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TGT POS IS HEADING FOR SUB $100!!!!!!!!!
Target to shut 9 stores across 4 US states amid rising retail crime
By: Investing.com | September 26, 2023
(Reuters) - Target said on Tuesday it would close nine stores across four U.S. states, including California, citing that theft and organized retail crime was threatening the security of the retailer's employees and customers.
The move, effective Oct. 21, will see the closing of one store in New York City, two in Seattle, three locations across the San Francisco and Oakland markets and three in Portland.
Despite heavy investments in security, the company continued to face "fundamental challenges" to running the stores safely, the retailer said. It operates nearly 2,000 stores across the United States.
"We cannot continue operating these stores because theft and organized retail crime are threatening the safety of our team and guests, and contributing to unsustainable business performance," Target said in a statement.
Theft and retail crime has become an increasingly pressing issue for U.S. retailers, with organized crime rings targeting retail inventories and causing more financial loss to companies.
A report by the National Retail Federation (NRF), a trade association, earlier on Tuesday showed inventory "shrink" as a percentage of total retail sales accounted for $112.1 billion in losses in 2022, up from $93.9 billion in 2021.
Minneapolis, Minnesota-based Target said it would work with all eligible employees at the affected locations to offer opportunities for transfer to other Target locations.
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Target new 52W low and nasty candle.. Bottoms present themselves don't need to be the first one in!
By: Options Mike | September 24, 2023
• $TGT someone asked me about 3 weeks ago if they should by this..
Me: Until you see a change why?
Today.. new 52W low and nasty candle.. Bottoms present themselves don't need to be the first one in!.
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Target $TGT on track for its lowest close since the Summer of 2020
By: Barchart | September 21, 2023
• Target $TGT on track for its lowest close since the Summer of 2020
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Target $TGT continues to get obliterated. Shares close at lowest price in more than 3 years.
By: Barchart | September 18, 2023
• Target $TGT continues to get obliterated. Shares close at lowest price in more than 3 years.
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Eisler Capital US LLC Acquires 10,000 Shares of Target Co. (TGT)
By: MarketBeat | September 9, 2023
• Eisler Capital US LLC grew its holdings in shares of Target Co. (NYSE:TGT) by 50.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,000 shares of the retailer's stock after acquiring an additional 10,000 shares during the period. Target comprises approximately 0.4% of Eisler Capital US LLC's holdings, making the stock its 17th largest position. Eisler Capital US LLC's holdings in Target were worth $4,969,000 as of its most recent SEC filing...
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Looking a bit shaky for Target $TGT
By: Barchart | September 6, 2023
• Looking a bit shaky for Target $TGT.
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Target $TGT Round 2?
By: TrendSpider | August 27, 2023
• $TGT Round 2?
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Target CEO Brian Cornell sells another $3,921,135 in shares with the stock trading into multi-year lows...
By: TrendSpider | August 26, 2023
• $TGT Target CEO Brian Cornell sells another $3,921,135 in shares with the stock trading into multi-year lows...
Doesn't exactly instill confidence in investors.
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Target $TGT is now trading at prices not seen since more than 3 years ago - Ouch!
By: Barchart | August 26, 2023
• Target $TGT is now trading at prices not seen since more than 3 years ago - Ouch!
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TGT $124.12 -3.67 (-2.87%)
Target Being Sued by Shareholder After Hemorrhaging $14 Billion.
Target is being sued for allegedly betraying its core customer base by continuing to sell LGBT Pride gear — including designs from a Satan-lover — in spite of the company’s hemorrhaging loss in the stock market.
The lawsuit was filed by conservative legal firm American First Legal on behalf of investor Brian Craig, who in April 2022, spent $50,000 for 216.50 shares of Target. The nonprofit organization is led by Stephen Miller, a former adviser to ex-President Donald Trump.
Shannon Thaler from the New York Post reported:
By April 2023, the value of Craig’s holdings fell to $34,839, and then dropped to $28,896 by June 14 — in the middle of Pride Month, as Target was in the middle of a boycott triggered by a collection that included children’s book titled “‘Twas the Night Before Pride,” and a handful of T-shirts donning LGBTQ-friendly slogans, like “live laugh lesbian.”
Target’s “board of directors betrayed both Target’s core customer base of working families and its investors by making false and misleading statements concerning Target’s environmental, social and governance (ESG) and diversity, equity and inclusion (DEI) mandates that led to its disastrous 2023 children-and-family themed LGBT Pride campaign.”
