OverviewSuggest Edit
Target is a general merchandise retailer. The company offers food assortment, including perishables, dry grocery, dairy, and frozen items. It also provides beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies. In addition, Target distributes apparel for women, men, children, intimate apparel, jewelry, accessories, and shoes, as well as home furnishings and decor comprising furniture.
| Type | Public | |
| Founded | 1962 | |
| HQ | Minneapolis, US | Map |
| Website | target.com | |
| Overall Culture | B | More |
Key People/Management at Target
Brian Cornell
Board Chairman and CEO
John J. Mulligan
Executive Vice President and Chief Operating Officer
Katie Boylan
Senior Vice President and Chief Communications Officer
Dawn Block
Senior Vice President, Digital
Kristi Argyilan
Senior Vice President and President, Roundel
Rick Gomez
Executive Vice President, Chief Marketing, Digital and Strategy Officer
Target Office Locations
Target has offices in Minneapolis, Brooklyn Park, San Francisco, Sunnyvale and in 3 other locations
Minneapolis, US (HQ)
1000 Nicollet Mall
Brooklyn Park, US
7000 Target Pkwy
San Francisco, US
101 Howard St #350, San Francisco
Sunnyvale, US
100 Mathilda Pl
Tempe, US
8550 S Priest Dr
Bengaluru, IN
No. C-2, Manyata Embassy Business Park, Outer Ring Rd, MS Ramaiah North City, Rachenahalli, Nagavara
Target Financials and Metrics
Target Revenue
Target's revenue was reported to be $78.11 b in FY, 2019 which is a 3.7% increase from the previous period.
| USD | |
|---|---|
Revenue (Q2, 2020) | 23.0b |
Gross profit (Q2, 2020) | 7.3b |
Gross profit margin (Q2, 2020), % | 31.8% |
Net income (Q2, 2020) | 1.7b |
EBIT (Q2, 2020) | 2.3b |
Market capitalization (26-Nov-2020) | 90.0b |
Closing stock price (26-Nov-2020) | 179.8 |
Cash (1-Aug-2020) | 7.3b |
EV | 99.3b |
Target's current market capitalization is $90 b.
Annual
Quarterly
| USD | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 17.1b | 17.4b | 17.6b | 16.2b | 16.2b | 16.4b | 16.0b | 16.4b | 16.7b | 16.8b | 17.8b | 17.8b | 17.6b | 18.4b | 18.7b | 19.6b | 23.0b |
Cost of goods sold | 11.9b | 12.1b | 12.4b | 11.2b | 11.1b | 11.5b | 11.1b | 11.4b | 11.7b | 11.6b | 12.2b | 12.5b | 12.2b | 12.6b | 12.9b | 14.5b | 15.7b |
Gross profit | 5.2b | 5.4b | 5.2b | 5.0b | 5.1b | 5.0b | 4.9b | 5.0b | 5.0b | 5.2b | 5.5b | 5.3b | 5.4b | 5.8b | 5.7b | 5.1b | 7.3b |
Gross profit Margin, % | 30% | 31% | 29% | 31% | 31% | 30% | 30% | 30% | 30% | 31% | 31% | 30% | 31% | 31% | 31% | 26% | 32% |
Annual
Quarterly
| USD | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 2.8b | 2.7b | 2.0b | 4.0b | 1.5b | 1.2b | 2.7b | 2.3b | 2.7b | 1.1b | 1.2b | 825.0m | 1.2b | 1.7b | 969.0m | 4.6b | 7.3b |
Inventories | 8.6b | 8.3b | 10.4b | 8.5b | 8.6b | 10.1b | 8.0b | 8.3b | 10.6b | 8.7b | 9.1b | 12.4b | 9.1b | 9.1b | 11.4b | 8.6b | 8.9b |
Current Assets | 13.2b | 13.4b | 15.2b | 13.9b | 11.5b | 12.8b | 11.7b | 11.6b | 14.7b | 10.9b | 11.5b | 14.6b | 11.6b | 12.1b | 13.8b | 14.6b | 17.6b |
PP&E | 25.8b | 25.6b | 25.5b | 25.0b | 24.9b | 24.9b | 24.7b | 24.9b | 25.1b | 24.8b | 25.2b | 25.6b | 25.7b | 26.0b | 26.4b | 26.6b | 26.7b |
Annual
Quarterly
| USD | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 635.0m | 1.4b | 1.9b | 632.0m | 1.3b | 1.9b | 681.0m | 1.4b | 1.8b | 718.0m | 1.5b | 2.1b | 795.0m | 1.7b | 2.4b | 284.0m | 2.0b |
Depreciation and Amortization | 540.0m | 1.1b | 1.7b | 546.0m | 1.1b | 1.7b | 573.0m | 1.2b | 1.8b | 631.0m | 1.2b | 1.8b | 644.0m | 1.3b | 1.9b | 641.0m | 1.2b |
Inventories | 180.0m | 18.0m | (2.1b) | 142.0m | (29.0m) | (1.5b) | 323.0m | 52.0m | (2.3b) | (55.0m) | (515.0m) | (3.8b) | 438.0m | 375.0m | (1.9b) | 408.0m | 116.0m |
Accounts Payable | (766.0m) | (697.0m) | 1.5b | (1.4b) | (1.5b) | 103.0m | (715.0m) | 332.0m | 2.7b | (604.0m) | 342.0m | 3.3b | (1.4b) | (731.0m) | 1.5b | (280.0m) | 795.0m |
| USD | FY, 2015 |
|---|---|
Debt/Equity | 0.9 x |
Debt/Assets | 0.3 x |
Financial Leverage | 3 x |
Target Operating Metrics
Target's Stores was reported to be 1.9 k in Q2, 2020.
