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Target (TGT) PT Raised to $85 at Buckingham Post Q3

Go back to Target (TGT) PT Raised to $85 at Buckingham Post Q3

Target Reports Third Quarter 2016 Earnings

November 16, 2016 6:30 AM EST

GAAP EPS from continuing operations of $1.06, up 40 percent from third quarter 2015

Adjusted EPS of $1.04, up 22 percent from third quarter 2015

Third quarter GAAP EPS from continuing operations of $1.06 and Adjusted EPS of $1.04 were both above the high end of guidance1. Third quarter comparable sales decreased 0.2 percent, near the high-end of the guidance range of flat to down 2 percent. Comparable sales growth in Signature Categories outpaced total comparable sales by more than 3 percentage points; digital channel sales increased by 26 percent.... More