In general, when markets trend lower, it makes sense to invest in blue-chip stocks. They tend to have a low beta and also provide regular cash flows through dividends. Yet, not all blue chips are created equal. Based on macroeconomic or company-specific factors, there are some you want to buy and some blue-chip stocks to sell. For example, blue-chip retailer Target (NYSE: TGT ) sits 45% below its 52-week high, weighed down by inflationary pressures and margin compression. And pharmaceutical giant Pfizer (NYSE: PFE ) is 30% below its high on concerns of a slowdown in growth predominately due to lower Covid-19 vaccine sales. So, investors need to carry out due diligence even with blue chips. Today’s list of blue-chip stocks to sell in October contains popular names that are likely to correct or correct even further. PEP PepsiCo $163.26 COST Costco Wholesale $472.27 FCX Freeport-McMoRan $27.35 OXY Occidental Petroleum $61.43 PepsiCo (PEP) Source: 8ED8 / Shutterstock PepsiCo (NASDAQ: PEP ) stock is up 11% over the past year, bucking the broader bear market, and it throws off a healthy 2.7% dividend yield.
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U.S. stocks have been presenting major headwinds for investors throughout much of the year, as inflation and skyrocketing interest rates push many traders to from their bullish sentiment. In this article, we''ll take a look at five retail stocks — TJX, KR, DG, TGT, and MELI — that may be able to power through tough times. Federal Reserve Chair Jerome Powell announced another aggressive rate hike of 75 basis points. This marks the fifth consecutive rate hike this year alone, as the central bank looks to get a hold on rampant running inflation.
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Retailers have begun prepping for the holiday season with as much eagerness as shoppers who are looking forward to eye-popping deals. This season, which accounts for a sizable chunk of yearly revenues, is a make or break for retailers. And Target Corporation (NYSE: TGT ) is no exception. In a press release on September 22, Target announced its plans for the all-important holiday shopping season. The company said it will begin discounting merchandise “earlier than ever” this year, beginning with its “biggest ever Target Deal Days event,” which will take place October 6 to 8. And given the state of the overall economy, investors are no doubt considering the ramifications of a longer holiday shopping season. Earlier deals, deeper discounts, and greater competition will likely continue to weigh on already pressured operating margins. While inflation has eased somewhat, it is still near 40-year highs, causing consumers to make tough decisions at stores and fuel pumps. And while a longer shopping season and deeper discounts might attract more holiday shoppers, it’s a double-edged sword – and despite the early deals, Target and other retailers may not get a big boost this holiday season.
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Currently, Target Corporation’s (TGT) stock is trading at $151.42, marking a fall of -2.85% from last night’s close. At this price, the stock is -43.71% below its 52-week high of $268.98 and 10.40% above its 52-week low of $137.16. Based on the past 30-day period, the stock price is -13.61% below the high and +3.61% […]
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Retail stocks are weathering a storm on Thursday that has many of them sinking below the waves made by Hurricane Ian in Florida.
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In this article, we discuss the 5 best clothing stocks to buy now. If you want to read our discussion on the apparel sector, go directly to 10 Best Clothing Stocks To Buy Now. 5. Target Corporation (NYSE:TGT) Number of Hedge Fund Holders: 46 Target Corporation (NYSE:TGT) is a Minneapolis-based seventh biggest retailer in the US. […]
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Acquired business utilizes approved storage locations for clean fill dirt storage generated from commercial and residential constructionRecurring revenues and cash flows streams generated from each truck load that comes across the scales for the …
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Target Corporation found using ticker (TGT) now have 29 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between $244.00 and $161. and has a mean target at $191.38. Given that the stocks previous close was at $152.96 this is indicating there is a potential upside of 25.1%. The 50 day MA is $163.60 and the 200 day moving average is $193.41. The market cap for the company is $70,241m. Visit the company website at: https://corporate.target.com [stock_market_widget type="chart" template="basic" color="green" assets="TGT" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $87,884m based on the market concensus. Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials.
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Target implemented necessary infrastructure to accelerate growth in the aftermath of a recession. Click to see TGT''s growth strategies and expense management.
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Target Corporation (NYSE: TGT) is a well-known company to the average U.S. consumer. With physical stores across the country and a growing online presence, the company represents a stable investment for many analysts. In today''s environment, however, the firm is facing major challenges, especially in the near and medium term. I am neutral on TGT stock. Retail is Becoming Increasingly Digital In the world of online retail, many analysts and investors view physical store companies as having an inherent disadvantage in terms of operating costs and growth velocity.
