Target (TGT) Tops Q2 EPS by 15c, Revenue In-Line, Comps Increase 8.9%
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Analysts Impressed and Raise PTs on Target (TGT) Following Q2 Earnings
August 19, 2021 6:12 AM EDTShares of Target (NYSE: TGT) closed 2.78% lower yesterday despite a broad-based beat that the retailer delivered for its second quarter.
EPS came in at $3.64 to top the $3.49 consensus while sales for the quarter were reported at $25.1 billion, mostly in line with the consensus of $25.08 billion. Comp sales grew 8.9%, the company said.
On the outlook front, TGT is projecting high single-digit growth in comparable sales, near the high end of the previous guidance range. Target also authorized a new, $15 billion share repurchase program.
"For decades, Target's capital deployment priorities... More
Target (TGT) authorizes new $15 billion share repurchase program
August 18, 2021 6:36 AM EDTTarget (NYSE: TGT) paid dividends of $336 million in the second quarter, compared with $330 million last year, reflecting a 3.0 percent increase in the dividend per share, partially offset by a decline in average share count.
The Company repurchased $1.5 billion worth of its shares in second... More
