Target
Target Corporation operates as a general merchandise retailer in the United States. The last earnings update was 41 days ago. More info.
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TGT Share Price and Events
7 Day Returns
1 Year Returns
TGT Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Target (TGT) | 0.2% | 4.9% | 16.8% | 16.5% | -0.5% | 32.6% |
| US Multiline Retail | -0.4% | 4.7% | 9.9% | 12.3% | 11.6% | 24.4% |
| US Market | -0.1% | 3.7% | 10.2% | 7.6% | 38.1% | 46.4% |
1 Year Return vs Industry and Market
- TGT outperformed the Multiline Retail industry which returned 12.3% over the past year.
- TGT outperformed the Market in United States of America which returned 7.6% over the past year.
TGT Value
Is Target undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Target
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Target.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 16 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 7.5% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Multiline Retail Unlevered Beta | Simply Wall St/ S&P Global | 0.55 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.548 (1 + (1- 21%) (31.7%)) |
0.789 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%) |
7.5% |
Discounted Cash Flow Calculation for NYSE:TGT using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Target is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 7.5%) |
|
|---|---|---|---|
| 2019 | 2,393.55 | Analyst x8 | 2,226.60 |
| 2020 | 2,409.38 | Analyst x10 | 2,084.99 |
| 2021 | 2,807.43 | Analyst x8 | 2,259.99 |
| 2022 | 2,822.60 | Analyst x3 | 2,113.72 |
| 2023 | 3,112.90 | Analyst x2 | 2,168.52 |
| 2024 | 3,280.30 | Analyst x2 | 2,125.75 |
| 2025 | 3,427.49 | Est @ 4.49% | 2,066.21 |
| 2026 | 3,563.22 | Est @ 3.96% | 1,998.20 |
| 2027 | 3,691.18 | Est @ 3.59% | 1,925.58 |
| 2028 | 3,814.20 | Est @ 3.33% | 1,850.97 |
| Present value of next 10 years cash flows | $20,820.53 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $3,814.20 × (1 + 2.73%) ÷ (7.5% – 2.73%) |
$82,179.63 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $82,179.63 ÷ (1 + 7.5%)10 |
$39,880.48 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $20,820.53 + $39,880.48 |
$60,701.01 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $60,701.01 / 516.33 |
$117.56 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $117.56 |
| Current discount | Discount to share price of
$82.16
= -1 x ($82.16 - $117.56) / $117.56 |
30.1% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Target's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Target's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Target's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Target's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-02-02) in USD | $5.54 |
| NYSE:TGT Share Price ** | NYSE (2019-04-23) in USD | $82.16 |
| United States of America Multiline Retail Industry PE Ratio | Median Figure of 8 Publicly-Listed Multiline Retail Companies | 13.16x |
| United States of America Market PE Ratio | Median Figure of 3,080 Publicly-Listed Companies | 18.03x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Target.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:TGT Share Price ÷ EPS (both in USD) = 82.16 ÷ 5.54 |
14.82x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Target is overvalued based on earnings compared to the US Multiline Retail industry average.
- Target is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Target's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 14.82x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts |
3.6%per year |
| United States of America Multiline Retail Industry PEG Ratio | Median Figure of 8 Publicly-Listed Multiline Retail Companies | 1.61x |
| United States of America Market PEG Ratio | Median Figure of 2,109 Publicly-Listed Companies | 1.55x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 14.82x ÷ 3.6% |
4.1x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Target is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Target's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-02-02) in USD | $21.82 |
| NYSE:TGT Share Price * | NYSE (2019-04-23) in USD | $82.16 |
| United States of America Multiline Retail Industry PB Ratio | Median Figure of 12 Publicly-Listed Multiline Retail Companies | 2.08x |
| United States of America Market PB Ratio | Median Figure of 5,185 Publicly-Listed Companies | 1.92x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:TGT Share Price ÷ Book Value per Share (both in USD) = 82.16 ÷ 21.82 |
3.77x |
* Primary Listing of Target.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Target is overvalued based on assets compared to the US Multiline Retail industry average.
