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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 Announces Holiday Giveaway with Help from Actress and Singer Hilary Duff

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Target Corporation (TGT) is offering a $500 Target shopping spree to 500 members of Target Circle, their free-to-join loyalty program, for the holiday season. The winners will also receive a free, one-year membership for Target's same-day delivery with Shipt, worth $99. Actress Hilary Duff surprised guests at a Los Angeles Target store, delivering their Target Drive Up orders and giving them $500 Target GiftCards.
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Target Helps Guests Save with Two-Day Cyber Monday Sale and Deep Deals Through December

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Target Corporation (TGT) announces its two-day Cyber Monday sale on Nov. 26-27, featuring up to 50% off on hundreds of thousands of items, including apparel, accessories, toys, TVs, and laptops. The company also revealed that new week-long holiday deals on gifts and essentials will be announced every Sunday, running Nov. 26 through the month of December. Additionally, the guest-favorite 10% off Target GiftCards deal returns for Target Circle members on Dec. 2-3.
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Target Announces Black Friday Week Deals Featuring Hundreds of Thousands of Items, Many Up to 50% Off

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Target Corporation (NYSE: TGT) unveils full week of Black Friday deals featuring up to 50% off tech, video games, and toys, along with exclusive online Cyber Monday event. Stores closed on Thanksgiving Day, reopening at 6 a.m. local time on Black Friday. New deals available Thursday through Saturday during Black Friday weekend. Target offers free two-day shipping, same-day delivery with Shipt, and free Pickup and Drive Up options, with extended holiday return window for electronics and entertainment until Jan. 24, 2024.
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Target Corporation Reports Third Quarter Earnings

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Target Corporation (NYSE: TGT) announced its third quarter 2023 financial results, reporting a 5.2 percent operating income margin rate, a 36 percent increase in EPS, and over $5.3 billion operating cash flow for the year. Despite a 4.9 percent decline in comparable sales, the company's inventory decreased by 14 percent, and it plans to offer over 10,000 new holiday items, including exclusive products and gifts under $25.
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Target Corporation to Webcast 3rd Quarter Earnings Conference Call on Wednesday, November 15, 2023

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Target Corporation (NYSE:TGT) to host webcast of its third quarter earnings conference call on November 15, 2023, allowing investors and the media to listen through the company's website. Minneapolis-based Target Corporation has been serving guests at nearly 2,000 stores and at Target.com since 1946, with a commitment to giving 5% of its profit to communities. The purpose is to help all families discover the joy of everyday life.
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Target's Serving Up an Easy, Affordable Thanksgiving Meal for Under $25

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Target Corporation is offering a Thanksgiving feast that serves four for under $25, including turkey at less than $1 per pound. Guests can find everything they need for the meal on Target.com and have it delivered to their trunk or home. The convenient shopping experience includes same-day Drive Up and delivery options. Target is also offering additional Thanksgiving fixings and activities exclusive to Target.
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Target Kicks Off the Biggest Savings of the Holiday Season with Early Black Friday Deals, Starting Oct. 29

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Target Corporation is starting its biggest savings of the season with four weeks of deals leading up to Black Friday. The deals include discounts of up to 50% off on tens of thousands of items in all categories, including gifting, entertainment, electronics, toys, kitchen appliances, and more. Target's Holiday Price Match Guarantee ensures that guests get the best deals this holiday season. The deals begin on October 29 and run through Thanksgiving weekend.
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Target to Offer Thousands of New, Affordable Toys Under $25 for the Holiday Season

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Target Corporation offers thousands of affordable, trendy toys and games under $25 for the holiday season. They have unveiled their most affordable Bullseye's Top Toys list ever and new exclusives through collaborations with Disney and FAO Schwarz. Target also introduces a new immersive 360° shoppable experience on Target.com. Guests can receive additional savings through Target Circle and 5% off all purchases with a Target RedCard.
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Target Circle Week Returns Oct. 1-7 with Deep Savings on Thousands of Items and up to 40% off for Target Circle Members

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Target Corporation unveils plans for Target Circle Week event with deep discounts on products and exclusive offers for members. Savings of up to 40% off top brands. Shipt, Ulta Beauty, and Tripadvisor offer special deals. Target Circle members can access deals in stores, online, and via the app. Non-members can join for free.
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Target Corporation Declares Regular Quarterly Dividend

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Target Corporation declares quarterly dividend of $1.10 per share, marking 225th consecutive dividend paid since 1967.
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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