Target leans on strong start to holiday season as cost pressures loom
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Target (TGT) Delivers Beat-and-Raise Quarter but Shares Plunge on Gross Margin Miss, Analysts Remain Positive
November 17, 2021 8:49 AM ESTShares of Target (NYSE: TGT) are down 5% in pre-open after the company reported its Q3 results.
Target reported Q3 EPS of $3.03 to top the analyst estimate of $2.83. Revenue for the quarter came in at $25.65 billion, again higher than the consensus estimate of $24.78 billion. Comp sales grew 12.7% after soaring 20.7% last year.
"The consistently strong growth we're seeing in our business, quarter after quarter, is a testament to the passion and commitment our team... More
Goldman Sachs Reiterates Buy Rating on Target (TGT), Encouraged by Overall EBIT Beat
November 17, 2021 7:57 AM ESTGoldman Sachs analyst Kate McShane reiterated a Buy rating and $308.00 price target on Target (NYSE: TGT).
The analyst comments "TGT reported 3Q21 adj EPS of $3.03, above GS/consensus (Refinitiv) of $2.82/$2.80. SSS increased by +12.7% (with a two-year stack of +33.4%), also higher than GS/consensus of +8.9%/+8.2%, consisting... More
Stifel Reiterates Buy Rating on Target (TGT) Following EPS, Offers Review of Earnings Report
November 17, 2021 7:56 AM ESTStifel analyst Mark S. Astrachan reiterated a Buy rating and $280.00 price target on Target (NYSE: TGT).
The analyst comments "We view comp growth and guidance as most notable as indicative that strong share gains are continuing. Gross margin was meaningfully below consensus and... More
