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
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 ($)
14
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

YearRevenues ($M)Profits ($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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