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Target Corporation - TGT STOCK NEWS

Welcome to our dedicated page for Target Corporation news (Ticker: TGT), a resource for investors and traders seeking the latest updates and insights on Target Corporation stock.

Target Corporation (NYSE: TGT), headquartered in Minneapolis, operates nearly 2,000 stores across the United States and serves millions of customers both in-store and online at Target.com. As the sixth-largest retailer in the United States, Target is known for offering a wide selection of apparel, home goods, electronics, and household essentials at competitive prices, aiming to provide a premium shopping experience.

Founded in 1946, Target has maintained a strong commitment to community support by donating 5% of its profits, amounting to millions of dollars each week. With a clear focus on delivering value and quality, Target has built a portfolio of owned brands that generate over $30 billion in annual sales, catering to various customer needs.

Recent initiatives include the introduction of dealworthy, a new low-price brand offering nearly 400 items, and the relaunch of the Target Circle loyalty program, designed to provide enhanced savings and personalized shopping experiences. In addition, Target has announced a collaboration with Diane von Furstenberg, featuring exclusive designs in fashion and home decor.

Financially, Target has shown resilience and strategic growth. For the fourth quarter of 2023, the company reported GAAP and adjusted earnings per share (EPS) of $2.98, significantly higher than the previous year's $1.89 per share. Full-year EPS also saw an increase, with GAAP EPS at $8.94 compared to $5.98 in 2022. Despite a 4.4% decline in comparable sales in the fourth quarter, Target's total revenue grew to $31.9 billion, a 1.7% increase from the previous year.

Target continues to invest in its future, focusing on enhancing store experiences, expanding its digital presence, and building a more efficient supply chain. With strategic investments, including the recent reintroduction of the Target Circle membership program, Target aims to foster deeper connections with its customers and sustain long-term growth.

Stay updated with the latest news and developments from Target Corporation by visiting their corporate website and press center.

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Target (NYSE: TGT) launched its annual Holiday Clearance Event on December 26, 2024, offering significant discounts across its nearly 2,000 stores and online platforms. The sale features discounts of up to 50% off on various categories including clothing, shoes, beauty, toys, and holiday decor.

Key offerings include 50% or more off select holiday family sleepwear, beauty gift sets, and holiday decor, while clothing, shoes, toys, and sporting goods are available at up to 50% off. Target Circle members can save an additional 5% using their Target Circle Card. The retailer is maintaining its convenient fulfillment options, including Drive Up, Order Pickup, and same-day delivery services, along with a 90-day return policy for most new, unopened items.

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Target (NYSE: TGT) announces extended holiday shopping services and deals for last-minute shoppers. The retailer offers same-day delivery on Christmas Eve for orders placed by 3 p.m., and Drive Up/Order Pickup services until 6 p.m. Most stores will operate extended hours until midnight through Dec. 23 and until 8 p.m. on Christmas Eve.

The company launches a Holiday Countdown Sale from Dec. 12-14, featuring deals up to 40% off through Dec. 24 via Target Circle. Key offers include savings on toys, beauty products, small appliances, and clothing. Notable deals include $10 off $50 toy purchases and $25 off $100 toy purchases, 30% off adult dressy clothing, and up to 50% off select toys including Squishmallows.

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Target (NYSE: TGT) has announced remarkable first-week sales of nearly 1 million copies for the exclusive 'Taylor Swift | The Eras Tour Book'. The 256-page book, priced at $39.99, has become the highest-selling Week 1 New Release print book of 2024 and the fastest-selling new release book in four years. It's also set a record as the highest-selling book in the Music category in the past 20 years.

The book launched exclusively in Target stores on Black Friday, alongside 'The Tortured Poets Department: The Anthology' on CD ($17.99) and vinyl ($59.99). The hardcover book features over 500 images, including exclusive performance photos, rehearsal shots, and behind-the-scenes content, along with Taylor's personal reflections about the tour.

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Target (NYSE: TGT) has announced its Cyber Monday sale running December 1-2, offering up to 50% off thousands of items across tech, video games, home, and more. The sale includes 25% off beauty products and significant discounts on Apple devices, PlayStation, and other popular brands.

The retailer will continue offering weekly deals through December 24, with notable savings including up to 30% off tech, 40% off small appliances, and 50% off select toys. Target Circle members can also enjoy the return of the popular 10% off Target GiftCards promotion on December 7-8.

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Target (NYSE: TGT) has announced its Black Friday deals running through Nov. 30, offering up to 50% off on thousands of items across tech, apparel, video games, and more. The retailer will feature special three-day deals from Nov. 28-30, doubling last year's offers. Most stores will open at 6 a.m. on Black Friday, featuring exclusive Taylor Swift items. The event includes a two-day Cyber Monday sale on Dec. 1-2.

