Bernstein initiated coverage on Target with a new price target
$TGT
Department/Specialty Retail Stores
Consumer Discretionary
Bernstein initiated coverage of Target with a rating of Mkt Perform and set a new price target of $168.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/21/2024 | $195.00 → $150.00 | Outperform | Telsey Advisory Group |
| 11/20/2024 | $138.00 | Buy → Hold | HSBC Securities |
| 11/20/2024 | $108.00 | Buy → Hold | Deutsche Bank |
| 11/20/2024 | $130.00 | Buy → Neutral | Citigroup |
| 10/22/2024 | $168.00 | Mkt Perform | Bernstein |
| 8/26/2024 | $170.00 | Neutral → Outperform | Daiwa Securities |
| 8/22/2024 | $158.00 → $160.00 | In-line | Evercore ISI |
| 8/22/2024 | $190.00 → $195.00 | Outperform | Telsey Advisory Group |
Telsey Advisory Group reiterated coverage of Target with a rating of Outperform and set a new price target of $150.00 from $195.00 previously
HSBC Securities downgraded Target from Buy to Hold and set a new price target of $138.00
Deutsche Bank downgraded Target from Buy to Hold and set a new price target of $108.00
MINNEAPOLIS, Nov. 20, 2024 /PRNewswire/ -- Third quarter comparable sales increased 0.3 percent, driven by strong traffic and digital performance.Guest traffic grew 2.4 percent over the prior year.Digital comparable sales grew 10.8 percent reflecting nearly 20 percent growth in same-day delivery powered by Target Circle 360™ and double digit growth in Drive Up. Beauty comparable sales grew more than 6 percent. Food & Beverage and Essentials categories grew low-single digits compared to the prior year.Third quarter gross margin rate was down 0.2 percentage points to the prior year. Year-to-date, gross margin rate has expanded by a full percentage point compared to last year.Third quarter GAAP
MINNEAPOLIS, Nov. 19, 2024 /PRNewswire/ -- WHAT: Target Corporation's (NYSE:TGT) webcast of its third quarter earnings conference call. WHEN: Wednesday, November 20, 2024 - 7:00 a.m. central time HOW: Investors and the media are invited to listen to the call through the company's website at Corporate.Target.com/Investors (click on the link under "Events & Presentations") WHO: Minneapolis-based Target Corporation (NYSE:TGT) serves guests at nearly 2,000 stores and at Target.com, with the purpose of helping all families discover the joy of everyday life. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dollars a week. Additional company information c
MINNEAPOLIS, Sept. 18, 2024 /PRNewswire/ -- The board of directors of Target Corporation (NYSE:TGT) has declared a quarterly dividend of $1.12 per common share. The dividend is payable December 10, 2024 to shareholders of record at the close of business November 20, 2024. The 4th quarter dividend will be the company's 229th consecutive dividend paid since October 1967 when the company became publicly held. About TargetMinneapolis-based Target Corporation (NYSE:TGT) serves guests at nearly 2,000 stores and at Target.com, with the purpose of helping all families discover the joy of everyday life. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dol
MINNEAPOLIS, Nov. 20, 2024 /PRNewswire/ -- Third quarter comparable sales increased 0.3 percent, driven by strong traffic and digital performance.Guest traffic grew 2.4 percent over the prior year.Digital comparable sales grew 10.8 percent reflecting nearly 20 percent growth in same-day delivery powered by Target Circle 360™ and double digit growth in Drive Up. Beauty comparable sales grew more than 6 percent. Food & Beverage and Essentials categories grew low-single digits compared to the prior year.Third quarter gross margin rate was down 0.2 percentage points to the prior year. Year-to-date, gross margin rate has expanded by a full percentage point compared to last year.Third quarter GAAP
MINNEAPOLIS, Nov. 19, 2024 /PRNewswire/ -- WHAT: Target Corporation's (NYSE:TGT) webcast of its third quarter earnings conference call. WHEN: Wednesday, November 20, 2024 - 7:00 a.m. central time HOW: Investors and the media are invited to listen to the call through the company's website at Corporate.Target.com/Investors (click on the link under "Events & Presentations") WHO: Minneapolis-based Target Corporation (NYSE:TGT) serves guests at nearly 2,000 stores and at Target.com, with the purpose of helping all families discover the joy of everyday life. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dollars a week. Additional company information c
