ToplineTarget just reported fourth quarter net sales declined 3% and warned that February topline performance was “soft,” after civil rights leaders called for a Target boycott in Black History Month for changing its position on DEI, followed by a sharp drop in traffic to Target stores and website during the Feb. 28 Economic Blackout.FILE - A community member holds a sign calling for a national boycott of Target stores during a news ... [+] conference outside Target Corporation's headquarters in Minneapolis ...

With cautious consumers making forecasting more difficult, Target on Tuesday (March 4) announced a plan to increase revenue by $15 billion over the next five years, a goal that underscores the company’s strategic push to deepen customer engagement through its physical stores and digital platforms.Referencing a “soft topline performance” in February, Chief Financial Officer Jim Lee pointed to a “declining consumer confidence impacted our discretionary assortment overall” during the company’s Q4 and full year ...

I'm a full time value investor and writer who enjoys using classical value ratios to pick my portfolio. Long-term focused on low P/B, P/FCF, Owner Earnings discounting, PEG ratios, the Graham Number and an occasional net-net hunter. I also believe tracking earnings growth versus price appreciation is an essential element to any quality evaluation.I also advocate self-indexing primarily using the Dow Jones Industrial Average as my index of choice combined with Joel Greenblatt's Magic Formula. This can help w ...

Core Strategy - Target Corporation aims to drive billions of dollars in profitable sales growth across its multi-channel business by 2030 through ongoing investments and strategic initiatives [1] - The company focuses on enhancing consumer traffic, improving speed and reliability, and accelerating digital capabilities to create a differentiated shopping experience [1][2] Product and Experience Enhancement - Target plans to offer more newness, quality, and relevance in its product assortment, particularly in core discretionary and frequency categories [2] - The retailer will blend physical, digital, and social commerce experiences to redefine omnichannel shopping [2][3] Category Innovations - A multi-year initiative starting in 2025 will focus on reinventing key product categories such as gaming, sports, and toys, enhancing in-store experiences [4] - Target will launch new collaborations with chefs and expand its owned brands, introducing 600 new food and beverage items and refreshing pet supplies [4] Technology and Digital Expansion - The company will innovate with AI-driven personalization and enhance its digital ecosystem, aiming to grow third-party digital sales from approximately $1 billion in 2024 to over $5 billion by 2030 [4][5] - Target plans to double the size of its in-house media company, Roundel, which generated over $2 billion in value last year [5] Supply Chain and Fulfillment - Investments will be made to improve supply chain and fulfillment capabilities, ensuring faster product delivery and enhanced reliability [3][6] - The company is modernizing its inventory management system with AI technology to improve efficiency and reduce out-of-stocks [8] Store Expansion and Remodeling - Target plans to open around 20 new stores and remodel many existing locations as part of a strategy to add over 300 stores in the next decade [8] - The stores will serve as hubs for efficient fulfillment operations and support digital growth [8] Loyalty Program and Customer Engagement - The Target Circle loyalty program saw over 13 million members in 2024, with plans to triple its membership base through new perks and partnerships [8] - The retailer aims to enhance same-day services, which were the fastest-growing shopping mode in 2024, by improving awareness and convenience [8]

Target Corporation (TGT) reported fourth-quarter fiscal 2024 results, with the top and bottom lines surpassing the Zacks Consensus Estimate. Comparable sales growth also accelerated from the preceding quarter. Better-than-expected results were driven by a stellar performance in beauty, apparel, entertainment, sporting goods and toys. However, the Minneapolis-based retailer issued a cautious first-quarter fiscal 2025 view. Target anticipates significant year-over-year profit pressure in the first quarter com ...

Core Insights - The CEOs of Target and Best Buy have expressed concerns that new tariffs will pressure profits and increase consumer prices [1][3][9] - The U.S. has imposed a 25% tariff on goods from Canada and Mexico and doubled tariffs on Chinese imports, escalating a trade war [2][5] - Retailers anticipate that the costs from tariffs will be passed on to consumers, leading to price increases [4][7] Company-Specific Insights - Target's CEO, Brian Cornell, indicated that price increases on imported fruits and vegetables are likely within days due to tariffs on Mexico [1][3] - Best Buy's CEO, Corie Barry, noted that while the company directly imports only 2% to 3% of its products, vendors are expected to pass tariff costs to retailers, resulting in higher prices for consumers [4] - Both companies expect meaningful profit pressure in the first quarter compared to the rest of the year due to tariff uncertainties [3] Industry-Wide Concerns - Other retailers, including Dollar Tree and Walmart, have raised alarms about the impact of tariffs on product costs and inventory management [7][9] - Goldman Sachs has also highlighted that increased tariffs will likely lead to higher costs for American consumers [9]

Shares of Target Corp TGT were trading lower on Tuesday, after the company reported its fourth-quarter results.The results came in amid an exciting earnings season. Here are some key analyst takeaways.Telsey Advisory Group On TargetAnalyst Joseph Feldman reiterated an Outperform rating and price target of $150.Target reported its fourth-quarter earnings at $2.41 per share, beating consensus of $2.26 per share, with in-line comps and better-than-expected operating margins, Feldman said in a note. Although tr ...

Target plans to double down on its third-party marketplace, media network and same day delivery services to drive more than $15 billion in revenue growth over the next five years, it said Tuesday at an investor meeting in New York City. The retailer's plans to grow its business and better compete against rivals like Walmart and Amazon come as Target finds itself in a rough patch, struggling to grow sales of high-margin discretionary merchandise and reclaim its competitive advantage. Shares of Target fell mo ...

Good earnings news wasn't great news for Target (TGT -6.28%) stock this morning, after the big-box retailer announced a sizable earnings beat Tuesday, then saw its stock sell off.Analysts forecast Target would earn $2.25 per share on fiscal fourth-quarter sales of $30.4 billion (Target's fiscal year ended Feb. 1, 2025). In fact, Target earned $2.41 per share, and sales exceeded $30.9 billion. Regardless, Target shares were down 5.2% through 10 a.m. ET. Target Q4 earningsTarget noted that its same-store sale ...

For the quarter ended January 2025, Target (TGT) reported revenue of $30.92 billion, down 3.2% over the same period last year. EPS came in at $2.41, compared to $2.98 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $30.77 billion, representing a surprise of +0.48%. The company delivered an EPS surprise of +7.11%, with the consensus EPS estimate being $2.25.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street exp ...