incoming chief Michael Fiddelke for growth revival [2]. - The company's stock has decreased by approximately 26% in value this year [1]. Group 2: Strategic Initiatives - Target plans to invest an additional $1 billion by 2026 for new store openings and remodels as part of its strategy to return to growth [3]. - The company has also reduced its workforce by cutting 1,800 corporate roles as part of a broader restructuring effort [3]. Group 3: Competitive Landscape - Rival Walmart has been gaining market share by focusing on affordable groceries and household essentials, along with efficient doorstep delivery services [2].

智通财经APP获悉，周五，塔吉特(TGT.US)最高上涨6.7%，创7月以来最大涨幅。截至发稿，该股涨幅 收窄至2.3%，报98.84美元。消息面上，激进投资者TOMS资本投资管理公司据悉已对该公司进行重大 投资。 ...

周五，塔吉特(TGT.US)最高上涨6.7%，创7月以来最大涨幅。截至发稿，该股涨幅收窄至2.3%，报98.84 美元。消息面上，激进投资者TOMS资本投资管理公司据悉已对该公司进行重大投资。 ...

本文源自：金融界AI电报 塔吉特(TGT.N)最高上涨6.7%，创7月以来最大涨幅。 ...

Retailer Target is facing pressure from hedge fund Toms Capital Investment Management following a sales drop and a slump in its stock value this year, according to people familiar with the matter, the... ...

Group 1 - Christmas celebrations lead to limited shopping options as many retailers are closed on December 25 [1][2] - Walmart will be closed on Christmas Day and will reopen at 6 AM local time on December 26 [2] - Several other retail stores, including Target, Best Buy, and Kohl's, will also remain closed on Christmas Day [3][5] Group 2 - Many grocery store chains, such as Kroger, Trader Joe's, and Costco, will be closed on December 25, reducing last-minute shopping options [4][5] - Some grocery stores that will remain open include Whole Foods, Harris Teeter, and Wegmans, but options are limited [7] - Families looking to dine out on Christmas Day have options at fast-food and coffee chains, though hours may vary by location [6][8]

Group 1 - Major retailers, including Walmart (WMT) and Target (TGT), will close on December 25 [1][2] - Some pharmacies and convenience stores, such as Walgreens (WBA) and CVS, will operate with adjusted hours [1][2]

Core Insights - High-rolling investors are taking a bearish position on Target (NYSE:TGT), indicating potential privileged information influencing their trades [1] - The sentiment among major traders is mixed, with 35% bullish and 47% bearish, highlighting a significant disparity in market outlook [2] - Major market movers are focusing on a price range between $70.0 and $115.0 for Target over the past three months, suggesting a defined trading band [3] Options Activity - A total of 17 options trades for Target were identified, with one put option valued at $45,400 and 16 call options totaling $1,071,896, indicating a strong interest in bullish positions despite the bearish sentiment [2] - The volume and open interest data for Target's options reveal liquidity and interest levels, particularly within the $70.0 to $115.0 strike price range over the last 30 days [4] Company Overview - Target is one of the largest discount retailers in the U.S., operating nearly 2,000 stores and generating over $106 billion in fiscal 2024 sales [9] - The company's revenue breakdown includes apparel and accessories (16%), beauty and household essentials (30%), food and beverage (23%), hardlines (15%), and home furnishings (16%), with over 97% of sales fulfilled through its physical store base [9] Analyst Ratings - Recent analyst insights suggest an average target price of $110.0 for Target, with one analyst maintaining an In-Line rating at a target price of $95 and another analyst giving a Buy rating with a target price of $125 [11][12] Current Market Status - As of the latest data, Target's stock price is $95.28, reflecting a slight increase of 0.08%, with a trading volume of 3,649,056 [14] - The next earnings report is anticipated in 70 days, which could further influence market sentiment and trading activity [14]