Category: TGT

TGT – Top Toy Ready: Target Announces Most Exclusives Ever and Disney Expansion Ahead of Holiday Season

MINNEAPOLIS, Aug. 23, 2021 /PRNewswire/ — Target Corporation (NYSE: TGT) today announces the return of Bullseye’s Top Toys list this holiday season, along with plans to expand to over 160 Disney store at Target locations across the country. With more exclusives and only-at-Target experiences in stores and online, Target is positioned to inspire children of all ages all season long.

Gift givers will find top brands like LEGO and L.O.L. Surprise! alongside a range of new additions that will spark creativity. This includes Target’s guest-favorite, exclusive 70-piece toy collection with FAO Schwarz, of which 85 percent of items are new this year, popular characters like PAW Patrol and Barbie, and the Zoe Doll by Black-owned business Healthy Roots (which inspires girls to love their curls through hair play). 

Target Adds More Disney Store at Target Locations Nationwide

As Target’s partnership with Disney continues to be a major hit, guests will find Top Toys from popular Disney properties, including Star Wars and Raya and the Last Dragon. By the end of the year, Target will expand to over 160 Disney store at Target locations across the country, providing even more guests with the opportunity to enjoy the unique in-store experience. Plus, Target continues to grow its dedicated online Disney experience for fans seeking toys and games from the hottest properties.

“Target continues to be a top toy destination for all families, and we’re pleased to offer unique experiences and a curated toy assortment that brings joy to parents and children of all ages,” said Nik Nayar, SVP of Hardlines, Target. “We’re seeing more guests shop for toys at Target than ever before, and whether it’s Bullseye’s Top Toys or finding joy with one of the 1,300+ exclusive toys and games, guests are choosing Target for our inspiring, easy and affordable gift-giving experience.”

Target Delivers a Convenient Shopping Experience

Guests will find incredible value and ease when shopping Target’s toy selection this holiday season, with Top Toys starting at $19.99. As always, Target’s complete toy selection, and nearly all holiday gifts, are available for same-day pickup or delivery through Target’s industry-leading fulfillment services; Drive Up, Order Pickup and Same-Day Delivery with Shipt – no membership required. Target RedCard holders can also enjoy five percent off their Top Toys purchases all season long.

Bullseye’s Top Toys of 2021 Include:

Inspire New Stories

  • Healthy Roots Zoe Doll
  • Baby Alive Lulu Achoo Dolls
  • Disney Raya and the Last Dragon Land of Kumandra Set – EXCLUSIVE
  • B. Play Ice Cream Truck – EXCLUSIVE
  • Animal Planet Deep Sea Shark Rescue Submarine Set – EXCLUSIVE
  • Kinetic Sand Sandyland Folding Sandbox – EXCLUSIVE
  • OSMO Little Genius Starter Kit – EXCLUSIVE
  • LEGO Creator Botanical Collection Bird of Paradise – EXCLUSIVE
  • LEGO Friends Heartlake City School
  • Gravitrax Speed Marble Run – EXCLUSIVE
  • Peek-a-Roo
  • Orbeez Soothing Spa

Inspire Imagination

  • L.O.L. Surprise! Family Pack 24K DJ and Neon – EXCLUSIVE
  • L.O.L. Surprise! OMG Movie Magic Studio
  • Na! Na! Na! Surprise 3-in-1 Backpack Bedroom Jennel Jaguar and Sarah Snuggles
  • Barbie Dreamhouse
  • Rainbow High Rockstars Lyric Lucas, Vanessa Nova, Carmen MajorEXCLUSIVE
  • Love, Diana Magical Musical Castle
  • Ryan’s World Lost City Adventure Chest – EXCLUSIVE
  • Jurassic World Legacy Collection – Tyrannosaurus Rex Escape Pack – EXCLUSIVE
  • Star Wars Galactic Snackin’ Grogu
  • Batman All-Terrain Batmobile Remote Control Vehicle
  • Hot Wheels Monster Trucks T-Rex Volcano Arena Track Set
  • Monster Jam Remote Control Freestyle Force Grave Digger
  • Imaginext DC Super Friends Transforming Bat-Tech Batbot
  • Unicorn Purse Pets
  • Got2Glow Fairy Finder Pink Jar
  • Magic Mixies

