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Target Corporation (TGT)

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John Stumpf Appointed To Target Corporation’s Board Of Directors (The Street: Banks) - 08:00 ET Mar 11, 2010

Target Corporation (TGT) - The Street.com

Target Corporation (NYSE:TGT) announced today that John Stumpf, Chairman, President and CEO of Wells Fargo & Company (NYSE:WFC), has been appointed to its Board of Directors, effective immediately. Stumpf will replace George Tamke, who retired from the board on , 2010. Stumpf is a 28 year veteran at Wells Fargo, having joined the former Norwest Corporation (predecessor of Wells Fargo) in 1982.

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Biggest monthly increase in 27 months (MarketWatch) - Mar 04, 2010

Target Corporation (TGT) - Wayne Hood at BMO Capital Markets

Across the board, retailers' biggest focus this year remains driving sales, market share and traffic, as they have fewer levers to pull from cost reduction efforts that helped to bolster profit, analysts said. Retailers are a lot more proactive, offering exclusive merchandise such as Jean Paul Gaultier at Target, or Cindy Crawford's home collection at J. C. Penney to set themselves apart from rivals. To be sure, analysts caution investors shouldn't read too much into results from February, which they said represent about a quarter of sales in the first quarter and is one of the smallest months of the year alongside January. Consumers, facing a still near 10% high unemployment rate, remain wary and watchful over their budgets, analysts said. "March and April will be a good indicator" of consumer demand, said analyst Wayne Hood of BMO Capital Markets in an interview.

Wayne Hood

Wayne Hood
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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5 ETFs to Play the New Retail Climate (ETF Trends) - Feb 25, 2010

Target Corporation (TGT) - Tom Lydon at ETF Trends

Target Corp (NYSE: TGT ), Home Depot Inc (NYSE: HD ) and Macy's Inc (NYSE: M ) joined other consumer focused companies in warning that sales gains will continue to slow in the first half of the year, report Miguel Bustillo, Sara Murray and Rachel Dodes for The Wall Street Journal . Business purchases and other indicators say the economy is improving, but unemployment is still at 9.7%. The Consumer Confidence Index fell to 46.0 in February from 56.5 in January, a 10 month low.

Tom Lydon

Tom Lydon

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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Target Corporation’s (TGT) Fourth-Quarter Review (Benzinga) - Feb 24, 2010

Target Corporation (TGT) - Deborah Weinswig at Citigroup Global

Analysts Deborah L. Weinswig and Nathan Rich at Citigroup (NYSE: C) have released a report reviewing the fourth quarter results at Target Corporation (NYSE: TGT). The company reported EPS of $124 for the quarter, beating analysts' estimate of $118, and the consensus estimate of $116 The company saw a 176 basis points improvement in gross margins Analysts expected the company to improve gross margins by 90 basis points

Deborah Weinswig

Deborah Weinswig
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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Large retailers report improved quarterly earnings (The News Tribune: www.thenewstribune.com: Business) - Feb 24, 2010

Target Corporation (TGT) - Bill Dreher at Deutsche Bank

LOS ANGELES – Three of the nation's largest retailers saw earnings rise significantly in the fourth quarter and said Tuesday that they expected continued improvement this year even against a slow industry recovery. For the quarter that ended Jan 30, department store giant Macy's Inc swung to a $466 million profit after losing billions of dollars in the year earlier period; discounter Target Corp said profit rose 54 percent, and Sears Holdings Corp posted its best quarterly profit in three years "It's very clear, looking at the economic environment as well as the retailers' businesses, that the environment is dramatically better from where it was a year ago," said Bill Dreher, senior retail analyst at Deutsche Bank Securities who follows all three companies Still, he said sales results weren't as encouraging as profitability

Bill Dreher

Bill Dreher
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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Retailers' quarterly earnings surge (Ohio: Business) - Feb 24, 2010

Target Corporation (TGT) - Bill Dreher at Deutsche Bank

Discounter Target Corp said profit rose 54 percent and Sears Holdings Corp posted its best quarterly profit in three years while announcing 21 store closings, including 13 at Kmart that included locations in Cleveland, Dayton, Eastlake, Milford and Wadsworth ''It's very clear, looking at the economic environment as well as the retailers' businesses, that the environment is dramatically better from where it was a year ago,'' said Bill Dreher, senior retail analyst at Deutsche Bank Securities, who follows all three companies Still, he said sales results weren't as encouraging as profitability Macy's sales in the fourth quarter declined 11 percent, to $785 billion from $793 billion in the year earlier period

