Target to boost dividend by 32%, lifting yield to near Walmart's 2021/06/09 10:37:56 MarketWatch
Target Corp. said Wednesday it will raise its quarterly dividend by 32.4%, to 90 cents a share from 68 cents. The discount retailer's new dividend will be payable Sept. 10 to shareholders of record on Aug. 18. Based on Tuesday's stock closing price of $235.10, the new annual dividend rate would lift the implied dividend yield to 1.53% from 1.16%, which compares with rival Walmart Inc. of 1.57% and the implied yield for the S&P 500 of 1.39%. Target's stock, which was little changed in premarket trading, has soared 94.8% over the past 12 months, while Walmart shares have gained 15.2% and the S&P 500 has advanced 31.8%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Target Corporation Increases Quarterly Dividend by 32 Percent 2021/06/09 10:30:00 Benzinga
MINNEAPOLIS , June 9, 2021 /PRNewswire/ -- The board of directors of Target Corporation (NYSE: TGT ) has declared a quarterly dividend of 90 cents per common share, a 32.4% increase from the prior quarterly dividend of 68 cents . The dividend is payable Sept. 10, 2021 to shareholders of record at the close of business August 18 , 2021. The 3rd quarter dividend will be the company's 216th consecutive dividend paid since October 1967 when the company became publicly held. With the increase announced today, 2021 is on track to be the 50th consecutive year in which Target has increased its annual dividend. Full story available on Benzinga.com
UBS Analyst Upgrades Target: What You Need To Know 2021/06/08 19:29:49 Business Insider Markets
UBS analyst Michael Lasser upgraded Target Corporation (NYSE: TGT ) stock from Neutral and raised its price target from $210 to $265.
Benzinga's Top Ratings Upgrades, Downgrades For June 8, 2021 2021/06/08 14:07:36 Benzinga
Upgrades According to Seaport Global, the prior rating for CMC Materials Inc (NASDAQ: CCMP ) was changed from Neutral to Buy. CMC Materials earned $1.71 in the second quarter, compared to $1.75 in the year-ago quarter. The current stock performance of CMC Materials shows a 52-week-high of $198.60 and a 52-week-low of $126.53. Moreover, at the end of the last trading period, the closing price was at $144.98. For Kosmos Energy Ltd (NYSE: KOS ), Johnson Rice upgraded the previous rating of Accumulate to Buy. For the first quarter, Kosmos Energy had an EPS of $0.08, compared to year-ago quarter EPS of $0.16. At the moment, the stock has a 52-week-high of $3.69 and a 52-week-low of $0.90. Kosmos Energy closed at $3.39 at the end of the last trading period. According to Johnson Rice, the prior rating for Diamondback Energy Inc (NASDAQ: FANG ) was changed from Hold to Accumulate. Diamondback Energy earned $2.30 in the first quarter, compared to $1.45 in the year-ago quarter. The stock has a 52-week-high of $89.07 and a 52-week-low of $23.63.