Retailer brings back its popular Thanksgiving meal featuring turkey, stuffing and five additional side dishes for $5 less than last yearTarget helps consumers stretch their budgets with turkey prices 20% lower per pound than last year, and many side dishes and desserts under $5Thanksgiving eve is one of the most popular pizza days of the year as families prep for the holiday, so Target is offering Target Circle 360 members a free frozen pizza with a same-day delivery order Nov. 13-16MINNEAPOLIS, Oct. 28, 2024 /PRNewswire/ -- Target Corporation (NYSE:TGT) today announced it is lowering the price of its Thanksgiving meal. At just $201, it is $5 less than last year's offering. The retailer also
The parent company of well-known non-fungible token collection Pudgy Penguins has raised $11 million from investors including Founders Fund to help launch a consumer-focused blockchain for the mass adoption of cryptocurrency. What Happened: Since being acquired by Luca Netz for 750 Ethereum (CRYPTO: ETH) in 2022, Pudgy Penguins has emerged as a leading NFT collection, with its consumer products now available in major retailers worldwide. The company has launched plushies, keychains, blind bags and more inside the likes of Walmart Inc (NYSE:WMT), Target (NYSE:TGT), Five Below (NASDAQ:FIVE) and on Amazon.com Inc (NASDAQ:AMZN). Now the attention of Igloo Inc, the parent company of Pudg
Investors, including Nvidia Corp. (NASDAQ:NVDA), have invested about $27 million in the networking software startup Arrcus Inc. in the latest round of funding to enhance its platform for managing data traffic more efficiently. The investment round saw participation from Saudi Aramco's venture arm Prosperity7 Ventures, Hitachi Ventures, and General Catalyst, among others, Bloomberg reports. The San Jose-based company, which counts SoftBank Corp (OTC:SFTBY) and Target Corp (NYSE:TGT) among its 50 clients, intends to use the funds to expand globally and enhance its technology. With the rise of artificial intelligence, the demand for robust networks connecting enterprises, data centers,
Amazon.com, Inc. (NASDAQ:AMZN) should beat last year’s Prime Day results due to “early access deals,” analysts say. Bank of America (NYSE:BAC) expects sales for this year’s 48-hour sales spree to jump 7% to $13 billion, beating the 6.1% sales leap to $12.7 billion posted during last year’s Prime Day, CNBC report citing Adobe Analytics. “In our view, this year’s press release was more focused on early access deals and discounted services than last year, which could pull forward some sales out of Prime Day(s),” the bank said in a note on Monday Amazon will offer discounts on hundreds of items over the two days to consumers with Amazon Prime memberships, including 57% off an Amazon Fir
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A highly skilled leader with more than 25 years of financial, strategy and business experience at PepsiCo, Lee will oversee Target's finance function and join its leadership teamLee succeeds Michael Fiddelke, Target's chief operating officerMINNEAPOLIS, Sept. 19, 2024 /PRNewswire/ -- Target Corporation (NYSE:TGT) today announced that Jim Lee has been named chief financial officer and a member of its leadership team effective Sept. 22. In his new role, Lee will be responsible for financial planning and analysis, finance capabilities, internal audit, accounting, investor relations, treasury, tax, risk, financial products and services and corporate development. He succeeds Michael Fiddelke, Tar
Members of the free-to-join Target Circle program can save early on back-to-school essentials including 30% off select backpacks and kids' school uniforms throughout Target Circle Week, the retailer's biggest sale of the seasonTarget Circle members can access deep savings of up to 50% off select toys, up to 40% off kitchen items and 30% off family apparel, bedding and bathConsumers can join the retailer's new paid subscription, Target Circle 360, for just $49 (reg. $99) if they sign up between July 7-13MINNEAPOLIS, June 25, 2024 /PRNewswire/ -- Target Corporation (NYSE:TGT) today announced that its biggest sale of the season, Target Circle Week, is returning July 7-13, featuring savings on s
MINNEAPOLIS, June 25, 2024 /PRNewswire/ -- Target Corporation (NYSE:TGT) today announced it has named Christina Hennington, currently chief growth officer, as chief strategy and growth officer, and Rick Gomez, currently chief food, essentials and beauty officer, as chief commercial officer, overseeing Target's merchandising business, both effective July 7. Lisa Roath, Target's chief marketing officer, will take on the role of chief merchandising officer of food, essentials and beauty in early 2025. The company is initiating an external search for its next chief marketing officer and, until a successor is named, Roath will remain in full capacity as chief marketing officer.