Target's Stock Turns Up On Heavy Volume After Investor Meeting

Shares of Target Corp. turned higher in heavy trade late Tuesday, after the discount retailer held its investor meeting. The stock closed up 0.4%, after being down as much as 3.3% earlier. Volume was 12.5 million shares, close to triple the full-day average of 4.9 million shares, according to FactSet. Target said it expects to spend $1 billion in 2015 to build out its digital and supply-chain technology, and plans to spend $2 billion on share repurchases, according to a Dow Jones report. The company expects total sales growth of 2% to 3% this year, and adjusted per-share earnings of $4.45 to $4.65, Dow Jones reported, compared with the FactSet consensus analyst estimates of 2.4% and $4.45, respectively.