What Target's Earnings Mean for Mutual Fund Investors (TGT)

Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

Target store front

News

What Target's Earnings Mean for Mutual Fund Investors (TGT)

Shauna O'Brien Feb 25, 2015

Before Wednesday’s opening bell, discount retailer Target (TGT) released its fourth quarter financial results. Here’s what the results mean for mutual fund investors.

Inside TGT’s Results

Earnings

Target reported a net loss of $2.64 billion, or $4.10 per share, compared to net income of $520 million, or 81 cents per share, last year. The net loss was due to the company’s exit from Canada. Excluding its withdrawal from Canada, Target’s EPS was $1.50, compared to $1.31 last year. Analysts expected to see adjusted EPS of $1.46.

Revenue
Sales rose 4.1% to $21.75 million from $20.89 billion last year. Analysts expected to see revenue of $21.63 billion. Comparable store sales rose 3.8% during the quarter.

Outlook
Looking ahead to the first quarter, the company expects to see EPS between 95 cents and $1.05. The company said that it will provide FY2015 guidance on March 3.


Target Embraces Digital Trends

As shopping trends continue to head towards increased online buying, Target is embracing the trend by improving its online shopping experience for customers. The retailer has already cut its minimum purchase for free shipping amount from $50 to $25 – attempting to capture additional sales. In addition, Target is now revamping its apps to improve engagement with customers.

During the fourth quarter, Target’s online sales rose 30%. Currently, online sales account for 2.5%-3% of the company’s total sales.


Mutual Funds to Watch

Investors interested in TGT may consider a mutual fund as an alternative to owning the individual stock. The funds below currently hold the largest stakes in TGT.

The Bottom Line

The funds listed above allow investors to gain exposure to TGT while remaining diversified. Investors interested in TGT may also be interested in Wal-Mart (WMT) or Costco (COST) .

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Please Enter Your Email
Please Select Your Advisor Type

Popular Articles

Download Our Free Report

Why 30 trillion is invested in mutual funds book