Inspire Dreams and Creativity

  • FAO Schwarz Electric Guitar + Amp – EXCLUSIVE
  • LEGO Harry Potter Hogwarts Wizard’s Chess – EXCLUSIVE
  • LEGO Star Wars The Armorer’s Mandalorian Forge – EXCLUSIVE
  • Bluey & Jean Luc’s Caravan Adventures Playset – EXCLUSIVE
  • Melissa & Doug Let’s Explore Park Ranger Cabin and Boat – EXCLUSIVE
  • Our Generation Cozy Cabin
  • 5 Surprise Toy Mini Brands Toy Store
  • Lalaloopsy Sew Royal Princess Party: Suzette & Mimi La Sweet and Cosy & Teacup Hearts
  • PAW Patrol: The Movie Ultimate City Tower Playset

Inspire Active Play

  • Segway C20 Kids Electric Scooter – EXCLUSIVE
  • Jetson Sync All-Terrain Hoverboard Black – EXCLUSIVE
  • NERF Elite 2.0 Flipshots Flip-32 Blaster

Inspire Fun Family Moments

  • Monopoly: Target Edition – EXCLUSIVE
  • Chuckle & Roar Pop It! XL Tie Dye – EXCLUSIVE
  • Throw Throw Avocado – EXCLUSIVE
  • Crossed Signals
  • Beyblade Burst Surge Speedstorm Slayer Showdown Battle Set – EXCLUSIVE
  • Roblox Action Collection – Ninja Legends Deluxe Playset

Inspire Future Gamers

  • Nintendo Switch OLED
  • Nintendo Switch with Neon Blue and Neon Red Joy-Con
  • PlayStation 5 Console
  • Xbox Series S

About Target

Minneapolis-based Target Corporation (NYSE: TGT) serves guests at more than 1,900 stores and at Target.com, with the purpose of helping all families discover the joy of everyday life. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dollars a week. Additional company information can be found by visiting the corporate website and press center and by following @TargetNews.

SOURCE Target Corporation

Related Links

www.target.com

TGT – Target Gives Bulls Another Reason to Cheer

Investors had high hopes heading into Target‘s (NYSE:TGT) second-quarter earnings results, and the Wall Street favorite didn’t disappoint. Sales growth was strong, even compared to soaring demand from a year ago. And Target’s profit margins continue expanding despite higher expenses.

Those wins have CEO Brian Cornell and his team projecting a great second half of the year ahead, one that might deliver even more gains for shareholders. Let’s take a closer look.

A woman checks her smartphone while shopping.

Image source: Getty Images.

Market share boost

Target didn’t issue a market share estimate this quarter after noting in late May that it gained roughly $10 billion in new business since the start of the pandemic. Yet all the signs of continued growth on this core metric were there.

Sales rose 9% in Q2 on top of 23% growth a year ago. The e-commerce segment contributed to those gains, but rising customer traffic was the biggest factor. Target handled 13% more transactions this quarter than it did a year ago. For context, traffic was up 3% in 2019 and 5% in 2018.

Target’s 15% traffic spike in the first half of 2021 suggests it has hit on an unusually strong retailing platform to meet today’s consumer needs. “We’ve spent years building and investing in the durable model we have today,” Cornell said in a press release, “which is supported by a differentiated strategy and the best team in retail.”

Climbing margins

Target’s profitability continued to push further away from peers, too. While expenses rose, the chain enjoyed higher prices and a shift in demand toward premium products and less reliance on promotions.

TGT Operating Margin (TTM) Chart

TGT Operating Margin (TTM) data by YCharts

Overall, operating margin held steady at 10% of sales, or about double Walmart‘s (NYSE:WMT) rate. Those results “reinforc[ed] Target’s leadership position in retail,” Cornell said. Operating earnings jumped to $2.5 billion, compared to $2.3 billion a year ago, and beat most investors’ expectations.

A fresh outlook

Target is still busy spending cash on a long list of growth initiatives, which mainly involve building a multi-channel infrastructure around its store base that can accommodate all the extra volume it has won since early 2020. The short-term outlook is bright, with comps likely to rise in the high single digits over the next two quarters.

Profitability will fall in that period, according to management, due to rising spending and higher transportation and wage expenses. But the full-year margin rate should still be over 8%, or 2 full percentage points higher than Target had managed before the pandemic struck.

Meanwhile, the sales gains in attractive consumer niches like apparel, toys, and home furnishings have executives eager to extend Target’s presence and capitalize on its momentum as a trusted multi-channel retailer. “Even after unprecedented growth over the last two years,” Cornell explained, “we see much more opportunity ahead.”