LRT Capital- Shares of Target Corp. (TGT) are a Bargain 23x Trailing and 20x Forward Earnings 2021/06/04 01:32:23 Yahoo Finance
LRT Capital: Shares of Target Corp. (TGT) are a Bargain 23x Trailing and 20x Forward Earnings Yahoo Finance
What 18 Analyst Ratings Have To Say About Target 2021/05/20 15:35:35 Benzinga
Target (NYSE: TGT ) has observed the following analyst ratings within the last quarter: Last 30 Days 1 Month Ago 2 Months Ago 3 Months Ago Bullish 2 0 1 3 Somewhat Bullish 4 2 1 2 Indifferent 0 1 0 1 Somewhat Bearish 0 0 0 0 Bearish 0 0 0 0 In the last 3 months, 18 analysts have offered 12-month price targets for Target. The company has an average price target of $228.94 with a high of $265.00 and a low of $188.00. This current average has increased by 5.82% from the previous average price target of $216.35. Analyst Ratings: What Are They? Analysts are specialists … Full story available on Benzinga.com
Momentum Continues To Weaken, With Numbers Coming Up Red Amid Cryptocurrency Weakness 2021/05/19 14:13:45 Benzinga
A steady diet of healthy earnings doesn’t seem filling enough these days for a bull that once roared. It’s a sea of red this morning following Tuesday’s lackluster session, despite a fresh set of solid results from the retail sector. A host of predators emerged from the woods to hunt for bulls this morning. First, China tightened regulations on cryptocurrencies, which helped send bitcoin plummeting to three-month lows below $40,000. That’s far from the only thing pressuring Wall Street, but it doesn’t help. Second, the “dreaded ‘I’ word” (inflation) continues to haunt, as strong economic readings out of Europe this morning led to new fears of overheating. Stocks came under pressure overseas, so that brought some negative momentum. Gold recorded four-month highs early today, which you sometimes see when inflation fears ramp up. Also, the dollar is near its 2021 lows, which tends to raise commodity prices. People might also be on edge ahead of this afternoon’s Fed minutes. Those words are going to potentially get a closer look than usual for signs of the Fed getting anxious at all about prices.
Why Target's Stock Is Trading Higher Today 2021/05/19 12:48:07 Benzinga
Target Corp (NYSE: TGT ) … Full story available on Benzinga.com
A Peek Into The Markets: US Stock Futures Down Ahead Of Fed Minutes 2021/05/19 10:01:16 Benzinga
Pre-open movers U.S. stock futures traded lower in early pre-market trade after the Dow Jones tumbled more than 260 points in the previous session. Investors are awaiting earnings results from Target Corporation (NYSE: TGT ), Lowe`s Companies Inc (NYSE: LOW ) and Cisco Systems Inc (NASDAQ: CSCO ). Federal Reserve Governor Randal Quarles and Federal Reserve Bank of St. Louis President James Bullard will speak at 10:00 a.m. ET. The Federal Open Market Committee will issue minutes of its latest meeting at 2:00 p.m. ET. Futures for the Dow Jones Industrial Average dropped 165 points to 33,831.00 while the Standard & Poor’s 500 index futures fell 26.75 points at 4,096.25. Futures for the Nasdaq 100 index fell 148 points to 13,064.00. The U.S. has the highest number of COVID-19 cases and deaths in the world, with total infections in the country exceeding 32,997,500 with around 587,210 deaths. India reported a total of at least 25,496,330 confirmed cases, … Full story available on Benzinga.
Walmart Q1 Earnings Might Be First Signs Of What Future Without COVID Rush Might Look Like 2021/05/17 14:23:36 Benzinga
When Walmart Inc (NYSE: WMT ) rang up record-breaking sales numbers but missed Wall Street’s expectations in the last quarter, it warned that the blockbuster results—for an essential retailer of its size—snagged during the pandemic would not be sustainable. As one of the chosen big-box stores allowed to keep its doors open—when most of the country was ordered into lockdown last year—WMT churned out mega sales numbers as consumers flocked to Walmart and Sam’s Club stores, as well as its e-commerce platform. On the flip side, WMT also racked up big-time expenses mostly tied to labor, sanitation, fulfillment costs, and technology. But the Bentonville, Arkansas-based company—still holding the mantle of world’s largest—said essentially that it was looking to take that consumer momentum and make hay while the sun was still shining and consumers had not yet fully ventured out to see it. On the Q4 conference call back in February 2021, Chief Financial Officer Brett Biggs said the last fiscal year was “the most challenging and unique time we’ve all faced.” “However, it’s also a time that presents great opportunities,” he added. “This is an important moment for Walmart and we are ready.” Will WMT be as ready as Biggs and Chief Executive Doug McMillion rallied for on that last call?
