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.
Target Corporation (NYSE: TGT) announces the appointment of Prat Vemana as executive vice president and chief digital and product officer, effective October 31. Vemana will enhance Target's digital business, overseeing site merchandising, user experience, and product operations. Currently, digital channels represent 20% of Target's business. Vemana brings extensive experience from Kaiser Permanente, where he led significant digital advancements. This strategic hire aims to further accelerate Target's digital growth and improve consumer experience across all platforms.
Target Corporation (NYSE: TGT) announces its expanded Target Deal Days from October 6-8, featuring four times more offers than last year. Shoppers can find discounts of up to 50% on holiday toys, electronics, and more, alongside gift card promotions for beauty and household essentials purchases. Target highlights over half a million holiday gifting deals, including select items from brands like Apple and Disney. The retailer also emphasizes easy shopping with same-day fulfillment options and a Holiday Price Match Guarantee extending until December 24.
On September 28, 2022, InvestorsObserver issued critical PriceWatch Alerts for DOCU, HD, TGT, COST, and CTXS. InvestorsObserver provides options trading reports and stock analysis to help investors make informed decisions. Their proprietary system evaluates stocks based on both technical factors and Wall Street opinions, along with a 12-month price forecast to gauge a stock's investment suitability. The alerts signify potential trading opportunities for investors considering these stocks.
Target Corporation (NYSE:TGT) has declared a quarterly dividend of $1.08 per common share, payable on December 10, 2022, to shareholders recorded as of November 16, 2022. This marks the 221st consecutive dividend since the company became publicly held in October 1967. Target continues to maintain a strong commitment to its shareholders, reflecting its stability and consistent performance in the market.
Target Corporation (NYSE: TGT) is launching its holiday season earlier than ever with the biggest Target Deal Days event from Oct. 6-8, featuring hundreds of thousands of deals. The retailer aims to hire up to 100,000 seasonal team members to enhance customer experience, ensuring availability of products and services. Additionally, Target's Holiday Price Match Guarantee will be available from Oct. 6 to Dec. 24, allowing customers to shop early with price confidence. Guests can also benefit from loyalty programs and same-day delivery options, showcasing Target's commitment to customer satisfaction.
TD Bank has announced a multi-year extension of its partnership with Target Corporation, continuing its role as the exclusive issuer of Target co-branded consumer credit cards. This collaboration, which began in 2013, aims to enhance customer value through the RedCard Mastercard program, offering benefits like 5% savings and rewards on various purchases. Target's RedCard holders have collectively saved over $9.7 billion over the past 12 years. The partnership reflects both companies' commitment to delivering exceptional value and an innovative card program for customers.
Target Corporation (NYSE: TGT) is launching the second edition of The Fall Designer Collection on October 9, 2022. The collection features over 100 apparel and accessories items created in collaboration with designers Kika Vargas, La Ligne, and Sergio Hudson. Items are affordably priced between $8 and $70, with most under $40. The collection emphasizes inclusivity, offering sizes from XXS to 4X, and is available for same-day pickup at select stores and online.
Target Corporation (NYSE: TGT) has announced an exclusive multiyear agreement with FAO Schwarz to boost its holiday toy collection. Starting mid-October, over 120 exclusive toys will be available at Target and FAO Schwarz stores, including a capsule collection celebrating FAO's 160th anniversary. Target's 'Bullseye's Top Toys' list will highlight 50 must-have holiday toys, starting at $14.99, featuring products from brands like Disney and Mattel. The collaboration aims to enhance Target's toy assortment and provide unique shopping experiences.
Target Corporation (NYSE: TGT) announced CEO Brian Cornell's commitment to lead the company for three more years. Cornell's leadership has contributed to nearly $40 billion in annual revenue growth since 2014. The board eliminated its CEO retirement policy, underscoring their confidence in Cornell's vision. In addition, Arthur Valdez, the executive vice president of supply chain and logistics, will retire, with Gretchen McCarthy succeeding him. Both transitions aim to enhance Target's omnichannel strategy and support continued growth.
Target Corporation (NYSE: TGT) reported its second quarter 2022 results, showing comparable sales growth of 2.6% and total revenue of $26.0 billion, up 3.5% from last year. The GAAP EPS dropped 89.2% to $0.39 due to inventory reduction actions. Operating income fell 87.0% to $321 million, with an operating margin rate of 1.2%. Despite challenges, the company maintains its full-year guidance for low- to mid-single digit revenue growth. The dividend increased 32.4%, and the company repurchased $2.6 billion in shares.
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