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Sectors

Sector Update: Consumer Stocks Mixed Late Afternoon

Consumer stocks were mixed late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.1%.US consumer sentiment has rebounded in June as gasoline prices eased, while the inflation outlook dropped, the University of Michigan's preliminary survey showed Friday. The main sentiment index rose 9.2% sequentially to 48.9 this month, following three consecutive drops. The consensus was for a 46 print in a Bloomberg poll.In corporate news, Target (TGT) is showing early signs of a potential multiyear turnaround after a strong start to 2026, with UBS Securities saying the retailer's transformation has multiple stages beyond the initial comp recovery. UBS has a buy rating on the stock and a price target of $144. Target shares climbed 2.1%.Lennar (LEN) shares fell 4.3% after the homebuilder issued a fiscal Q3 delivery outlook below market estimates, while its revenue trailed expectations in the previous three-month period amid persistent housing market headwinds.Uber (UBER) is contacting parties interested in Delivery Hero's regional businesses as it seeks regulatory approval for its planned takeover of the German food delivery company, Bloomberg reported. Uber shares were down 1.5%.Pilgrim's Pride (PPC) shares added 1.5% after it said Friday it is investing $75 million to expand and overhaul its poultry facility in Ellijay, Georgia.

$LEN$PPC$TGT$UBER
Sectors

Sector Update: Consumer

Consumer stocks were mixed late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) fractionally lower.In corporate news, Target (TGT) is showing early signs of a potential multiyear turnaround after a strong start to 2026, with UBS Securities saying the retailer's transformation has multiple stages beyond the initial comp recovery. UBS has a buy rating on the stock and a price target of $144. Target shares were up 2.1%.

$TGT
Wire

Target Shows Early Signs of Multi-Year Turnaround After Strong Start to 2026, UBS Says

Target (TGT) is showing early signs of a potential multi-year turnaround after a strong start to 2026, with UBS Securities saying the retailer's transformation has multiple stages beyond the initial comp recovery.The company tied Q1 outperformance directly to category changes already made in areas such as Baby, Health & Wellness and Food, while flagging that many categories will not see meaningful improvement until 2027, the brokerage said in a note Thursday.UBS said the strategy recenters Target on curated, design-led assortments for its core busy-family demographic, the formula that originally helped the retailer scale to over $100 billion in sales. It said the setup points to a longer runway for improvement beyond 2026.The investment firm said sustained traffic growth will be key to maintaining momentum and driving further upside and estimates risk/reward is favorable at current levels, based on a calendar 2027 EPS estimate of about $9.50.UBS has a buy rating on the stock and a price target of $144.Price: $135.28, Change: $+2.64, Percent Change: +1.99%

$TGT
AI Likely to Become Functional Part Across Retail Operations, UBS Says
US Markets

AI Likely to Become Functional Part Across Retail Operations, UBS Says

Artificial intelligence will likely become a functional part across retail operations, with implications ranging from demand generation to cost structures, UBS Securities said in a note emailed Friday.The US hardline and food retail sector has mostly used AI in areas such as marketing, customer service chatbots and basic inventory optimization, the brokerage said.However, the technology is now being adopted more broadly across different functions, UBS analysts, including Michael Lasser, said."As consumers increasingly rely on large language models and agentic systems to discover, evaluate, and purchase goods, traditional traffic channels -- stores and websites -- may become less central," Lasser said. "This raises important questions around traffic monetization, particularly for high-margin businesses such as retail media."UBS expects higher-income consumers to influence demand dynamics, as the top 10% of households dictate about half of all spending.AI may exacerbate income inequality, benefiting premium categories and adding pressure on value-oriented segments, according to the UBS note. This means retailers may have to alter strategies to reflect "a more bifurcated consumer landscape."Retailers that use AI-driven marketing are likely to see improved customer acquisition efficiency, Lasser said.On the cost management front, he said working capital needs could drop due to the automation of repetitive processes and improved inventory management systems.While AI helps improve accuracy in stores and distribution centers, it introduces new costs, including cloud computing, data governance and cybersecurity, Lasser said.Retailers with integrated ecosystems are likely best positioned to benefit from mounting AI adoption, according to UBS. They include Walmart (WMT), Costco Wholesale (COST), Target (TGT), Home Depot (HD), Lowe's (LOW) and Kroger (KR).Also on that list are AutoZone (AZO), O'Reilly Automotive (ORLY), Wayfair (W) and Williams-Sonoma (WSM).Price: $120.42, Change: $-0.08, Percent Change: -0.07%

