Target Reports Fourth Quarter and Full-Year 2015 Earnings
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Piper Jaffray Remains Bullish Following Target's (TGT) Strong Guidance
February 25, 2016 8:23 AM ESTPiper Jaffray maintained an Overweight rating on Target (NYSE: TGT), and cut the price target to $81.00 (from $84.00), following the company's 4Q. Traffic continues to be the main driver, and was up for the 5th straight quarter. Management expects FY17 comps in the... More
Wells Fargo Remains Bullish as Target's (TGT) 4Q Results Falls Within Guidance
February 24, 2016 11:32 AM ESTWells Fargo reiterated an Outperform rating on Target (NYSE: TGT) following the company's 4Q earnings results. Q4 adjusted EPS of $1.52 missed the consensus of $1.54, but was within the company's guidance range of $1.48 to $1.58. TGT provided Q1 EPS guidance of $1.15-$1.25 vs the Street at $1.20.
Analyst Matt Nemer commented, "Q4 adjusted EPS of $1.52 missed... More
Target (TGT) Misses Q4 EPS by 2c; FY16 EPS Guidance Tops Views
February 24, 2016 8:03 AM ESTTarget (NYSE: TGT) reported Q4 EPS of $1.52, $0.02 worse than the analyst estimate of $1.54. Revenue for the quarter came in at $21.6 billion versus the consensus estimate of $21.75 billion.
Fourth quarter comparable sales increased 1.9 percent, driven by traffic growth of 1.3 percent. Digital channel sales increased 34 percent,... More