The lawsuit asserted that Target led “shareholders to unknowingly support Target’s board and management in their misuse of investor funds to serve its divisive political and social goals — and ultimately lose billions.” American First Legal alleges that Target “continued the LGBT-Pride campaign and continues to sell products associated with the campaign, causing further damage to Target’s stock price.”
Gene Hamilton, vice president and general counsel of American First Legal, addressed the company’s violation of rules in the Securities Exchange Act of 1934 in a press release:
Federal law requires publicly-traded corporations to provide certain information to shareholders in their proxy statements that allow those shareholders to make informed decisions. As alleged in our complaint, Target failed to execute its duty to its shareholders.
Since introducing the PRIDE apparel, Target has lost $14 billion in market value.
In its latest quarterly report, Target said sales declined. Company officials said the decline was due, in part, to customer reactions and boycotts stemming from its Pride month activities. Shares of the company are down 4.7 percent over the past month and have fallen 15.8 percent so far in 2023.
Target price target lowered to $145 from $160 at Stifel
By: FLOWrensics | August 17, 2023
• Target price target lowered to $145 from $160 at Stifel
price target lowered to $130 from $140 at BMO Capital
price target lowered to $161 from $165 at TD Cowen
price target lowered to $135 from $145 at BofA $TGT
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TGT HAS JOINED THE RED SWIRL CLUB!!!!!!!!
BANKRUPTCY AHEAD!!!!!!!!!
TARGETTED FOR BANKRUPTCY!!!!!!!!!
Target (TGT) jumps 9% on better-than-feared results, guidance
By: Investing.com | August 16, 2023
Target Corporation (NYSE:TGT) shares rose 8.8% in early Wednesday trade after the company reported results for its second quarter.
Target's comparable sales experienced a decline of 5.4% in the second quarter, worse than the expected 3.8% decline. Revenue reached $24.8 billion, a decrease of 4.9% compared to the previous year and below the expected $25.33B.
Gross margin improved to 27%, surpassing last year's 21.5% and exceeding the estimated 25.6%.
Adjusted earnings per share came in at $1.80, easily ahead of the expected $1.47.
Brian Cornell, chair and chief executive of Target Corporation, said, "Our second quarter financial results clearly demonstrate the agility of our team and the resilience of our business model, as we saw better-than-expected profitability in the face of softer-than-expected sales.”
“With the benefit of a much-leaner inventory position than a year ago, the team was able to quickly respond to rapidly-changing topline trends throughout the second quarter, while continuing to focus on the guest experience."
For this quarter, the company anticipates its adjusted EPS to be in the range of $1.20 to $1.60. Analysts were looking for $1.84.
For FY24, Target revised its prior EPS range of $7.75-8.75 to $7.00-8.00, with the midpoint of the new range coming in below the expected $7.81.
Analysts were widely expecting Target to lower its guidance with the delivered cut seen by the market as better than feared.
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TGT $125.31 -4.11 (-3.2%) ....WEDGIES ON TUCKED TGT ***BAGHOLDERS*** IS PUNISHMENT FOR NOT SELLING WHEN THEY HAD A CHANCE!!!!!!!
Target set to post first quarterly revenue drop in six years as consumers cut spending
By: Investing.com | August 14, 2023
(Reuters) - Target is expected to post its first quarterly drop in revenue in about six years when it reports results on Wednesday, as the big-box retailer reels from a shift in consumer spending away from discretionary goods to services.
In recent months, consumers have been spending more on services such as travel and entertainment, while cutting down on non-essential purchases including clothing and home goods amid high inflation.
"Target is going to suffer more versus the others because they have a much larger consumer discretionary element to their business," Edward Jones analyst Brian Yarbrough said.
At least 16 analysts have cut their price targets on the retailer since the beginning of June as its merchandise is skewed towards discretionary items such as clothes, electronics and beauty products.
THE CONTEXT
Target in May had warned of dour second-quarter results as inflation forces consumers to shun non-essential goods.
Mastercard (NYSE:MA) and American Express (NYSE:AXP) in their latest quarters also noted a slowdown in purchases of big-ticket items, even as spending on travel and entertainment remained robust.
A recent backlash over Target's Pride collection is also expected to impact its second-quarter sales.
The company, which has been selling Pride-related products for years, said in May it was making "adjustments" to its Pride merchandise, including removing some items from transgender designer Erik Carnell's Abprallen brand, in response to an increase in customer-employee altercations.
