NYSTRS Increases Holdings in High-Performing Stocks
The New York State Teachers’ Retirement System (NYSTRS), one of the ten largest public retirement systems in the U.S., recently made strategic moves to increase its holdings in certain stocks…
CVS Health to Close “Select” Pharmacies in Target Stores
CVS Health Corp. announced on Thursday that it will be closing some of its pharmacies located within Target Corp. stores in an effort to streamline its operations and focus more…
Target Introduces ‘Drive Up with Starbucks’ Nationwide
Target Corp. announced on Wednesday its plans to roll out the highly successful "Drive Up with Starbucks" service across the entire country. This expansion comes after a year-long pilot program…
Target Cuts Guidance for the Second Quarter, Blames External Conditions
(Target) Target Corporation now expects an operating margin of around 2% in the second quarter, lower compared to the 5.3% it projected earlier. The retailer said that in the second…
Target Falls 24% as Q1 2022 Earnings More Than Halves to $1.009B
(Target) Shares of Target Corporation fell more than 24% in premarket on Wednesday after net earnings fell by 51.9% from the prior year to $1.009 billion. Target grew sales by…
Target Updates Guidance as Q3 2021 Revenues Jump 13.3%
(Target) Target Corporation reported total revenue of $25.7 billion in the third quarter of 2021, a 13.3% increase from last year. Comparable sales increased by 12.7% in the third quarter,…
Target Grows First Quarter Sales by 22.9%. Issues Q2 and FY21 Guidance
Target’s comparable sales jumped 22.9% in Q1 2021 on investments in exclusive brands and services such as curbside pickup, according to the company’s press release. The company’s revenue was $24.20…