Target Stock Price, News & Analysis

Target Corporation reported second quarter 2021 results showing comparable sales growth of 8.9%, following last year's record growth of 24.3%. GAAP EPS reached $3.65, up 8.9% year-over-year. Digital sales increased by 10%, with same-day services surging nearly 55%. Total revenue grew to $25.2 billion, a 9.5% rise. Target's Board approved a new $15 billion share repurchase program. For the second half of 2021, comparable sales growth is expected to be high single digits, with an operating income margin forecast of 8% or higher.

Target Corporation (NYSE: TGT) announced a webcast for its second quarter earnings conference call scheduled for August 18, 2021, at 7:00 a.m. central time. Investors and media can access the call on Target's investor relations website. The company operates more than 1,900 stores and a robust online platform aimed at enhancing everyday life for families since 1946. Target has a strong commitment to community support, contributing 5% of its profit to community initiatives, equating to millions weekly.

Target Corporation (NYSE: TGT) announced the appointment of David P. Abney and Gail K. Boudreaux to its board of directors. Abney, former CEO of UPS, brings over 40 years of experience in logistics and corporate leadership, while Boudreaux, CEO of Anthem, has extensive expertise in healthcare management. Abney's appointment is effective immediately, and Boudreaux's will take effect on September 23, 2021. This strategic move aims to enhance Target's board with experienced professionals who have led complex corporate strategies in rapidly changing environments.

Target Corporation (NYSE: TGT) announced The Fall Designer Collection, featuring four renowned designers: Rachel Comey, Victor Glemaud, Sandy Liang, and Nili Lotan. This limited-time collection offers over 180 stylish fall essentials priced between $15 and $80, with most items under $50. The collection emphasizes inclusivity, available in sizes XXS-4X, and will be accessible online and in select stores starting September. Target aims to energize customers' wardrobes with timeless fashion staples while showcasing the unique aesthetics of each designer.

Target Corporation (NYSE: TGT) announced a comprehensive debt-free education assistance program for over 340,000 U.S.-based frontline team members. Starting this fall, eligible staff can access support for undergraduate degrees, certifications, and free textbooks with no upfront costs. Target will invest $200 million over four years into this initiative, which also includes tuition assistance of up to $5,250 for non-master's degrees and $10,000 for master's degrees. This program aligns with Target's sustainability strategy, Target Forward, aimed at fostering an equitable workforce.

Target Corporation (NYSE: TGT) is launching a limited-time collaboration with author and illustrator Christian Robinson. The collection features over 70 items, including home decor, apparel, and children's books, priced between $6 and $70. Available starting August 15, the collection aims to encourage creativity and reflection in homes. It includes adaptive and sensory-friendly apparel. This partnership highlights Target's commitment to sourcing products from Black creators. The collection can be purchased online and in stores, with new items arriving in October.

Target Corporation (NYSE: TGT) and Ulta Beauty (NASDAQ: ULTA) are set to launch Ulta Beauty at Target, rolling out in over 100 Target stores nationwide and online this August. This initiative features more than 50 curated prestige brands, aiming to enhance the beauty shopping experience. The partnership plans to expand to 800 locations in the coming years, combining Ulta’s beauty expertise with Target's retail reach. The immersive shopping experience includes trained beauty experts and online access with benefits from both companies’ loyalty programs.

Target Corporation (NYSE: TGT) announces readiness for the back-to-school and college season, bolstered by last year's record demand. The retailer is increasing inventory and enhancing the shopping experience, offering guests exclusive access to both owned and national brands at competitive prices. Target's Teacher Prep Event returns, providing a 15% discount for eligible educators. With over 80% of items priced under $10, guests can expect unbeatable deals on essentials. Target's fulfillment options, including Drive Up and same-day delivery, streamline the shopping experience for families.