"There were some of the more extreme, anti-pride people, who were threatening violence, and so there was concern from some people for, you know, initially to go to the store," said Telsey Advisory Group's Joseph Feldman, adding that traffic was under pressure in June.
Jane Hali & Associates senior analyst Jessica Ramirez added more caution, saying customers might not necessarily spend extra on things that may not be used or needed this back-to-school season.
THE FUNDAMENTALS
** Target is expected to report Q2 results on Aug. 16 before market opens
** Its Q2 revenue is expected to fall 3.3% to $25.18 billion, according to analysts polled by Refinitiv
** Q2 profit per share is expected to be $1.39
** Rival Walmart (NYSE:WMT) is scheduled to report on Aug. 17
WALL STREET SENTIMENT
** Target shares have lost more than 12% so far this year
** The S&P 500 Consumer Discretionary Distribution & Retail index has climbed more than 31% year to date
** The current average rating of 37 analysts on Target stock is "buy", with 17 rating it "buy" or higher - Refinitiv
** The median price target is $162
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Target Q2 earnings preview: Analysts anticipate softness, cut price target
By: Investing.com | August 11, 2023
Target (NYSE:TGT) is due to report its second quarter earnings on Wednesday, August 16. The stock was the subject of at least 4 analyst downgrades since June.
Moreover, several analysts lowered their price targets this week in anticipation of a soft earnings report.
Barclays analysts cut the price target by $21 to $142 per share as they believe sales slowed in Q2. They see these 3 key questions dominating the earnings call next week.
1) Whether the company can support EPS during this weaker period;
2) The composition of the slowdown as we look for cues for a recovery;
3) How the market share story has evolved even before the recent slowdown.
Similarly, Telsey Advisory Group analysts lowered the PT by $20 to $165 per share.
“We are lowering our 2Q23 estimates to reflect softness in traffic, especially in late May to mid-June related to issues with the Pride assortment, along with softer consumer spending on select discretionary products, partly offset by the continued outperformance of essentials and gains from strategic initiatives, like digital and loyalty. Furthermore, the softer spending on discretionary could continue in 2H23 and pressure results,” the analysts wrote in a note.
“That said, we believe these soft trends are largely priced in the stock at current levels.”
Target shares are down over 12% year-to-date.
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Target Nice size into the 08/18 $138 CALLS -- ER 08/16
By: FLOWrensics | August 10, 2023
• $TGT Nice size into the 08/18 $138 CALLS -- ER 08/16.
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Target $TGT saw a nice pop after the last two hammer candles down here, plus we held another higher low for now!
By: TrendSpider | August 9, 2023
• $TGT Target saw a nice pop after the last two hammer candles down here, plus we held another higher low for now!
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TGT $131.00 -0.94 (-0.71%)
*** $12B loss due to its recent promotion of queer/transgender propaganda to children ***
YES..... THAT'S RIGHT!!!!!!!!!
America First Legal Files Lawsuit Against Target Over “Misleading Statements to Shareholders”
America First Legal
@America1stLegal
🚨BREAKING — we filed a shareholder lawsuit against @Target in federal court over its misleading statements to shareholders about monitoring political/social risks, resulting in a $12B loss due to its recent promotion of queer/transgender propaganda to children.
https://www.thegatewaypundit.com/2023/08/america-first-legal-files-lawsuit-against-target-misleading/
Citi expects Target (TGT) to miss consensus estimates as traffic data declines
By: Investing.com | August 8, 2023
Citi analysts told investors in a note Tuesday that the firm expects Target Corporation (NYSE:TGT) to miss the second-quarter top and bottom-line expectations as well as guidance estimates when it reports on August 16.
The analysts, who have a Neutral rating and a $130 price target on the stock, said their view was, in part, based on the deceleration in TGT traffic data in late May that continued through June.
"We model sales down 5.5% vs consensus of -2.1% and guidance of sales centered around - LSD. We model EPS of $1.27 vs consensus of $1.54 and guidance of $1.30-1.70," wrote the analysts.
"Weak 2Q top-line trends will also cause mgmt to lower the high end of their annual EPS guidance range as they will likely have more modest top-line assumptions for 2H. The stock is down about 15% since the 1Q call, driven by weaker traffic trends, so weaker results in 2Q are largely expected," they added.
They noted that the magnitude of the 2Q sales decline and 3Q-to-date sales/traffic trends have the potential to be a negative surprise to the market.
