Target upgraded by Deutsche Bank with a new price target
$TGT
Department/Specialty Retail Stores
Consumer Discretionary
Deutsche Bank upgraded Target from Hold to Buy and set a new price target of $206.00 from $149.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/26/2024 | $170.00 → $130.00 | Outperform → Neutral | Daiwa Securities |
| 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 |
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
4 - TARGET CORP (0000027419) (Issuer)
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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.
10-Q - TARGET CORP (0000027419) (Filer)
8-K - TARGET CORP (0000027419) (Filer)
8-K - TARGET CORP (0000027419) (Filer)
More than 600 only-at-Target wellness products, including functional beverages, hair health and wellness technology, will help consumers discover newness at every stage of their wellness journeysMINNEAPOLIS, Jan. 9, 2025 /PRNewswire/ -- Target Corporation (NYSE:TGT) today announced it is doubling down on its commitment to wellness, with plans to introduce more than 2,000 new items across multiple categories, including more than 600 Target exclusives. As the retailer's wellness assortment expands, it is staying affordable, with over half of the new items under $10. The expansion is part of the retailer's strategy to take an integrated approach to wellbeing and infuse it throughout its assortm
MINNEAPOLIS, Dec. 26, 2024 /PRNewswire/ -- Target Corporation (NYSE:TGT) announced that its annual Target Holiday Clearance Event kicks off today with deep deals across its assortment, including clothing, shoes, beauty, toys, holiday decor and more, while supplies last. Consumers will find the biggest savings at the retailer's nearly 2,000 stores, along with additional deals on Target.com and in the Target app. "What I love about clearance is seeing all of the different reasons people shop at Target as the holiday season winds down," said Rick Gomez, executive vice president and chief commercial officer, Target. "Whether you're celebrating later, using a new gift card or getting a jump start
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
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Daiwa Securities downgraded Target from Outperform to Neutral and set a new price target of $130.00 from $170.00 previously
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