Value checks
We assess Target's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Multiline Retail industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Multiline Retail industry average (and greater than 0)? (1 check) Target has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
TGT Future Performance
How is Target expected to perform in the next 1 to 3 years based on estimates from 16 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Target's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Target's earnings growth is positive but not above the United States of America market average.
- Target's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:TGT Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts | 3.6% |
| NYSE:TGT Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts | 2.9% |
| United States of America Multiline Retail Industry Earnings Growth Rate | Market Cap Weighted Average | 12.4% |
| United States of America Multiline Retail Industry Revenue Growth Rate | Market Cap Weighted Average | 3.7% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.5% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 16 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2024-01-31 | 87,237 | 6,531 | 3,582 | 3 |
| 2023-01-31 | 84,962 | 6,428 | 3,426 | 3 |
| 2022-01-31 | 82,137 | 6,158 | 3,122 | 6 |
| 2021-01-31 | 80,130 | 6,005 | 3,104 | 14 |
| 2020-01-31 | 77,806 | 5,671 | 2,992 | 16 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-02-02 | 75,356 | 5,973 | 2,930 |
| 2018-11-03 | 74,527 | 6,052 | 3,240 |
| 2018-08-04 | 73,580 | 6,721 | 3,099 |
| 2018-05-05 | 72,437 | 6,132 | 2,970 |
| 2018-02-03 | 72,714 | 6,935 | 2,908 |
| 2017-10-28 | 70,421 | 7,050 | 2,642 |
| 2017-07-29 | 69,988 | 6,874 | 2,775 |
| 2017-04-29 | 69,522 | 6,494 | 2,730 |
| 2017-01-28 | 70,271 | 5,444 | 2,666 |
| 2016-10-29 | 70,431 | 5,000 | 3,268 |
| 2016-07-30 | 71,603 | 4,583 | 3,136 |
| 2016-04-30 | 72,862 | 4,594 | 3,284 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 16 Analyst Estimates (S&P Global) | See Below |
All data from Target Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2024-01-31 | 7.91 | 8.20 | 7.62 | 2.00 |
| 2023-01-31 | 7.31 | 7.51 | 7.10 | 2.00 |
| 2022-01-31 | 6.56 | 6.93 | 6.27 | 4.00 |
| 2021-01-31 | 6.21 | 6.44 | 5.80 | 11.00 |
| 2020-01-31 | 5.83 | 5.95 | 5.75 | 12.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-02-02 | 5.54 |
| 2018-11-03 | 6.07 |
| 2018-08-04 | 5.75 |
| 2018-05-05 | 5.47 |
| 2018-02-03 | 5.32 |
| 2017-10-28 | 4.79 |
| 2017-07-29 | 4.97 |
| 2017-04-29 | 4.82 |
| 2017-01-28 | 4.62 |
| 2016-10-29 | 5.54 |
| 2016-07-30 | 5.19 |
| 2016-04-30 | 5.32 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Target's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Target has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
TGT Past Performance
How has Target performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Target's year on year earnings growth rate has been positive over the past 5 years.
- Target's 1-year earnings growth is less than its 5-year average (0.9% vs 2.5%)
- Target's earnings growth has exceeded the US Multiline Retail industry average in the past year (0.9% vs -2.8%).