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Oppenheimer says take advantage of Target dips
By: Investing.com | August 1, 2023
Oppenheimer analysts told investors in a note previewing Target 's (NYSE:TGT) upcoming earnings that the firm is positive on the stock.
TGT will report its second quarter results on August 16, and Oppenheimer, who has an Outperform rating and $165 price target on the stock, said it "continues to anticipate a multiyear margin recovery and an earnings reset."
"This is widely anticipated by investors in our conversations; however, the magnitude of an EPS reduction continues to be an area of debate. Based on our work, we are now projecting EPS of $7.00 in FY23, down from $7.90 previously and below guidance of $7.75-8.75."
Oppenheimer now expects an eventual rebound to $10+ in earnings power to take even longer than previously envisioned. However, for longer-term players, the analysts said they would continue to take advantage of dips and a currently depressed valuation.
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TARGET'S LATEST MANNEQUIN DISPLAY FOR THEIR NEW CLOTHING LINE:
TARGET'S EARNINGS (LOSSES) AUGUST 16TH.... THIS POS WILL GET SMASHED!!!!!!
SHORT THE CRAP OUT IF IT!!!!!!!!!
Additionally, there is continued pressure from increased shrinkage caused by organized crime, which is a significant unknown factor affecting estimates.
Target double downgraded at Raymond James on soft near-term trends
By: Investing.com | July 26, 2023
Shares of Target (NYSE:TGT) fell over 1% in pre-open trading Wednesday after previously bullish analysts at Raymond James reversed course and downgraded the stock two notches on “concerning” near-term trends.
Analysts cut his rating on the retailing giant to Market Perform from Strong Buy, thereby skipping the Outperform rating in its rating system. The prior price target of $190 was also removed.
“We are downgrading TGT to a Market Perform rating from a Strong Buy ahead of Target’s F2Q23 earnings slated for August 16th,” analysts commented. “Our change in opinion reflects our belief that QTD sales & traffic trends have remained soft after taking a step down early in the quarter and suggest Target is losing topline momentum.”
Furthermore, analysts noted there have been additional signs pointing to a weakness in overall consumer discretionary spending, which holds particular significance for TGT's product mix. This has led to the emergence of a stronger possibility of a heightened promotional environment and a shift in the mix of consumables. As a result, Target's margin recovery story, which was a crucial aspect of their previous thesis, is likely to experience delays.
Additionally, there is continued pressure from increased shrinkage caused by organized crime, which is a significant unknown factor affecting estimates. The analysts said it is probable that there won't be any substantial improvement in this area for the remainder of FY23, resulting in approximately a 100 basis points headwind in F1Q.
The firm lowered Q2 EPS estimates to $1.15 from $1.45. Meanwhile, the firm’s comp sales estimate for the quarter was lowered to -5.0% from -2.5%.
“We believe sales trends slowed for TGT in late May and this pressure continued, potentially driving a comp sales miss versus consensus,” the analysts added.
FY2023 EPS estimates go to $7.15 from $7.85, FY 2024 to $8.05 from $10.40, and FY 2025 to $9.10 from $11.35.
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TARGET'S DEVIANT MANNEQUIN DISPLAYS ARE NOTHING BUT OBSCENE PORNOGRAPHY.... THEY ARE INTENTIONALLY GROSSING OUT THEIR OWN CUSTOMERS AND DRIVING THEM AWAY IN DISGUST!!!!!!!!
WAHT'S WRONG WITH TARGET'S INSANE MANAGEMENT??????
Good! Hopefully these decision making sickos spend time in prison and added to the sex-offenders list.
TARGET IS GOING BANKRUPT!!!!!!!!!!!
Target $TGT alerted a TW Pivot buy signal at the end of last week, will we see a bounce off the pre-COVID highs?
By: TrendSpider | July 4, 2023
• $TGT Target alerted a TW Pivot buy signal at the end of last week, will we see a bounce off the pre-COVID highs?
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NOBODY IS BUYING TUCK FRIENDLY WRAP AROUND CLOTHING FOR THE GENDER CONSFUSED!!!!!!!!!
MARKETING TO 0.3% IS NOT A WISE BUSINESS STRATEGY WHILE DRIVING 99.7% AWAY OUT OF REVULSION!!!!!!!!!
THIS STINKING POS STOCK MANAGED TO CLOSE DOWN TODAY EVEN WITH THE MASSIVE ENDOOF Q2/H1 WINDOW DRESSING PUMP THE REST OF THE MARKET HAD!!!!!!!!!!
Target is DISgusting!!!
