Breaking News Instant updates and real-time market news.

TGT

Target

$111.05

-2.16 (-1.91%)

15:38
10/23/19
10/23
15:38
10/23/19
15:38

Target to add nearly $50M in payroll for holiday season

Target announced that it is adding nearly $50M in payroll compared to last holiday to ensure more team members are available to assist guests during peak hours, and doubling the number of team members dedicated to fulfillment, including same-day services, so guests can get their orders in as soon as an hour. Target also shared that 25M guests and counting have enrolled in Target Circle, now the country's fastest-growing loyalty program. As Target Circle members, guests will have new and exclusive ways to save throughout the season. And with the most comprehensive suite of same-day delivery and pickup options, Target will make it faster and more convenient for millions of guests to get their gifts, holiday essentials and more, the company said. As consumer preferences and shopping habits have evolved, Target has invested in training, payroll and specialty roles for store team members at its more than 1,800 locations nationwide. The effort has been designed to modernize and elevate Target's approach to guest service by creating specialized roles for its more than 300,000 team members, who now dedicate their time and expertise to a specific department, like beauty or electronics, or service, like fulfillment. This season, the retailer is adding nearly $50M in payroll compared to last holiday to make more skilled team members available to assist guests during peak holiday hours, like nights and weekends, and doubling the number of team members dedicated to fulfillment, including same-day services, so guests can get their orders in as soon as an hour. Additionally, the retailer has invested more than half a million more hours in training compared to last year to ensure its team is prepared to deliver exceptional guest service during the holiday season.

TGT Target
$111.05

-2.16 (-1.91%)

10/07/19
RAJA
10/07/19
INITIATION
RAJA
Strong Buy
Target initiated with a Strong Buy at Raymond James
10/07/19
RAJA
10/07/19
INITIATION
RAJA
Strong Buy
Target initiated with a Strong Buy at Raymond James
Raymond James analyst Matthew McClintock initiated Target (TGT) with a Strong Buy rating and $130 price target. In a research note titled 'Targeting the Retail Apocalypse Bears and Winning,' McClintock said that Target is "well positioned to take market share" from weaker retailers, and sees annual EPS growth of high-single-digit to 10% for the retailer going forward. The analyst also noted that Target, through its Shipt acquisition, has same day delivery, beating Amazon's (AMZN) next-day delivery.
10/08/19
10/08/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Target (TGT) initiated with a Strong Buy at Raymond James . 2. Tyler Technologies (TYL) initiated with an Outperform rating at Oppenheimer. 3. Kirkland Lake Gold (KL) initiated with a Neutral rating at Credit Suisse. 4. Blackstone (BX) and BlackRock (BLK) initiated with a Market Perform at BMO Capital. 5. Floor & Decor (FND) initiated with a Strong Buy at Raymond James. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/16/19
BUCK
10/16/19
NO CHANGE
Target $131
BUCK
Buy
Target price target raised to $131 from $117 at Buckingham
Buckingham analyst Bob Summers raised his price target for Target to $131 from $117 and reiterated a Buy rating, telling investors in a research note that he remains "impressed" with management's ability to consistently innovate, create strategic partnerships, broaden online and delivery capabilities, offer proprietary products and remain price competitive. The analyst continues to view the relative valuation as exceedingly compelling.

TODAY'S FREE FLY STORIES

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.