TARGET CORP (TGT)
US87612E1064 - Common Stock
Top S&P500 movers in Wednesday's session
Join us in exploring the top gainers and losers within the S&P500 index one hour before the close of the markets on Wednesday as we examine the latest happenings in today's session.
Wednesday Sector Laggards: Services, Technology & Communications
Why Dollar General Stock Was Sliding Today
Why Target (TGT) Stock Is Trading Lower Today
Shares of general merchandise retailer Target (NYSE:TGT) fell 22.4% in the afternoon session after the company reported weak third-quarter results. Despite a modest increase in comparable sales driven by strong guest traffic and digital sales, same-store sales declined by 1.9%, reflecting a drop in in-store purchases. Profitability also came under pressure, as gross margin fell slightly due to higher supply chain and fulfillment costs. This,combined with elevated operating expenses, contributed to a significant EPS miss. Additionally, Target's full-year EPS guidance was reduced and missed significantly, further disappointing investors. Management called out "unique challenges and cost pressures that impacted our bottom-line performance." Overall, this was a surprisingly bad quarter.
Why Target (TGT) Shares Are Getting Obliterated Today
Shares of general merchandise retailer Target (NYSE:TGT) fell 22.4% in the afternoon session after the company reported weak third-quarter results. Despite a modest increase in comparable sales driven by strong guest traffic and digital sales, same-store sales declined by 1.9%, reflecting a drop in in-store purchases. Profitability also came under pressure, as gross margin fell slightly due to higher supply chain and fulfillment costs. This,combined with elevated operating expenses, contributed to a significant EPS miss. Additionally, Target's full-year EPS guidance was reduced and missed significantly, further disappointing investors. Management called out "unique challenges and cost pressures that impacted our bottom-line performance." Overall, this was a surprisingly bad quarter.
What's going on in today's session: S&P500 most active stocks
Curious about the most active S&P500 stocks in today's session? Get insights into the stocks that are leading the way in terms of trading volume and market attention.
Why Target Stock Is Getting Crushed Today
Wednesday Sector Laggards: Department Stores, Manufacturing Stocks
S&P 500 Movers: TGT, KEYS
Stay updated with the movement of S&P500 stocks in today's session. Discover which S&P500 stocks are making waves on Wednesday.
Let's delve into the developments on the US markets in the middle of the day on Wednesday. Below, you'll find the top gainers and losers within the S&P500 index during today's session.
Curious about what's happening in today's session? Check out the latest stock movements and price changes.
Keep an eye on the top gainers and losers in Wednesday's session, as they reflect the most notable price movements.
Target (TGT) Q3 2024 Earnings Call Transcript
TGT earnings call for the period ending September 30, 2024.
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What's going on in today's session: S&P500 gap up and gap down stocks
Let's take a look at the S&P500 stocks that are experiencing notable price gaps in today's session on Wednesday. Discover the gap up and gap down stocks in the S&P500 index.
Gapping stocks in Wednesday's session
Gap analysis on 2024-11-20: gap up and gap down stocks in today's session.
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Which S&P500 stocks are moving before the opening bell on Wednesday?
Which stocks are moving before the opening bell on Wednesday?
Stay updated with the stocks that are on the move in Wednesday's pre-market session.
Target (NYSE:TGT) Misses Q3 Revenue Estimates, Stock Drops 21.2%
General merchandise retailer Target (NYSE:TGT) missed Wall Street’s revenue expectations in Q3 CY2024 as sales only rose 1.1% year on year to $25.67 billion. Its non-GAAP profit of $1.85 per share was 19.6% below analysts’ consensus estimates.
Target Corporation Reports Third Quarter Earnings
/PRNewswire/ -- Third quarter comparable sales increased 0.3 percent, driven by strong traffic and digital performance. Guest traffic grew 2.4 percent over the...
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Target Earnings Due After Key Rival Brings Holiday Cheer
Discretionary retail sales seem to be improving and the Target earnings report will shed more light.
Target Corporation to Webcast 3rd Quarter Earnings Conference Call on Wednesday, November 20, 2024
/PRNewswire/ -- WHAT: Target Corporation's (NYSE:TGT) webcast of its third quarter earnings conference call. WHEN: Wednesday, November 20, 2024 - 7:00 a.m....
Target (TGT) Q3 Earnings: What To Expect
General merchandise retailer Target (NYSE:TGT) will be reporting earnings tomorrow before market hours. Here’s what to expect.