Target Stock Price, News & Analysis

Target Corporation (NYSE: TGT) has teamed up with the LEGO Group to launch a limited-edition lifestyle collection, featuring nearly 300 items priced between $1.50 and $120. The collection includes home goods, apparel, toys, and accessories, designed to promote family engagement and inclusivity. Available in early December, it reflects both brands' commitment to self-expression and celebration during the holiday season. Target aims to differentiate itself in the competitive market by providing a unique shopping experience for families, enhancing holiday traditions.

Target Corporation (NYSE: TGT) has announced the return of Target Deal Days from October 10 to October 12, offering deep discounts across several categories, including electronics and home goods. This year, deals will be available online, via the Target App, and at over 1,900 stores. Additionally, Target introduces an industry-leading Holiday Price Match Guarantee, allowing price adjustments on purchases made during the event until December 24. The retailer aims to enhance the shopping experience through convenience and inspiration, asserting its commitment to delivering value throughout the holiday season.

Bio Bidet by Bemis has partnered with Target Corporation (TGT) to distribute its bidet products nationwide in Target stores. The collaboration aims to meet the growing consumer demand for hygiene products, featuring items like non-electric bidet attachments, handheld sprayers, and travel bidets in the home improvement section. This partnership marks a significant entry into mainstream retail for Bio Bidet, which positions itself as a leader in innovative bathroom solutions.

Target Corporation (NYSE: TGT) announced plans to invest over $75 million in additional pay by providing five million more hours to current team members this holiday season. This initiative includes a new mobile scheduling app for flexible shifts. Target emphasizes preferred schedules, with hourly team members working nearly 15% more hours than last year. Additionally, Target aims to hire 100,000 seasonal team members while enhancing training and development opportunities for existing employees. Investments in pay, benefits, and career growth remain a fundamental focus.

The board of directors of Target Corporation (NYSE:TGT) announced a quarterly dividend of 90 cents per share, payable on December 10, 2021, to shareholders on record by November 17, 2021. This marks the company's 217th consecutive dividend since it became publicly held in October 1967. Target operates over 1,900 stores and has a commitment to contributing 5% of its profit to communities.

Target Corporation (NYSE: TGT) has appointed Sarah Travis as president of Roundel, its in-house media company, starting Sept. 13. Travis brings extensive media expertise from her previous role as managing director of retail at Google. Under her leadership, Roundel aims to enhance marketing connections with Target's guests through innovative strategies. The company has invested in Roundel's capabilities, and it has consistently exceeded revenue targets since its relaunch in 2019, marking it as a growing and profitable segment of Target's business.

Target Corporation (NYSE: TGT) announces the return of Bullseye's Top Toys list for the holiday season and plans to expand to over 160 Disney store locations nationwide. The exclusive 70-piece toy collection with FAO Schwarz features 85% new items. The toy offerings include popular brands like LEGO and L.O.L. Surprise!, alongside items like the Healthy Roots Zoe Doll. Target aims to enhance the shopping experience with same-day pickup and delivery options, while providing discounts for RedCard holders.

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.