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TGT - Target

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by JerryM, May 15, 2016.

  1. JerryM

    JerryM Well-Known Member

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    Target Corporation

    upload_2016-5-15_12-26-24.png
    [​IMG]
    Target Corporation is the second-largest discount retailer in the United States, behind Walmart, and is a component of the S&P 500 Index. Founded by George Dayton and headquartered in Minneapolis, Minnesota, the company was originally named Goodfellow Dry Goods in June 1902 before being renamed the Dayton's Dry Goods Company in 1903 and later the Dayton Company in 1910. The first Target store opened in Roseville, Minnesota in 1962, while the parent company was renamed the Dayton Corporation in 1967. It became the Dayton-Hudson Corporation after merging with the J.L. Hudson Company in 1969, and held ownership of several department store chains including Dayton's, Hudson's, Marshall Field's, and Mervyn's. Wesfarmers began operating an Australian version of Target in 1973, although aside from naming rights, the American and Australian companies are unaffiliated.

    Target established itself as the highest-earning division of the Dayton-Hudson Corporation in the 1970s; it began expanding the store nationwide in the 1980s and introduced new store formats under the Target brand in the 1990s. The parent company was renamed the Target Corporation in 2000 and divested itself of its last department store chains in 2004. It suffered from a highly publicized security breach of customer data and the failure of its short-lived Canadian subsidiary in the early 2010s but experienced revitalized success with its expansion in urban markets the United States.

    As of FY 2015, Target operates 1,792 locations throughout the United States. Their retail formats include the discount store Target, the hypermarket SuperTarget, and "flexible format" stores previously named CityTarget and TargetExpress before being consolidated under the Target branding. Target is often recognized for its emphasis on "the needs of its younger, image-conscious shoppers," whereas its rival Walmart more heavily relies on its strategy of "always low prices."
     
  2. JerryM

    JerryM Well-Known Member

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    This is one to watch this week. They have earnings coming up this Wednesday May 18th. They have a history of the past couple of years on meeting or beating forecasts but could be a little sketchy on this quarter. Not sure how much bad press has been contributing to this downturn but business insider writes at http://www.businessinsider.com/target-boycott-impact-on-sales-2016-5?r=UK&IR=T that a boycott could impact them. Personally I don't expect it will have much of an impact. If earnings come in as expected and forecast not cut this could be an interesting entry area for longer term dividend investors since it is in the 3% dividend range. Target has a 12 year history of raising dividends even during last bear market so it is a fairly solid payer.
     
  3. T0rm3nted

    T0rm3nted Moderator
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    The Ex-Div-Date for TGT is also 5/16 (Dividend Calendar), so if you're a big believer in target going up in the next month, hopefully you're already in!
     
  4. StockJock-e

    StockJock-e Brew Master
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    Longs are praying for some support to come in around $72, or its going to get uglier!
     
  5. StockJock-e

    StockJock-e Brew Master
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    Target tops 1Q profit forecasts
    Target beats 1Q net income expectations, misses revenue forecasts

    MINNEAPOLIS (AP) _ Target Corp. (TGT) on Wednesday reported fiscal first-quarter earnings of $632 million.

    The Minneapolis-based company said it had profit of $1.05 per share. Earnings, adjusted for one-time gains and costs, were $1.29 per share.

    The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.
     
  6. StockJock-e

    StockJock-e Brew Master
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    -7% pre market here
     
  7. JerryM

    JerryM Well-Known Member

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    Target get's punished today as well...

    Retail Pros Dissect Target's 'Scary' Numbers

    11:43 am ET May 18, 2016 (Benzinga) Print

    Target Corporation (NYSE: TGT) reported first quarter results in which the company exceeded Wall Street's expectations in terms of earnings, but fell short on the revenue side.

    Target also issued a downbeat forecast for its second quarter, which Paul Trussell of Deutsche Bank called "scary." The retail analyst was a guest on CNBC.

    According to Trussell, the entire retail sector has "disappointed" investors at a time when investors are debating if the poor results are a reflection of consumer spending their dollars elsewhere, such as online or at off-price retailers.

    Related Link: Infographic: How Big Box Stores Can Beat Amazon, Save Christmas, And Make Billions

    However, Trussell said Target's guidance is "scary," especially for a "bread and butter retailer" that's considered an "every day" retailer that consumers typically visit for various products.

