Target Corp. Shares Slide On Soft Update Heading Into Holiday Season [Forbes]
Target Corporation (TGT)
Last target corporation earnings: 3/3 06:30 am
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Source: Forbes
AFP via Getty Images Target Corp. has reported disappointing third-quarter earnings and revenue despite price-cutting efforts across the board and early holiday promotions. And the Minneapolis-based retailer was hardly helped by far more rousing results from rival and retail titan Walmart. The discount general merchandiser, which posted its biggest miss in earnings in two years, also lowered its full-year outlook after previously raising it in August. Target's shares tanked on the news, down just over 20% over the past few days after recovering a similar amount of value over the past 12 months, albeit on an uneven trajectory that has seen a number of spikes and dips. “We saw several strengths across the business, including a 2.4% increase in traffic, nearly 11% growth in the digital channel, and continued growth in beauty and frequency categories,” Target Chair and CEO Brian Cornell said in the earnings release , as he looked to the positives in Target's performance. Howe
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TGT
News
- Target Co. (NYSE: TGT) was downgraded by analysts at Hsbc Global Res from a "strong-buy" rating to a "hold" rating.MarketBeat
- Target Co. (NYSE: TGT) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "hold" rating.MarketBeat
- Q3 Earnings Buzz: Target Stock Falls Nvidia Shares Flat [Yahoo! Finance]Yahoo! Finance
- An Investigation Has Commenced on Behalf of Target Corporation Shareholders Contact Levi & Korsinsky to Discuss your TGT LossesAccesswire
- Target Accused of Breach of Contract in Lawsuit From Bullseye Dog Mascot Supplier [Yahoo! Finance]Yahoo! Finance
TGT
Earnings
- 11/20/24 - Miss
TGT
Sec Filings
- 11/20/24 - Form 8-K
- 11/13/24 - Form SC
- 10/15/24 - Form 8-K
- TGT's page on the SEC website