Earnings and Revenue History
All data from Target Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-02-02 | 75,356.00 | 2,930.00 | 15,606.00 | |
| 2018-11-03 | 74,527.00 | 3,240.00 | 14,848.00 | |
| 2018-08-04 | 73,580.00 | 3,099.00 | 14,635.00 | |
| 2018-05-05 | 72,437.00 | 2,970.00 | 14,349.00 | |
| 2018-02-03 | 72,714.00 | 2,908.00 | 14,990.00 | |
| 2017-10-28 | 70,421.00 | 2,642.00 | 14,162.00 | |
| 2017-07-29 | 69,988.00 | 2,775.00 | 13,774.00 | |
| 2017-04-29 | 69,522.00 | 2,730.00 | 13,513.00 | |
| 2017-01-28 | 70,271.00 | 2,666.00 | 14,086.00 | |
| 2016-10-29 | 70,431.00 | 3,268.00 | 13,650.00 | |
| 2016-07-30 | 71,603.00 | 3,136.00 | 13,952.00 | |
| 2016-04-30 | 72,862.00 | 3,284.00 | 14,215.00 | |
| 2016-01-30 | 73,785.00 | 3,321.00 | 14,473.00 | |
| 2015-10-31 | 73,909.00 | 2,860.00 | 14,476.00 | |
| 2015-08-01 | 73,550.00 | 2,911.00 | 14,489.00 | |
| 2015-05-02 | 73,080.00 | 2,529.00 | 14,625.00 | |
| 2015-01-31 | 72,618.00 | 2,449.00 | 14,552.00 | |
| 2014-11-01 | 71,066.00 | 2,732.00 | 13,918.00 | |
| 2014-08-02 | 71,070.00 | 2,546.00 | 14,126.00 | |
| 2014-05-03 | 71,230.00 | 2,767.00 | 14,203.00 | |
| 2014-02-01 | 71,279.00 | 2,694.00 | 14,365.00 | |
| 2013-11-02 | 73,807.00 | 2,412.00 | 15,331.00 | |
| 2013-08-03 | 73,478.00 | 2,708.00 | 15,183.00 | |
| 2013-05-04 | 73,140.00 | 2,800.00 | 15,075.00 | |
| 2013-02-02 | 73,301.00 | 3,315.00 | 14,606.00 | |
| 2012-10-27 | 71,863.00 | 3,019.00 | 14,562.00 | |
| 2012-07-28 | 71,336.00 | 2,937.00 | 14,382.00 | |
| 2012-04-28 | 70,797.00 | 2,937.00 | 14,265.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Whilst Target has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
- Target used its assets less efficiently than the US Multiline Retail industry average last year based on Return on Assets.
- Target's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Target's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Multiline Retail industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Target has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
TGT Health
How is Target's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Target's finances.
The net worth of a company is the difference between its assets and liabilities.
- Target's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Target's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Target Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-02-02 | 11,297.00 | 13,448.00 | 1,556.00 |
| 2018-11-03 | 11,080.00 | 13,860.00 | 825.00 |
| 2018-08-04 | 11,167.00 | 13,344.00 | 1,180.00 |
| 2018-05-05 | 11,158.00 | 13,557.00 | 1,060.00 |
| 2018-02-03 | 11,651.00 | 13,476.00 | 2,643.00 |
| 2017-10-28 | 11,137.00 | 12,631.00 | 2,725.00 |
| 2017-07-29 | 11,098.00 | 12,246.00 | 2,291.00 |
| 2017-04-29 | 11,021.00 | 12,803.00 | 2,680.00 |
| 2017-01-28 | 10,953.00 | 12,749.00 | 2,512.00 |
| 2016-10-29 | 11,069.00 | 12,826.00 | 1,231.00 |
| 2016-07-30 | 11,577.00 | 12,710.00 | 1,480.00 |
| 2016-04-30 | 12,545.00 | 14,226.00 | 4,041.00 |
| 2016-01-30 | 12,957.00 | 12,768.00 | 4,046.00 |
| 2015-10-31 | 13,256.00 | 12,788.00 | 1,996.00 |
| 2015-08-01 | 13,942.00 | 12,740.00 | 2,767.00 |
| 2015-05-02 | 14,174.00 | 12,786.00 | 2,768.00 |
| 2015-01-31 | 13,997.00 | 12,749.00 | 2,210.00 |
| 2014-11-01 | 16,373.00 | 14,332.00 | 780.00 |
| 2014-08-02 | 16,433.00 | 14,189.00 | 803.00 |
| 2014-05-03 | 16,486.00 | 14,124.00 | 716.00 |
| 2014-02-01 | 16,231.00 | 12,611.00 | 670.00 |
| 2013-11-02 | 16,156.00 | 14,830.00 | 708.00 |
| 2013-08-03 | 16,020.00 | 14,533.00 | 1,018.00 |
| 2013-05-04 | 16,520.00 | 14,267.00 | 1,820.00 |
| 2013-02-02 | 16,558.00 | 17,648.00 | 784.00 |
| 2012-10-27 | 16,352.00 | 18,617.00 | 1,480.00 |
| 2012-07-28 | 15,897.00 | 18,583.00 | 1,461.00 |
| 2012-04-28 | 15,863.00 | 17,520.00 | 690.00 |
- Target's level of debt (119%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (77.9% vs 119% today).