Key deals include 50% off select holiday trees, cookware sets, and Target Circle 360 membership, plus up to 50% off headphones, toys, and floorcare products. The retailer is also offering its Thanksgiving meal for four at $20, reduced by $5 from last year.

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Target (NYSE: TGT) reported Q3 2024 financial results with comparable sales growth of 0.3% and digital sales increase of 10.8%. Guest traffic grew 2.4%, while Beauty comparable sales increased over 6%. The company reported GAAP and Adjusted EPS of $1.85, down 11.9% from last year. Total revenue reached $25.7 billion, up 1.1% year-over-year. Operating income was $1.2 billion, declining 11.2%. For Q4, Target expects flat comparable sales and EPS between $1.85 to $2.45, with full-year EPS guidance of $8.30 to $8.90.

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Target (NYSE:TGT) has announced it will host its third quarter earnings conference call via webcast on Wednesday, November 20, 2024 at 7:00 a.m. central time. The webcast will be accessible through the company's website at Corporate.Target.com/Investors under the 'Events & Presentations' section. Target, which operates nearly 2,000 stores and Target.com, invites investors and media to participate in the earnings call.

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Target (TGT) announced its Black Friday and holiday season store hours, with stores opening at 6 a.m. local time on Black Friday. The retailer will exclusively offer Taylor Swift's Eras Tour Book and The Tortured Poets Department: The Anthology on CD and vinyl in stores. Target will maintain its tradition of closing stores on Thanksgiving Day for the fifth consecutive year. From Nov. 30 to Dec. 23, stores will operate extended hours from 7 a.m. to midnight. The company is offering twice as many Black Friday weekend deals compared to last year, with reduced prices on over 2,000 everyday items. Customers can utilize same-day delivery services and save through the Target Circle program.

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Target (NYSE: TGT) has announced its holiday season deals strategy, featuring multiple savings opportunities from November through December. The campaign includes the return of Deal of the Day offering up to 50% off for Target Circle members from Nov. 1 to Dec. 24, new weeklong deals dropping every Sunday starting Nov. 3, and a new Early Black Friday Sale event running Nov. 7-9. The retailer will offer discounts across its entire product range, including exclusive brands and national labels, with deals available online and in stores. Target's Holiday Price Match Guarantee will run from Nov. 7 through Dec. 24, ensuring customers get the best prices throughout the season.

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Target (NYSE: TGT) has reduced its Thanksgiving meal price to $20, which is $5 less than last year. The meal serves four people and includes a turkey and six side dishes. The retailer is offering turkey at 79 cents per pound, 20% lower than last year, along with various side dishes and desserts under $5.

The company has introduced nearly 700 new food, beverage and entertaining items for the holiday season. Target Circle 360 members can get a free frozen pizza with same-day delivery orders from Nov. 13-16. Additionally, Target has reduced prices on more than 2,000 items for holiday entertaining.

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FAQ

What is the current stock price of Target Corporation (TGT)?

The current stock price of Target Corporation (TGT) is $135.79 as of January 3, 2025.

What is the market cap of Target Corporation (TGT)?

The market cap of Target Corporation (TGT) is approximately 62.4B.

What does Target Corporation specialize in?

Target Corporation specializes in retail, offering a wide range of products including apparel, home goods, electronics, and household essentials both in-store and online.

How many stores does Target operate?

As of recent updates, Target operates nearly 2,000 stores across the United States.

What is the Target Circle program?

The Target Circle program is Target's loyalty membership offering personalized deals and savings, along with exclusive benefits for members.

What financial performance did Target report for the fourth quarter of 2023?

For the fourth quarter of 2023, Target reported GAAP and adjusted earnings per share (EPS) of $2.98, an increase from $1.89 in the same quarter the previous year.

What is the new 'dealworthy' brand?

'dealworthy' is Target's new low-price brand offering nearly 400 everyday basics at competitive prices, with items starting at less than $1.

How does Target contribute to communities?

Since 1946, Target has donated 5% of its profits to communities, which currently equals millions of dollars each week.

What are some recent collaborations announced by Target?

Target recently announced a limited-time collaboration with Diane von Furstenberg, featuring exclusive designs in fashion and home decor.

Where can I find the latest news about Target?

You can find the latest news about Target by visiting their press center on their corporate website.

What strategic initiatives is Target focusing on?

Target is focusing on enhancing store experiences, expanding its digital presence, and building a more efficient supply chain to foster long-term growth.

How does Target aim to attract more customers?

Target aims to attract more customers by offering competitive prices, quality products, exclusive brand collaborations, and a rewarding loyalty program through Target Circle.
Target Corporation

NYSE:TGT

TGT Rankings

TGT Stock Data

62.42B
456.94M
0.24%
85%
3.03%
Discount Stores
Retail-variety Stores
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United States of America
MINNEAPOLIS