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TGT / Target cuts outlook but improved margin boosts profit

Target Corporation (NYSE:TGT) lowered annual guidance alongside its second quarter results, but improved margin drove a better-than-expected profit figure pushing shares up 7.5% in pre-market trading. The Minneapolis-based retailer said sales in the three months to July 29 fell 4.9% to $24.38 billion from $25.65 billion the year before, but net earnings leapt more than fourfold to $835 million from $183 million, with EPS of $1.81 ahead of Street expectations of $1.39, and up from $0.40 before. Read More

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TGT

Posted: Aug 16 2023, 07:31

Author Name: Proactive Investors

TGT News

By Invezz
November 4, 2023

Target recovers from its 3-year low with key consumer trends, quarter results in spotlight

Target Corporation (NYSE:TGT) is up nearly 5% in the past five days as optimism builds on the stock. The gain overcame a losing streak that saw the st

By Fox Business
November 3, 2023

Target CEO on consumer spending: 'They're buying less stuff'

Target CEO Brian Cornell weighed in on spending behavior that the retailer has observed among its customers, saying they have been "buying less stuff.

By CNBC
November 2, 2023

Target CEO says shoppers are pulling back, even on groceries

By Zacks Investment Research
October 31, 2023

Target (TGT) Beats Stock Market Upswing: What Investors Need to Know

Target (TGT) reachead $110.79 at the closing of the latest trading day, reflecting a +1.95% change compared to its last close.

By Seeking Alpha
October 28, 2023

Target: Don't Just Window-Shop, Upgrading To Buy On Valuation

Target's sales have been weaker compared to other retail stocks, according to Bank of America card data. Despite this, Target has decent cash flow and

By Zacks Investment Research
October 19, 2023

Target (TGT) Registers a Bigger Fall Than the Market: Important Facts to Note

Target (TGT) closed at $108.36 in the latest trading session, marking a -1.68% move from the prior day.

By The Motley Fool
October 19, 2023

1 Super Safe Dividend Giant to Buy, and 1 to Avoid

Walmart recently raised its fiscal year outlook. Target's customer traffic levels are weak, and executives lowered their sales forecast in mid-August.

By The Motley Fool
October 18, 2023

1 Red Flag for Target Stock Heading Into the Holiday Season

Target's customer traffic trends look weak compared to those of other retailers. Profitability has held up, but lower inventory levels bring their own

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