Target
Market Cap
US$58.1b
Last Updated
2019/10/21 23:43 UTC
Data Sources
Company Financials +
Executive Summary
Target Corporation operates as a general merchandise retailer in the United States.
Snowflake
Fundamentals
Established dividend payer with proven track record.
Similar Companies
Share Price & News
How has Target's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
2.3%
TGT
1.4%
US Multiline Retail
1.0%
US Market
1 Year Return
36.6%
TGT
16.6%
US Multiline Retail
8.0%
US Market
Return vs Industry: TGT exceeded the US Multiline Retail industry which returned 16.6% over the past year.
Return vs Market: TGT exceeded the US Market which returned 8% over the past year.
Shareholder returns
| TGT | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.3% | 1.4% | 1.0% |
| 30 Day | 6.6% | 5.5% | -0.07% |
| 90 Day | 28.4% | 13.7% | -1.0% |
| 1 Year | 41.3%36.6% | 19.6%16.6% | 10.4%8.0% |
| 3 Year | 85.6%66.5% | 57.6%45.9% | 46.2%36.7% |
| 5 Year | 118.5%84.7% | 59.0%38.9% | 64.3%46.2% |
Price Volatility Vs. Market
How volatile is Target's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Target (NYSE:TGT) Seems To Use Debt Quite Sensibly2 weeks ago | Simply Wall St
Target Corporation (NYSE:TGT) Has Attractive Fundamentals1 month ago | Simply Wall St
Does Target Corporation's (NYSE:TGT) Past Performance Indicate A Stronger Future?Valuation
Is Target undervalued compared to its fair value and its price relative to the market?
25.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TGT ($113.68) is trading below our estimate of fair value ($152.71)
Significantly Below Fair Value: TGT is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: TGT is poor value based on its PE Ratio (18.7x) compared to the Multiline Retail industry average (12.6x).
PE vs Market: TGT is poor value based on its PE Ratio (18.7x) compared to the US market (17.6x).
Price to Earnings Growth Ratio
PEG Ratio: TGT is poor value based on its PEG Ratio (4.4x)
Price to Book Ratio
PB vs Industry: TGT is overvalued based on its PB Ratio (4.9x) compared to the US Multiline Retail industry average (1.4x).
Next Steps
Future Growth
How is Target forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
4.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TGT's forecast earnings growth (4.3% per year) is above the savings rate (2.7%).
Earnings vs Market: TGT's earnings (4.3% per year) are forecast to grow slower than the US market (14.5% per year).
High Growth Earnings: TGT's earnings are forecast to grow, but not significantly.
Revenue vs Market: TGT's revenue (3.1% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: TGT's revenue (3.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TGT's Return on Equity is forecast to be high in 3 years time (26.8%)
Next Steps
Past Performance
How has Target performed over the past 5 years?
2.5%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: TGT's earnings have grown by 2.5% per year over the past 5 years.
Accelerating Growth: TGT's earnings growth over the past year (2.2%) is below its 5-year average (2.5% per year).
Earnings vs Industry: TGT earnings growth over the past year (2.2%) exceeded the Multiline Retail industry -14.9%.
Return on Equity
High ROE: TGT's Return on Equity (26.6%) is considered high.
Return on Assets
ROA vs Industry: TGT has a higher Return on Assets than the Multiline Retail industry average last year.
Return on Capital Employed
ROCE Improving: TGT's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Target's financial position?
Financial Position Analysis
Short Term Liabilities: TGT's short term assets ($12.1B) do not cover its short term liabilities ($14.4B)
Long Term Liabilities: TGT's short term assets (12.1B) do not cover its long term liabilities (15.4B)
Debt to Equity History and Analysis
Debt Level: TGT's debt to equity ratio (97.3%) is considered high
Reducing Debt: TGT's debt to equity ratio has increased from 86.4% to 97.3% over the past 5 years.
Debt Coverage: TGT's debt is well covered by operating cash flow (52.6%).
Interest Coverage: TGT's interest payments on its debt are well covered by EBIT (9.5x coverage).
Balance Sheet
Inventory Level: TGT has a high level of physical assets or inventory.
Debt Coverage by Assets: TGT's debt is covered by short term assets (assets are 1.052170x debt).
Next Steps
Dividend
What is Target's current dividend yield, its reliability and sustainability?
2.32%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Target before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: TGT's dividend (2.32%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: TGT's dividend (2.32%) is low compared to the top 25% of dividend payers in the US market (3.68%).
Stable Dividend: TGT's dividends per share have been stable in the past 10 years.
Growing Dividend: TGT's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (42.2%), TGT's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TGT's dividends in 3 years are forecast to be well covered by earnings (37.6% payout ratio).
Next Steps
Management
What is the CEO of Target's salary, the management and board of directors tenure and is there insider trading?
3.1yrs
Average management tenure
CEO
Brian Cornell (60yo)
5.2yrs
Tenure
US$17,204,069
Compensation
Mr. Brian C. Cornell has been Independent Director and Non-Executive Chairman of Yum! Brands, Inc. since September 18, 2015 and November 16, 2018 respectively. He has been the Chairman and Chief Executive ...
CEO Compensation Analysis
Compensation vs. Market: Brian's total compensation ($USD17.20M) is about average for companies of similar size in the US market ($USD11.18M).
Compensation vs Earnings: Brian's compensation has increased by more than 20% in the past year.
