Target Corporation
TGT-
Target Corp. gained 0.4% to $117.61 after the large-format store chain operator reported fourth-quarter comparable sales growth of 1.5%, reflecting steady traffic and digital performance.
Net sales in the fourth quarter ending on February 1 dropped 3.1% to $30.91 billion from $31.92 billion, net earnings declined to $1.10 billion from $1.38 billion, and earnings per diluted share fell to $2.41 from $2.98 a year ago.
Fourth-quarter comparable sales advanced 1.5%, as digital comparable sales grew 8.7% from a year ago.
Same-day delivery powered by Target Circle 360™ grew more than 25% compared to last year.
Comparable sales in apparel and hardlines accelerated by nearly 4% as compared to the third quarter.
The company guided for fiscal 2025 net sales growth of around 1%, based on flat comparable sales growth.
Target expects a “modest increase” in its operating margin rate compared to full-year 2024, an effective tax rate between 23% and 24%, and GAAP and adjusted earnings per share between $8.80 and $9.80, compared to $8.86 in 2024.
Target paid dividends of $513 million in the fourth quarter, up 1.8% from $508 million last year.
In addition, the company repurchased $506 million of its shares, retiring 3.7 million shares at an average price of $136.89, and as of the end of the fourth quarter, Target had $8.7 billion in remaining repurchase authorization since the program’s approval in August 2021.
Mar 5, 2025 -
Target Corp. declined 0.8% to $133.52 after the big-box retailer raised its sales outlook in the fourth quarter.
The retailer said comparable sales are likely to increase 1.5% in the fourth quarter, compared to the previous estimate of flat.
The company left its earnings estimate unrevised for the quarter and the full year, indicating customers were driven by promotions and deals during the holiday period.
The retailer anticipated earnings per share in the fourth quarter between $1.85 and $2.45 and for the full year between $8.30 and $8.90.
Target said it will release detailed financial results on March 4.
Jan 16, 2025 -
Target Corp. plunged 19% to $127.35 after the discount retailer reported weaker-than-expected quarterly results and guided a cautious outlook.
Total revenue in the fiscal third quarter ending on November 2 increased 1.1% to $25.66 billion from $25.39 billion, net income plunged 12.1% to $854 million from $971 million, and diluted earnings per share fell to $1.85 from $2.10 a year earlier.
The retailer forecast fourth quarter earnings per share between $1.85 and $2.45, sharply lower than the market expectation of at least $2.65, and full-year earnings per share between $8.30 and $8.90.
Nov 20, 2024 -
Target Corp. declined 8.8% to $142.10 after the retailer reported weaker-than-expected earnings and a decline in sales driven by weakening growth trends in discretionary item sales.
Consumers limit their purchases of groceries and discretionary items like apparel and home decor.
Moreover, shoppers are chasing discounts, and relatively high-priced grocery items sold at Target still face competition from discount stores like Walmart, Aldi, Lidl, and other regional discount chains.
Target has been struggling to convince customers to spend more, as about 20% of its total sales are groceries, unlike 60% of Walmart's sales.
Total revenues declined 3.1% to $24.5 billion from $25.3 billion, net income dropped 0.8% to $942 million from $980 million, and diluted earnings per share fell to $2.03 from $2.05 a year ago.
Comparable sales declined 3.7% in the first quarter, reflecting a comparable store sales decline of 4.8%, partially offset by a comparable digital sales increase of 1.4%.
For the second quarter and for the full year, the company anticipated comparable sales to increase between zero and 2%.
For the full year, the company reiterated its adjusted earnings per share outlook to be between $8.60 and $9.60.
May 22, 2024 -
Target Corp. soared 14.2% to $126.65 after the retailer reported positive quarterly results.
Comparable sales in the third quarter declined 4.9%, and declines in discretionary categories were partially offset by an increase in daily necessities categories, including beauty.
Total revenue declined 4.2% to $25.4 billion, net income in the quarter advanced 36.3% to $971 million from $712 million, and diluted earnings per share rose to $2.10 from $1.54 a year ago.
Inventory at the end of the quarter was 14% lower than a year ago, after a 19% decline in discretionary category inventories.
The company guided fourth-quarter comparable store sales to decline in a wider range around the mid-single digit, reflecting uncertainties about holiday spending.
Nov 15, 2023
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| Trading Volume | 490,175 |
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177.82 - 105.00 |
| Market Cap Full | $ 70.9B |
Quarterly +
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Q1 | 0.4% | 24.3% | 11.1% | -8.3% |
| Q2 | - | -16.8% | -20.3% | -33.5% |
| Q3 | - | 6.9% | -16.2% | 5.1% |
| Q4 | - | -13.2% | 33.5% | 0.4% |
Monthly +
| J | F | M | A | M | J | J | A | S | O | N | D |
| 2025 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 3 | - | - | - | - | - | - | - | - | - | - | - |
| 2024 | |||||||||||
| -2.3 | 9.9 | 15.8 | -9.1 | -3.1 | -5.2 | 1.6 | 1.9 | 1.6 | -3.9 | -11.6 | 2.2 |
| 2023 | |||||||||||
| 15.5 | -2.2 | -1.7 | -4.7 | -17 | 0.7 | 3.5 | -7.3 | -12.6 | 0.2 | 20.8 | 6.4 |
| 2022 | |||||||||||
| -4.8 | -9.4 | 6.2 | 7.7 | -28.6 | -13.5 | 15.2 | -1.6 | -7.4 | 10 | 2.4 | -10.8 |
| 2021 | |||||||||||
| 2.6 | 1.7 | 7.5 | 4.8 | 9.5 | 6.4 | 8 | -5.4 | -7.4 | 13.5 | -6.3 | -4.9 |
| 2020 | |||||||||||
| -13.6 | -6.5 | -9.7 | 18 | 12.1 | -2 | 5 | 20.7 | 4.1 | -4 | 17.4 | -0.6 |
EPS
| 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|
| Q1 | 1.9 | 3.2 | 2.7 | 1.6 |
| Q2 | 2.1 | 2.2 | 4.2 | 0.6 |
| Q3 | 1.8 | 0.4 | 3.7 | 3.4 |
| Q4 | 2.1 | 1.5 | 3 | 2 |
| A | 7.84 | 6 | 14.1 | 8.6 |