Key TakeawaysInflation-wary Target shoppers are watching for sales, and stocking up on discounted items, Target said.People haven't had such a strong reaction to promotions in a while, the retailer said.Fewer big-ticket discretionary items are selling, but people are still looking for small splurges. Target shoppers are all-in on deals. Customers are taking a calculated approach to shopping, Target (TGT) said, noting as it reported its latest financial results that its customers have said their budgets rema ...

Target Corporation TGT shares are trading lower on Wednesday after it reported weak third-quarter results and slashed FY24 outlook.The company reported third-quarter adjusted earnings per share of $1.85, missing the street view of $2.30.For FY24, the company now forecasts adjusted EPS between $8.30 and $8.90, down from the previous guidance of $9.00 to $9.70. The revised FY24 EPS outlook is also below the consensus estimate of $9.55.Here are the analyst’s take on the earnings performance:JP Morgan analyst C ...

Target's stock price has fallen after a challenging financial update. (Photo by Robyn Beck / AFP) ... [+] (Photo by ROBYN BECK/AFP via Getty Images)AFP via Getty ImagesTarget Corp. has reported disappointing third-quarter earnings and revenue despite price-cutting efforts across the board and early holiday promotions.And the Minneapolis-based retailer was hardly helped by far more rousing results from rival and retail titan Walmart.The discount general merchandiser, which posted its biggest miss in earnings ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Target (TGT) stock is dragging the retail sector today, after the company's worst earning miss in two years and disappointing full-year outlook. Apparel names Abercrombie & Fitch Co (NYSE:ANF), Macy's Inc (NYSE:M), and Urban Outfitters, Inc. (NASDAQ:URBN) have third-quarter reports due out before and after the close on Tuesday, Nov 26. With Black Friday coming up as well, now is a good time to check in with these stocks.ANF is down 2.4% to trade at $139.24 at last check, pacing for a third-straight daily lo ...

Target on Wednesday reported earnings and revenue far below expectations, and cut its full-year forecast as inflation-battered customers fled to rivals like Walmart for low-priced essentials — sending shares plummeting more than 20%. The Minneapolis-based company reported a 20% earnings miss, posting earnings per share of $1.85, below expectations of $2.30. It was Target’s largest miss in two years.The disappointing results are in stark contrast to the world’s no. 1 retailer Walmart, which raised its annual ...

Target Corporation (NYSE:TGT) Q3 2024 Earnings Conference Call November 20, 2024 8:00 AM ET Company Participants John Hulbert - VP, IR Brian Cornell - Chair and CEO Rick Gomez - CCO Michael Fiddelke - COO Jim Lee - CFO Conference Call Participants Simeon Gutman - Morgan Stanley Rupesh Parikh - Oppenheimer Kate McShane - Goldman Sachs Michael Lasser - UBS Robby Ohmes - Bank of America Operator Ladies and gentlemen, thank you for standing by. Welcome to the Target Corporation Third Quarter Earnings Release Co ...

Target Corporation (TGT) reported third-quarter fiscal 2024 results, with the top and bottom lines falling short of the Zacks Consensus Estimate. While revenues saw a slight increase, earnings took a significant hit compared to the prior year due to cost pressures.This Minneapolis, MN-based company posted comparable sales growth, but the pace slowed considerably from the preceding quarter. While comparable store sales declined, the drop was more than offset by an increase in comparable digital sales.In resp ...

Target TodayTGTTarget$122.95 -33.05 (-21.19%) 52-Week Range$120.99▼$181.86Dividend Yield3.64%P/E Ratio12.70Price Target$174.80Add to WatchlistWhile Target NYSE: TGT has been a bellwether of retail sector health in recent years, it is not today. The company’s lackluster results are due to its operational quality and lack of relevance in an environment where consumers are budget-conscious. Results from other retailers, including Walmart NYSE: WMT, The TJX Companies NYSE: TJX, and Williams-Sonoma NYSE: WSM, s ...

Target (TGT) reported $25.67 billion in revenue for the quarter ended October 2024, representing a year-over-year increase of 1.1%. EPS of $1.85 for the same period compares to $2.10 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $25.91 billion, representing a surprise of -0.94%. The company delivered an EPS surprise of -19.21%, with the consensus EPS estimate being $2.29.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...