BofA Securities Reiterates Buy Rating on Target (TGT)

Target (TGT) PT Lowered to $185 at UBS

UBS analyst Michael Lasser lowered the price target on Target (NYSE: TGT) to $185.00 (from $191.00) while maintaining a Buy rating.

The analyst comments "In our view, TGT's 1Q had more positives than negatives. As a result, we believe the pullback in the... More

Target (TGT) PT Lowered to $181 at RBC Capital

RBC Capital analyst Steven Shemesh lowered the price target on Target (NYSE: TGT) to $181.00 (from $191.00) while maintaining a Outperform rating.

The analyst comments "With the majority of the easy gross margin wins in the rearview, the focus, in our opinion, will shift... More

Target (TGT) PT Lowered to $175 at Wells Fargo

Wells Fargo analyst Edward Kelly lowered the price target on Target (NYSE: TGT) to $175.00 (from $190.00) while maintaining a Overweight rating.

The analyst comments "Timing the recovery has gotten trickier with macro uncertainty, but it's tough to ignore the risk/reward at current levels with the stock at... More

Increasing unusual put option volume: HA PTEN XME ITB URBN ZM TGT

Increasing unusual put option volume: HA PTEN XME ITB URBN ZM TGT

Target (TGT) PT Lowered to $170 at Stifel

Stifel analyst Mark Astrachan lowered the price target on Target (NYSE: TGT) to $170.00 (from $177.00) while maintaining a Hold rating.

The analyst comments "Our F2024-F2025 estimates are largely unchanged following F1Q24 results where operating profit was ~2% below consensus. Despite the lower... More

Target (TGT) PT Lowered to $190 at DA Davidson

DA Davidson analyst Michael Baker lowered the price target on Target (NYSE: TGT) to $190.00 (from $195.00) while maintaining a Buy rating.

The analyst comments "Although TGTs valuation multiple is not overly demanding, the magnitude of TGTs margin and EPS beats over the... More

Target (TGT) PT Lowered to $170 at Gordon Haskett

Gordon Haskett analyst Chuck Grom lowered the price target on Target (NYSE: TGT) to $170.00 (from $220.00) while maintaining a Buy (1) rating.... More

Target (TGT) PT Lowered to $160 at CFRA

CFRA analyst Arun Sundaram lowered the price target on Target (NYSE: TGT) to $160.00 (from $171.00) while maintaining a Hold rating.

The analyst comments "We cut our 12-month target to $160 from $171, 17x our FY 25 (Jan.) EPS of $9.44 (cut from $9.52; FY 26 up to $10.52 from $10.40) and... More

TD Cowen Reiterates Hold Rating on Target (TGT)

TD Cowen analyst Oliver Chen reiterated a Hold rating and $175.00 price target on Target (NYSE: TGT).

The analyst commented, "Stock down (HSD%) as comps at (3.7%) were in line but op margin at 5.3% was below Street's 5.4% with EPS (3c) below. Sentiment focuses onTGT's margin... More

BofA Securities Reiterates Buy Rating on Target (TGT)

BofA Securities analyst Robert Ohmes reiterated a Buy rating and $190.00 price target on Target (NYSE: TGT).

The analyst commented, "We reiterate our Buy. While near-term sales remain pressured, we believe TGT's focus on value positions it well for share gains going forward. Recently... More

Increasing unusual option volume: WOOF FREY FLYW HBM BE TJX SHOP ADI SPWR TGT URBN

Increasing unusual option volume: WOOF FREY FLYW HBM BE TJX SHOP ADI SPWR TGT URBN

Target, Walmart shoppers seek home goods, grocery delivery online

NEW YORK (Reuters) - U.S. online spending is experiencing a rebound, spurred by high gas prices, convenient delivery options and a surge in deals following a brief post-pandemic slump, U.S. retailers say.

Americans, who embraced shopping online when many stores were closed or limited traffic, may be coming back to it now, retailers say. However, the sustainability of these recent gains will depend on whether gas prices remain high and if shoppers can continue paying for subscriptions that offer free delivery.

