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

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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.

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