Target Reports Fourth Quarter and Full-Year 2016 Earnings
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March 1, 2017 8:32 AM EST
Instinet lowered its price target on Target (NYSE: TGT) to $60.00 (from $75.00) while maintaining a Neutral rating following "seismic shift"
Analyst Jessica Schoen Mace commented, "Today we attended Target's 2017 Financial Community in NYC where mgmt. set the stage for a multiphase, multi-year transition for... More
February 28, 2017 7:29 AM EST
Target (NYSE: TGT) is trading down 13% in pre-open trade following dismal results and a lower outlook. The news has peer Wal-Mart (NYSE: WMT) down 1.3%.
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February 28, 2017 6:31 AM EST
Target (NYSE: TGT) reported Q4 EPS of $1.45, $0.06 worse than the analyst estimate of $1.51. Fourth quarter 2016 sales decreased 4.3 percent to $20.7 billion from $21.6 billion last year and the consensus of $20.7 billion.
In first quarter 2017, Target expects a low-to-mid single digit decline in comparable sales, and both GAAP EPS from continuing operations and Adjusted EPS of $0.80 to $1.00. The consensus is $1.33.
For full-year 2017, Target expects a low-single digit decline in comparable sales, and both GAAP EPS from continuing operations and Adjusted EPS of $3.80 to $4.20. The consensus is $5.34.
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