|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||70.66 - 70.66|
|52-week range||70.66 - 70.66|
|Beta (3Y monthly)||0.63|
|PE ratio (TTM)||12.36|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Key Takeaways from Target’s Q1 Results(Continued from Prior Part)Key takeaways Target’s (TGT) digital sales continued to grow at a brisk pace driven by the expansion of its e-commerce platform. During the reported quarter, Target’s comparable
Luckin’s IPO turned some heads and raised some questions, but there’s no doubt the Chinese market potential for coffee is enormous.
An aggressive campaign at Target to let customers do more online is paying off. The retailer exceeded first quarter expectations on just about every level, saying the same day services it's rolled out, including picking up online orders at the store, drove more than 25% of comparable sales growth. Online sales soared 42% and the company says it continues to take market share across all areas, from fashion to toys.
Stocks that moved substantially or traded heavily on Wednesday: Target Corp., up $5.60 to $77.56 The retailer reported a surge in online sales that helped push profit and revenue beyond Wall Street forecasts. ...
Target stock jumped as the company reported quarterly results and an outlook that reassured investors about its position in an evolving retail sector.
Target Beats Q1 Estimates on Strong Traffic Growth(Continued from Prior Part)What could drive Target stock?Shares of Target Corporation (TGT) are expected to gain as a result of its impressive fiscal 2019 first-quarter performance on both the sales
With customers increasingly expecting faster deliveries, Target has been ramping up its services for the last couple of years in its effort to better compete with online giant Amazon.com Inc and brick-and-mortar rival Walmart Inc. Target's services such as Shipt, order pickup and drive-up allow shoppers to pull into a store and pick-up their orders in minutes or get them delivered to their homes within hours of placing them through the mobile app or website. "Target hit the bullseye in Q1, with every meaningful measure demonstrating the soundness of its revamped strategy and its successful execution," Moody's analyst Charlie O'Shea said.
Target Beats Q1 Estimates on Strong Traffic GrowthKey takeawaysOn May 22, Target Corporation (TGT) posted stronger-than-expected earnings results for the first quarter of fiscal 2019, which ended on May 4. Stellar traffic growth drove the
Target Corp. reported on Wednesday that comparable sales rose a robust 4.8 percent in the first quarter from a year earlier, an upbeat result that exceeded analysts’ estimates and showed that the chain held its own in a quarter when key rival Walmart Inc. also delivered strong growth in traffic and comparable sales. The components of Target’s sales growth in the quarter show that it is transforming its business in a healthy way. It’s also impressive that Target used its stores to fulfill 80 percent of digital-order volume in the quarter.
Target has been spending more to shore up its same-day delivery with services like Shipt and Drive-up in a bid to better compete with online giant Amazon.com Inc and brick-and-mortar rival Walmart Inc. "Over the last two years we have made important investments to build a durable operating and financial model...," Chief Executive officer Brian Cornell said. Comparable-store sales rose 4.8%, beating analysts' average estimate of 4.18% rise, according to IBES data from Refinitiv.
A federal judge said Walmart Inc, Target Corp and Bed Bath & Beyond Inc must face a lawsuit claiming they sold linens that were falsely labelled "100% Egyptian Cotton" or "100% Long-Staple Egyptian cotton" despite being suspicious of their origin. Monday's decision by U.S. District Judge Vincent Briccetti in White Plains, New York, addressed claims that consumers nationwide overpaid for mislabelled cotton produced by an Indian textile company, Welspun India Ltd. Egyptian cotton often commands a premium price because of its prestige, and because its long fibres yield a finer, lighter, softer and more durable fabric.
A federal judge said Walmart Inc, Target Corp and Bed Bath & Beyond Inc must face a lawsuit claiming they sold linens that were falsely labeled "100% Egyptian Cotton" or "100% Long-Staple Egyptian cotton" despite being suspicious of their origin. Monday's decision by U.S. District Judge Vincent Briccetti in White Plains, New York, addressed claims that consumers nationwide overpaid for mislabeled cotton produced by an Indian textile company, Welspun India Ltd. Egyptian cotton often commands a premium price because of its prestige, and because its long fibers yield a finer, lighter, softer and more durable fabric.
Is Target a 'Buy' ahead of Q1 Earnings?(Continued from Prior Part)Recent performance Target’s (TGT) digital sales are expected to continue to grow at a brisk pace, reflecting the expansion of its digital offerings. Notably, the retailer has