Target finally has some good news to share with investors.Target (TGT 1.07%) was one of the best-performing retail stocks during the pandemic.Its combination of selling essentials such as food and groceries as well as discretionary goods like electronics, apparel, and beauty products paid off as it was able to keep its doors open and saw surging growth from its Drive Up curbside pickup program.However, since then, Target's business has flopped. Sales of discretionary goods have fallen as consumers have face ...

The retail giant finally seems to be turning a corner.Target's (TGT 1.07%) stock jumped 11% on Aug. 21 after the retailer posted its second-quarter earnings report. Its revenue rose 3% year over year to $25.45 billion, exceeding analysts' estimates by $240 million, as its comparable sales grew 2%. Its adjusted earnings climbed 42% to $2.57 per share and also cleared the consensus forecast by $0.39.Target's headline numbers were impressive, but its stock remains more than 40% below its all-time high from Nov ...

There are a couple of important details to consider regarding last quarter's modest sales growth.Kudos to Target (TGT 1.07%), and congratulations to its shareholders. The retailer's stock soared more than 10% on Wednesday in response to its second-quarter numbers, which were better than expected. It also upped its full-year profit guidance, further fanning the bullish flames.However, there are a couple of footnotes regarding the company's Q2 results that just might make you rethink the notion that Target is ...

As the qualified default investment alternative (QDIA) in most 401(k) plans, target-date funds (TDFs) have become a critical “one-stop-shop” retirement savings and investment tool for participants during the long accumulation stage of their working lives. As participants move from accumulation to decumulation, their investment needs become less homogeneous with their unique personal circumstances. While the defined contribution (DC) industry has largely solved the accumulation stage of the life-cycle journe ...

Target’s sales and customer traffic bounced back this week after it closed crime-afflicted stores – suggesting more retailers may begin shuttering locations over shoplifting, sources told The Post.The “cheap chic” discounter posted earnings and revenue that beat Wall Street’s forecasts on Wednesday as markdowns lured inflation-weary shoppers. But Target COO Michael Fiddelke also cited a decrease in “inventory shrink” – or losses from shoplifting – for the company’s rebound. Target said it was making “progre ...

Second-quarter earnings reports for Ross Stores, TJX Companies (parent of TJ Maxx) and Target unveiled a mixed bag of results against a backdrop of economic uncertainty and ongoing supply chain disruptions. While the three retailers have carved out their respective niches, they face unique obstacles that are reshaping their strategies.Ross Stores: A Resilient Performance Amid ChallengesRoss Stores posted a strong performance in Q2 2024, continuing its tradition of delivering value to budget-conscious shoppe ...

Worries had hit shares of Target Co. TGT as rising crime waves in some states where the brand has the most square footage, like California, created a headwind for future earnings. However, these fears seem to have been put to bed as the company released its second quarter 2024 earnings results, sending the stock higher by up to 14% in a single day on a positive reaction to the numbers. In addition to this financial momentum, investors can be sure that the macro picture is also working for consumer staples s ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Target. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

LOS ANGELES, CALIFORNIA - AUGUST 20: The Target logo is displayed at a Target store on August 20, ... [+] 2024 in Los Angeles, California. Target is set to release its second quarter earnings report before tomorrow's opening bell. (Photo by Mario Tama/Getty Images)Getty ImagesTarget (NYSE: TGT) stock rose 10.3% on 21st August, as compared to a 0.4% increase in the S&P 500 index. While Target’s single-day performance stood out, overall sentiment toward retailer stocks was buoyant as indicated by a sharp incr ...

Target Corporation TGT shares are trading lower on Thursday.Yesterday, the company reported better-than-expected second-quarter financial results and raised its outlook.Target has raised its full-year 2024 adjusted EPS outlook to a range of $9.00 to $9.70, up from the previous range of $8.60 to $9.60. This new outlook compares to an estimate of $9.36.Analysts covering the retail behemoth provided their takes:BofA Securities analyst Robert F. Ohmes reiterated the Buy rating on Target, raising the price forec ...