Management Age and Tenure
3.1yrs
Average Tenure
54yo
Average Age
Experienced Management: TGT's management team is considered experienced (3.1 years average tenure).
Board Age and Tenure
5.7yrs
Average Tenure
60yo
Average Age
Experienced Board: TGT's board of directors are considered experienced (5.7 years average tenure).
Insider Trading
Insider Buying: TGT insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Information Officer Executive VP & Chief Information Officer |
| Shares | 20,386 |
| Max Price | US$108.25 |
| Entity | Individual |
| Shares | 15,000 |
| Max Price | US$105.00 |
| Entity | Individual |
| Role | Chief Operating Officer Executive VP & COO |
| Shares | 4,855 |
| Max Price | US$104.69 |
| Entity | Individual |
| Role | Chief Financial Officer Executive VP & CFO |
| Shares | 8,412 |
| Max Price | US$104.40 |
| Entity | Individual |
| Role | Chief Accounting Officer Senior VP |
| Shares | 5,018 |
| Max Price | US$104.66 |
| Entity | Individual |
| Shares | 9,540 |
| Max Price | US$106.50 |
| Entity | Individual |
| Role | Chief Information Officer Executive VP & Chief Information Officer |
| Shares | 11,891 |
| Max Price | US$88.79 |
| Entity | Individual |
| Role | Chief Financial Officer Executive VP & CFO |
| Shares | 20,000 |
| Max Price | US$80.83 |
| Entity | Individual |
| Role | Chief Accounting Officer Senior VP |
| Shares | 1,791 |
| Max Price | US$80.28 |
| Entity | Individual |
| Role | Chief Information Officer Executive VP & Chief Information Officer |
| Shares | 5,186 |
| Max Price | US$79.18 |
Ownership Breakdown
Management Team
Don Liu (57yo)
Executive VP
- Tenure: 3.2yrs
- Compensation: US$4.33m
Brian Cornell (60yo)
Chairman & CEO
- Tenure: 5.2yrs
- Compensation: US$17.20m
Cathy Smith (55yo)
Executive VP & CFO
- Tenure: 4.1yrs
- Compensation: US$5.58m
Rick Gomez (49yo)
Executive VP and Chief Marketing & Digital Officer
- Tenure: 2.8yrs
Mike McNamara (54yo)
Executive VP & Chief Information Officer
- Tenure: 3.1yrs
- Compensation: US$5.36m
John Mulligan (53yo)
Executive VP & COO
- Tenure: 4.1yrs
- Compensation: US$8.58m
John Hulbert
Vice President of Investor Relations
- Tenure: 0yrs
Robert Harrison
Senior VP
- Tenure: 0yrs
Katie Boylan
Senior VP & Chief Communications Officer
- Tenure: 2.3yrs
Melissa Kremer (41yo)
Executive VP & Chief HR Officer
- Tenure: 0.8yrs
Board Members
Don Knauss (68yo)
Independent Director
- Tenure: 4.2yrs
- Compensation: US$280.05k
Roxanne Austin (58yo)
Independent Director
- Tenure: 17.8yrs
- Compensation: US$300.05k
Robert Edwards (63yo)
Independent Director
- Tenure: 4.2yrs
- Compensation: US$310.05k
Calvin Darden (69yo)
Independent Director
- Tenure: 16.8yrs
- Compensation: US$280.05k
Mary Minnick (60yo)
Independent Director
- Tenure: 14.2yrs
- Compensation: US$295.05k
Doug Baker (60yo)
Lead Independent Director
- Tenure: 4.8yrs
- Compensation: US$325.05k
Brian Cornell (60yo)
Chairman & CEO
- Tenure: 5.2yrs
- Compensation: US$17.20m
Melanie Healey (58yo)
Independent Director
- Tenure: 3.9yrs
- Compensation: US$280.05k
Ken Salazar (64yo)
Independent Director
- Tenure: 6.3yrs
- Compensation: US$295.05k
Henrique De Castro (53yo)
Independent Director
- Tenure: 6.8yrs
- Compensation: US$280.05k
Company Information
Target Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Target Corporation
- Ticker: TGT
- Exchange: NYSE
- Founded: 1902
- Industry: General Merchandise Stores
- Sector: Retail
- Market Cap: US$58.082b
- Shares outstanding: 510.93m
- Website: https://investors.target.com
Number of Employees
Location
- Target Corporation
- 1000 Nicollet Mall
- Minneapolis
- Minnesota
- 55403
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TGT | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Jan 1969 |
| TGT * | BMV (Bolsa Mexicana de Valores) | Yes | Common Shares | MX | MXN | Jan 1969 |
| DYH | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jan 1969 |
| TGT | SNSE (Santiago Stock Exchange) | Yes | Common Shares | CL | USD | Jan 1969 |
| 0LD8 | LSE (London Stock Exchange) | Yes | Common Shares | GB | USD | Jan 1969 |
| TGTB34 | BOVESPA (Bolsa de Valores de Sao Paulo) | EACH BDR REPR 1 COM STK USD0.0833 | BR | BRL | Aug 2015 | |
| TGT | BASE (Buenos Aires Stock Exchange) | CEDEAR EACH 4 REP 1 COM USD0.0833 | AR | ARS | Apr 2019 |
Biography
Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and froz ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/21 23:43 |
| End of Day Share Price | 2019/10/21 00:00 |
| Earnings | 2019/08/03 |
| Annual Earnings | 2019/02/02 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.