Retail Stocks Set The Stage For Strong 2021, And Maybe This Leveraged ETF 2021/03/29 12:23:35 Benzinga
If the past year has illustrated anything about the U.S. economy, it’s that most Americans are still willing and eager to spend their money on necessary or luxury items, even in times of great uncertainty and stress. According to consumer spending data from the U.S. Bureau of Economic Analysis, personal consumer outlays on goods and services dipped substantially in the second quarter of 2020 as the COVID-19 pandemic shook the world, only to recover to about 2019 levels in the second half of the year. While initial spending data from 2021 has been mixed, with strong January sales mitigated by a pullback in February, analysts remain optimistic consumers will continue to spend as they look forward to a gradual reopening of the economy and continue to work through the two stimulus checks many received in the past three months. This is not, of course, a wholesale indication of the strength of the economy. It is, however, a signal that the retail sector is well situated for a potentially record-setting year as consumers return to some semblance of normalcy with the confidence that a few hundred dollars tend to instill in most people.
Analyst Perspective: Walmart Vs. Target Vs. Amazon In Grocery Wars 2021/03/20 12:32:19 Benzinga
What happens when two of the largest U.S. retailers take on the behemoth of the e-commerce universe in a battle for American grocery shoppers, with investors placing their bets on the sidelines? According to a new Bank of America Securities report, the three-way showdown between Walmart (NYSE: WMT ), Target Corporation (NYSE: TGT ) and Amazon.com, Inc. (NASDAQ: AMZN ) offers a distinctive view into pandemic-era retailing and the challenges that will arise when the health crisis is finally in the rearview mirror. Market Shares: The report acknowledged Amazon's dominance in e-commerce, with a 44% share of the U.S. market. Trailing far behind are Walmart with a 7% share and Target at 2%. Looking forward this year, BofA estimated Amazon's share will expand to 47% in 2021, with Walmart growing to 8% and Target to 3%. In the grocery sector, Walmart has roughly one-quarter of the total market share, which has solidified over the past 12 months via its contactless fulfillments. However, Amazon has been trying to make inroads over the past two years and its efforts look like they are beginning to pay off. "We expect AMZN to continue investing in the space as it looks to drive greater frequency/customer stickiness, …
Medtronic (MDT) Gets FDA Nod for Revised Neuromodulation Labeling | Investing.com 2021/03/18 15:20:06 Investing.com
Stocks Analysis by Zacks Investment Research covering: Hologic Inc, Medtronic PLC, Target Corporation, Abbott Laboratories. Read Zacks Investment Research's latest article on Investing.com
Will Target's New Private-Label Grocery Brand Be A Hit? 2021/03/09 22:42:18 Benzinga
Target Corporation (NYSE: TGT ) has announced the launch of Favorite Day, a new private-label grocery brand. What Happened: Favorite Day will feature more than 700 products divided between two lines: Favorite Day Bakery, offering baked goods including cupcakes and breads, and Favorite Day Gourmet, a collection ice cream, sweets and snacks. The Favorite Day products will arrive in stores and online on April 5. This is Target’s second private … Full story available on Benzinga.com
In The Future, Every Company Will Be A Financial Services Company 2021/03/09 14:26:50 Benzinga
The idea of non-banks encroaching into financial services is not new. Beginning in the 20th century, many consumer-facing companies created divisions to offer financial services to customers—mostly in the form of lending. Ally Financial was founded as the General Motors Acceptance Corporation by General Motors Company (NYSE: GM ) in 1919 to provide car loans. GE Capital, the financial services arm of General Electric Company (NYSE: GE ), was founded in the 1930s to provide commercial lending and leasing, as well as a range of other financial services. Eventually, companies like Target Corporation (NYSE: TGT ) expanded into credit services (creating the Target National Bank in the 1980s) and Walmart famously tried and failed to start its own bank in the 2000s. In 2003, Alibaba Founder Jack Ma launched Alipay for the sole purpose of helping Alibaba Group Holding (NYSE: BABA ) sellers and customers send and receive payments online. Perhaps these were all signs. Over the last two decades, but especially in the last couple of years, the steady drip of non-banks offering banking-like services has evolved into an all-out flood—with tech companies leading the wave.