Target Stock Price, News & Analysis

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.

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.