$AZO$COST$HD$KR$LOW$ORLY$TGT$W$WMT$WSM
Wire

Target's Recent Investments Gain Traction With Shoppers, RBC Says

Target's (TGT) recent investments in merchandising and operations are starting to connect with consumers despite a tougher macro backdrop, RBC Capital Markets said Thursday in a report.Pre- and post-analytics allow the company to isolate the impact of assortment changes in stores, with traffic gains showing up broadly across demographics rather than in isolated pockets, a signal of more durable recovery, RBC reported after meeting with Target executives.Top priorities include improving inventory reliability and boosting supply-chain efficiency through AI-driven allocation logic, the report said. RBC said it expects 2027 adjusted EPS of $9.59, compared with the market consensus of $8.96.RBC reiterated its outperform rating on the stock with a price target of $153 per share.Price: $135.58, Change: $+2.94, Percent Change: +2.22%

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Sectors

Sector Update: Consumer Stocks Advance Late Afternoon

Consumer stocks were higher late Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 2%.In corporate news, Target (TGT) shareholders opposed a proposal to separate board oversight from executive leadership, allowing former chief executive Brian Cornell to remain executive chair, Reuters reported. Target shares rose 3.6%.Burlington Stores (BURL) is set to continue gaining market share and improving profitability as it strengthens merchandising, inventory allocation, and supply chain efficiency, UBS Securities said in a report. UBS has a buy rating on Burlington stock with a $435 price target. Burlington shares climbed 4%.Oxford Industries (OXM) shares dropped 18% after the clothing company provided a fiscal Q2 sales outlook below analyst estimates, while its results declined year over year in the prior three-month period.McGraw Hill (MH) reported a year-over-year decline in fiscal Q4 sales on Thursday amid weakness in the K-12 business. Its shares fell 3.5%.

$BURL$MH$OXM$TGT
Sectors

Sector Update: Consumer Stocks Mixed Thursday Afternoon

Consumer stocks were mixed Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) fractionally lower and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.3%.In corporate news, Oxford Industries (OXM) shares dropped 19% after the clothing company provided a fiscal Q2 sales outlook below analyst estimates, while its results declined year over year in the prior three-month period.McGraw Hill (MH) reported an annual drop in fiscal Q4 sales on Thursday amid weakness in the K-12 business. Its shares declined 3.8%.Target (TGT) shareholders opposed a proposal to separate board oversight from executive leadership, allowing former Chief Executive Brian Cornell to remain executive chair, Reuters reported. Target shares rose 2.1%.

$MH$OXM$TGT
Sectors

Sector Update: Consumer Stocks Edge Higher Premarket Friday

Consumer stocks were edging higher premarket Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) advancing by 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.1%.Lululemon Athletica (LULU) stock was down more than 12% after the company posted a decline in fiscal Q1 earnings and cut its 2026 guidance.G-III Apparel Group (GIII) shares were up more than 5% after the company raised its fiscal 2027 adjusted EPS outlook.Target (TGT) has issued a voluntary recall of its Up & Up Fragrance Free and Up & Up Fresh Cucumber Scented wipes due to bacterial contamination, the retailer said. Shares of Target were 0.5% higher pre-bell.

$GIII$LULU$TGT$XLP$XLY
Insider Trading

Target Insider Sold Shares Worth $1,258,905, According to a Recent SEC Filing

Cara A Sylvester, Executive Officer, on May 29, 2026, sold 10,000 shares in Target (TGT) for $1,258,905. Following the Form 4 filing with the SEC, Sylvester has control over a total of 45,930 common shares of the company, with 45,930 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/27419/000184666226000007/xslF345X05/wk-form4_1780348153.xml

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Insider Trading

Target Insider Sold Shares Worth $6,492,623, According to a Recent SEC Filing

Brian C Cornell, Director, Executive Officer, on May 27, 2026, sold 50,000 shares in Target (TGT) for $6,492,623. Following the Form 4 filing with the SEC, Cornell has control over a total of 327,272 common shares of the company, with 133,506 shares held directly and 193,766 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/27419/000128870926000010/xslF345X05/wk-form4_1780002107.xml

$TGT
Dollar General, Dollar Tree Face Mounting Pressures Amid Macro Headwinds, Deutsche Bank Says
US Markets

Dollar General, Dollar Tree Face Mounting Pressures Amid Macro Headwinds, Deutsche Bank Says

