Target says may have ability to resume share repurchase activity later this year

Says has seen sustained improvement in multiple business drivers. Says business trends continue to stabilize. Says planning additional price cuts to thousands of more items. Says facing continued uncertainty in the near term Says will recommend board approve a small increase in quarterly dividend. Says may have ability to resume share repurchase activity later this year. Says not satisfied with results in Q1. Says wont be satisfied until the company sees positive comps. Says feels good about initial reaction from guests regarding Target Circle. Comments taken from Q1 earnings conference call.