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

TGT – How Target Became the Hottest Stock in Retail

Who would have thought that Target (NYSE:TGT) would become the hottest stock in retail at a time when more people are shopping online, and brands are reaching customers directly more effectively than ever? On the surface, this should have been one of the industry’s biggest losers over the past year. 

Instead, Target reported another outstanding quarter in the second fiscal quarter of 2021, and it looks like temporary pandemic gains are becoming permanent gains for the business. Here’s how Target turned its business around and why I think it will be tough for competitors like Amazon (NASDAQ: AMZN), Walmart (NYSE: WMT), and Costco Wholesale (NASDAQ: COST) to catch up. 

TGT Chart

TGT data by YCharts.

Target leaned into what it does best

As a resident of the Minneapolis area, where Target is headquartered and new concepts are often tested, I’ve had a first-hand look at how it has adapted to a more-digital retail world. More than three years ago, I started writing about how the company seemed to have given up on taking on Amazon in online retail and pivoted to turning its stores into a point of strength.

Target didn’t really care if you set foot in the store itself, as long as you ordered from it and it could get your order to you efficiently. It did this through three main digital services: 

  • Drive Up/Pick Up in store, which is exactly what it sounds like. Someone in the store picks up your order, which is then either delivered directly to your car in dedicated Drive Up spots or picked up by you in-store. Even groceries are available for Drive Up, and my home Target has remodeled Drive Up with a fast and easy dedicated entrance and exit from the parking lot, which I think will become more common. 
  • Shipt/same-day delivery is a service through either the Target app or Shipt, which it owns. This is essentially someone else doing your shopping for you and delivering it to your door. 
  • Shipping of online orders also happens from stores. Management said that 95% of all sales in the second quarter were fulfilled by stores, including items shipped to homes. 

The theme of these services is that they all center around the Target store. The store is a warehouse, it’s the logistics center, it’s a showroom, and it’s the grocery store for Target’s digital sales. 

Meeting users where they are

What I think is compelling about this setup long term is that Target can deliver better prices and more convenience than competitors like Amazon. Studies have consistently shown that Amazon often has higher prices than competitors, but customers don’t care because it’s so convenient. A few clicks on an app, and items show up at your door.

Where Amazon hasn’t been as successful is in the immediate-satisfaction business. Same-day deliveries are available in some locations, but pickup at warehouses is not, and groceries and other household items are a weakness for the company. If I need something right now, it doesn’t have a service for me. 

Target leans into the fact that its customers are urban and suburban shoppers, many of them with families, who are looking for fast, one-stop shopping for food, diapers, light bulbs, and some fresh makeup. What was missing versus Amazon was the convenience factor of not having to go into a store. 

Now, I can get items delivered to my door with Shipt (which I signed up for when I unsubscribed from Amazon Prime about a year ago) or pick up items when I drive by a store. For parents on the go, these options are a godsend, and Target is providing arguably more convenience than Amazon for everyday items, including groceries. If it can grow these convenience features and keep prices low, it’s a win-win. 

A Target store in Richmond, VA.

Image source: Target.

Amazon is even copying Target

It’s no coincidence that as Target leverages the strength of its stores, Amazon is moving more and more into retail. The company owns Whole Foods, has experimented with grocery stores and pop-ups, and is now planning to open department stores.

The strange theme in online retail is that companies eventually push into brick-and-mortar retail. Brands that start online like Casper, Harry’s, and Bombas eventually end up in the very stores they intended to circumvent. Now, the largest online retailer in the world wants to go that route as well, but Target already beat Amazon to the punch. 

Target has more room to grow

The beauty of Target’s growth is that it doesn’t require more stores or a larger footprint; the company is simply generating more revenue from each store by selling in-store and online. And with the operating leverage that comes with being a nationwide chain of stores that can act as fulfillment centers, this is a retail stock that could grow profits rapidly for years to come. 

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

TGT – Target To Open 4 Regional 'Sortation' Centers For Deliveries

Target will be debuting sortation centers to help boost the speed of business, according to a company blog post.

A sortation center is a site where teams can focus on sorting packages to be shipped to customers from the stores, the post stated. A pilot opened in Minneapolis last year.

There will be four new sortation centers debuting this fall in Houston, Dallas, the Philadelphia area and Lawrenceville, Georgia, the retail giant said in the post.

When an order is placed on Target’s website, teams at the store work on picking and packing everything up, according to the post. Sortation centers were introduced to retrieve packages as soon as teams are finished doing the sorting, at which time they’re routed for delivery.

