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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.

News

Target Corporation to Webcast Presentation to Investors on March 5

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Target Corporation (NYSE:TGT) is set to announce its fourth quarter and full-year 2023 financial results on March 5, followed by a webcast discussing strategic plans for 2024 and beyond.
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Target Announces Collaboration with Diane von Furstenberg for Affordable Spring Collection

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Target Corporation (NYSE: TGT) announces a limited-time collection with Diane von Furstenberg, offering over 200 pieces of apparel, accessories, beauty, and home items, with most priced under $50. The collaboration includes iconic styles like the wrap dress and fresh takes on activewear and furniture, available starting March 23 on Target.com and in stores.
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WubbaNub Announces Exclusive Baby Bullseye Pacifier-Plush With Target

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WubbaNub, the original pacifier-plush combo, launches the Baby Bullseye WubbaNub exclusively at Target.com, featuring the iconic Bull Terrier mascot. The collaboration showcases WubbaNub's growth, strategic brand evolution, and status as a leader in the baby gear market. Priced at $15.99, the Baby Bullseye WubbaNub is latex-, BPA-, and Phthalate-free, with plans for an in-store launch. WubbaNub has a history of successful partnerships, including with MLB and Jimmy Fallon.
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Target Introduces New Brand, dealworthy, Featuring Low Prices on Everyday Basics

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Target Corporation (TGT) introduces new low-price owned brand 'dealworthy' with nearly 400 everyday basics starting at less than $1 and most under $10. The brand is backed by Target's one-year return policy, offering consumers incredible value without compromising quality. dealworthy spans apparel & accessories, essentials & beauty, electronics, and home items, with prices significantly lower than other brands. Consumers can shop dealworthy in stores, online, or through Target's fast and free services like Drive Up and Order Pickup.
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Target Introduces More than 1,000 New Products to Support Guests on Their Wellness Journey, Starting at Just $1.99

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Target Corporation (NYSE: TGT) announced the launch of over 1,000 new wellness products starting at $1.99. The products include supplements, vitamins, tech, and accessories for a holistic wellness experience. The company is offering exclusive brands, celebrity-founded products, stylish workout apparel, and good-for-you food and beverages. Target is prioritizing ingredient transparency and effortless shopping experience with various fulfillment services.
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Target Announces Michael Fiddelke as Chief Operating Officer

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Target Corporation announces the appointment of Michael Fiddelke as chief operating officer, the upcoming retirement of chief legal and compliance officer Don Liu, and updates to its leadership in merchandising. Fiddelke, who has been the chief financial officer since Nov. 1, 2019, will take on the new role effective Feb. 4, 2024, overseeing the retailer's stores, supply chain, fulfillment services, and more. Liu will be retiring, and leadership changes in merchandising will be made to manage the merchandise portfolio more effectively.
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Target Corporation Declares Regular Quarterly Dividend

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Target Corporation (TGT) has declared a quarterly dividend of $1.10 per common share, payable on March 10, 2024, to shareholders of record at the close of business on February 21, 2024. This marks the 226th consecutive dividend paid by the company since October 1967 when it became publicly held.
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The Target Clearance Run Kicks Off Today, Featuring Up to 50% Off Clothing, Shoes, Beauty, Toys and More

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Target Corporation (NYSE: TGT) has announced that The Target Clearance Run, their annual post-holiday sales event, begins today, offering up to 50% off clothing, shoes, beauty, toys, and more. The event is available at nearly 2,000 stores, Target.com, and in the Target app.
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Target Announces Easy Ways to Get Last-Minute Purchases as Late as Christmas Eve

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Target Corporation (NYSE: TGT) is offering extended holiday hours, same-day services, and new deals to make last-minute holiday shopping easy and joyful. Customers can place orders before Christmas Eve to use same-day services and get their purchases. Target has also announced special deals for holiday savings, including discounts on toys, Apple products, clothing, and home items.
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Target Announces Easy, Affordable Holiday Meal for Under $25

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Target Corporation (TGT) offers a holiday meal under $25 deal, including ham, potatoes, corn, and more for four people. The deal runs from today through December 25, with additional sides and desserts available for $5. Target also introduced hundreds of new food and beverage items, with half priced under $5. The retailer provides fast, convenient same-day Drive Up and delivery options for a hassle-free shopping experience.
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FAQ

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

The current stock price of Target Corporation (TGT) is $152.13 as of November 15, 2024.

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

The market cap of Target Corporation (TGT) is approximately 70.7B.

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.

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Target Corporation

NYSE:TGT

TGT Rankings

#193 Ranked by Market Cap
#1063 Ranked by Dividends

TGT Stock Data

70.72B
462.64M
0.23%
83.22%
3.09%
Discount Stores
Retail-variety Stores
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United States of America
MINNEAPOLIS