Profile
Sector:
Consumer DefensiveIndustry:
Discount StoresCountry:
United StatesIPO:
18 October 1967Website:
http://corporate.target.comNext earnings report:
05 March 2025Last dividends:
20 November 2024Next dividends:
N/APrice
after hours | Sat, 23 Nov 2024 00:59:18 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
TGT Latest News
Here are some key companies whose stock prices changed due to the news this week.
Target's stock dropped significantly after the earnings report, but were the results really that poor?
Target's (TGT) stock has dropped more than 20% following a disappointing Q3 report, while Nvidia's shares have remained relatively stable even though the company exceeded expectations and achieved another record in revenue for the quarter.
Levi & Korsinsky has informed investors that it is starting an investigation into Target Corporation (NYSE:TGT) for potential breaches of federal securities laws. On November 20, 2024, Target announced earnings that fell significantly short of Wall Street's predictions, attributing this to lower-than-anticipated demand.
Due to Target Corporation's poor outlook for the holiday season and a decline in non-essential items, I am giving it a "Sell" rating with a target price of $112 per share. Although digital sales grew by 10.8%, the company's physical stores experienced a 1.9% drop in comparable sales. Problems such as managing product variety and supply chains, along with strong competition, are causing Target to lag behind Walmart.
Target did not meet expectations in the third quarter, with results falling short. As a result, investors reacted negatively, causing the stock to drop by over 20% on Wednesday. Although customers liked Target's discounts, investors were not as pleased.
In a second drilling attempt, several gold-rich sections have been identified, forming an ore shoot that measures 130 meters in length and 50 meters in width, with visible gold present.
On Thursday, the United Nations climate organization released new options for the main aim of the COP29 summit, which is to decide how much financial support wealthier countries should give to poorer nations to help them tackle climate change.
For the most recent market updates, visit finance.yahoo.com. On Wednesday morning, Target (TGT) shares dropped over 20% after the company lowered its full-year forecast and did not meet Wall Street's expectations for earnings per share and revenue in the third quarter. Target now anticipates full-year earnings per share to be between $8.30 and $8.90, down from its previous estimate of $9.00 to $9.70.
Jim Cramer from CNBC mentioned that consumers are no longer prioritizing brand names, but rather looking for companies that offer the best value. He noted that due to rising prices in recent years, people are becoming less loyal to specific brands.
What type of business is Target?
Target Corporation is an American company that owns and operates a chain of retail stores. It was founded in 1902, initially as a few stores selling dry goods under the name Dayton Dry Goods. Target stores offer a wide range of consumer goods, from food products, household items, and electronics to jewelry. A significant portion of the products in Target stores are from the company's own brands: A New Day, Archer Farms, Art Class, Ava & Viv, Boots & Barkley, Bullseye's Playground, Cat & Jack, Cloud Island, Embark, Gilligan & O'Malley, Goodfellow & Co, heyday, Hyde & Eek! Boutique. There are also exclusive brands such as C9 by Champion, DENIZEN® from Levi's, Fieldcrest, Genuine Kids from OshKosh, and others.
What sector is Target in?
Target is in the Consumer Defensive sector
What industry is Target in?
Target is in the Discount Stores industry
What country is Target from?
Target is headquartered in United States
When did Target go public?
Target initial public offering (IPO) was on 18 October 1967
What is Target website?
https://corporate.target.com
Is Target in the S&P 500?
Yes, Target is included in the S&P 500 index
Is Target in the NASDAQ 100?
No, Target is not included in the NASDAQ 100 index
Is Target in the Dow Jones?
No, Target is not included in the Dow Jones index
When was Target the previous earnings report?
No data
When does Target earnings report?
The next expected earnings date for Target is 05 March 2025