Target (TGT) Up 7.3% Since Last Earnings Report: Can It Continue?

Zacks12-21 00:30

It has been about a month since the last earnings report for Target (TGT). Shares have added about 7.3% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading ...

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Shares have added about 7.3% in that time frame, outperforming the S&P 500.\nWill the recent positive trend continue leading ...</p>\n\n<a href=\"https://finance.yahoo.com/news/target-tgt-7-3-since-163013454.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Target (TGT) Up 7.3% Since Last Earnings Report: Can It Continue?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTarget (TGT) Up 7.3% Since Last Earnings Report: Can It Continue?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-21 00:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/target-tgt-7-3-since-163013454.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It has been about a month since the last earnings report for Target (TGT). Shares have added about 7.3% in that time frame, outperforming the S&P 500.\nWill the recent positive trend continue leading ...</p>\n\n<a href=\"https://finance.yahoo.com/news/target-tgt-7-3-since-163013454.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://finance.yahoo.com/news/target-tgt-7-3-since-163013454.html","article_id":"2493252427","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/HIalcDlt7JZPKSITVlxPuw--~B/aD02MDA7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/c2fdcaac033e049c74f38d188afcc9f9"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2493252427","pubTimestamp":1734712213,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"It has been about a month since the last earnings report for Target . Shares have added about 7.3% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Target due for a pullback?Target Misses Q3 Earnings & Sales Estimates, Issues Cautious Q4 View. Target’s Quarterly Performance: Key Metrics and Insights. Target ended the quarter with cash and cash equivalents of $3,433 million, long-term debt and other borrowings of $14,346 million and shareholders’ investment of $14,489 million. During the quarter, Target paid out di","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","LU0823411888.USD":"法巴消费创新基金 Cap","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","BK4114":"综合货品商店","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","TGT":"塔吉特","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","BK4588":"碎股","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","BK4155":"大卖场与超市","BK4596":"哈里斯概念","BK4504":"桥水持仓","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","BK4597":"股息贵族","BK4532":"文艺复兴科技持仓"},"translate_title":"Target(TGT)自上次收益报告以来上涨7.3%：还能继续吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TGT":0.9},"content_text":"It has been about a month since the last earnings report for Target (TGT). Shares have added about 7.3% in that time frame, outperforming the S&P 500.\nWill the recent positive trend continue leading up to its next earnings release, or is Target due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. \nTarget Misses Q3 Earnings & Sales Estimates, Issues Cautious Q4 View\nTarget Corporation reported third-quarter fiscal 2024 results, with the top and bottom lines falling short of the Zacks Consensus Estimate. While revenues saw a slight increase, earnings took a significant hit compared to the prior year due to cost pressures.This Minneapolis, MN-based company posted comparable sales growth, but the pace slowed considerably from the preceding quarter. While comparable store sales declined, the drop was more than offset by an increase in comparable digital sales.In response to lower-than-expected results, Target revised its fiscal 2024 earnings forecast downward. The retail bellwether also offered a cautious outlook for the final quarter, leading to a drop in Target’s shares during the pre-market trading session.\nTarget’s Quarterly Performance: Key Metrics and Insights\nTarget reported adjusted earnings of $1.85 per share, which missed the Zacks Consensus Estimate of $2.29 and declined from $2.10 reported in the year-ago period.The big-box retailer generated total revenues of $25,668 million, which came below the Zacks Consensus Estimate of $25,910 million. However, the metric improved 1.1% on a year-over-year basis. We note that sales rose 0.9% to $25,228 million, while other revenues jumped 11.5% to $440 million. Meanwhile, comparable sales rose 0.3% in the third quarter, following a 2% increase in the preceding quarter. The metric reflected a decline of 1.9% in comparable store sales but an increase of 10.8% in comparable digital sales. While traffic improved by 2.4%, the average transaction amount declined by 2%. Target saw beauty comparable sales increase by more than 6%, while the Food & Beverage and Essentials categories grew in the low-single digits year over year.The gross margin contracted 20 basis points to 27.2%. This can be attributed to higher digital fulfillment and supply-chain costs resulting from increased inventory levels, a rise in digital sales volume and new supply-chain facilities coming online. These were partly mitigated by lower book-to-physical inventory adjustments and the net effect of merchandising activities compared to the previous year. The operating margin shrunk to 4.6% from 5.2% in the corresponding period last year.\nTarget’s Financial Health Snapshot\nTarget ended the quarter with cash and cash equivalents of $3,433 million, long-term debt and other borrowings of $14,346 million and shareholders’ investment of $14,489 million. During the quarter, Target paid out dividends of $516 million.Target repurchased 2.4 million shares worth $354 million during the quarter under review. At the end of the quarter, the company had about $9.2 billion remaining under the repurchase program approved in August 2021.\nA Sneak Peek Into TGT’s Outlook\nTarget anticipates comparable sales to be flat in the fourth quarter of fiscal 2024. Both GAAP and adjusted earnings for the final quarter are expected to fall in the range of $1.85-$2.45 per share compared with $2.98 reported in the year-ago period.However, Target now anticipates GAAP EPS and adjusted earnings for the fiscal year in the band of $8.30-$8.90 per share compared with the $8.94 reported in fiscal 2023. Earlier, the company had guided earnings between $9.00 and $9.70.\nHow Have Estimates Been Moving Since Then?\nIt turns out, fresh estimates have trended downward during the past month.\nThe consensus estimate has shifted -18.31% due to these changes.\nVGM Scores\nCurrently, Target has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.\nOverall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.\nOutlook\nEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Target has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nTarget Corporation (TGT) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2493252427"}