- Debt is well covered by operating cash flow (44.4%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 9.2x coverage).
Financial health checks
We assess Target's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Target has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
TGT Dividends
What is Target's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Target
shares you are expected to receive
$62
in your first year as a dividend.
Dividend Amount
- Target's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
- Target's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
Upcoming dividend payment
Purchase Target before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 16 Analyst Estimates (S&P Global) | See Below |
| United States of America Multiline Retail Industry Average Dividend Yield | Market Cap Weighted Average of 7 Stocks | 2.8% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2008 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2024-01-31 | ||
| 2023-01-31 | ||
| 2022-01-31 | 2.94 | 4.00 |
| 2021-01-31 | 2.71 | 8.00 |
| 2020-01-31 | 2.62 | 9.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-14 | 2.560 | 3.197 |
| 2019-01-10 | 2.560 | 3.542 |
| 2018-09-19 | 2.560 | 3.363 |
| 2018-08-27 | 2.560 | 2.910 |
| 2018-08-22 | 2.560 | 2.955 |
| 2018-03-15 | 2.480 | 3.303 |
| 2018-01-11 | 2.480 | 3.342 |
| 2017-09-21 | 2.480 | 4.075 |
| 2017-06-14 | 2.480 | 4.513 |
| 2017-03-09 | 2.400 | 4.362 |
| 2017-01-12 | 2.400 | 3.783 |
| 2016-09-21 | 2.400 | 3.346 |
| 2016-06-08 | 2.400 | 3.373 |
| 2016-03-10 | 2.240 | 2.888 |
| 2016-01-14 | 2.240 | 3.057 |
| 2015-09-11 | 2.240 | 2.990 |
| 2015-06-10 | 2.240 | 2.778 |
| 2015-03-13 | 2.080 | 2.581 |
| 2015-01-15 | 2.080 | 2.724 |
| 2014-09-10 | 2.080 | 3.098 |
| 2014-06-11 | 2.080 | 3.499 |
| 2014-03-13 | 1.720 | 2.911 |
| 2014-01-09 | 1.720 | 2.933 |
| 2013-09-12 | 1.720 | 2.692 |
| 2013-06-12 | 1.720 | 2.498 |
| 2013-03-14 | 1.440 | 2.077 |
| 2013-01-10 | 1.440 | 2.290 |
| 2012-09-13 | 1.440 | 2.310 |
| 2012-06-13 | 1.440 | 2.351 |
| 2012-03-15 | 1.200 | 2.096 |
| 2012-01-12 | 1.200 | 2.255 |
| 2011-09-14 | 1.200 | 2.309 |
| 2011-06-08 | 1.200 | 2.438 |
| 2011-03-10 | 1.000 | 2.006 |
| 2011-01-13 | 1.000 | 1.866 |
| 2010-09-09 | 1.000 | 1.796 |
| 2010-06-09 | 1.000 | 1.939 |
| 2010-03-11 | 0.680 | 1.241 |
| 2010-01-14 | 0.680 | 1.336 |
| 2009-09-10 | 0.680 | 1.405 |
| 2009-06-11 | 0.680 | 1.627 |
| 2009-04-24 | 0.640 | 1.564 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Target's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (2.2x coverage).
- Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
Income/ dividend checks
We assess Target's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Target afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Target has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
TGT Management
CEO
| COMPENSATION | $8,399,209 |
| AGE | 59 |
| TENURE AS CEO | 4.7 years |
CEO Bio
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 Officer of Target Corporation since August 12, 2014. Mr. Cornell served as the Chief Executive Officer of PepsiCo Americas Foods at Pepsico, Inc. from March 12, 2012 to July 30, 2014. Mr. Cornell served as the Chief Executive Officer and President of Sam's Club (now Sam's West, Inc.) of Wal-Mart International since April 3, 2009 until January 31, 2012. He served as an Associate of Sam's West, Inc since February 1, 2012. He served as the Chief Executive Officer of Michaels Stores, Inc. from June 4, 2007 to April 2, 2009. He served as the Chief Marketing Officer and Executive Vice President of Safeway Inc. from April 23, 2004 to June 1, 2007. He served as an Executive Officer of Wal-Mart Stores Inc. since January 31, 2012 and Executive Vice President until January 31, 2012. He has more than 30 years of experience at leading retail and global consumer product companies. He has been a Director of Target Corp. since 2014. He has been a Director of Centerplate, Inc. since August 2010. He serves as Director of Kirin-Tropicana, Inc. He served as a Director of Polaris Industries Inc. from November 19, 2012 to July 23, 2015. He served as a Director of The Home Depot, Inc. from January 2008 to March 9, 2009 and OfficeMax Incorporated from December 10, 2004 to April 14, 2007. He serves on the Anderson School Board of Visitors. Mr. Cornell earned a BA degree from the University of California, Los Angeles in 1981 and attended Anderson School of Management.
