The internet’s favorite department store chain continued to thrive in 2021, as profit increased by 59% and revenue by 13.3% compared to the year before and shoppers’ behavior settled into a new normal. Drawing in customers has presented less of a problem for Target than recruiting and retaining employees in a tight labor market. Investing $300 million in initiatives to expand pay and benefits, Target announced in August 2021 that it would offer to pay college tuition and associated expenses for more than 340,000 full- and part-time employees. And in March 2022 the chain said that it would raise its minimum wage (depending on the role) from $15 an hour to as much $24 hourly.
Wang Ying—Xinhua/Getty Images
Company Information
As of 2/1/2023
Country
U.S.
Headquarters
Minneapolis
Industry
General Merchandisers
CEO
Brian C. Cornell
Website
Company Type
Public
Ticker
TGT
Revenues ($M)
$108,721
Profits ($M)
$3,448
Market Value ($M)
$74,667
Employees
450,000
Figures are for the latest twelve months ended Oct. 31, 2022. Market value as of Jan. 20, 2023. Sources: Bloomberg; S&P Global.
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)
$12,827
-
Profit Ratios
Profit as % of Revenues
6.6%
Profits as % of Assets
12.9%
Profits as % of Stockholder Equity
54.2%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)
141
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%
Target Rank History
Historical Data
| Year | Revenues ($M) | Profits ($M) | Assets ($M) | Total Stockholder Equity ($M) |
|---|---|---|---|---|
| 2021 | $93,56119.8% | $4,36833.1% | $51,248 | $14,440 |
| 2020 | $78,1123.7% | $3,28111.7% | $42,779 | $11,833 |
| 2019 | $75,3564.8% | $2,9370.1% | $41,290 | $11,297 |
| 2018 | $71,8793.4% | $2,9347.2% | $38,999 | $11,709 |
| 2017 | $69,495-5.8% | $2,737-18.6% | $37,431 | $10,953 |
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Lists ranking Target
Latest news for Target
- Personal Finance
Target reports 43% drop in profits from holiday quarter, cautious on 2023 outlookFebruary 28, 2023, 2:53 PM UTC - Finance
2022 holiday shipping deadlines near for FedEx, UPS, USPS and moreDecember 6, 2022, 6:25 PM UTC - Finance
Target’s big miss and dismal holiday outlook has stocks slipping on Wall StreetNovember 16, 2022, 3:57 PM UTC
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