|Bid||0.00 x 900|
|Ask||0.00 x 4000|
|Day's Range||70.93 - 71.96|
|52 Week Range||48.56 - 78.70|
|PE Ratio (TTM)||13.36|
|Earnings Date||May 15, 2018 - May 21, 2018|
|Forward Dividend & Yield||2.48 (3.45%)|
|1y Target Est||76.91|
On today's episode of the Zacks Friday Finish Line, Associate Stock Strategist Ryan McQueeney and Editor Maddy Johnson take on this week's biggest stories, including the latest trends in luxury apparel and retail, Target's mixed earnings report, and recent trade concessions made by the U.S. and China.
The race for supremacy seems to be heating up with more players adding muscle to their e-commerce and delivery arm with more acquisitions and technological assistance.
Costco (COST) managed to report stellar sales and earnings growth in the past several quarters despite heightened competition and margin headwinds. Analysts expect Costco to continue to outperform Walmart (WMT) and Target (TGT) with its sales and earnings growth rate.
Target’s (TGT) fiscal first-quarter earnings miss didn’t have much of an impact on analysts. Cowen lowered its target price on Target to $77 from $80. Meanwhile, Jefferies raised its target price to $73 from $67 per share following Target’s fiscal first-quarter results.
Target (TGT) has been underperforming on the margins front in the past several quarters. Investments in pricing, higher digital fulfillment costs, store remodeling, and delivery service expansion have been taking a toll on the company’s profit margins.
Target (TGT) sustained its sales momentum in the fiscal first quarter. Target’s total sales of $16.8 billion exceeded analysts’ expectation of $16.6 billion and increased 3.4% YoY (year-over-year) due to improving comps. Target’s comparable store sales or comps grew 3.0% in the fiscal first quarter, which reflected 3.7% growth in traffic—the highest in the past ten years.
Target (TGT) reported healthy fiscal first-quarter results for the period ending on May 5. Target’s digital push, exclusive product launches, and store remodeling are driving the company’s traffic and sales. Despite numerous positives and continued strength in its digital business, Target stock fell 5.7% and closed at $71.17 on May 23.
NEW YORK, NY / ACCESSWIRE / May 24, 2018 / Both Target and Red Robin slumped in Wednesday trading after reporting earnings. Target Corporation shares closed down 5.70% on roughly 17.3 million shares traded on Wednesday.
Costco’s (COST) profit margins could remain subdued in the fiscal third quarter. The continued investment in price and inflation in transportation and logistics costs are expected to hurt Costco’s profitability. Costco, Walmart (WMT), and Target (TGT) are willing to take a hit on their profit margins by keeping prices low to drive shoppers to their stores and websites.
Target Corp. said sales are rising as the big-box chain benefits from a strong economy and recent investments in stores and online, but those investments continue to weigh on profits. The company on Wednesday said sales in existing stores rose 3% in the quarter ended May 5, boosted by more shoppers visiting Target’s stores and website. Chief Executive Brian Cornell said customer traffic to stores was the strongest in over a decade of quarterly figures.
Shares of Target (TGT) tumbled over 5.5% on Wednesday after the retail giant reported lower-than-expected first quarter earnings. This seems like a bit of an overreaction, which means investors might want to take a look at Target's current growth outlook and other fundamentals to see if they should consider buying Target stock.
On a day stocks made gains, Lowe's rose on a report of an activist investor buying shares, and Target fell after missing profit expectations.
Besides outperforming Walmart (WMT) and Target (TGT) with its earnings growth rate, Costco (COST) is also exceeding its peers on the sales front due to its stellar comps growth. Analysts expect Costco to report sales of $31.9 billion in the fiscal third quarter—up 10.5% on a YoY (year-over-year) basis.
Target fell nearly 6% on Wednesday after missing Q1 earnings and revenue estimates. Investitute.com co-founder and "Halftime Report" trader Pete Najarian used the pullback as a buying opportunity. Target TGT may have missed the mark on its latest earnings report, but Investitute.com co-founder and "Halftime Report" trader Pete Najarian remains bullish on the stock for the long-term.
Costco (COST) has impressed investors with its strong bottom-line performance in the past four quarters. For the fiscal third quarter, analysts expect Costco to sustain the momentum and mark strong double-digit growth in its EPS (earnings per share). Costco’s earnings grew 21.4%, 16.2%, 17.5%, and 12.9% in fiscal Q4 2017, Q3 2017, Q2 2017, and Q1 2017, respectively.
Target (TGT) released its latest earnings report this morning, and with rival Walmart (WMT) reporting last week, investors now have a complete update on the big box retail behemoths.
Target proved itself one of the few retailers that saw more customers both at its stores and online, though its investment in stores and delivery operations hurt first-quarter profit. The discounter cited a combination of store remodeling, new brands and expanded delivery options as helping customer traffic rise 3.7 per cent in the quarter, including stores and online. Target's CEO also acknowledged the tail winds of a strong economy.