Dollar General (DG) and Dollar Tree (DLTR) face growing challenges amid mounting energy costs and a tough pricing environment, Deutsche Bank said in a Wednesday note.Dollar Tree is scheduled to release its first-quarter results on Thursday, followed by Dollar General on June 2. Both discount retailers have lost more than 20% each in value so far this year."While it's been a rough few months for shares of (Dollar General) and (Dollar Tree), we are incrementally more cautious not only on the low-end consumer ... but also these models' ability to absorb/mitigate rising energy costs at a time consumers seek affordability," Deutsche Bank analyst Krisztina Katai said.Gasoline and crude oil prices have surged due to supply disruptions caused by the Middle East conflict.Deutsche Bank downgraded its rating on Dollar General to hold from buy, and lowered the price target to $110 from $170.Shares of Dollar General "may be unable to outperform this year as numerous headwinds impact results," Katai said.The biggest challenge is for Dollar General to expand gross margin amid diesel cost pressures, at a time of "a sharp food retail pricing environment" led by major retailers Walmart (WMT), Kroger (KR), and Target (TGT), Katai said.Deutsche Bank reiterated its hold rating on Dollar Tree, with a price target of $99.While discretionary reads have been favorable, Dollar Tree is "at risk of losing share given value perception challenges with the rapid expansion of multi-price, and increased reliance on holidays/occasions to drive traffic/sales," Katai said. "Moreover, this plays out against a backdrop of rising costs."Price: $104.95, Change: $+1.34, Percent Change: +1.29%

$DG$DLTR$KR$TGT$WMT
Research

Research Alert: CFRA Maintains Hold Opinion On Shares Of Target Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target by $3 to $133, approximately 16x our FY 27 (Jan.) EPS estimate of $8.31 (up from $8.15; FY 28 up to $9.19 from $8.83) and in line with the company's long-term average forward P/E. TGT's Apr-Q results exceeded expectations across nearly every key metric (e.g., comp sales, margins, EPS). Yet shares declined as management adopted a more cautious tone regarding the coming quarter, citing elevated gasoline prices and subdued consumer sentiment. We would also note that retailers such as TGT may have benefited from an outsized lift in discretionary spending during Q1, supported by the larger tax refunds that many consumers received this year. Looking ahead, TGT faces more demanding comparisons in the Jul-Q as it laps prior-year Nintendo Switch 2 sales, and cost pressures from fuel and transportation could intensify. Given the company's history of execution missteps and its ongoing turnaround strategy, we believe a Hold rating remains appropriate.

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Wire

Target's Organizational Changes, Tax Refund Drive Q1 Beat, RBC Capital Markets Says

Target (TGT) posted a strong fiscal Q1 beat and comp sales as organizational changes led to improved traffic and in-stock levels, and tax refunds likely supported customer spending, RBC Capital Markets said in a note Wednesday.Management reported strength across merchandising categories, consumer demographics, and income brackets as well as both in-store comp and digital channels, the brokerage said.However, the company shared limited commentary on Q2 traffic and demand trends, and highlighted tougher comparisons, leading investors to question the sustainability of momentum, particularly as the tax refund season concludes and inflation rises, according to the note.The brokerage raised its adjusted earnings per share and comp sales estimates for fiscal Q2 and 2026, saying evidence of change across the organization is expected to lead to more consistent growth in the future.RBC Capital Markets maintained an outperform rating on Target and raised the price target to $153 from $132.Price: $121.59, Change: $-0.74, Percent Change: -0.60%

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Wire

Target's Fiscal Q1 Beat Overshadowed by Tougher Comparisons Ahead, BofA Says

Target's (TGT) fiscal Q1 showed early signs of progress, but tougher comparisons and fading consumer tailwinds could pressure results going forward, BofA Securities said in a note emailed Thursday.The bank said it is raising fiscal 2026 and fiscal 2027 earnings per share estimates for the retailer by 4% and 5% to $8.20 and $8.53, respectively. However, upcoming comparisons will become more difficult as Target begins to lap the Nintendo Switch 2 launch and loses the benefit from earlier tax refund-driven consumer spending.The firm said the drivers of Q1 gross margin are expected to continue into Q2. Positive factors include stronger full-price sell-through, ongoing gains from advertising and supply chain efficiencies, and another quarter of shrink-related benefits tied to accrual timing."We believe [Target's] lack of scale vs. larger competitors in digital advertising and [third-party] online marketplace may inhibit its ability to offset margin pressures and fund key strategic investments to the same degree," the firm added.BofA maintained its underperform rating and $110 price target on Target.Price: $121.38, Change: $-0.95, Percent Change: -0.77%

