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The Latest Breaking News from Target Corp

Target Corp (NYSE:TGT) has increased its quarterly dividend by 20% to $1.08 per share from the prior quarterly dividend of $0.90. The dividend is payable on September 10, 2022, to shareholders of record at the close of business on August 17, 2022. Target held $1.1 billion in cash and equivalents as of April 30, 2022.…

Benzinga

US stocks will confront an earnings recession by the end of 2022

There are pervasive, and increasingly pronounced, signs that U.S. equities will be in a profit recession before the end of this year. Target Corp.’s warning on margins yesterday is emblematic of the problems faced by firms in an inflationary regime. Even if an economy-wide recession is avoided, the backdrop for…

Tribune News Service

Andrea Felsted: Target's oversupply problem should scare all retailers

Target Corp. is off target again.

Tribune News Service

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Target will slash prices, warns profit will shrink this summer

MINNEAPOLIS — Target Corp. will cut prices, cancel orders and take other steps to cut its bloated inventory, moves that will lower its profit in the current quarter more than executives thought just three weeks ago.

Tribune News Service

Why Costco Stock Is Sliding Today

Costco Wholesale Corp (NASDAQ: COST) shares are trading lower alongside several retailers in sympathy with Target Corp (NYSE: TGT), which announced an inventory optimization plan that will result in addition

Benzinga

Why Walmart Stock Is Falling Today

Walmart Inc (NYSE: WMT) shares are trading lower alongside several retailers in sympathy with Target Corp (NYSE: TGT), which announced an inventory optimization plan that will result in additional second-quarter&nbs

Benzinga

Why Target Stock Is Sliding Today

Target Corp (NYSE: TGT) shares are trading lower Tuesday after the company announced an inventory optimization plan, which will result in additional second-quarter costs.

Benzinga

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Amazon Explores Service That Could Reduce Its Capex

Amazon.com Inc (NASDAQ:AMZN) tested a service using its sprawling network of gig drivers to fetch packages from mall-based retailers and deliver them to customers, Bloomberg reports. Amazon can entertain shoppers seeking same-day or quicker shipping with a local mall store products struggling to remain relevant as shoppers flocked online. The program will…

Benzinga

Target Analysts Take Aim At Stock's Future: What They're Saying After Q1 Earnings

Target Corp (NYSE: TGT) reported worse-than-expected earnings results on Wednesday, which led several analysts to lower price targets on the stock.

Benzinga

Inflation crushes Target's profit, shares plunge 25%

Inflation smacked Target Corp. over the past three months, leading to a profit drop that surprised investors and triggered a huge selloff of its stock.

Tribune News Service

After prospering in the pandemic, Target is now a symbol of inflation's impact

Target Corp., whose growth in the pandemic pushed its stock to record heights, on Wednesday became a symbol of inflation's toll on the American economy.

Tribune News Service

Why This Investor Sold Lululemon Stock Following Target's Earnings

Virtus Investment Partners' Joe Terranova has been slashing positions from his portfolio this week, but he decided to hold Lululemon Athletica Inc (NASDAQ: LULU) through Target Corp's (NYSE:

Benzinga

What's Going On With Dick's Sporting Goods Stock?

Dick's Sporting Goods Inc (NYSE: DKS) shares are falling on Wednesday alongside several other retailers after Target Corp (NYSE: TGT) announced worse-than-expected earnings results.

Benzinga

Target's Ripple Effect On Retail: Why Macy's Stock Is Moving Lower

Macy's Inc (NYSE: M) shares are trading lower Wednesday alongside several other retailers after Target Corp (NYSE: TGT) announced worse-than-expected earnings results.

Benzinga

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Benzinga

What's Going On With Dollar Tree Stock Today?

Dollar Tree Inc (NASDAQ: DLTR) shares are trading lower Wednesday alongside several other retailers after Target Corp (NYSE: TGT) announced worse-than-expected earnings results.

Benzinga

Why Kohl's Shares Are Falling Today

Kohl's Corp (NYSE: KSS) shares are trading lower Wednesday alongside several other retailers after Target Corp (NYSE: TGT) announced worse-than-expected earnings results.

Benzinga

Best Buy Stock Hits 52-Week Low: What's Going On?

Best Buy Co Inc (NYSE: BBY) shares are trading lower Wednesday alongside several other retailers after Target Corp (NYSE: TGT) announced worse-than-expected earnings results.

Benzinga

What's Going On With Costco Stock Today?

Costco Wholesale Corp (NASDAQ: COST) shares are trading lower Wednesday alongside several other retailers after Target Corp (NYSE: TGT) announced worse-than-expected earnings results.

Get all your
news in one place.

100's of premium titles.
One news app.

Benzinga

Target Shares Plunge On Q1 Bottom-Line Miss, Margin Pressure

Target Corp (NYSE:TGT) reported first-quarter FY22 sales growth of 4% year-on-year to $25.17 billion, beating the consensus of $24.37 billion. Comparable sales grew 3.3%. Comparable store sales increased 3.4%, and comparable digital sales rose 3.2%. Sales by stores constituted 81.8% of total sales, while digital channel sales represented 18.2%. Gross margin for the…

Benzinga

'We Faced Unexpectedly High Costs': Why Target Shares Are Falling Today

Target Corp (NYSE: TGT) shares are trading significantly lower Wednesday after the company announced worse-than-expected earnings results and reported an unexpected drop in operating income margin rate.

Tribune News Service

Parmy Olson: Online privacy becomes critical if Roe v. Wade is overturned

About 10 years ago, a story about Target Corp.’s uncanny ability to detect a customer’s pregnancy made waves. An angry man had gone into a Target store in Minneapolis, demanding to speak to a manager and flashing coupons that his teenage daughter had received in the mail for baby clothes…

Benzinga

What's Up With Target Shares Today?

Target Corp (NYSE: TGT) shares are trading higher Thursday after Barclays named the stock a top pick in the retail sector.

Benzinga

Newell's NUK Launches Sustainable Baby Products

Newell Brands Inc (NASDAQ:NWL) owned baby care products maker NUK has launched its first sustainable collection, NUK For Nature. The sustainable collection consists of pacifiers, cups, plates, bowls, and baby utensils. The products in the collection use recycled and recyclable packaging and include instructions from How2Recycle disposal methods. Antoine Forbin, President of…

Benzinga

Target Tests First Net Zero Energy Store In California

Target Corp (NYSE:TGT) said its Vista, California store is the most sustainable store to date as it will generate more renewable energy than it needs annually to operate. The store is expected to generate renewable energy through 3,420 solar panels across its roof and newly installed carport canopies. Target has applied for net-zero…

Benzinga

If You Invested $1,000 In Target When It Acquired Shipt, Here's How Much You'd Have Now

In late 2017, retailer Target Corp (NYSE: TGT) announced an acquisition to help boost its delivery and digital sales. The acquisition proved to be one that helped power the company’s growth during the COVID-19 pandemic and has also rewarded shareholders since the time of the announcement.

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