CEO Compensation
- Brian's compensation has been consistent with company performance over the past year.
- Brian's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Target management team in years:
- The tenure for the Target management team is about average.
Management Team
Brian Cornell
Chairman & CEO
$8M
59
4.7 yrs
Cathy Smith
Executive VP & CFO
$3M
54
3.6 yrs
John Mulligan
Executive VP & COO
$4M
52
3.6 yrs
Mike McNamara
Executive VP & Chief Information Officer
$3M
53
2.6 yrs
Janna Potts
Executive VP & Chief Stores Officer
$3M
50
9.7 yrs
Robert Harrison
Senior VP
John Hulbert
Vice President of Investor Relations
Don Liu
Executive VP
$8M
56
2.7 yrs
Katie Boylan
Senior VP & Chief Communications Officer
1.8 yrs
Rick Gomez
Executive VP and Chief Marketing & Digital Officer
48
2.3 yrs
Board of Directors Tenure
Average tenure and age of the Target board of directors in years:
- The tenure for the Target board of directors is about average.
Board of Directors
Brian Cornell
Chairman & CEO
$8M
59
4.7 yrs
Roxanne Austin
Independent Director
$125K
57
17.3 yrs
Mary Minnick
Independent Director
59
13.7 yrs
Doug Baker
Lead Independent Director
$160K
59
Ken Salazar
Independent Director
$128K
63
5.8 yrs
Robert Edwards
Independent Director
$128K
62
3.7 yrs
Calvin Darden
Independent Director
$112K
68
16.3 yrs
Henrique De Castro
Independent Director
52
6.3 yrs
Don Knauss
Independent Director
$112K
67
3.7 yrs
Melanie Healey
Independent Director
$112K
57
3.4 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 12. Apr 19 | Sell | Catherine Smith | Individual | 11. Apr 19 | 11. Apr 19 | -20,000 | $80.83 | $-1,616,594 | ||
| 11. Apr 19 | Sell | Robert Harrison | Individual | 11. Apr 19 | 11. Apr 19 | -1,791 | $80.28 | $-143,776 | ||
| 28. Mar 19 | Sell | Michael McNamara | Individual | 26. Mar 19 | 26. Mar 19 | -5,186 | $79.18 | $-410,609 | ||
| 10. Oct 18 | Sell | Stephanie Lundquist | Individual | 09. Oct 18 | 09. Oct 18 | -2,100 | $86.00 | $-180,600 | ||
Management checks
We assess Target's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Target has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
TGT News
Simply Wall St News
Are Target Corporation’s (NYSE:TGT) Returns Worth Your While?
In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.
Simply Wall St - – Full articleShould You Be Excited About Target Corporation's (NYSE:TGT) 26% Return On Equity?
This article is for those who would like to learn about Return On Equity (ROE). … Our data shows Target has a return on equity of 26% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleIs Target Corporation's (NYSE:TGT) CEO Paid At A Competitive Rate?
This analysis aims first to contrast CEO compensation with other large companies. … At the time of writing our data says that Target Corporation has a market cap of US$40b, and is paying total annual CEO compensation of US$8.4m. … We took a group of companies with market capitalizations over US$8.0b, and calculated the median CEO total compensation to be US$11m
Simply Wall St - – Full articleHere's What Target Corporation's (NYSE:TGT) P/E Is Telling Us
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Target has a price to earnings ratio of 13.91, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleWho Has Been Selling Target Corporation (NYSE:TGT) Shares?