$TGT
Equity Markets Rebound Following Fed Minutes; Yields Tumble
US Markets

Equity Markets Rebound Following Fed Minutes; Yields Tumble

US stocks rebounded Wednesday as traders parsed minutes of the Federal Reserve's latest monetary policy meeting, while Treasury yields slid.The Nasdaq Composite rose 1.5% to 26,270.4, while the S&P 500 advanced 1.1% to 7,433, both rising after a three-day fall. The Dow Jones Industrial Average added 1.3% to 50,009.4. Most sectors ended in the green, led by consumer discretionary, while energy saw the biggest drop.Fed officials flagged the possibility of higher interest rates if the Middle East conflict drags on and keeps inflation above the 2% goal, minutes from the central bank's April meeting showed.Meeting participants generally determined that elevated inflation, combined with uncertainty around the duration and impact of the Iran war, could justify holding rates for longer than previously anticipated, the meeting minutes showed.However, majority of Fed officials pointed out "that some policy firming would likely become appropriate if inflation were to continue to run persistently above 2%.""The discussion at the April meeting suggests the (Federal Open Market Committee) is becoming increasingly worried about the inflation outlook," Sal Guatieri, senior economist at BMO Capital Markets, said in a report. "While it is in no rush to raise rates, that possibility will only grow if inflation remains stubbornly high."Treasury yields plunged in Wednesday late-afternoon trade, with the 10-year yield rate declining 9.6 basis points to 4.58% and the two-year rate retreating 7.4 basis points to 4.05%.Bond yields have surged amid mounting concerns about inflation. Higher yields drove a sell-off in stocks on Tuesday, according to Macquarie."The state of play now and following the end of earnings season, is that stock indexes are likely to remain sensitive to what happens to long-term yields," Macquarie said in note Wednesday. "Should yields go higher (for whatever reason), stocks will slip further."West Texas Intermediate crude oil was last down 5.5% at $98.47 a barrel, while Brent fell 5.6% to $105.03.US President Donald Trump said on Wednesday that negotiations with Iran had reached the final stages, though he warned of further attacks if Tehran backs out, according to a Reuters report.Shares of airlines and cruise operators were notable gainers on Wednesday, with United Airlines (UAL) up 10%, the top gainer on S&P 500. Delta Air Lines (DAL) jumped 9.4%, among the best performers on the index, along with Carnival (CCL) and Norwegian Cruise Line (NCLH).In other company news, Hasbro (HAS) reported a first-quarter operating loss for the consumer products division even as the toymaker delivered stronger-than-expected results at the consolidated level. The stock slid 8.8%, the worst performer on the S&P 500.Target (TGT) shares fell 3.9%, among the steepest declines on the S&P 500. The retailer lifted its full-year sales growth outlook as it recorded higher-than-expected fiscal first-quarter results.TJX (TJX) raised its full-year outlook after posting stronger-than-expected fiscal first-quarter results, with comparable sales rising across all segments. The stock climbed 5.6%.Gold was last up 0.8% at $4,549.30 per troy ounce, while silver rose 1.8% to $76.48 per ounce.

Dow JonesNasdaq CompositeS&P 500$CCL$DAL$HAS$NCLH$NVDA$TGT$TJX$UAL
Equities Higher Ahead of Fed Minutes, Nvidia Earnings
US Markets