The removal of the sorting process from Target’s backrooms saves time and allows for more orders to go through, the post stated.

The retail giant said in the post that it annually invests $4 billion into innovations for the company’s operations.

Meanwhile, Target posted strong growth in the second quarter with a glut of new traffic.

Read more: Target CEO Sees ‘Tremendous Resilience’ In Consumers Amid Renewed COVID Concerns

CEO Brian Cornell said even the rise of the COVID-19 delta variant had not deterred the company’s growth, with the customers seeming “optimistic.”

Target Chief Growth Officer Christina Hennington said the company is predicting that there will be strong showings for back-to-school and back-to-college sales as well.

Target has opened 19 new stores this year and is on track to open an additional 12 in the fall. There were also two new distribution centers opened.

“We’re so focused on investments that drive growth, and you can certainly see that in the improved productivity,” Chief Financial Officer Michael Fiddelke said.

——————————

NEW PYMNTS DATA: 58 PERCENT OF MULTINATIONAL FIRMS ARE USING CRYPTOCURRENCY

 About: In spite of their price volatility and regulatory uncertainty, new PYMNTS research shows that 58 percent of multinational firms are already using at least one form of cryptocurrency — especially when moving funds across borders. The new Cryptocurrency, Blockchain and Global Business survey, a PYMNTS and Circle collaboration, polls 500 executives looks at the potential and the pitfalls facing crypto as it moves into the financial mainstream.



TGT – Target Earnings Topped Estimates. Its Stock Is Dropping.

Customers wait on line outside a Target store


Michael Loccisano/Getty Images


Target

stock is falling after the big-box retailer reported earnings that beat expectations.

Target reported an adjusted profit of $3.64 a share, beating forecasts for $3.49 a share, on sales of $25.16 billion, beating expectations for $24.99 billion. Target also said that same-store sales would grow in the high single digits during the second half of the year, neat the top end of its guidance. Target said it would buy back $15 billion worth of stock.

“Even after unprecedented growth over the last two years, we see much more opportunity ahead of us, and we’re leaning into opportunities to invest in the long-term growth and resiliency of our business,” CEO Brian Cornell said in a press release. “Our team and operating model can seamlessly adapt to changes in the environment, and we’re well-positioned to deliver outstanding performance in the back half of the year.”

Target stock has dropped 3.2% to $246.50. Shares of Target have gained 44% this year through Tuesday’s close, while the

S&P 500

has risen 18%, and the

Dow Jones Industrial Average

has advanced 15%.

Write to Ben Levisohn at ben.levisohn@barrons.com

TGT – Target earnings and revenue beat expectations

Target Corp. added to the evidence of a retail slowdown after COVID-19 highs, reporting the second-quarter rate of sales growth that slowed, though results beat expectations.

The discount retailer’s stock fell 3.6% in premarket trading Wednesday.

Target’s
TGT,
-2.90%

second-quarter net income totaled $1.82 billion, or $3.65 per share, up from $1.69 billion, or $3.35 per share, last year. Adjusted EPS of $3.64 beat the FactSet consensus for $3.51.

Revenue came in at $25.16 billion, up 9.5% from $22.98 billion last year and also ahead of the FactSet consensus for $24.99 billion, following 23.3% growth in the first quarter. Same-store sales growth of 8.9% was ahead of the FactSet consensus for 8.8%, following a 22.9% rise in the first quarter.

Digital comparable sales were up 10%, with same-day services such as order pickup and Drive Up popular with customers.

More than 95% of Target’s second-quarter sales were fulfilled by stores, and more than half of all Target customers used one of the company’s same-day services to fulfill their digital order.

Read: Dow, S&P 500 snap run of record highs as stocks end lower after disappointing retail sales

For the second half of the year, Target expects comparable sales to grow in the high-single digit range, on the high end of previous guidance.

Target’s board has authorized a new $15 billion share repurchase program. Buybacks under this new program will begin with the previous program, authorized in 2019, is complete. There was $1.8 billion remaining in that previous program at the end of the second quarter.

While the results beat expectations, they also provide further evidence of a shopping slowdown from COVID-19 highs. Same-store sales during the same period last year rose 10.9%. Digital comparable sales soared 195% in 2020.

On Tuesday, Walmart Inc.
WMT,
-0.03%

reported earnings and sales that missed expectations, but digital sales growth dropped to 6% after nearly doubling the previous year.

