Target (2024)

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

4/4/23

Country

U.S.

Headquarters

Minneapolis

Industry

General Merchandisers

CEO

Brian C. Cornell

Website

corporate.target.com

Company Type

Public

Ticker

TGT

Revenues ($M)

$109,120

Profits ($M)

$2,780

Market Value ($M)

$73,364

Employees

440,000

Figures are for fiscal year ended Jan. 31, 2023. Market value as of March 17, 2023. Sources: S&P Global; Bloomberg.

Best Companies

Rank last year

Years on list

Employees (as of March 2023)

450,000

Job openings (as of March 2023)

8,840

Year founded

1902

Benefits

100% health coverage

Subsidized childcare

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

Diversity

% Women

% Minorities

% African-American/Black

16%

% Asian

% Caucasian/White

46%

% Hispanic/Latino

28%

% Native American/Alaska Native

% Native Hawaiian/Pacific Islander

% Two or more races

% Unknown ethnicity

America's Most Innovative Companies

Sector

Retailing

Culture rank

262

Process rank

212

Product rank

World's Most Admired Companies

Sector

Stores and Distributors

Industry

General Merchandisers

Current All-Star Rank

Previous All-Star Rank

Industry Rank

Previous Industry Rank

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 ($)

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%

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