Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Target Corporation (TGT - Analyst Report), the operator of general merchandise and food discount stores in the United States, registered a 3.1% increase in its comparable-store sales (comps) for Jan 2013, surpassing analysts’ expectations.

Results also improved sequentially as Target registered flat comps in Dec 2012. The company stated that the rise in comparable-store transactions and increase in average transaction size boosted the results.

With consumers regaining confidence, Jan 2013 was strong on the whole for most retailers, with other players including Kohl's Corp. (KSS - Analyst Report), Nordstrom Inc (JWN - Analyst Report) and Macy’s Inc (M - Analyst Report) registering comps growth of over 10%.

Category wise, Target reported solid sales in Food and Health and Beauty, both rising in the mid-single digit, while apparel and hardlines witnessed sales decline.

Net retail sales for this Zacks Rank #3 (Hold) company jumped 29.6% to $6 billion in Jan 2013 from $4.6 billion reported in the year-ago period. Quarter-to-date and year to date, net retail sales increased 6.8% and 5.1% to $22.4 billion and $72 billion, respectively, while comps increased 0.4% and 2.7%, respectively.

Going forward, the company plans to introduce a new section dedicated to grocery at its stores as part of its P-fresh remodel program, which facilitates the company to sustain sales momentum and continue to drive traffic through fresh offerings and enhanced customer shopping experience.

Alongside, Target is seeking promising expansion opportunities in international markets such as Canada and Latin America and revealed its plans to introduce smaller-format stores called CityTarget. Moreover, Target announced its year-round price matching policy with the aim of offering its patrons the facility to match the prices being offered by online retail giants.

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
LAKE SHORE G LSG 0.77 +6.05%
SKECHERS USA SKX 38.53 +4.50%
QUESTCOR PHA QCOR 80.07 +2.47%
VIPSHOP HOLD VIPS 156.35 +1.82%
ENLINK MIDS ENLC 36.29 +1.60%