And Home Depot Inc.
HD,
-4.27%

missed on same-store sales for the most recent quarter.

See: Walmart and Home Depot beat earnings expectations but a number of factors are putting a squeeze on the consumer shopping spree

Retail sales data also showed a 1.1% decline for the month of June as shoppers headed out to restaurants, events and took vacations rather than purchased goods.

Target Chief Executive Brian Cornell described a “healthy and resilient customer” on a call with media, noting “no adjustment in consumer behavior through the new [delta] variant.”

And back-to-school and back-to-college are off to a strong start, which has persisted into the third quarter.

“They continue to shop stores and all categories,” he said.

Target stock has gained 44.3% for the year to date while the S&P 500 index
SPX,
-0.71%

is up 18.4% for 2021 so far.

TGT – Aldoro Resources hits massive sulphides in third and fourth drill holes at Narndee Igneous Complex VC1 target

Aldoro Resources Ltd (ASX:ARN) has intersected massive nickel-copper sulphides within the third and fourth drill holes at the VC1 target within the Narndee Igneous Complex.

The latest results mean all four holes drilled to date at the high-priority target have intersected massive sulphides, with the third and fourth holes hitting around 1.9 metres and 0.9 metres of massive sulphides, respectively.

In addition, the ASX-lister has confirmed that sulphide mineralisation remains open in all directions beyond the 240-metre zone of drill-tested plunge extent, with analysis confirming that nickel and copper exists within the sulphides.

Paired with the new downhole electromagnetic datasets, Aldoro believes the latest drill results will help inform future drilling campaigns at the VC1 target.

Drill targeting at VC1

Aldoro’s diamond drilling program at the VC1 target forms part of a broader nickel exploration campaign that will take place across the Nardnee complex.

The first hole in the program was designed to test the central, strongest component of the VC1 electromagnetic conductor, but it was the second drill hole that really shined.

In fact, hole NDD0002 intersected significantly thicker and stronger zones of massive, semi-massive, blebby, and veined nickel-copper sulphides than its predecessor, even though it was designed to test a shallower, up-plunge position of the conductor 85 metres to the south-southwest.

The third diamond drill hole was created as an extension of NDD0002’s purpose, situated a further 80 metres to the south-southwest.

Promisingly, this hole returned a massive sulphide intersection between 111.6 metres and 113.5 metres.

Meanwhile, hole NDD0004 moved 80 metres to the north of the original hole, focused on a deeper, down-plunge conductor position.

This hole encountered massive sulphide mineralisation between 272.1 metres and 273 metres.

Ultimately, both the third and fourth holes intersected zones of massive, semi-massive, blebby and veined nickel-copper sulphides.

Overall, the VC1 target starts at the base of oxidation, approximately 115 metres south-southeast of NDD0003 and 45 metres vertically below surface.

The mineralised body’s strike length continues for as much as 100 metres and bears a 550-metre plunge extent.

Looking ahead

As it continues to explore at the Narndee complex, follow-up drilling will be predominantly guided by downhole transient electromagnetic (DHTEM) surveying.

The DHTEM survey crew is currently on-site to survey the holes completed by Aldoro, with the addition of a Maximus hole MNRC0002, which was found and probed to 240 metres last week.

DHTEM will be conducted on all holes completed at VC1 to aid and refine drill targeting.

There are now five holes slated for DHTEM survey; the results of which should significantly refine the models for follow-up drill targeting.

The drill rig will now move to the VC3 target to drill a single hole there, while DHTEM surveying and refined modelling will be completed at VC1.

TGT – Target Earnings: 3 Numbers to Watch

Target‘s (NYSE:TGT) stock has been one of the biggest surprise winners of the pandemic. Its recent list of successes reads like a Wall Street wish list. Market share gains in an expanding industry? Check. Rising profit margins? Yes. Soaring cash returns? You bet.

It’s no wonder that investors are feeling optimistic heading into the retailer’s second quarter earnings report in just a few days. But that enthusiasm might lead to disappointment for shareholders if the company stumbles in the upcoming report.

With that backdrop in mind, let’s look at some metrics to follow in Target’s Aug. 18 earnings announcement.

Three young women shopping together at an outdoor mall.

Image source: Getty Images.

1. Market share

There’s no doubt that investors are in for some head-turning sales numbers. Revenue should land at about $25 billion, according to Wall Street estimates, compared to $23 billion a year ago. Also keep in mind that the prior-year figure was up 25% due to soaring demand for staples and home supplies during the early days of the COVID-19 pandemic. Target is looking to put significant gains on top of that blockbuster performance.