So we'll take a look at whether insiders have been buying or selling shares in Target Corporation (NYSE:TGT). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Target Insider Transactions Over The Last Year.
Simply Wall St - – Full articleDid Target's Share Price Deserve to Gain 19%?
Unfortunately for shareholders, while the Target Corporation (NYSE:TGT) share price is up 19% in the last five years, that's less than the market return. … During five years of share price growth, Target achieved compound earnings per share (EPS) growth of 3.8% per year. … So the EPS growth rate is rather close to the annualized share price gain of 3.5% per year.
Simply Wall St - – Full articleTarget Corporation (NYSE:TGT): What’s In It For The Shareholders?
Two important questions to ask before you buy Target Corporation (NYSE:TGT) is, how it makes money and how it spends its cash. … I’ve analysed below, the health and outlook of Target’s cash flow, which will help you understand the stock from a cash standpoint. … Free cash flow (FCF) is the amount of cash Target has left after it pays off its expenses, including its net capital expenditures, which is what the company needs to spend each year to maintain or grow its business operations.
Simply Wall St - – Full articleHow Financially Strong Is Target Corporation (NYSE:TGT)?
One reason being its ‘too big to fail’ aura which gives it the appearance of a strong and stable investment. … I will provide an overview of Target’s financial liquidity and leverage to give you an idea of Target’s position to take advantage of potential acquisitions or comfortably endure future downturns. … Note that this commentary is very high-level and solely focused on financial health, so I suggest you dig deeper yourself
Simply Wall St - – Full articleIs There An Opportunity With Target Corporation's (NYSE:TGT) 23.81% Undervaluation?
In this article I am going to calculate the intrinsic value of Target Corporation (NYSE:TGT). … by taking the expected future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model
Simply Wall St - – Full articleWhat Kind Of Shareholder Owns Most Target Corporation (NYSE:TGT) Stock?
The big shareholder groups in Target Corporation (NYSE:TGT) have power over the company. … Generally speaking, as a company grows, institutions will increase their ownership. … Taking a look at the our data on the ownership groups (below), it's seems that.
Simply Wall St - – Full articleTGT Company Info
Description
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 frozen items; and apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise. The company also provides in-store amenities, such as Target Café, Target Optical, Starbucks, and other food service offerings. It sells its products through its stores; and digital channels, including Target.com. As of February 2, 2019, the company operated 1,844 stores. Target Corporation was founded in 1902 and is headquartered in Minneapolis, Minnesota.
Details
| Name: | Target Corporation |
| TGT | |
| Exchange: | NYSE |
| Founded: | 1902 |
| $42,421,936,780 | |
| 516,333,213 | |
| Website: | http://investors.target.com |
| Address: |
Target Corporation 1000 Nicollet Mall, Minneapolis, Minnesota, 55403, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | TGT | Common Shares | New York Stock Exchange | US | USD | 02. Jan 1969 | |
| DB | DYH | Common Shares | Deutsche Boerse AG | DE | EUR | 02. Jan 1969 | |
| LSE | 0LD8 | Common Shares | London Stock Exchange | GB | USD | 02. Jan 1969 | |
| SNSE | TGT | Common Shares | Santiago Stock Exchange | CL | USD | 02. Jan 1969 | |
| BMV | TGT * | Common Shares | Bolsa Mexicana de Valores | MX | MXN | 02. Jan 1969 | |
| BASE | TGT | CEDEAR EACH 4 REP 1 COM USD0.0833 | Buenos Aires Stock Exchange | AR | ARS | 12. Apr 2019 | |
| BOVESPA | TGTB34 | EACH BDR REPR 1 COM STK USD0.0833 | Bolsa de Valores de Sao Paulo | BR | BRL | 24. Aug 2015 |
Number of employees
Current staff
Industry
| General Merchandise Stores | |
| Retail |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/23 23:45 |
| End of day share price update: | 2019/04/23 00:00 |
| Last estimates confirmation: | 2019/04/18 |
| Last earnings filing: | 2019/03/13 |
| Last earnings reported: | 2019/02/02 |
| Last annual earnings reported: | 2019/02/02 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
