Target Stock Price, News & Analysis

Target Corporation (NYSE: TGT) has launched a spring collaboration with Stoney Clover Lane, offering over 300 customizable items, including apparel, swimwear, and travel accessories. The collection, priced from $2 to $160, will be available in Target stores and online starting April 2, 2022. This partnership aims to enhance customer engagement by providing unique customization options. Co-founders Kendall and Libby Glazer emphasize the role of this launch in expanding their brand while appealing to Target's audience.

Target Corporation (NYSE: TGT) has declared a quarterly dividend of 90 cents per common share, payable on June 10, 2022 to shareholders of record by May 18, 2022. This dividend marks the 219th consecutive payment since the company went public in October 1967. Target has a long-standing commitment to giving back, contributing 5% of profits to communities, equating to millions weekly.

Target Corporation (NYSE: TGT) has launched Target Zero, an initiative designed to reduce waste by showcasing products that are refillable, reusable, or compostable. This program introduces a Target Zero icon for easy identification of sustainable products online and in stores. Beginning with hundreds of items in categories such as Beauty and Household Essentials, the initiative aligns with Target's sustainability strategy, Target Forward, which aims for 100% recyclable packaging by 2025. The initiative highlights collaboration with brand partners and focuses on meeting growing consumer demand for eco-friendly options.

Target Corporation (NYSE: TGT) plans to invest up to $5 billion in 2022 to enhance its operational capabilities. This investment will focus on new store openings, digital experiences, and supply chain improvements. Target aims to open approximately 30 new stores and remodel 200 existing locations. The expansion of partnerships, such as Ulta Beauty, will see over 250 new shop-in-shop locations. Additionally, Target's fulfillment services have grown nearly 400% since 2019, driving significant digital sales growth.

Target Corporation (NYSE: TGT) reported strong Q4 2021 results with GAAP EPS of $3.21, up from $2.73 in Q4 2020, and full-year total revenue reaching $106 billion, a 13.3% increase from 2020. Comparable sales rose by 8.9% in Q4 and 12.7% for the year. Operating income margin expanded to 8.4%, while operating income reached $8.9 billion, up 36.8% year-over-year. For fiscal 2022, Target anticipates low- to mid-single digit revenue growth and high-single digit growth in Adjusted EPS, though first quarter margins are expected to decline from last year's figures.

Target Corporation (NYSE:TGT) will announce its fourth quarter and full-year 2021 financial results on March 1, 2022. A meeting with financial analysts will follow at 9:00 a.m. Eastern time, where Target's leadership will discuss strategic plans and opportunities for 2022. Investors can access the meeting via webcast on the company’s investor relations website, which will remain archived for 90 days. Target, founded in Minneapolis, has over 1,900 stores and maintains a commitment to donating 5% of profits to communities.

Target Corporation (NYSE: TGT) announced plans to raise its starting wage range to between $15 and $24 per hour and expand health care benefits for team members. The move, part of the company's strategy to enhance equity and opportunity, will result in an additional investment of up to $300 million this year. Approximately 20% of hourly team members will become newly eligible for comprehensive health coverage, with access to health plans available sooner and enhanced wellness benefits introduced. These steps aim to support team members' growth and well-being.

Target Corporation (NYSE: TGT) announced enhancements to its same-day pickup services, set for fall 2022. The improvements include options for customers to add a Starbucks order and make returns using the Target app. Target aims to leverage its nearly 2,000 stores as fulfillment hubs, with more than half of its digital sales coming from same-day services like Order Pickup and Drive Up. Additional features include expanded 'backup item' functionality for a wider range of categories, enhancing customer convenience and satisfaction.

Target Corporation (NYSE:TGT) has announced a quarterly dividend of 90 cents per share, payable on March 10, 2022, to shareholders recorded by the close of business on February 16, 2022. This marks the company's 218th consecutive dividend since it became publicly held in October 1967. Target continues its commitment to returning value to shareholders amid its long-standing practice of supporting communities with 5% of profits.