E-commerce sales made up 15.9% of total U.S. retail sales in the first quarter,... More

KeyBanc Reiterates Sector Weight Rating on Target (TGT)

KeyBanc analyst Bradley Thomas reiterated a Sector Weight rating on Target (NYSE: TGT).

The analyst comments "TGT results remain challenged by the consumer environment but show ongoing improvement and should support positive comps in 2Q. 1Q results were mixed, reflecting soft but improving trends... More

Goldman Sachs Reiterates Conviction Buy Rating on Target (TGT)

Goldman Sachs analyst Kate McShane reiterated a Conviction Buy rating and $194.00 price target on Target (NYSE: TGT).

The analyst comments "TGT reported 1Q24 EPS of $2.03, below GS/consensus (Refinitiv) of $2.15/$2.06. SSS came in at -3.7%, in-line with consensus, including declines in traffic... More

BMO Capital Reiterates Market Perform Rating on Target (TGT)

BMO Capital analyst Kelly Bania reiterated a Market Perform rating and $170.00 price target on Target (NYSE: TGT).

The analyst comments "F1Q25 slightly missed consensus EPS on in-line comps. GM% beat but remained supported by channel mix and lean inventory... More

Telsey Reiterates Outperform Rating on Target (TGT)

Telsey analyst Joseph Feldman reiterated an Outperform rating and $195.00 price target on Target (NYSE: TGT).

The analyst comments "Target reported mixed 1Q24 results, with an inline comp of (3.7%), but slightly lower EPS of $2.03 vs. the FactSet consensus (FS) of $2.06 and our estimate of $2.10. The total comp of (3.7%) reflects a flattish... More

Midday movers: Target, Lululemon and ViaSat fall; TJX rises

(Updated - May 22, 2024 11:58 AM EDT)

Investing.com -- U.S. stock futures were mixed Wednesday, ahead of the release of the keenly-awaited minutes from the last Federal Reserve policy meeting and results from AI bellwether Nvidia.

re are some of the biggest U.S. stock movers today:

Target (NYSE: TGT) stock fell 7% after the retailer forecast current-quarter comparable sales and profit largely below expectations... More

Stifel on Target (TGT): 'shares could underperform'

Stifel analyst Mark Astrachan reiterated a Hold rating and $177.00 price target on Target (NYSE: TGT).

The analyst comments "Target reported F1Q24 results with comp consistent with consensus and operating income slightly below consensus mainly due to higher D&A expenses. Comp declined 3.7%, consistent with consensus, with operating... More

Citi on Target (TGT): 'comments on the call about expenses could temper the declines'

Citi analyst Paul Lejuez reiterated a Buy rating and $180.00 price target on Target (NYSE: TGT).

The analyst comments "

TGT missed consensus EPS driven by higher SG&A while comps were inline and GM beat. Mgmt reiterated F24 guidance as the qtr was inline w/their... More

Morgan Stanley on Target (TGT) Decline Post Earnings Update: 'market questioning whether bull case EPS is possible'

Morgan Stanley analyst Simeon Gutman reiterated an Overweight rating and $190.00 price target on Target (NYSE: TGT)

The analyst comments "Initial reaction to Q1'24: market questioning whether bull case EPS is possible. Q2'24 guidance seems good enough given recent stock pullback 1. Overall Q1'24 earnings were mostly in-line with GM better but SG&A worse. 2. While comp expectations for Q1 were subdued and in an appropriate range (minus 3 to minus 4), the market still expected... More

RBC on Target (TGT) EPS: 'Shy of Investor Expectations'

RBC Capital analyst Steven Shemesh reiterated an Outperform rating and $191.00 price target on Target (NYSE: TGT).

The analyst said: "Bottom line - 1Q results were generally in-line w/ consensus, but as feared, fell short of heightened investor expectations. Comp sales declined -3.7% (cons. -3.6% / we... More

Roth/MKM on Target (TGT) Amid Stock 7%+ Decline Post Earnings: 'this print will be met with modest disappointment'

Roth/MKM analyst Bill Kirk reiterated a Neutral rating and $153.00 price target on Target (NYSE: TGT).

