Target Falls, Hertz Shares Jump, La-Z-Boy Tumbles
On this episode of Stock Movers:
- Target (TGT) shares fell 6.7% in premarket trading after it reaffirmed its sales forecast for the full year, saying it still sees a sales decline of low-single digit percentage compared to the average analyst estimate of 1.71% decline. The big box retailer also named current Chief Operating Officer Michael Fiddelke to succeed Brian Cornell as the company’s next CEO.
- Hertz (HTZ) shares climb as much as 18% in premarket trading after CNBC reported that the car-rental company will start selling pre-owned cars on Amazon Autos.
- La-Z-Boy (LZB) shares tumble 24% in premarket trading after the home furniture retailer posted weaker-than-expected first-quarter adjusted earnings per share. KeyBanc notes that the recliner company fell short of its tepid pre-announcement as well.
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