New "Flexible Format" Targe In Boston
BOSTON - JULY 19: Store team leader Mike Maher, right, meets with staff to discuss preparations for an event at the new Target store at 860 Commonwealth Ave., in Boston on July 19, 2016. The new "flexible-format" Target store is targeted at nearby Boston University students. The grand opening will be on July 24. (Photo by Pat Greenhouse/The Boston Globe via Getty Images)Pat Greenhouse — Boston Globe via Getty Images
  • Previous Rank
    38
  • Revenues ($M)
    69495
  • Revenue Percent Change
    -5.8
  • Profits ($M)
    2737
  • Profits Percent Change
    -18.6
  • Assets ($M)
    37431
  • Employees
    323000
  • Market Value — as of March 31, 2017 ($M)
    30502

Target has grown its digital sales almost 30% annually over the past two years, a rate it claims surpasses the rest of the retail industry. It turns out that hasn't been enough to keep up with the ways that consumers have shifted their shopping behavior to the web. Revenue declined nearly 6% last year, in large part because of the sale of its pharmacy business to CVS. The company has said it will invest $7 billion over the next three years to beef up its digital operations, freshen up existing stores, and open more small outlets that give the company a presence in urban areas. CEO Brian Cornell also worked to revamp the company's food business as well as launch new brands like Cat & Jack and Pillowfort labels for kids that have so far been big hits.

Company Info

CEOBrian C. Cornell
CEO TitleChairman & Chief Executive Officer
SectorRetailing
IndustryGeneral Merchandisers
HQ LocationMinneapolis, MN
Websitewww.target.com
Years on Fortune 500 List23
Employees323,000

Key Financials (Last Fiscal Year)

Revenues ($M)$69,495
Profits ($M)$2,737
Assets ($M)$37,431
Total Stockholder Equity ($M)$10,953
Market Value — as of March 31, 2017 ($M)$30,502

Profit Ratios

Profit as % of Revenues3.9%
Profits as % of Assets7.3%
Profits as % of Stockholder Equity25%

Earnings Per Share (Last Fiscal Year)

Earnings Per Share ($)5
EPS % Change (from 2015)-11.5%
EPS % Change (5 year annual rate)1.9%
EPS % Change (10 year annual rate)3.9%

Total Return

Total Return to Investors (2016)2.7%
Total Return to Investors (5 year, annualized)10%
Total Return to Investors (10 year, annualized)4.6%