The analyst comments "With: 1) physical comparable store sales little improved throughout the boycott (1Q'24 -4.8% y/y vs. 2Q'23 - 4.3% y/y); 2) continued pressure on discretionary assortment; 3) increased... More

Target (TGT) stock drops on earnings miss

(Updated - May 22, 2024 9:42 AM EDT)

Target (NYSE: TGT) shares dropped more than 9% in early Wednesday trading, following its latest quarterly earnings, which saw it miss profit expectations.

The retailer reported Q1 EPS of $2.03, $0.03 worse than the analyst estimate of $2.06. Revenue for the quarter came in at $24.53 billion versus the consensus estimate of $24.51 billion.

In comparison to the same quarter last year, Target's revenue saw a decrease of 3.1%, with comparable sales declining by 3.7%. The company's digital comparable sales grew by 1.4%, with same-day... More

Target issues weak forecast as shoppers pull back; shares tumble

By Siddharth Cavale and Ananya Mariam Rajesh

(Reuters) -U.S. retailer Target on Wednesday reported quarterly earnings that missed Wall Street estimates and its forecast for the current quarter also disappointed investors, who sold off its shares.

Last down 7.7% at $143.84, the stock was on track for its sharpest one-day drop since November 2022.

Last week, Target's larger rival Walmart reported better-than-expected results and raised its annual outlook as shoppers prioritized food and essentials like toilet paper and detergent.

"Target's performance is significantly worse than the overall market, which underlines that Target is losing [market] share," said Neil... More

Target (TGT) Misses Q1 EPS by 3c; offers guidance

Target (NYSE: TGT) reported Q1 EPS of $2.03, $0.03 worse than the analyst estimate of $2.06. Revenue for the quarter came in at $24.53 billion versus the consensus estimate of $24.51 billion.

GUIDANCE:

Target sees Q2 2025 EPS of $1.95-$2.35, versus the consensus of... More

Target (TGT) May weekly 155 straddle priced into quarter results

Target (NYSE: TGT) May weekly 155 straddle priced for a move of 7.5% into the expected release of quarter results today before the bell.

Nvidia earnings, Fed minutes, UK inflation - what's moving markets

Investing.com -- Earnings from tech giant Nvidia are in the spotlight Wednesday, as investors look to see whether the stock's elevated valuation can be justified The minutes from the last Federal Reserve meeting also loom large, while U.K. inflation fell by less than was expected in April. 

The days highlight is the long-awaited earnings report from semiconductor bellwether Nvidia (NASDAQ: NVDA) after the close Wednesday, with these numbers widely seen as a barometer for the burgeoning artificial... More

Barclays Reiterates Equalweight Rating on Target (TGT)

Barclays analyst Seth Sigman reiterated an Equalweight rating and $169.00 price target on Target (NYSE: TGT).

The analyst commented, "Q1 sales still seemed challenged but could come in towards the upper end of guidance. Margins should remain stronger, supporting EPS upside. All... More

Target (TGT) May weekly option implied volatility into quarter results

Target (NYSE: TGT) May weekly call option implied volatility is at 101, June is at 38; compared to its 52-week range of 19 to 48 into the expected release of quarter results on May 22.

Here's what to expect when Target reports earnings

Shares of Target Corporation (NYSE: TGT) fell more than 2% on Monday, slightly reducing its year-to-date gains to 10%.

The retail giant is scheduled to unveil its first-quarter 2024 earnings on Wednesday, May 22, before the market opens.

According to consensus estimates, analysts expect Target to report revenue of $24.5 billion for Q1 2024, down from $25.3 billion in the same period last year. In Q4 2023, total revenue increased nearly 2% year-over-year to around $32 billion.

Target has guided GAAP and adjusted EPS to range between $1.70 and $2.10, compared with the consensus EPS projection of $2.05. This matches the adjusted EPS... More