On August 18th Target will release its second quarter 2009 earnings report.  This report will be followed by a conference call with analysts later in the morning.  Target stock had an amazing July, rallying with the stock market ending the month up nearly 13 percent giving it a YTD return of over 26 percent.  This [...]

After settling with Sears / K-Mart, the California Attorney General’s office has his sites set on Target stock.  K-Mart recently settled a case with California for $8.7 million over the dumping of illegal substances in local landfills.  Apparently, Target Corporation is guilty of similar transgressions.  It is unclear if Target will be offered a settlement, [...]

Believe it or now, Target stock ended the week before Memorial Day in the green.  Sure it wasn’t up more than a point and, sure, it dropped nearly 10 percent from its intraday high on Wednesday, but the week was still up.  No one was too excited about its earning beat after the numbers came [...]

Or at least the location likely would not have been guessed.  William Ackman and Pershing Capital Management will be forced to end their proxy battle with Target to replace members of the board of directors on a nearly complete construction site in Wisconsin.  The new Target store in Waukesha will be the meeting site for [...]

Year to date Target stock has returned a nice 16.07% plus a 16 cent dividend.  Not too bad for one of the biggest financial disasters since the Great Depression.  Of course this return is of little solace to those who purchased the stock near $60.  Or perhaps little to those who have only seen a [...]

One analyst is saying the Target stock is on track for same story sales that are flat for April.  While this seems like really good news, the store is also being helped by the shift of Easter back into April.  As clearance and old stock gets purged from the system, gross margins are improving.  General [...]

Well, you probably aren’t feeling it as much as Pershing Square’s William Ackman.  Ackman set-up a hedge fund solely to invest in Target stock.  Obviously, this has not panned out as the wisest investment of Ackman’s career.  The fund is down over 40% YTD (that’s a lot) and nearly 90% overall.  Ouch.

Target Corporation (NYSE: TGT) acknowledged today that it will be cutting workers.  It seems as if the layoffs will be coming at the management level, particularly at its Minnesota headquarters.  Target stock investors, eager to see the chain shed some of its fixed costs may be looking for ‘thousands’ of layoffs, but in reality may [...]

Word has come down that preisdent and CEO Gregg Steinhafel will add the additional role as Chairman of the Board of Directors to his other roles at Target.  Target stock is down today, along with the rest of the market, though significantly more so.  The management announcement was made on a non-market day, January 19th, [...]

Despite a lickin last week and little signs of an upswing this week, Target stock is still up 1.19% this year.  Of little solace after that beating we took last year.  The forward p/e ratio remains at about 15, which isn’t all that attractive, I have to admit.  I’d be looking for 12 or so.