General merchandise retailer offering a wide variety of products through stores and digital channels.
Profile & Fundamentals
Target: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Target Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
Target Corporation operates as a general merchandise retailer in the United States. It offers apparel for women, men, young adults, kids, toddlers, and babies, as well as jewelry, accessories, and shoes; and beauty products, such as skin and bath care, cosmetics, hair care, oral care, deodorant, and shaving products. The company also provides food and beverage products comprising dry and perishable grocery, including snacks, candy, beverages, deli, bakery, meat, produce, and food service; electronics which includes video games and consoles, toys, sporting goods, entertainment, and luggage; bed and bath, home décor, school/office supplies, storage, small appliances, kitchenware, greeting cards, party supplies, furniture, lighting, home improvement, and seasonal merchandise; and household essentials, such as household cleaning, paper products, over-the-counter healthcare, vitamins and supplements, baby gear, and pet supplies. In addition, it sells merchandise through periodic design and creative partnerships, and shop-in-shop experience; and in-store amenities. The company sells its products through its stores; and digital channels, including Target.com. Target Corporation was incorporated in 1902 and is headquartered in Minneapolis, Minnesota.
Company profile record
Target Corporation
Common Stock · Consumer Staples · Consumer Staples Merchandise Retail
Company
- Company / asset
- Target Corporation
- Security type
- Common Stock
- Sector
- Consumer Staples
- Industry
- Consumer Staples Merchandise Retail
- HQ
- 🇺🇸 United States
- Head office
- 1000 Nicollet Mall, Minneapolis, MN, United States, 55403
Leadership & scale
- Chief executive
- Mr. Michael J. Fiddelke
- CEO year born
- 1977
- Full-time employees
- 400K
- Fiscal year end
- January
- IPO date
- 1983-04-06
Fundamentals snapshot
- Market Cap
- USD 70.5B
- P/E
- 16.0x
- Revenue (Q3 26)
- USD 26.5B
- Profit (Q3 26)
- USD 1.9B
- Dividend Yield
- 2.1%
- Revenue (FY 26)
- USD 104.8B
- Shares in public float
- 452.8M
- Insider ownership
- 0.27%
Reporting & identifiers
- Symbol
- TGT.NYSE
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US87612E1064
- Asset ID
- equity_5fd62c5f-2c8d-560d-9856-1153a496f443
Ownership
Shares Outstanding
Latest: 456.6M | Max: 547.9M | Min: 455.1M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
99.16%
452.8M latest reported shares
Insider Ownership
0.27%
Latest reported insider stake
Short Float
0.04%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 547,900,000 |
| 2018-01-01 | 531,200,000 |
| 2019-01-01 | 514,800,000 |
| 2020-01-01 | 505,400,000 |
| 2021-01-01 | 489,400,000 |
| 2022-01-01 | 462,500,000 |
| 2023-01-01 | 461,651,200 |
| 2024-01-01 | 461,500,000 |
| 2025-01-01 | 455,100,000 |
| 2026-01-01 | 456,600,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 37,912,138 | 8.35% | 2026-03-31 |
| State Street Corp | 37,489,156 | 8.25% | 2026-03-31 |
| Vanguard Capital Management, LLC | 29,407,928 | 6.47% | 2026-03-31 |
| Vanguard Portfolio Management, LLC | 21,864,752 | 4.81% | 2026-03-31 |
| FMR Inc | 19,901,274 | 4.38% | 2026-03-31 |
| Vanguard MStar Total Stk Mkt Idx Invest | 14,432,377 | 3.18% | 2026-08-31 |
| Charles Schwab Investment Management Inc | 14,008,200 | 3.08% | 2026-03-31 |
| Schwab US Dividend Equity ETF™ | 12,404,453 | 2.73% | 2026-08-29 |
| Vanguard 500 Index Investor | 12,067,830 | 2.66% | 2026-08-31 |
| Geode Capital Management, LLC | 10,592,214 | 2.33% | 2026-03-31 |
| Vanguard MStar Mid Cap Index Instl | 9,824,052 | 2.16% | 2026-08-31 |
| Morgan Stanley - Brokerage Accounts | 7,045,739 | 1.55% | 2026-03-31 |
| NORGES BANK | 6,124,565 | 1.35% | 2026-06-30 |
| iShares Core S&P 500 ETF | 6,051,916 | 1.33% | 2026-08-31 |
| Fidelity 500 Index | 5,872,962 | 1.29% | 2026-07-31 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Target's recent financial headlines paint an optical picture of a dramatic profit doubling, with second-quarter net income reaching $1.88 billion on a 5.3% revenue gain. However, this reported surge was heavily flattered by a one-time pre-tax customs tariff refund of $994 million, which added $752 million directly to bottom-line net income. Excluding this legal windfall, underlying operating profit grew by a solid but more modest 20%, driven by healthy store foot traffic and double-digit advertising gains. True recurring annual earnings power sits near $3.7 billion rather than the inflated headline run-rate. Investors must evaluate Target's steady cash generation rather than mistaking temporary legal refunds for permanent retail expansion.
