Target Reports Fourth Quarter and Full-Year 2015 Earnings
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February 25, 2016 8:23 AM EST
Piper 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
February 24, 2016 11:32 AM EST
Wells 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
February 24, 2016 8:03 AM EST
Target (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,...
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