Bill Dreher

Bill Dreher
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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Three giant retailers report solid profits for holiday (chron.com Business) - Feb 24, 2010

Target Corporation (TGT) - Todd Slater at Lazard

"We had thought early on that margins would recover significantly and numbers would accelerate pretty dramatically," said Todd Slater, an analyst with Lazard Capital Markets who covers Target

Todd Slater

Todd Slater
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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Retailers post profits, even as consumer doubts resurface (Washington Post) - Feb 23, 2010

Target Corporation (TGT) - Todd Slater at Lazard

"We had thought early on that margins would recover significantly and numbers would accelerate pretty dramatically," said Todd Slater, an analyst with Lazard Capital Markets who covers Target "The question from here on is when do revenues really begin to fill the gap" Retailer results this week will be particularly significant because they cover the all important holiday selling season Many chains were expecting a weak holiday and had prepared by closing poorly performing locations reducing the amount of merchandise on the shelves and keeping their staff levels lean That helped ensure their profits remained intact even if sales remained slow

Todd Slater

Todd Slater
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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Macy's, Target and Sears post big profit gains (Los Angeles Times) - Feb 23, 2010

Target Corporation (TGT) - Bill Dreher at Deutsche Bank

Three of the nation's largest retailers saw earnings rise significantly in the fourth quarter and said Tuesday that they expected continued improvement this year even against a slow industry recovery. For the quarter ended Jan 30, department store giant Macy's Inc swung to a $466 million profit after losing billions of dollars in the year earlier period; discounter Target Corp said profit rose 54%; and Sears Holdings Corp posted its best quarterly profit in three years "It's very clear, looking at the economic environment as well as the retailers' businesses, that the environment is dramatically better from where it was a year ago," said Bill Dreher, senior retail analyst at Deutsche Bank Securities who follows all three companies Still, he said sales results weren't as encouraging as profitability Macy's Chief Executive Terry Lundgren said his firm's results were driven by success from the company's new local merchandising strategy, My Macy's, along with a 266% increase in online sales and a rebound at its luxury Bloomingdale's chain

Bill Dreher

Bill Dreher
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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Target Gains, Consumer Confidence Wanes (Forbes) - Feb 23, 2010

Target Corporation (TGT) - Goldman Sachs

Goldman Sachs analyst Adrienne Shapira said that investors expected an earnings beat for Target, so shares are unlikely to move on that news alone

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Target Corporation (TGT) - Brian Sozzi at Wall Street Strategies

According to Brian Sozzi, an analyst with Wall Street Strategies, Target's latest quarter was boosted by sales of discretionary items like home furnishings and apparel, while clothing sales at Wal Mart were flat The earnings beat underwhelmed investors, as shares of Target dipped 62 cents, or 12%, to $5003 as news on consumer confidence's latest tumble outweighed the decent quarter On Tuesday the Conference Board said its Consumer Confidence Index fell to 460 in February, its lowest level in 10 months and down from 565 in January The Present Situation Index slipped to 194, the worst it's been in 27 years

Brian Sozzi

Brian Sozzi
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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Insecure Consumers Eclipse Target's Triumph (Forbes.com: Latest Headlines) - Feb 23, 2010

Target Corporation (TGT) - Brian Sozzi at Wall Street Strategies

According to Brian Sozzi, an analyst with Wall Street Strategies, Target's latest quarter was boosted by sales of discretionary items like home furnishings and apparel, while clothing sales at Wal Mart were flat The earnings beat underwhelmed investors, as shares of Target dipped 29 cents, or 06%, to $5035 as news on consumer confidence's latest tumble outweighed the decent quarter On Tuesday, the Conference Board said its Consumer Confidence Index fell to 460 in February, its lowest level in 10 months and down from 565 in January The Present Situation Index slipped to 194, the worst it's been in 27 years

Brian Sozzi

Brian Sozzi
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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Target profit rises in holiday quarter (Reuters) - Feb 23, 2010

