Target seems to be falling behind Walmart in the U.S. market.Target (TGT 0.57%) recently posted its latest earnings report. For the first quarter of fiscal 2024, which ended on May 4, the retail-giant's revenue fell 3% year over year to $24.53 billion but still roughly matched analysts' expectations. Its comparable-store sales dropped nearly 4%, which marked the fourth consecutive quarter of declining comps.On the bottom line, adjusted earnings per share (EPS) dipped 1% to $2.03 and missed the consensus for ...

Target (TGT) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this retailer have returned -11.8%, compared to the Zacks S&P 500 composite's +4.8% change. During this period, the Zacks Retail - Discount Stores industry, which Target falls in, has gained 6.5%. The key question now is: What could be the stock's future direction?Although m ...

Core Viewpoint - Smith & Wesson (NASDAQ:SWBI) is considered an undervalued company with potential for M&A activity, especially in light of recent interest in its competitor, Vista Outdoor [1][11]. Group 1: M&A Activity and Market Interest - Vista Outdoor is in discussions to sell its gun business to Czechoslovak Group (CSG), a major European defense company with over $180 billion in revenues, indicating strong market interest in gun-related assets [2]. - A bidding war for Vista Outdoor's gun business has emerged, with MNC Capital increasing its bid to $37.5 per share, reflecting the perceived undervaluation of such assets [2]. - Smith & Wesson's fragmented ownership and low valuation make it an attractive target for both private equity and strategic buyers [2]. Group 2: Financial Performance - Smith & Wesson has shown stable revenues, with notable peaks in 2021 and 2022, and strong cash generation, which has exceeded levels from 2018 despite lower revenues [3]. - The company has not engaged in M&A activities recently, opting instead to reinvest cash into the business or return it to shareholders [3]. Group 3: Valuation Metrics - Smith & Wesson's valuation is appealing when compared to competitors like Sturm, Ruger and Vista Outdoor, with various P/E and EV/EBITDA multiples indicating room for re-rating [4][5]. - The current EV/EBITDA multiple for Smith & Wesson is in the mid-range compared to its peers, but it is expected to improve as the market recognizes the brand's resilience and financial performance [5][9]. - Historical M&A transactions in the sector have averaged an EV/EBITDA multiple above 9x, suggesting potential for Smith & Wesson's multiple to increase [6][8]. Group 4: Future Outlook - The potential for a re-rating exists even without a transaction, as the market may adjust the EV/EBITDA multiple upwards, with a target multiple of 9.5x yielding a fair value of around $18 per share [9]. - The company has a strong brand and has previously achieved record EBITDA levels above $300 million in 2021 and 2022, which could be replicated in the future [9].

Target lost market share in the quarter as consumers looked for lower-priced items.Fool.com contributor Parkev Tatevosian reviews Target's (TGT 0.57%) latest quarterly earnings and answers questions about whether it is an excellent investment for passive income investors.*Stock prices used were the afternoon prices of May 23, 2024. The video was published on May 24, 2024. ...

Key TakeawaysWalmart and Target both recently reported earnings that beat analysts' estimates, but investors reacted differently to their results.Walmart's stock price jumped after the retailer posted its first-quarter financial results, while Target's stock price tumbled after it released its earnings report.Both retailers highlighted how inflation is affecting customers' habits, with spending focused on necessities amid a pullback on discretionary items. However, those trends appeared to benefit Walmart m ...

The U.S. economy is chugging along, with the growth pace moderately decelerating under the weight of the Fed’s tight monetary policy.Many in the market had hoped that at the start of the year, the central bank would have started easing by now. But then inflation readings started misbehaving in the first few months of the year, changing this Fed outlook as a result. The expectation is still for one to two rate cuts this year, but there isn’t a lot of conviction in this outlook.The timing of the first Fed rat ...

Montreal downtown in the autumn jbd30/iStock via Getty Images Note: All amounts disclosed are in Canadian Dollars Just as 2023 was winding down, we switched to a bullish stance on BTB Real Estate Investment Trust (BTBIF, TSX:BTB.UN:CA). While the REIT had its baggage and the office sector downturn was not particularly endearing for a long position, we felt the setup was relatively compelling. Valuation was the primary guide, and the REIT's fundamentals in non-office areas were a close second. While we co ...

Finding long-term stocks to buy in today’s market isn’t easy. Many of the best blue chips, like Target (NYSE:TGT), suffer from inflation concerns and reduced consumer spending, sending shares spiraling and creating uncertain futures. On the other hand, mega-cap tech companies riding high on artificial exuberance may be amid a bubble rivaling the Dot-Com era in scope (only time will tell). We can’t count on imminent rate cuts anymore, either, as inflation stays stubbornly above 3% and well above the Fed’s 2% ...

Despite rising +2% in today’s trading session, Target’s (TGT)  stock is still down -7% since reporting mixed Q1 results on Wednesday.With that being said, let’s see if it’s time to buy stock in the omnichannel retailer for a rebound from its current levels.Q1 Financial Review Target’s Q1 EPS came in at $2.03 which missed the Zacks Consensus of $2.05 per share by -1%. This is despite Q1 sales of $24.53 billion slightly beating estimates of $24.51 billion.Year over year, Q1 earnings dipped -1% while sales fel ...

Colibri Reports Drill Results of 42.7 Metres of 1.0 g/t Gold - Including 3.1 Metres of 10.9 g/t Gold at North Hill Target on the Pilar Gold and Silver Project in SonoraMay 23, 2024 10:18 AM EDT | Source: Colibri Resource CorporationDieppe, New Brunswick--(Newsfile Corp. - May 23, 2024) - Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") is pleased to report that the co-owner of its Pilar Gold & Silver Project in Sonora, Mexico, Tocvan Ventures (51% interest) has announced t ...