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In recent trading session, Target Corporation (NYSE:TGT) saw 1.14 million shares changing hands at last check today with its beta currently measuring 1.01. Company’s recent per share price level of $153.52 trading at -$5.51 or -3.46% at last check today assigns it a market valuation of $73.61B. That most recent trading price of TGT’s stock … Target Corporation (NYSE:TGT) Stock Plunged -31.29% So Far In 2022, What Analysts Expect Next? Read More »
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Currently, Target Corporation’s (TGT) stock is trading at $153.87, marking a fall of -3.24% from last night’s close. At this price, the stock is -42.80% below its 52-week high of $268.98 and 12.18% above its 52-week low of $137.16. Based on the past 30-day period, the stock price is -12.13% below the high and +0.10% […]
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Target (TGT) is seeking to hire 100K employees and extend promotions through the holiday season, per an announcement on Thursday.According to a press release, the retailer will start…
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It’s looking like one of the biggest mistakes in the inflation analysis this year was the conviction with which many said it was primarily a supply-chain problem. Crude oil is down 35% from its high and is below where it traded before Russia invaded Ukraine seven months ago. Same with wheat and lumber. The further we get from the original COVID shutdowns, the more the supply chain unbuckles. China has been a big laggard, but even the closures this past quarter weren’t worse than in 2020. Despite these improvements, inflation is stuck above 8%. Supply chain pressures have eased, yet inflation hasn''t meaningfully moved. So the sticky part of inflation looks to come more from elevated demand. This rings true in the robust employment picture as well as the details from consumer goods companies like Nike (NYSE: NKE ) and Target (NYSE: TGT ) that now have too-large inventories. The issue is not that they don''t have the supplies to deliver the goods, the issue is that … Full story available on Benzinga.
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TD Bank (TD) will continue to be the exclusive issuer of the Target (TGT) co-branded and private label consumer credit cards through a multi-year contract extension, the companies…
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CHERRY HILL, N.J., Sept. 21, 2022 /PRNewswire/ -- TD Bank, America''s Most Convenient Bank®, today announced a multi-year contract extension with Target Corporation (NYSE:TGT), in which TD will continue to be the exclusive issuer of Target co-branded and private label consumer credit cards….
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Hello, Reader. It’s been a short and quiet week on Wall Street with a welcome break from the volatility the market has seen for much of the summer. The market traditionally cools down around now, making September one of the least profitable months of the year. But as always, we look for the dips and are ready for a bounce back to support in the market, which means taking more profits. The Power of the Dollar One of the keys behind our neutral-bullish stance is the strength of the dollar, which hasn’t been this strong since the era of the dot-com boom. (Don’t worry – we don’t see another of those happening.) A rising dollar is a problem for exporters, but it’s a boon for importers and attracts foreign investors. International traders now have an extra incentive to invest in the U.S. stock market. This is good for service businesses and retailers because it takes fewer stronger dollars to buy imported goods. Because of the mostly consumption-based U.S. economy, cheaper imports should help lower inflation levels and increase spending.
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Visa Inc. (NYSE:V) and Mastercard Incorporated (NYSE:MA) could face a challenge from U.S. retailers, who wish to break the duopoly these credit card service providers enjoy in the United States. To achieve this, retailers and other trade organizations are giving full support to the Credit Card Competition Act of 2022. It is worth noting that top retailers, including Walmart (NYSE:WMT), Macy’s (NYSE:M), Home Depot (NYSE:HD), and Target (NYSE:TGT), seek Congress to pass the abovementioned bill, which Senator (Illinois) and a Democrat, Richard Durbin, and Senator (Kansas) and a Republican, Roger Marshall, introduced in July 2022.
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Ollie’s Bargain Outlet Holdings (OLLI) rose sharply on Thursday after Bank of America voiced bullishness on its buyout of Target (TGT) inventory.
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California has filed a lawsuit against Amazon (NASDAQ:AMZN) for violating the state''s antitrust law through its pricing model. California’s Attorney General Rob Bonta said that AMZN is blocking third-party sellers on its platform from selling products at lower prices elsewhere. Bonta added that AMZN’s practice pushes prices higher for California consumers. Bonta said that Amazon entered into an anticompetitive agreement with third-party sellers and wholesale suppliers on its platform to insulate itself from price competition. He added that due to these agreements, third-party sellers and wholesale suppliers are unable to offer lower prices elsewhere, including its competitors like Walmart (NYSE:WMT) and Target (NYSE:TGT).
