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Target Turnaround; Lowe's Dips; VF Corp Rises
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Target (TGT) shares are higher after it posted its best comparable sales growth in four years, with comparable sales gaining 5.6% last quarter. Target's strategy, which includes freshening up merchandise and stores and integrating more technology operations, is paying off under new Chief Executive Officer Michael Fiddelke.
- Lowe's (LOW) shares dipped after it reported disappointing sales growth in the first quarter and kept its full-year outlook unchanged, citing a challenging housing environment.
- VF Corp (VFC) shares are higher after the footwear and apparel company said its Vans segment’s Americas direct-to-consumer business returned to growth in the fourth quarter for the first time more than four years. Adjusted operating income was also better than expected.
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