Yes, Target beat earnings. But with growth slowing, it may no longer be a stock worth buying.Target (TGT 12.44%) stock exploded 12% higher through 11:15 a.m. after the company beat Wall Street analyst forecasts for second-quarter sales and earnings Wednesday morning.Heading into the quarter, analysts forecast Target would earn $2.18 per share on sales of $25.2 billion -- but Target beat those forecasts with a stick. Sales were $25.4 billion, while earnings came in at a strong $2.57 per share. Target's Q2 ea ...

Daniel GrizeljIntroduction It's time to talk about a fascinating company. Target Corporation (NYSE:TGT) isn't just one of America's favorite consumer stocks, but also a company studied intensively by supply chain and transportation experts, as it tells us so much about the state of the consumer and the transportation industry. According to Statista, which used Journal of Commerce data, Target imported close to 780,000 TEUs in 2022. In this case, TEU stands for twenty-foot equivalent unit containers. Onl ...

Target (TGT) executives addressed the health of the American consumer, the importance of the retailer's same-day services, and more in Wednesday's second-quarter earnings call. Target's Q2 results surpassed estimates, sending its stock up 12% as of 11:30 a.m. ET Wednesday. The retailer also lifted its outlook for full-year earnings per share (EPS), but said it expects comparable store sales on the low end of its prior projection of flat to 2% growth. Discretionary Spending Outlook Target Chief Commercia ...

To gain an edge, this is what you need to know today.Resilient ConsumerPlease click here for an enlarged chart of Target Corp TGT.Note the following:This article is about the big picture, not an individual stock.  The chart of TGT stock is being used to illustrate the point.The U.S. economy is 70% consumer based.  Therefore, prudent investors keep a close eye on consumer behavior.  Lately, there has been a lot of conflicting data about the consumer.This morning, there is new data about consumer behavior fro ...

Target Corporation (TGT) came up with second-quarter fiscal 2024 results, wherein the top and bottom lines not only beat the Zacks Consensus Estimate but also improved year over year. The company achieved comparable sales growth in the quarter, rebounding from past challenges. The retail bellwether witnessed increased traffic both in stores and across digital channels. Markedly, trends improved in discretionary categories, particularly in apparel, along with continued strength in the beauty segment.Followin ...

Target Corporation (NYSE:TGT) Q2 2024 Earnings Call Transcript August 21, 2024 8:00 AM ET Company Participants John Hulbert - VP, IR Brian Cornell - Chair and CEO Rick Gomez - CCO Michael Fiddelke - COO and CFO Conference Call Participants Kate McShane - Goldman Sachs Rupesh Parikh - Oppenheimer Chris Horvers - JPMorgan Simeon Gutman - Morgan Stanley Robby Ohmes - Bank of America Ed Kelly - Wells Fargo Corey Tarlowe - Jefferies Operator Ladies and gentlemen, thank you for standing by. Welcome to the Target ...

Wednesday, August 21st, 2024Pre-market futures are up slightly this morning. This follows a break in the sustained gains on the S&P 500 and Nasdaq yesterday — these streaks had been for eight-straight trading days higher. It would appear market appetites are coming back around today, with the Dow currently up +70 points at this hour, the S&P +11 and the Nasdaq +42 points.Retail Earnings Morning: TGT, M, TJXTarget (TGT Quick Quote - Free Report) shares are jumping higher ahead of the bell on its Q2 report ...

Target TodayTGTTarget$161.27 +18.06 (+12.61%) 52-Week Range$102.93▼$181.86Dividend Yield2.78%P/E Ratio18.10Price Target$174.57Add to WatchlistTarget Corporation NYSE: TGT recently released its earnings report for the second quarter of 2024. The company’s latest report exceeded the expectations of its analyst community, prompting a surge in investor confidence and Target’s stock price. The company reported strong financial performance, driven by a return to comparable sales growth, robust digital sales, and ...

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For the quarter ended July 2024, Target (TGT) reported revenue of $25.45 billion, up 2.7% over the same period last year. EPS came in at $2.57, compared to $1.80 in the year-ago quarter.The reported revenue represents a surprise of +0.89% over the Zacks Consensus Estimate of $25.23 billion. With the consensus EPS estimate being $2.16, the EPS surprise was +18.98%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectatio ...