Target (TGT) Declares $0.64 Quarterly Dividend; 3.6% Yield
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January 10, 2019 10:00 AM EST
Cowen analyst Oliver Chen reiterated an Outperform rating and $100 price target on Target (NYSE: TGT) noting the company is 'hitting on many cylinders, with the best Q4 comp since 2004.
Chen commented, "TGT reported encouraging holiday sales of +5.7%, above the Street's +5%. Digital growth improved +29%... More
January 10, 2019 9:57 AM EST
Deutsche Bank analyst Mike Baker weighed in on Target (NYSE: TGT) on strong holiday comps, although they said questions remain going forward.
Baker commented, "Earlier this morning TGT reported a November/December holiday comp of 5.7% which we think was relatively in line with... More
January 10, 2019 6:48 AM EST
By Nandita Bose and Aishwarya Venugopal
(Reuters) - Target Corp (NYSE: TGT) said on Thursday comparable sales grew 5.7 percent during November and December, helped by higher customer visits and strong online sales during the holiday season.
Still, its shares fell over 1 percent in premarket trading, hurt by a disappointing performance at rival Kohl's Corp (NYSE: KSS), analysts said. Kohl's shares were... More
January 10, 2019 6:32 AM EST
Comparable sales grew 5.7 percent in the November/December period. Given last year's increase of 3.4 percent over that same period, comparable sales have grown more than 9 percent over the last two years.November/December comparable sales growth was driven primarily by traffic, combined with a small increase in average ticket.Store Pickup plus Drive Up grew more than 60 percent from a year ago, and accounted for a quarter of the Company's digital sales in those two months. Comparable digital sales growth of 29 percent in November/December was...
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