Target (TGT) PT, Estimates Cut at Buckingham Research Following Miss

MKM Partners Cuts Price Target on Target (TGT) to $70 Following Reported Holiday Sales

January 18, 2017 1:25 PM EST

MKM Partners maintained a Neutral rating on Target (NYSE: TGT), and cut the price target to $70.00 (from $77.00), following the company's reported holiday sales and lowered 4Q16 guidance. Same-store sales for November-December decreased 1.3% vs. prior estimate of flat for all of 4Q16. Digital sales grew more... More

Target (TGT) PT Cut At Morgan Stanley, Says Amazon Likely Casting Wider Shadow Over Firm & Broadline Retail Names

January 18, 2017 9:23 AM EST

Morgan Stanley maintains Underweight on Target (NYSE: tgt) price target of $65.00 (from $67.00).

Analyst Simeon Gutman comments "Targets Q4 top line performance looks similar to department stores', which experienced one of the worst holiday seasons (despite easy compares) since the downturn. Shown... More

Target cuts earnings forecast due to weak holiday sales

January 18, 2017 7:15 AM EST

By Nandita Bose and Aravind K

(Reuters) - Target Corp (NYSE: TGT) became the latest U.S. brick-and-mortar chain to report disappointing results for the holiday season, cutting its quarterly earnings forecast after sales for the crucial November-December period came in lower than expected.

The news on Wednesday sent Target shares down nearly 6 percent.

A sharp rise in holiday digital sales failed to offset declines at Target stores. For many retailers, rapid growth in their online sales is taking business away from their stores, which still generate more than 90 percent of their... More

Target (TGT) volatility flat into announcing comparable sales during the combined November/December period decreased 1.3%

January 18, 2017 7:13 AM EST

Target (NYSE: TGT) January call option implied volatility is at 23, February is at 21; compared to its 52-week range of 16 to 41 into announcing comparable sales during the combined November/December period decreased 1.3%.

... More

Target (TGT) November/December Comps Fell 1.3%; Lowers Guidance

January 18, 2017 7:00 AM EST

Target Corporation (NYSE: TGT) today announced that comparable sales during the combined November/December period decreased 1.3 percent. For those two months, total sales decreased 4.9 percent, reflecting the impact of the December 2015 sale of the Companys pharmacy and clinic businesses. As a result of this softer-than-expected sales performance, the Company updated its fourth quarter and full-year 2016 guidance.

"While we were pleased with Black Friday sales, December digital sales growth of more than 40 percent and continued strength in our Signature Categories, these results were offset by early season sales softness and... More