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LRT Capital Management, an investment management firm, released its July month 2022 investor letter. A copy of the same can be downloaded here. As of August 1, 2022, the fund’s net exposure was approximately 67.37% and the beta-adjusted exposure was 45.31%. In addition, you can check the top 5 holdings of the fund to know […]
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KeyBanc Capital Markets analysts on Wednesday said Walmart Inc. and Target Corp. appear to be well positioned to weather the current economic environment and grow profit margins. Analysts at KeyBanc initiated coverage of Walmart and Target with overweight ratings and price targets of $155 and $200 respectively. "While investors can find better growth potential in smaller companies, we believe both Walmart and Target are in the best competitive positioning of the past decade, given the pandemic''s catalyst of e-commerce becoming significantly more important," KeyBanc analyst Bradley B. Thomas said. The two companies are also poised to gain market share in the next two-to-three years as they leverage their grocery delivery/pickup businesses. Analysts also expect their profit margins to recover to normal levels. Shares of Walmart are down 6.6% in 2022 compared to a loss of 17.5% by the S&P 500 . Target stock is down 28.2% in 2022. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.
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Merchants such as Target Corp. [s] and Walmart Inc. signed on to a letter asking Congress to pass a law that would require options for the routing of credit-card transactions over alternative networks, according to The Wall Street Journal. Sen. Dick Durbin, an Illinois Democrat, and Sen. Roger Marshall, a Kansas Republican, who introduced such a bill back in July, said that alternate routing options would increase competition and lead to lower swipe fees when people use many Visa Inc. and Mastercard Inc. credit cards. "Swipe fees for credit cards are higher in the United States than anywhere else in the industrialized world-more than seven times as high as Europe," a group of more than 1,600 merchants said in their letter, the Journal reported Wednesday. Debit cards already carry a requirement for routing options in most cases. Visa Chief Financial Officer Vasant Prabhu addressed the proposed legislation at a Goldman Sachs conference earlier this week, saying that there is already "a ton of competition" in the credit-card business and that reductions in interchange fees as a result of any new laws could impact the rewards landscape for consumers.
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Target Corporation (TGT) has reached an exclusive, multiyear agreement to sell FAO Schwarz toys, per a company announcement on Monday.
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Hello, Reader. It’s been a short and quiet week on Wall Street with a welcome break from the volatility the market has seen for much of the summer. The market traditionally cools down around now, making September one of the least profitable months of the year. But as always, we look for the dips and are ready for a bounce back to support in the market, which means taking more profits. The Power of the Dollar One of the keys behind our neutral-bullish stance is the strength of the dollar, which hasn’t been this strong since the era of the dot-com boom. (Don’t worry – we don’t see another of those happening.) A rising dollar is a problem for exporters, but it’s a boon for importers and attracts foreign investors. International traders now have an extra incentive to invest in the U.S. stock market. This is good for service businesses and retailers because it takes fewer stronger dollars to buy imported goods. Because of the mostly consumption-based U.S. economy, cheaper imports should help lower inflation levels and increase spending.
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In Thursday’s session, Target Corporation (NYSE:TGT) marked $171.90 per share, up from $170.79 in the previous session. While Target Corporation has overperformed by 0.65%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TGT fell by -30.15%, with highs and lows ranging from $268.98 to $137.16, whereas […]
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NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: EQT Corp., up 57 cents to $46. The natural gas company announced the purchase of gas and pipeline assets and doubled its stock buyback program. Coupa Software Inc., up $10 to $65.82. The software company reported strong second-quarter financial results. HealthEquity Inc., up 64 cents to $64.08. The provider of services for managing health care accounts raised its revenue forecast for the year. Occidental Petroleum Corp., down $1.45 to $65.43. Energy stocks slipped along with falling oil prices. Target Corp., up $7.21 to $170.79. The retailer is dropping the mandatory retirement age for its CEO, allowing Brian Cornell to stay on for three more years. United Parcel Service Inc., up 33 cents to $196.29. The package delivery service plans to hire more than 100,000 extra workers to help handle an increase in packages during the critical holiday season. Glaukos Corp., up $8.91 to $57.01. The drug developer gave investors an encouraging update on a potential glaucoma treatment.