Market share is the more important thing to watch, since that’s been the key factor supporting the stock’s epic run in the last year. Target has gained about $10 billion of new business since the pandemic began, and that’s thanks to competitive advantages like its premium but affordable products, ultra-fast fulfillment, and multichannel selling platform. CEO Brian Cornell will likely give an updated estimate of that market share performance on Wednesday.

2. Margin questions

Sales spikes are nice to see, but it’s that combined with rising profitability that’s catapulted earnings into a higher gear in recent quarters. In contrast with peers like Walmart (NYSE: WMT), which focus more on consumer staples, the retailer has been able to take full advantage of shoppers’ desire for premium merchandise, whether in the apparel, home furnishings, or electronics niches.

TGT Operating Margin (TTM) Chart

TGT Operating Margin (TTM) data by YCharts

Investors are worried that these good times might end because of inflation, slowing economic growth, or increased spending needs. That’s why all eyes will be on Target’s operating profit margin as the business heads into the second half of 2021. That figure touched double digits last quarter, but it’s not yet clear where it will settle over the long term. The metric sat at roughly 6% in 2019, before the pandemic scrambled industry trends.

3. Looking out to the holidays

Target’s outlook heading into this week’s report calls for sales to rise as much as 9% in Q2, even following last year’s 19% surge. Management might again decline to issue a full 2021 forecast due to all the uncertainty around the pandemic and consumer demand swings. But its Q3 outlook should be similarly bullish, especially if customer traffic trends were strong in recent weeks.

This is usually the time of year that Target starts making comments about the holiday season, but don’t expect the same level of detail as previous years due to COVID-19 volatility. There’s no shortage of risks to the Q4 outlook, including rising prices and new virus outbreaks. But the best indication investors will have will be Target’s actual sales results this quarter and next quarter.

Meanwhile, the long-term outlook is bright for this attractive stock. Investors interested in growth don’t have to wait for the earnings announcement before buying shares of one of the retail industry’s biggest winners.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

TGT – Is Target (TGT) Stock Outpacing Its Retail-Wholesale Peers This Year?

Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Target (TGT Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of TGT and the rest of the Retail-Wholesale group’s stocks.

Target is one of 213 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #2 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. TGT is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for TGT’s full-year earnings has moved 42.99% higher. This shows that analyst sentiment has improved and the company’s earnings outlook is stronger.

Our latest available data shows that TGT has returned about 48.53% since the start of the calendar year. At the same time, Retail-Wholesale stocks have lost an average of 2.92%. This means that Target is outperforming the sector as a whole this year.

Breaking things down more, TGT is a member of the Retail – Discount Stores industry, which includes 8 individual companies and currently sits at #94 in the Zacks Industry Rank. This group has gained an average of 16.82% so far this year, so TGT is performing better in this area.

TGT will likely be looking to continue its solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to the company.

TGT – Target (TGT) Dips More Than Broader Markets: What You Should Know

In the latest trading session, Target (TGT Free Report) closed at $257.32, marking a -1.43% move from the previous day. This move lagged the S&P 500’s daily loss of 0.18%.

Coming into today, shares of the retailer had gained 5.87% in the past month. In that same time, the Retail-Wholesale sector lost 3.25%, while the S&P 500 gained 2.44%.

TGT will be looking to display strength as it nears its next earnings release, which is expected to be August 18, 2021. On that day, TGT is projected to report earnings of $3.37 per share, which would represent a year-over-year decline of 0.3%. Meanwhile, our latest consensus estimate is calling for revenue of $24.55 billion, up 6.83% from the prior-year quarter.

TGT’s full-year Zacks Consensus Estimates are calling for earnings of $12.39 per share and revenue of $102.14 billion. These results would represent year-over-year changes of +31.53% and +9.17%, respectively.

Any recent changes to analyst estimates for TGT should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.76% higher. TGT is currently sporting a Zacks Rank of #2 (Buy).

Valuation is also important, so investors should note that TGT has a Forward P/E ratio of 21.07 right now. This represents a discount compared to its industry’s average Forward P/E of 24.74.

Also, we should mention that TGT has a PEG ratio of 1.59. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company’s expected earnings growth rate into account. The Retail – Discount Stores industry currently had an average PEG ratio of 2.02 as of yesterday’s close.

The Retail – Discount Stores industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 36, which puts it in the top 15% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.