    He continued that Target's deceleration guidance "puts us in question about the pace of consumer spending on a go-forward basis... well beyond apparel."

    He added that apparel appears to be "the first category" that consumers have "shied away from."

    Stacey Widlitz, President of SW Retail Advisors, was also a guest during the segment and suggested Target is guilty of under-investing in its e-commerce platform as only 4 percent of total sales are derived from its online store.

    She further suggested that it's "scary" how Target will be entering a phase of heavy spending to bolster its online business.
     
  8. StockJock-e

    StockJock-e Brew Master
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    So what does this say about the economy if retail is sucking so badly?

    Are we going to climb the wall of worry yet again?
     
  9. T0rm3nted

    T0rm3nted Moderator
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  10. StockJock-e

    StockJock-e Brew Master
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    Target EPS $1.23 vs. $1.12 estimate; revenue of $16.17B
    http://www.cnbc.com/2016/08/17/target-reports-second-quarter-earnings.html


    Target on Wednesday reported earnings that topped Wall Street's expectations by 11 cents a share and rose slightly over the prior year, while revenue was roughly in line.

    Still, the company lowered its guidance for the full year, citing what it characterized as a "difficult" retail environment. The retailer's shares fell 5 percent in premarket trading.

    "While we recognize there are opportunities in the business, and are addressing the challenges we are facing in a difficult retail environment, we are pleased that our team delivered second quarter profitability above our expectations," Chairman and CEO Brian Cornell said in a statement.
     
  11. StockJock-e

    StockJock-e Brew Master
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    -6% hit so far
     
  12. LloydWCoutee

    LloydWCoutee Active Member

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    Target Corp.'s outperform rating reiterated at Cowen and Company. under 70.5 i would be looking for short opportunities on break.
     
  13. T0rm3nted

    T0rm3nted Moderator
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    Upcoming dividend information:

    Ex-Div-Date
    : 11/14/16
    Payment Date: 12/10/16
    Dividend: $0.60
    Current Price: $66.53
    Annual Yield: 3.61%
     
  14. bigbear0083

    bigbear0083 Content Manager
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  15. Tiptopptrader

    Tiptopptrader Well-Known Member

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    TGT raises profit forecast; earnings rise

    upload_2016-11-16_6-41-44.png
     
  16. T0rm3nted

    T0rm3nted Moderator
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    Couldn't hold it's open price, but was able to hold previous support/former resistance turned support.
     
  17. aaa

    aaa Member

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    Target reports Q4 today. The stock has had a bearish outlook and underperformed the S&P and some peers in 2016. Its holiday sales in November and December were not encouraging, leading to a revision in guidance for Q4 and fiscal 2016. However, growth in EBITDA margins and digital sales give reasons for optimism towards future numbers and a relatively lower valuation demand investor attention.

    It would pay the investors to look beyond tepid revenue and sales growth numbers. In its last quarter, its gross margins and EBITDA margins both showed a yoy increase of 80bps and 130bps respectively. Its e-commerce sales also showed a jump of 26% in Q3, much larger than the 16% jump in Q2'16. Also, as per Morningstar, the stock is currently valued at 12 times P/E, which is a lot less than the S&P P/E of 21 and industry average of 17.

    In the upcoming report, investors could consider understanding digital channel expansion and also the performance of smaller format stores as areas of future revenue growth. The company initiatives around technological advancements, developing new and flexible store formats, attempts at improving customer experience could contribute to driving long-term growth.

    Is investor pessimism about $TGT's performance justified?
     
  18. T0rm3nted

    T0rm3nted Moderator
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    Down nearly 15% on an earnings miss

    upload_2017-2-28_6-20-57.png
     
  19. fidelgeorge

    fidelgeorge Well-Known Member

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    Shares of Target ($TGT) are likely to come under pressure in early trading after the retail giant reported weaker than expected fourth quarter earnings and provided disappointing guidance for fiscal 2017.
     
  20. Jack Levy

    Jack Levy Well-Known Member

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    Overreaction is still beyond insane. Buy these levels with everything you can. TGT not going to be bug Amazon crushes. 70 in due time.
     
    Charles Noble and fidelgeorge like this.

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