Target Corp. (TGT) reported first quarter adjusted EPS of $1.05 Wednesday morning, down from $1.11 last year. The consensus estimate was for EPS of $0.87. The company expects to report second quarter adjusted EPS of $1.09 to $1.19, compared to the consensus estimate of $1.06. Target lowered its full year 2013 adjusted EPS forecast to between $4.70 and $4.90, from prior expectations of $4.85 to $5.05. The consensus estimate is for EPS of $4.50.
Target gapped open lower Wednesday and fell in early trade, before settling into a range. The stock finished down by 2.86 at $68.40 on above average volume. Target fell to a 1-month low and dropped below its 50-day moving average.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.