Target Corporation TGT 0.31% shares were up a modest 0.6 percent in early Wednesday trading after the company’s board approved a massive new $5 billion buyback plan. The new plan will begin upon completion of the current $10 billion buyback plan by the end of fiscal 2016.
Target certainly seems to be taking an aggressive approach to buying back shares, but how does its buyback strategy compare to other major retailers? Here’s a look.
- Wal-Mart Stores, Inc. WMT 0.11%: Last year, Walmart announced a plan to buy back $20 billion of its own shares over a two-year stretch.
- Kohl’s Corporation KSS 0.34%: In February, Kohl’s announced a new plan to buy back $600 million of its own stock this year.
- J C Penney Company Inc JCP 0.2%: The struggling retailer is focusing its efforts elsewhere for the time being. “We need to get at least below a three-times-leverage before we consider doing any type of buyback,” Chief Executive Officer Ed Record said back in February.
- Big Lots, Inc. BIG 2.76%: Back in March, Big Lots announced a new $250 million 2016 buyback program.
- Macy’s Inc M 0.99%: In February, Macy’s announced it would be tacking on $1.5 billion to its current buyback program. As of the end of Q4 2015, the company had…
Click here to continue reading
Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!