Equities Higher Ahead of Fed Minutes, Nvidia Earnings

US benchmark equity indexes were higher intraday as traders awaited minutes of the Federal Reserve's last policy meeting and tech bellwether Nvidia's (NVDA) results.The Nasdaq Composite was up 1.2% at 26,185.8 after midday Wednesday, while the Dow Jones Industrial Average advanced 1.1% to 49,894.5. The S&P 500 rose 0.9% to 7,417.3. Among sectors, consumer discretionary paced the gainers, while energy saw the biggest drop.The Federal Open Market Committee is scheduled to publish minutes of its most recent policy meeting at 2 pm. Last month, the central bank held interest rates steady, saying the Middle East conflict is fueling uncertainty around the US economic outlook.Three FOMC officials opposed including an easing bias in the April monetary policy statement."The minutes will no doubt offer further insight into the conversation and discussion around the latest statement language, which led to a plethora of dissents, as well as the committee's assessment of current conditions amid the ongoing international conflict and the outlook for policy and rates in the coming months," Stifel said in a note.Shares of Nvidia were up 1.8% intraday, with the chipmaker scheduled to report its fiscal first-quarter results after the closing bell.Nvidia's sales are expected to outperform market projections, BofA Securities said in a note e-mailed Tuesday."Markets are still supported by (artificial intelligence) expectations, but higher yields are putting pressure on expensive growth stocks, making Nvidia's earnings later today one of the week's most important catalysts for the broader technology sector," Saxo Bank said in a report Wednesday.Bond yields have surged amid mounting concerns about inflation. Higher yields drove a sell-off in stocks on Tuesday, according to Macquarie.Treasury yields were down intraday Wednesday, with the 10-year yield rate declining 7.9 basis points to 4.59% and the the two-year rate retreating 5.7 basis points to 4.07%."The state of play now and following the end of earnings season, is that stock indexes are likely to remain sensitive to what happens to long-term yields," Macquarie said in note Wednesday. "Should yields go higher (for whatever reason), stocks will slip further."West Texas Intermediate crude oil declined 6.1% to $97.80 a barrel intraday, while Brent fell 6% to $104.60.US President Donald Trump said on Wednesday that negotiations with Iran had reached the final stages, though he warned of further attacks if Tehran backs out, according to a Reuters report."Either have a deal or we're going to do some things that are a little bit nasty, but hopefully that won't happen," Trump was quoted as saying in the report.In other company news, Hasbro (HAS) reported a first-quarter operating loss for the consumer products division even as the toymaker delivered stronger-than-expected results at the consolidated level. The stock was down 8.3% intraday, the worst performer on the S&P 500.Target (TGT) shares fell 3.8%, among the steepest declines on the S&P 500. The retailer lifted its full-year sales growth outlook as it recorded higher-than-expected fiscal first-quarter results.TJX (TJX) raised its full-year outlook after posting stronger-than-expected fiscal first-quarter results, with comparable sales rising across all segments. The stock was advancing by 6.2%.Gold was up 0.6% at $4,536.50 per troy ounce, while silver rose 1.4% to $76.24 per ounce.

Dow JonesNasdaq CompositeS&P 500$HAS$NVDA$TGT$TJX
Sectors

Sector Update: Consumer Stocks Mixed Wednesday Afternoon

Consumer stocks were mixed Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 2.2%.In corporate news, Lowe's (LOW) reported fiscal Q1 results above market estimates, while the home improvement retailer affirmed its full-year outlook. Shares rose 0.8%.Hasbro (HAS) shares dropped past 6%. The company reported a Q1 operating loss for the consumer products division amid largely flat sales even as the toymaker delivered stronger-than-expected results at the consolidated level.Target (TGT) raised its full-year sales growth outlook on Wednesday as the retailer recorded higher-than-expected fiscal first-quarter results. Shares still fell 4%.

$HAS$LOW$TGT
Wire

Top Midday Stories: Target Beats Q1 Estimates, Ups Sales Guidance, But Shares Fall; Intuit Laying Off 17% of Global Workforce