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Target Corp (NYSE: TGT ) shares are trading higher Wednesday alongside several retailers amid overall market strength as stocks rebound from recent weakness. Target also announced leadership changes Wednesday morning. Target CEO Brian Cornell reaffirmed his commitment to remain the company''s chief executive for approximately 3 more years. Additionally, the company announced Arthur Valdez , executive vice president and chief supply chain and logistics officer, will retire from Target. He will be succeeded by Gretchen … Full story available on Benzinga.com
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Walmart Inc will raise $5 billion in bond offerings, joining a host of big retailers and restaurant chains to tap the debt market ahead of the U.S. Federal Reserve’s next potential rate move. A company filing showed on Wednesday that its bonds will be due between 2025 and 2052 and have a coupon rate of between 3.9% and 4.5%. The Federal Open Market Committee Meeting is scheduled for September 20-21, where the Fed is expected to decide on whether to go for another 75bp rate increase. IFR reported on Tuesday that at least 19 investment-grade bond deals were expected to price, as issuers and investors get ready for what is expected to be a busy post-Labor Day session. Walmart results top estimates as inflation alters consumer behavior Target Corp is offering $1 billion in notes due 2032, while McDonald’s Corp is offering about $1.5 billion in two-part bonds due 2052 and 2032, the companies disclosed in separate filings on Tuesday. Separately, Lowe’s Cos Inc also announced the pricing of a four-part notes offering at $4.
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Source: jejim / Shutterstock.com Independent investment research publication Hedgeye recently targeted Target (NYSE: TGT ) stock as a potential short candidate . With this year’s bear market seemingly continuing to blow cold air, could a TGT short be a hidden path to gains? According to Hedgeye, the answer is an overwhelming yes . Pointing to Target’s “massive inventory problem,” Hedgeye analyst Brian McGough believes the company may end up bearing the brunt of an increasingly brutal season for consumer spending. “TGT is sitting right in the bullseye of competitive pressure from the 80-90% of retailers that will be aggressively clearing product […] Bottom line is that going from ~$8 this year to $12 next year in EPS is a herculean feat that we don’t think TGT will pull off. This is one of the few times where we should see a meaningful price divergence between TGT (lower) and WMT.” Target has repeatedly lowered its outlook to reflect the bottom-line impact of overstocked inventories. Per SeekingAlpha , the company is down more than 25% since slashing its full-year profit forecast in May.
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This September, Target will be paying a 20% higher dividend; with the stock plunge, the forward yield stands at 2.62%. Find out if TGT is a good dividend stock.
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Retailer Target Corp. (TGT) was added as a best short at Hedgeye, citing the company''s "massive inventory problem." "TGT is sitting right in the bullseye of competitive pressure from…
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Target Corporation (NYSE:TGT) has a beta value of 1.03 and has seen 0.89 million shares traded in the recent trading session. The company, currently valued at $77.17B, closed the recent trade at $159.10 per share which meant it lost -$1.68 on the day or -1.04% during that session. The TGT stock price is -69.06% off … -1.04 Fall Turns Target Corporation (TGT) Into A Losing Stock For Investors Read More »
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With consumer prices hitting multi-decade highs, investors should consider avoiding the worst stocks to buy during inflation. True, the inflation rate dipped a bit in July to 8.5%. In the month prior, the metric hit 9.1%. Nevertheless, it’s important to realize that overall, consumers have endured sustained spikes in prices. Over time, that can hurt broader sentiment, which in turn imposes challenges on various public companies. To be clear, few institutions benefit holistically from higher prices. For instance, while the hydrocarbon energy sector enjoyed a valuation surge, consumers may eventually reduce their expenditures. Given enough time, this abstinence could make circumstances challenging for previous beneficiaries. However, the worst stocks to buy during inflation stand out because of the red ink they print. While many other factors exist as to why investors should avoid the worst stocks to buy during inflation, InvestorPlace prefers me to be succinct. Therefore, I’m going to go with the rise of risk-off sentiment.
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Shares of Target Corp. (NYSE: TGT) were up 1% on Tuesday. The stock has dropped 31% year-to-date and 35% over the past 12 months. The retail industry in general has been dealing with changes in customer preferences as well as inflationary pressures which have taken a toll on the profits and margins of several retailers. […]
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Shares of Target Corp. (NYSE: TGT) were up 1% on Tuesday. The stock has dropped 31% year-to-date and 35% over the past 12 months. The retail industry in general has […] The post Target (TGT): A few factors to take into account if you are considering this major retailer first appeared on AlphaStreet .
