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 puts the stock at its highest levels since early October 2008 right before it went into a free fall with the rest of the stock market. The company is still pushing expansion and hopes to open over 20 new stores in the upcoming year. That’s a significant amount in a an economy mired in unemployment and recession, but management remains confident in its growth plans.
Target Earnings Report
Tags: conference call, earnings report, growth plan, target stock
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