| Q1, 2014 | Q2, 2014 | Q3, 2014 | Q4, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q4, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q4, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q4, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q4, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q4, 2019 | Q1, 2020 | Q2, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Stores | 1.79 k | 1.80 k | 1.80 k | 1.79 k | 1.80 k | 1.80 k | 1.81 k | 1.79 k | 1.79 k | 1.80 k | 1.80 k | 1.80 k | 1.81 k | 1.82 k | 1.83 k | 1.82 k | 1.83 k | 1.84 k | 1.85 k | 1.84 k | 1.85 k | 1.85 k | 1.86 k | 1.87 k | 1.87 k | 1.87 k |
Retail Space, sq. ft. | 239.54 m | 240.31 m | 241.14 m | 239.96 m | 240.41 m | 240.74 m | 241.08 m | 239.54 m | 239.58 m | 239.72 m | 239.65 m | 239.50 m | 239.78 m | 240.08 m | 240.63 m | 239.36 m | 239.69 m | 239.85 m | 240.26 m | 239.58 m | 239.80 m | 239.69 m | 240.26 m | 240.52 m | 240.58 m | 240.58 m |
Distribution Centers | 38 | 40 | 40 | 41 | 40 | 42 |
Target Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Shipt | December 13, 2017 | $550 m |
| Grand Junction | August 14, 2017 | |
| Sonia Kashuk | September 22, 2015 | |
| A Bullseye View | March 18, 2015 | |
| PoweredAnalytics | November 20, 2014 | |
| DermStore | August 06, 2013 | |
| Chefs Catalog | March 14, 2013 | |
| Cooking.com | March 14, 2013 | |
| Fedco | July 09, 1999 | |
| Associated Merchandising Corporation | January 01, 1998 |
Target Revenue Breakdown
Target revenue breakdown by business segment: 18.5% from Home Furnishings and Décor, 16.1% from Hardlines, 19.3% from Food and Beverage, 26.4% from Beauty and Household Essentials, 18.3% from Apparel and Accessories and 1.4% from Other
Target Cybersecurity Score
Target Online and Social Media Presence
2.06m Twitter followers
Target has 2.06m Twitter Followers. The number of followers has increased 2% month over month and increased 3.2% quarter over quarter
Target's Trends
Twitter Engagement Stats for @Target
87.2k
Tweets
2.6k
Following
2.1m
Followers
584
Tweets last 30 days
578.2
Avg. likes per Tweet
89.2%
Tweets with engagement
Target Company Culture
Overall Culture
B
69/100
CEO Rating
C+
67/100
Compensation
C+
66/100
Diversity
B-
68/100
Target News and Updates
September 02, 2020
Target Names Maurice Cooper Senior Vice President of Marketing
Target Corporation (NYSE: TGT) today named Maurice Cooper senior vice president of marketing.
Cooper will oversee Target's marketing, creating plans that are guest-centric, culturally relevant and inclusive to fuel consumer affinity for Target's brand and grow its business. He will lead the stra…
August 26, 2020
Christine A. Leahy, Derica W. Rice Named to Target Corporation's Board of Directors
Target Corporation (NYSE: TGT) announced today its board of directors elected Christine (Chris) A. Leahy, president, chief executive officer and director of CDW, and Derica W. Rice, former executive vice president of CVS Health and president of CVS Caremark, as directors. Ms. Leahy's appointment bec…
August 19, 2020
Target Corporation Reports Second Quarter Earnings
Target Corporation (NYSE: TGT) today announced its second quarter 2020 results, which reflect the continuation of heightened sales volume and significant investments in response to the COVID-19 pandemic. The Company reported GAAP earnings per share (EPS) from continuing operations of $3.35 in the s…
August 03, 2020
Summit Academy and Target Announce North Star Innovation Center in North Minneapolis
As part of Target's ongoing efforts to advance social justice and promote racial equity in its hometown of Minneapolis-St. Paul and communities across the country, the company today announced that it is supporting Summit Academy OIC with space in the Regional Acceleration Center (RAC) in North Minne…
June 17, 2020
Target Increases Starting Wage to $15; Thanks Frontline Team Members with Recognition Bonus
Target today announced a number of industry-leading updates and extensions to its pay and benefits. Beginning July 5, it will permanently raise its starting wage for U.S. team members to $15 per hour. Additionally, the company will give a one-time recognition bonus of $200 to its frontline store and…
June 11, 2020
Target Corporation Announces 3.0 Percent Dividend Increase
The board of directors of Target Corporation (NYSE:TGT) has declared a quarterly dividend of 68 cents per common share, a 3.0% increase from the prior quarterly dividend of 66 cents. The dividend is payable Sept. 10, 2020 to shareholders of record at the close of business August 19, 2020. The 3rd …
Target Frequently Asked Questions
When was Target founded?
Target was founded in 1962.
Who are Target key executives?
Target's key executives are Brian Cornell, John J. Mulligan and Katie Boylan.
How many employees does Target have?
Target has 368,000 employees.
What is Target revenue?
Latest Target annual revenue is $78.1 b.
What is Target revenue per employee?
Latest Target revenue per employee is $212.3 k.
Who are Target competitors?
Competitors of Target include Dollar General, Best Buy and Kroger.
Where is Target headquarters?
Target headquarters is located at 1000 Nicollet Mall, Minneapolis.
Where are Target offices?
Target has offices in Minneapolis, Brooklyn Park, San Francisco, Sunnyvale and in 3 other locations.
How many offices does Target have?
Target has 7 offices.
Learn about Craft real-time company insights
Receive alerts for 300+ data fields across thousands of companies