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In this article, we will be looking at the 5 best grocery stocks to buy. To read our analysis of the grocery shopping segment and take a look at some other stocks in this space, check out the 11 Best Grocery Stocks to Buy. 5. Target Corporation (NYSE:TGT) Number of Hedge Fund Holders: 46 Target […]
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Target Corporation with ticker code (TGT) have now 28 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between $244.00 and $161. and has a mean target at $192.46. Given that the stocks previous close was at $167.50 this indicates there is a potential upside of 14.9%. The 50 day MA is $156.45 and the 200 day moving average is $201.65. The market cap for the company is $73,923m. Visit the company website at: https://corporate.target.com [stock_market_widget type="chart" template="basic" color="green" assets="TGT" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $84,939m based on the market concensus. Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials.
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RMC Has Acquired Initial 50 Hives on a Former Industrial Site, With the Goal of Expanding to Over 1,000 Beehives Over the Course of Three YearsThe Company Has Identified Over a Dozen Additional Apiary Sites With the Goal of Expanding Its Asset Base …
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New Delhi, August 25 New Delhi Television Limited (NDTV) on Thursday informed the stock exchanges that its promoters are barred from accessing the securities market until November 26, 2022, and thus the Adani Group would need the approval of the Securities and Exchange Board of India (SEBI) to buy its stake. Regulatory filing by news channel The SEBI on November 27, 2020, restrained the founder-promoters Prannoy and Radhika Roy "from accessing the securities market, and further prohibiting buying, selling, or otherwise dealing in securities, directly or indirectly for a period of two years" On Tuesday, Adani Group announced that it has acquired 29.18% shareholding in NDTV and will launch an open offer to buy an additional 26% stake "Unless pending appeal proceedings were to successfully conclude, SEBI approval is necessary for the proposed Acquirer to secure 99.5% interests in the Promoter Group vehicle, since this would consequently lead to the acquisition of voting rights in respect of 29.18% of the issued share capital of the Target Company," said NDTV in a regulatory filing.
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Mumbai: New Delhi Television Ltd (NDTV) said on Thursday Adani Group needs the approval of the Securities and Exchange Board of India (Sebi) to go ahead with the acquisition of the news broadcaster as its promoters - Prannoy Roy and Radhika Roy - are barred from accessing the securities market. The move is seen as an attempt by NDTV to stop Adani''s buyout of the company, said lawyers and market participants."…unless pending appeal proceedings were to successfully conclude prior, Sebi approval is necessary for the proposed Acquirer (Adani Group) to secure 99.5% interests in the Promoter Group vehicle, since this would consequently lead to acquisition of voting rights in respect of 29.18% of the issued share capital of the Target Company (NDTV) held by the Promoter Group vehicle," said NDTV in its disclosure to the stock exchange on Thursday.On November 27, 2020, the capital markets regulator had restrained NDTV promoters Prannoy Roy and Radhika Roy from dealing in securities directly or indirectly for two years for alleged insider trading.
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While Americans may love their furry friends, that sentiment failed to deliver for Petco (NASDAQ: WOOF ) and its second-quarter earnings report, sending WOOF stock plunging Wednesday morning. Shares slipped 6% earlier today before extending losses to about 8% in the early afternoon. Petco disappointed Wall Street, missing expectations for the top and bottom lines. Adding insult to injury, management cut its full-year outlook. For Q2, Petco posted net income of $14.35 million, or 5 cents per share. This figure contrasted sharply and unfavorably with the year-ago quarter’s result of $75.11 million, or 28 cents per share. In addition, Petco’s adjusted per-share earnings came out to 19 cents, below FactSet’s consensus target of 22 cents. On the revenue front, the pet retailer rang up $1.48 billion. Here, the sales tally represented a lift of 3% from the year-ago result of nearly $1.44 billion. Unfortunately, this figure also missed Wall Street’s expectations, which on average called for just under $1.5 billion.
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It seems that investors are always on the hunt for the next 10x stocks, relying on long time horizons to deliver massive results. But if time isn’t on your side, these speculative bets may not be worth it. For older market participants, safety is much more important. That’s where safe investments for seniors to consider comes into focus. During an investor’s younger years, financial advisors typically recommend gearing portfolios toward higher-risk, higher-reward profiles. Should circumstances not pan out favorably, the younger investor has time as an asset. Unfortunately, the same cannot be said of older demographics. Here, the narrative zeroes in on safety and stability. Rather than attempting to acquire moonshots, retirees prefer to have money coming in with the occasional chance for capital gains. Therefore, safe investments for seniors to consider usually revolve around ideas with proven track records. For this list, I’ve compiled an eclectic series of publicly tradable assets. From individual stocks to mutual funds, these ideas could help foster a less-eventful retirement.
