Target (TGT) Stock News

Target (TGT) has joined as a Platinum Partner and official Tennis sponsor for the 2026 Special Olympics USA Games in Minneapolis. The event, scheduled for June 20-26, 2026, will host over 3,000 athletes, thousands of coaches and volunteers, and tens of thousands of fans. As the tennis sponsor, Target will support more than 80 Special Olympics athletes and Unified partners competing in singles, doubles, and Unified doubles matches at the University of Minnesota's Baseline Tennis Center. The company joins other major sponsors including U.S. Bank, Wells Fargo, and Worldwide Technology. The 2026 Special Olympics USA Games will be one of the largest sporting events in the U.S. that year, bringing together participants from all 50 states.

Target Corporation announced it will maintain 2024 prices on key back-to-school items for the 2025 season, including its signature 20 must-have supplies for under $20 and $5 backpacks. The retailer is launching Target Circle Week from July 6-12, offering major deals on school essentials, with early access for Target Circle 360 members on July 5. The company is bringing back its popular 20% off discounts for students and teachers, with student discounts starting June 29 and teacher discounts running July 20-Aug 30. New offerings include Champion for Target launching in August, Herschel x LEGO collection, and Studio McGee teen collection. The retailer is expanding its dealworthy brand to include school supplies and offering over 1,000 items under $5. College essentials will be mostly under $40, including apparel from $5, storage solutions from $5, and bedding starting at $10.

Target Corporation (TGT) held its 2025 Annual Meeting of Shareholders on June 11, with 86.1% of outstanding shares voted. All 12 board nominees were successfully elected with strong approval ratings ranging from 91% to 99.4%. Shareholders also ratified Ernst & Young LLP as the independent accounting firm with 93.3% approval and supported the Say on Pay proposal with 92.2% in favor. Notably, shareholders strongly rejected a proposal requesting a report on affirmative action initiatives' impact on discrimination risks, with 91.5% voting against it. The meeting demonstrated robust shareholder participation and strong support for management's proposals.

Target Corporation (NYSE: TGT) announced a 1.8% increase in its quarterly dividend, raising it from $1.12 to $1.14 per common share. The dividend will be paid on September 1, 2025, to shareholders of record as of August 13, 2025. This marks Target's 232nd consecutive dividend payment since going public in October 1967, and 2025 is set to become the company's 54th consecutive year of annual dividend increases, demonstrating a strong commitment to delivering consistent shareholder returns.

Target Corporation (NYSE: TGT) has announced the establishment of a new Enterprise Acceleration Office aimed at enhancing operational speed and agility. COO Michael Fiddelke will lead this initiative to streamline cross-company processes and leverage technology. The company also announced several executive changes: Prat Vemana (Chief Information Officer) will report directly to CEO Brian Cornell and lead Target India; Jim Lee (CFO) will oversee enterprise strategy; and Rick Gomez (CCO) will lead enterprise insights. Notable departures include Christina Hennington (Chief Strategy Officer), who will transition to an advisory role until September 2025, and Amy Tu (Chief Legal Officer), with an external search planned for her replacement.

Target (TGT) reported mixed Q1 2025 results with net sales declining 2.8% to $23.8 billion compared to Q24. The company posted GAAP EPS of $2.27 (including $593M pre-tax gains from credit card litigation settlement) and Adjusted EPS of $1.30, versus $2.03 in 2024. Comparable sales decreased 3.8%, with store sales down 5.7%, though digital sales grew 4.7%. Operating margin was 6.2% (3.7% excluding litigation gains). Notably, Target Circle 360™ saw 36% growth in same-day delivery. The company established an acceleration office led by Michael Fiddelke to expedite strategic initiatives. For fiscal 2025, Target forecasts a low-single digit sales decline and adjusted EPS of $7.00-$9.00.

Target Corporation (NYSE:TGT) has announced it will host its first quarter earnings conference call on Wednesday, May 21, 2025, at 7:00 a.m. central time. The webcast will be accessible to investors and media through the company's website at Corporate.Target.com/Investors under the "Events & Presentations" section.

Target, headquartered in Minneapolis, operates nearly 2,000 stores and Target.com, focusing on helping families discover everyday life's joy. The company has maintained a tradition of community giving since 1946, donating 5% of its profits, which currently amounts to millions of dollars weekly.

Target (NYSE: TGT) has expanded its Target Circle 360 membership program by removing same-day delivery price markups from over 100 retailers and grocers beyond Target through its Shipt network. The program now offers markup-free deliveries from partners including CVS, PetSmart, Lowe's Home Improvement, and regional grocers like Hy-Vee, Lowes Foods, and Giant Eagle.

Members can save approximately 7 hours monthly and over $300 annually. New members receive $20 off their first order of $75 or more. Additional Target Circle 360 benefits include free 2-day shipping, extended return windows, early access to deals, monthly freebies, and unlimited same-day delivery on orders over $35.

This enhancement positions Target Circle 360 as the only membership program offering no-markup same-day delivery across Shipt's entire retail network, creating a comprehensive digital shopping center experience.

Target (TGT) is launching over 10,000 new items for summer 2025, with prices starting at $1. The retailer is introducing "Hello Summer Saturdays" events at all stores every Saturday in June, featuring free giveaways and exclusive Target Circle deals. A major "Hello Summer" sales event runs May 18-26, offering discounts up to 50% off. The summer collection includes exclusive products across categories like swimwear, outdoor entertainment, and home goods. Key highlights include coastal-inspired merchandise, trend-focused fashion, and seasonal food items. Notable promotions include up to 50% off Sun Squad outdoor items, 40% off women's dresses, and 30% off various apparel categories. The initiative features themed shopping experiences like The Boardwalk Shop, Build Your Beach Bag, and The Sun Shop, offering customers a nostalgic, coastal-inspired shopping experience.