Target
Target is home to the eighth-largest retail chain in the U.S., with over 350,000 employees in the U.S. and abroad. And with more than 1,900 locations in all 50 states and Washington, D.C., 75% of the U.S. population lives within 10 miles of a Target store, known for selling a variety of food, household goods, clothing, and electronics. The retailer saw its business climb significantly in 2020, when Americans flocked to discount stores like Target to stock up on essentials like toilet paper and hand sanitizer. In 2021, the company has seen that growth continue as people’s spending shifted away from emergency stockpiling to a focus on more fun and more normal consumer behavior.
Rod Lamkey—CNP/ABACAPRESS.COM/Reuters
Company Information
As of 6/5/23
Country
U.S.
Headquarters
Minneapolis
Industry
General Merchandisers
CEO
Brian C. Cornell
Website
Company Type
Public
Ticker
TGT
Revenues ($M)
$109,120
Profits ($M)
$2,780
Market Value ($M)
$76,250
Employees
440,000
Figures are for fiscal year ended Jan. 31, 2023. Market value as of March 31, 2023.
Best Companies
Rank last year
12
Years on list
3
Employees (as of March 2023)
450,000
Job openings (as of March 2023)
8,840
Year founded
1902
Benefits
100% health coverage
no
Subsidized childcare
no
Compressed work weeks
did not disclose
Option to work remotely
yes
Minimum requirement in-office attendance (days per week)
-
Percentage of health care premiums covered
did not disclose
Mental health coverage
yes
Free mental health sessions (per year)
5
Free backup childcare time off (days)
20
Maximum $ amount covered for fertility services
did not disclose
Fully paid maternal leave (days)
20
Fully paid paternal leave (days)
20
Fully paid adoptive leave (days)
20
Maternal leave in addition to regular time off (days)
20
Paid days off for volunteering
no
Diversity
% Women
-
% Minorities
-
% African-American/Black
16%
% Asian
5%
% Caucasian/White
46%
% Hispanic/Latino
28%
% Native American/Alaska Native
1%
% Native Hawaiian/Pacific Islander
1%
% Two or more races
3%
% Unknown ethnicity
1%
America's Most Innovative Companies
Sector
Retailing
Culture rank
262
Process rank
212
Product rank
58
World's Most Admired Companies
Sector
Stores and Distributors
Industry
General Merchandisers
Current All-Star Rank
21
Previous All-Star Rank
19
Industry Rank
1
Previous Industry Rank
2
Overall Score
8.09
Innovation
-
People Management
-
Use of Corporate Assets
-
Social Responsibility
-
Quality of Management
-
Financial Soundness
-
Long-Term Investment Value
-
Quality of Products/Services
-
Global Competitiveness
-
Key Financials (Last Fiscal Year)
$ millions
% change
Revenues ($M)
$106,005
13.3%
Profits ($M)
$6,946
59%
Assets ($M)
$53,811
-
Total Stockholder Equity ($M)
$12,827
-
Profit Ratios
Profit as % of Revenues
6.6%
Profits as % of Assets
12.9%
Profits as % of Stockholder Equity
54.2%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)
14.10
EPS % Change (from 2020)
63.2%
EPS % Change (5 year annual rate)
24.6%
EPS % Change (10 year annual rate)
12.7%
Total Return
Total Return to Investors (2021)
33%
Total Return to Investors (5 year, annualized)
29.7%
Total Return to Investors (10 year, annualized)
19.5%
Lists ranking Target
Latest news for Target
- Leadership Next: Target CEO, Brian Cornell;2:37Digital Features;
- Ulta Beauty CEO “optimistic” about holiday sales despite turbulent economy;9:12Series, On Leading;
- Raising employee pay was an easy choice for Target;5:04Digital Features;
- Global hunger is rising: Here’s how A.I. can help;6:23Digital Features;