Target's recent financial headlines paint an optical picture of a dramatic profit doubling, with second-quarter net income reaching $1.88 billion on a 5.3% revenue gain. However, this reported surge was heavily flattered by a one-time pre-tax customs tariff refund of $994 million, which added $752 million directly to bottom-line net income. Excluding this legal windfall, underlying operating profit grew by a solid but more modest 20%, driven by healthy store foot traffic and double-digit advertising gains. True recurring annual earnings power sits near $3.7 billion rather than the inflated headline run-rate. Investors must evaluate Target's steady cash generation rather than mistaking temporary legal refunds for permanent retail expansion.
Revenue, Net Income, and Free Cash Flow
Latest: USD 104.8B | Max: USD 109.1B | Min: USD -1.5B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 13x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Target's operating margin rebounded to 5.6% over the trailing twelve months, but roughly ninety basis points of that performance came from one-off second-quarter tariff refunds. Stripping out these non-recurring credits leaves core operating profitability near 4.9%, highlighting that merchandise margins are healing gradually rather than experiencing a breakout. Underlying margins reflect a structural tug-of-war. High-margin digital advertising through Roundel and growing Circle 360 subscription fees provide strong upward profit leverage. However, persistent store wage increases, higher import duties under replacement Section 301 tariffs, and promotional price discounting in discretionary goods keep consolidated margins capped below 5.5%. Target remains a solid, low-growth retail cash generator.
Target's operating margin rebounded to 5.6% over the trailing twelve months, but roughly ninety basis points of that performance came from one-off second-quarter tariff refunds. Stripping out these non-recurring credits leaves core operating profitability near 4.9%, highlighting that merchandise margins are healing gradually rather than experiencing a breakout. Underlying margins reflect a structural tug-of-war. High-margin digital advertising through Roundel and growing Circle 360 subscription fees provide strong upward profit leverage. However, persistent store wage increases, higher import duties under replacement Section 301 tariffs, and promotional price discounting in discretionary goods keep consolidated margins capped below 5.5%. Target remains a solid, low-growth retail cash generator.
Profitability Margins
Latest: 27.9% | Max: 30.1% | Min: 2.5%
Latest Profitability Ratios as of 2026-01-31
Gross Margin
27.9%
Gross profit / revenue
Operating Margin
4.9%
Operating income / revenue
Net Margin
3.5%
Net income / revenue
FCF Margin
2.7%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2017-01-31 | 70,271,000,000 | 2,734,000,000 | 3,889,000,000 |
| 2018-01-31 | 72,714,000,000 | 2,914,000,000 | 4,390,000,000 |
| 2019-01-31 | 75,356,000,000 | 2,937,000,000 | 2,457,000,000 |
| 2020-01-31 | 78,112,000,000 | 3,281,000,000 | 4,090,000,000 |
| 2021-01-31 | 93,561,000,000 | 4,368,000,000 | 7,876,000,000 |
| 2022-01-31 | 106,005,000,000 | 6,946,000,000 | 5,081,000,000 |
| 2023-01-31 | 109,120,000,000 | 2,780,000,000 | -1,510,000,000 |
| 2024-01-31 | 107,412,000,000 | 4,138,000,000 | 3,815,000,000 |
| 2025-01-31 | 106,566,000,000 | 4,091,000,000 | 4,476,000,000 |
| 2026-01-31 | 104,780,000,000 | 3,705,000,000 | 2,835,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2026-01-31 | 13 | Trailing four quarters |
| 2025-01-31 | 15.34 | Trailing four quarters |
| 2024-01-31 | 15.51 | Trailing four quarters |
| 2023-01-31 | 28.59 | Annual net income |
| 2022-01-31 | 14.68 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
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| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2017-01-31 | 30.06 | 6.92 | 3.89 | 5.53 |
| 2018-01-31 | 29.69 | 5.81 | 4.01 | 6.04 |
| 2019-01-31 | 29.27 | 5.45 | 3.9 | 3.26 |
| 2020-01-31 | 29.76 | 5.96 | 4.2 | 5.24 |
| 2021-01-31 | 29.27 | 6.99 | 4.67 | 8.42 |
| 2022-01-31 | 29.28 | 8.44 | 6.55 | 4.79 |
| 2023-01-31 | 24.57 | 3.53 | 2.55 | -1.38 |
| 2024-01-31 | 27.54 | 5.31 | 3.85 | 3.55 |
| 2025-01-31 | 28.21 | 5.22 | 3.84 | 4.2 |
| 2026-01-31 | 27.93 | 4.88 | 3.54 | 2.71 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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