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New Delhi: Adani group Tuesday launched a hostile takeover bid of NDTV, with an open offer to acquire an additional 26 per cent or 1.67 crore equity shares for up to Rs 493 crore. Three Adani group firms – Vishvapradhan Commercial Pvt Ltd (VCPL) along with AMG Media Networks and Adani Enterprises Ltd – have come out with a public announcement for the offer under the Sebi norms. At a price of Rs 294 per share, the open offer will amount to Rs 492.81 crore. “Assuming full acceptance of the Offer, the aggregate consideration payable to the public shareholders will be up to Rs 492.81 crore. The Offer Price is higher than the price determined in accordance with Regulation 8 (2) of the SEBI (SAST) Regulations,” the public announcement said. The offer price will be paid in cash by the acquirer, said the public announcement by JM Financial Ltd, which is managing the offer on behalf of the acquirers. While citing the reason that triggered the open offer obligations, the announcement said pursuant to loan agreements dated July 21, 2009, and January 25, 2010, entered between the acquirer, RRPR Holding (a promoter company), Prannoy Roy and Radhika Roy, the acquirer at its discretion has the right to exercise warrants issued to it by the promoter company.
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Matthew A Liegel , Chief Accounting Officer at Target (NYSE: TGT ), reported a large insider sell on August 22, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Monday showed that Liegel sold 1,226 shares of Target . The total transaction amounted to $213,084. Target shares are trading down 0.67% at $160.87 at the time of this writing on Tuesday morning. Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm. The Importance of Insider Transactions Insider transactions shouldn''t be used primarily to make … Full story available on Benzinga.com
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Macy''s (M) reports earnings before the market opens on Tuesday. Nordstrom (JWN) weighs in after the close. Macy''s stock and Nordstrom stock both traded lower on Monday ahead of their reports. Retail stocks have generally reported mixed results over the past week as inflation pressures cut into consumer spending. Walmart (WMT) beat estimates last week. And Target (TGT) missed earnings…
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Target Corporation with ticker code (TGT) now have 28 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between $244.00 and $161. with the average target price sitting at $192.39. With the stocks previous close at $173.05 this would indicate that there is a potential upside of 11.2%. The day 50 moving average is $154.93 while the 200 day moving average is $203.99. The market cap for the company is $76,878m. Visit the company website at: https://corporate.target.com [stock_market_widget type="chart" template="basic" color="green" assets="TGT" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $85,470m based on the market concensus. Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials.
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Source: shutterstock.com/philip openshaw Struggling sportswear and footwear retailer Foot Locker (NYSE: FL ) may have just received a lifeline. Reportedly, the company is naming retail industry veteran Mary Dillon as CEO. Adding to the enthusiasm, Foot Locker also beat earnings estimates for the fiscal second quarter. Now, FL stock is climbing higher by 20%. Perhaps best known for helming personal care and beauty specialist Ulta Beauty (NASDAQ: ULTA ), Dillon will replace Richard Johnson in the executive role. According to Bloomberg , Dillon will also become a member of the company’s board. Both of these appointments will become active on Sept. 1. Evercore ISI analyst Warren Cheng and others see this appointment as a big positive for FL stock. Cheng characterized Dillon as one of Wall Street’s “beloved” figures. Her joining Foot Locker symbolizes a “huge win” for the company. This executive change isn’t the only upside catalyst for shares. In Q2, Foot Locker also reported adjusted earnings per share (EPS) of $1.10 .
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Online furniture retailer Wayfair Inc said on Friday it would cut about 870 jobs, or 5% of its global workforce, as it looks to cut back operating expenses and realign investment priorities. Retailers from Wayfair to Restoration Hardware and Target Corp in recent earnings reports noted weaker sales of furniture as U.S. consumers spend less […]
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Target Corporation (NYSE:TGT) stock fell 1.20% (As on August 18, 11:55:06 AM UTC-4, Source: Google Finance) after the company posted lower than expected results for… The post Target Corporation (NYSE:TGT) misses analysts’ expectations appeared first on FXDailyReport.Com .
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