Target Corporation (TGT) - Peter Benedict at Robert W. Baird & Company

* Lower provision for income taxes helped Q4 shr * Q4 same store sales up 06 pct * Shares down 1 pct in early trading (Adds analyst, byline, updates stock price) By Nicole Maestri SAN FRANCISCO, Feb 23 (Reuters) , Target Corp ( TGTN ) posted a quarterly profit slightly above Wall Street expectations, but investors had hoped for a bigger improvement and shares fell 1 percent The No 2 US discount retailer said sales in the holiday quarter were better than expected, and it expects traffic and sales of discretionary merchandise to improve in 2010 "In this (market) if you don't blow the number out, your stocks not going to go up and this was basically an in line earnings number," said Robert W Baird & Co analyst Peter Benedict Net income was $936 million, or $124 per share, in the fourth quarter ended Jan 30, compared with $609 million, or 81 cents per share, a year earlier

Peter Benedict

Peter Benedict
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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Target Beats Zacks Consensus (Zacks - Analyst Blog) - Feb 23, 2010

Target Corporation (TGT) - Zacks Investment Research

Target Corporation ( ) reported fourth quarter results with earnings of $1.24 per share. Earnings were well above the Zacks Consensus Estimate of 77 cents and were up a robust 533% year over year Profits were driven by better than expected holiday sales

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Earnings Preview-Target Corp. (MiamiHerald.com: Business) - Feb 22, 2010

Target Corporation (TGT) - Peter Benedict at Robert W. Baird & Company

But Target has emphasized its low prices in advertising and expanded its food offerings, both moves that have helped it improve its sales Peter Benedict, an analyst at RW Baird, said Target is still one of his top investment picks, partly because of its improving traffic and appealing stock price

Peter Benedict

Peter Benedict
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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Canaccord Adams Maintains a 'Buy' on WebMD Health Corp. (WBMD); Continued Momentum From Major Customer Wins (StreetInsider.com - Analyst Comments) - Feb 19, 2010

Target Corporation (TGT) - Canaccord Adams

Canaccord analyst says, "WebMD reported another stellar quarter with Q4/09 revenue and EPS beating consensus and our estimatesebMD continues to track well with CPG wins into 2010 from major customers such as WalMart (NYSE: WMT ), Target (NYSE: TGT ), and most recently, GE (NYSE: GE )

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Coinstar Soars On Redbox/Warner Deal (Tech Trader Daily) - Feb 17, 2010

Target Corporation (TGT) - Steven Rees at JP Morgan

Given the company has 22,000 kiosks, heading toward 30,000, that approach was both costly and resulted in uncertain supply Some retailers, including Target (TGT) and Wal Mart (WMT) , have installed limits on the number of copies of any single movie that can be purchased at one time in response to the workaround Some comments from the Street: Steven Rees, JP, Morgan: "Overall, we believe this agreement is a positive for the stock and significantly reduced the near term costs and challenges of the ‘workaround'" Ari Black, Thomas Weisel Partners: "The agreement is accretive to EBITDA, and removes the risk of buying and selling DVDs on the open market," he writes

Steven Rees

Steven Rees
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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Target Corporation (TGT) - Ari Black at Thomas Weisel Partners

Given the company has 22,000 kiosks, heading toward 30,000, that approach was both costly and resulted in uncertain supply Some retailers, including Target (TGT) and Wal Mart (WMT) , have installed limits on the number of copies of any single movie that can be purchased at one time in response to the workaround Some comments from the Street: Steven Rees, JP, Morgan: "Overall, we believe this agreement is a positive for the stock and significantly reduced the near term costs and challenges of the ‘workaround'" Ari Black, Thomas Weisel Partners: "The agreement is accretive to EBITDA, and removes the risk of buying and selling DVDs on the open market," he writes

Ari Black

Ari Black

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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Target upgraded to "buy" (Newratings.com) - Feb 16, 2010

Target Corporation (TGT) - UBS

, Analysts at UBS upgrade Target (TGT) from "neutral" to "buy"

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Big box retailers slimming down (Business Day - World) - Feb 04, 2010

Target Corporation (TGT) - Jeffrey Klinefelter at Piper Jaffray

Analysts expect Target's smaller stores to be 60,000 to 100,000 square feet Target is already testing a new "assortment approach" in three stores, where it is offering 50 percent fewer items to see how customers react "We believe the smaller prototype will be a critical strategy to help mitigate the lack of new commercial real estate projects currently underway," wrote Piper Jaffray analyst Jeffrey Klinefelter in a note SUCCESS NO SURE BET Success on a small scale does not come easy

Jeffrey Klinefelter

Jeffrey Klinefelter
Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

Quotability Index: the stars indicate how frequently this analyst is quoted in the Street Pulse sources. Five stars represent the top quintile, four stars the next and so forth.

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