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What Wall Street Is Doing With Target's Stock
Thursday, August 20, 2015 - 1:17pm | 1029Read More...Shares of Target Corporation (NYSE: TGT) traded as high as $84.62 after the company reported its second quarter results on Wednesday. By Thursday morning, the stock completely reversed course and dipped below the $80 per share mark as investors and traders were debating the positives and...
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Target CFO Weighs In On Q2 Earnings
Wednesday, August 19, 2015 - 3:56pm | 297Read More...Target Corporation (NYSE: TGT) surprised the Street on Wednesday by reporting better-than-expected earnings and upping its full-year guidance. The company declared EPS of $1.22 for the quarter on revenue of $17.4 billion. Target CFO and recently appointed COO, John J. Mulligan, was on CNBC...
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Workers Push $15 Minimum Wage, Experts Respond
Thursday, July 23, 2015 - 3:48pm | 1092Read More...The nationwide push toward a $15 minimum wage marched forward on Wednesday. University of California President Janet Napolitano announced that the network of schools would raise its minimum wage for employees working at least 20 hours a week to $15 per hour by 2017. The UC school system employs...
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CVS Will Acquire Target's Pharmacy Business For Nearly $2 Billion
Monday, June 15, 2015 - 8:09am | 290Read More...CVS Health Corp (NYSE: CVS) has signed an agreement alongside Target Corporation (NYSE: TGT). CVS will acquire and rebrand Target’s pharmacies and clinics and will operate them in a different way, according to a press release filed on Monday morning. Shares of both companies are up...
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Target Boosts Share Buyback To $10 Billion, Raises Quarterly Dividend
Wednesday, June 10, 2015 - 9:21am | 281Read More...Target Corporation (NYSE: TGT) on Tuesday announced that its Board of Directors approved an increase in its quarterly dividend to $0.56 per share from the prior quarterly dividend of $0.52 per share. The dividend is payable September 10 to shareholders of record at the close of business on August...
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IPO Outlook: DavidsTea Comes In 150 Flavors Investors Can Enjoy
Thursday, June 4, 2015 - 2:15pm | 1392Read More...Fast-growing beverage retailer DavidsTea (NASDAQ: DTEA) will deliver its hot IPO issue this Friday, June 5. The company plans to sell 5.1 million shares between $14 and $16 per share under the ticker DTEA on the NASDAQ. The offering expects to raise $75 million to fuel expansion and due to...
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Big-Box Retailers Step Into The Spotlight For Earnings This Week
Sunday, May 17, 2015 - 11:07am | 909Read More...After last week's disappointing earnings from Macy's and Nordstrom, but positive surprises from J.C. Penney and Kohl's, the big guns in retail are poised to share their most recent quarterly results this week. Consensus estimates from Wall Street analysts call for year-on-year...
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Target May Owe You Up To $10,000 From Data Breach
Thursday, March 19, 2015 - 9:44am | 177Read More...Target Corporation (NYSE: TGT) has agreed to a $10 million settlement with lawyers for its 2013 data breach, Engadget has reported. CBS News reported at the same time that the company could pay individuals up to $10,000 each in damages. Target's spokesperson Molly Snyder told CBS that the...
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Earnings Expectations For The Week: Retailers On Parade
Monday, February 23, 2015 - 7:46am | 1073Read More...Wal-Mart Stores, Inc. (NYSE: WMT) kicked off retail earnings season last week, though its strong quarterly earnings were overshadowed by news of its wage hike. More big retailers take turns in the earnings spotlight this week, including Home Depot Inc (NYSE: HD), J C Penney Company Inc (NYSE:...
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Target Says It Has Received Canadian Government Approval To Wind Down Its Operations
Thursday, January 15, 2015 - 11:27am | 247Read More...After announcing that it will exit the Canadian market, Target (NYSE: TGT) confirmed it has obtained an Initial Order from the Ontario Superior Court of Justice for creditor protection under the Companies' Creditors Arrangement Act. The order allows Target Canada to proceed with a court-...
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Target Says Au Revoir To Its Canadian Operations, Plans To Fully Exit Canada
Thursday, January 15, 2015 - 10:10am | 304Read More...Target Corporation (NYSE: TGT) on Thursday made the difficult decision to fully exit its Canadian operations after less than two years in operations. The company has already filed an application for protection under the Companies Creditors Arrangement Act with the Ontario Superior Court of...
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Brian Sozzi Suggests Target May Soon Decide On Canada
Friday, January 2, 2015 - 1:54pm | 319Read More...The new Target Corporation (NYSE: TGT) “Chairman and CEO Brian Cornell is poised to make one of the biggest decisions of his professional career: whether to pull his new employer completely out of Canada, where it currently has 133 stores,” according to Belus Capital Advisors'...
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Morningstar Analyst Says Pershing Square Has Track Record Of Pushing Retailers To Seek REITs
Tuesday, December 16, 2014 - 5:18pm | 183Read More...When asked about a rumor that Pershing Square Capital Management CEO Bill Ackman is seeking a REIT spinoff for McDonald’s Corporation (NYSE: MCD), Morningstar Analyst RJ Hottovy said that Pershing Square has a track record of pushing retailers with real estate assets to look at one of these...
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#PreMarket Primer: Monday, December 15: Hostages Taken In Downtown Sydney
Monday, December 15, 2014 - 8:52am | 1005Read More...An armed man took several hostages inside a downtown Sydney cafe and forced them to display the Islamic flag, raising suspicions that the attack was carried out by supporters of Islamic militants and their war in the Middle East. As of 7:00 GMT, five of the hostages had been released, but police...
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Oil Tumbles Following OPEC's Thursday Decision, Equities Little Changed During Friday's Shortened Session
Friday, November 28, 2014 - 3:09pm | 699Read More...While equities market were closed on Thursday in observance of Thanksgiving, OPEC nations gathered and jointly decided to maintain current output levels despite the slide in oil prices. Virtually every oil-related company, as well as many large solar companies, saw declines in share price on...