All three major US stock indexes were up in late-morning trading Wednesday, a day after a jump in long-dated US Treasury yields caused equities to retreat, and ahead of Nvidia's (NVDA) highly anticipated earnings results in the afternoon.In company news, Target (TGT) reported fiscal Q1 adjusted earnings of $1.71 per diluted share, up from $1.30 a year earlier and above the FactSet consensus analyst estimate of $1.47. Fiscal Q1 net sales were $25.44 billion, up from $23.85 billion a year ago and above the FactSet consensus of $24.66 billion. For fiscal 2026, the company said it expects adjusted EPS to be near the high end of its prior guidance range of $7.50 to $8.50, compared to the FactSet consensus of $8.12. Full-year net sales are projected to grow around 4% from 2025, up from its prior guidance of 2% growth. Analysts expect net sales of $107.15 billion. Target shares were down 4.4% around midday.Intuit (INTU) is laying off about 17% of its global workforce, or roughly 3,000 workers, Reuters reported, citing an internal memo. The company also plans to close its Reno and woodland Hills offices, the report said. Intuit shares were down 3.5%.TJX (TJX) reported fiscal Q1 earnings Wednesday of $1.19 per diluted share, up from $0.92 a year earlier and above the FactSet consensus of $1.02. Fiscal Q1 net sales were $14.32 billion, up from $13.11 billion a year earlier and above the FactSet consensus of $14.02 billion. For fiscal Q2, the firm said it expects EPS of $1.15 to $1.17, compared with the consensus of $1.17. TJX expects comparable sales to grow 2% to 3% in fiscal Q2. For fiscal 2027, the company expects EPS of $5.08 to $5.15, up from its prior guidance of $4.93 to $5.02, and compared with the consensus of $5.13. Full-year comparable sales are expected to grow 3% to 4%, up from 2% to 3% previously. TJX shares were up 6%.Lowe's (LOW) reported fiscal Q1 adjusted earnings of $3.03 per diluted share, up 3.8% from a year earlier and above the FactSet consensus of $2.97. Fiscal Q1 net sales were $23.08 billion, up from $20.93 billion a year ago and above the consensus of $22.98 billion. Shares were down 0.4%.Analog Devices (ADI) reported fiscal Q2 adjusted earnings of $3.09 per diluted share, up from $1.85 a year earlier and above the FactSet consensus of $2.88. Fiscal Q2 revenue was $3.62 billion, up from $2.64 billion a year ago and above the FactSet consensus of $3.51 billion. For fiscal Q3, the firm expects adjusted EPS of $3.30, plus or minus $0.15, above the consensus of $2.99. Fiscal Q3 revenue is expected to be $3.9 billion, plus or minus $100 million, above the FactSet consensus of $3.61 billion. Analog Devices shares were down 5.8%.Price: $225.58, Change: $+4.97, Percent Change: +2.25%

$ADI$INTU$LOW$NVDA$TGT$TJX
Target Raises Full-Year Sales Growth Outlook as Fiscal First-Quarter Results Top Views
US Markets

Target Raises Full-Year Sales Growth Outlook as Fiscal First-Quarter Results Top Views

Target (TGT) raised its full-year sales growth outlook on Wednesday as the retailer recorded higher-than-expected fiscal first-quarter results.The company now expects sales to increase by 4% year over year in fiscal 2026, compared with its previous guidance for a 2% rise. The current consensus on FactSet is for $107.15 billion.Adjusted earnings are now expected to be at the high end of the company's previously issued outlook range of $7.50 to $8.50, it said Wednesday. The Street is looking for non-GAAP EPS of $8.12. Shares of the retailer were up 1.5% in the most recent premarket activity."As we look ahead, we're focused on staying disciplined and flexible in an uncertain operating environment," Chief Executive Michael Fiddelke said.For the three-month period ended May 2, Target's adjusted EPS advanced 32% to $1.71, surpassing the average analyst estimate on FactSet of $1.47. Sales improved to $25.44 billion from $23.85 billion in the prior-year quarter, exceeding the Street's view for $24.66 billion."First-quarter financial results were stronger than expected, providing encouraging early signs that our clarified strategy is resonating with our guests and driving broad-based growth across our business," according to Fiddelke. "While we're pleased with our (first-quarter) performance, our focus remains on building consistent, long-term growth, and we recognize there is much more work in front of us."Comparable sales inclined 5.6%, more than the market's forecast for a gain of 2.4%, reflecting comparable store and digital sales growth of 4.7% and 8.9%, respectively. The number of transactions increased 4.4%, rebounding from a 2.4% decline in the 2025 quarter."It was a solid quarter and investors will be trying to assess whether the improved performance is sustainable (against relatively easy comparisons) or overly fueled by short-term levers," Truist Securities said in an emailed client note. The brokerage has a hold rating on the company's stock.

$TGT
Research

Research Alert: Tgt Q1 Fy 27 Beat: Very Solid Quarter; Turnaround Progressing Well

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Target Corporation (TGT) delivered strong Q1 FY 27 (Jan.) results with comparable sales growing 5.6% vs. 2.5% consensus, and adjusted EPS of $1.71 beating $1.46 consensus, owing to 4.4% traffic growth and 1.1% basket increase. This marked the first positive traffic in over a year and strongest comp growth in four years. We view the traffic improvement as encouraging validation of TGT's efforts to reestablish merchandising authority after years of underinvestment. Management raised full-year guidance, increasing net sales growth expectations to ~4% (up by 2%-pts) and projecting operating margin expansion of more than 20 bps. Alternative revenue streams grew 24.6%, providing important margin diversification. Gross margin expanded 80 basis points to 29.0% on improved supply chain productivity and lower markdowns. While execution risk remains elevated given the company's ongoing turnaround, we believe the strong Q1 FY 27 performance provides encouraging validation of strategic initiatives under new leadership.

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