Target Corp (DYHD.XC)
| Previous close | 141.95 |
| Open | 141.95 |
| Bid | 162.45 x N/A |
| Ask | 162.75 x N/A |
| Day's range | 141.95 - 141.95 |
| 52-week range | 103.75 - 141.95 |
| Volume | |
| Avg. volume | 0 |
| Market cap | 65.671B |
| Beta (5Y monthly) | 1.17 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | 14 Aug 2024 - 19 Aug 2024 |
| Forward dividend & yield | 4.04 (2.85%) |
| Ex-dividend date | 14 May 2024 |
| 1y target est | N/A |
- Yahoo Finance Video
Target Earnings: What You Need To Know
It looks like the tables have turned, as Walmart (WMT) is set to usurp Target (TGT) as America's favorite big-box retailer. This Wednesday, May 22nd, Target debuted less than stellar Q1 Earnings report, Yahoo Finance's Brooke DiPalma explains: "It's really the tale of two retailers...Target falling 3.7 percent. Just last week, we saw same-store sales from Walmart impress The Street with an upside of 3.8 percent." Target's higher quality, albeit more expensive offerings, appear to be out of reach for the average Joe or Jane on Main Street. They are turning on the red and white retail giant, finding their dollar stretches further when shopping at Walmart. Yahoo Finance's Brian Sozzi reiterates: "Everywhere you look in this Target quarter, it stunk from top to bottom. They noted that inflation is starting to slow, but they are not seeing a corresponding improvement in sales." Inflation appears to be the key catalyst for Target's struggling sales. In response to this continued sales drop, the company announced price cuts to around 5,000 of their products, with more price cuts coming over the summer. D.A. Davidson Managing Director Michael Baker sees this as a bullish move, "the key right now is for them to get customers in the door, and win back some traffic and win back some market share." So although Target may be down, they certainly are not out. Consumers may not have turned on Target, they simply just cannot afford it. Former Toys"R"US CEO Jerry Storch states: "Target has made it's name selling nice-to-have fun products. That is not what the consumer is buying right now!" Despite these current struggles, Target has proven itself as a quality company with "a great deal of consumer brand equity," even with a strike out earnings report in 2024 "consumers still love shopping there, so I think they have a lot to work with, it's just going to take awhile." This post was written by Noah Chadwick GFX_AE
- Yahoo Finance Video
The big blunder Target made but Walmart avoided
Target's first quarter earnings fell short of analyst estimates as inflation continues to take a bite out of consumers' wallets. Longtime retail executive and Storch Advisors CEO Jerry Storch says there was one mistake Target (TGT) made years ago that gave Walmart (WMT) an edge. "Target years ago... made a strategic blunder to basically pull out of the full-service grocery business. What you have in Target right now is really a large convenience grocery store, whereas Walmart is the nation's largest real grocery store with all the departments and fresh produce... That positions Target very poorly. They can't fix that overnight," Storch says. He goes on to explain that Walmart customers are going to get groceries every week, for example, but then purchasing higher-margin general merchandise because they are there. For Target, it's "backwards" Storch argues, saying that customers may be going once a month for general items and buying low-margin groceries since they happen to be there. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. Watch the full interview with Jerry Storch here. This post was written by Stephanie Mikulich.
- Yahoo Finance Video
Nvidia earnings, crypto rally, new housing data: Catalysts
On today's episode of Catalysts, Co-Hosts Seana Smith and Madison Mills invite top experts and strategists to break down some of the market's (^DJI,^GSPC, ^IXIC) biggest stories, from the crypto rally to the summer travel season driving consumer trends. Nvidia (NVDA) earnings are highly anticipated, as the chip company is expected to report a massive 242% surge in revenue. If Nvidia meets or tops these expectations, investors are hopeful it will spur a broader market rally. Skybridge Capital Founder and former White House Director of Communications Anthony Scaramucci encourages shareholders to stick with the company regardless of its earnings results: "I think if you hold it over the next decade, you're going to be very well rewarded." Newly released housing data shows existing home sales dropped in April, declining by 1.9% versus the expected 0.8%. HousingWire Lead Analyst Logan Mohtashami notes that while inventory levels have been on an upward trajectory, lingering challenges, like high mortgage rates and housing prices, are stunting the housing market's overall growth. Cryptocurrencies bitcoin (BTC-USD) and ethereum (ETH-USD) are rallying as the House is set to vote on the Financial Innovation and Technology for the 21st Century Act, or FIT21. The new crypto legislation could boost the entire sector as it would remove it from the purview of the Securities and Exchange Commission (SEC). Scaramucci adds that with the upcoming election, the Biden administration should show the sector some favorability as more individuals are looking to boost their wealth by investing in cryptocurrencies. As the summer travel season heats up, US Secretary of Transportation Pete Buttigieg joins the show to discuss how Americans should plan for their vacations ahead. He encourages all travelers to know their rights before making their trips, pointing to new measures that guarantee automatic refunds if flights get canceled. Buttigieg explains that the Department of Transportation is focused on getting "America's airlines to succeed and thrive. We want them to do it by providing good customer service and through honest practices." He adds that while many may be flying on Boeing (BA) planes this summer, consumers should not be afraid: "Look, I'm on a Boeing airplane every few days... so this is personal to me as well as something I care about as a policymaker. And bottom line is the FAA is not going to allow anything to go forward that they're not satisfied is safe." For more expert insight and the latest market action, click here This post was written by Melanie Riehl
