TARGET CORP

10-K & 10-Q Filings

Target Corporation is a Minnesota-based retail company founded in 1902. Its mission is to help families discover the joy of everyday life by offering a wide range of merchandise at discounted prices. The company operates as a single segment, with sales primarily generated through its stores but also through digital channels. Target's business strategy includes expanding relevancy, delighting guests with newness and value, opening new stores, transforming its supply chain, and being a favorite discovery destination. The company's merchandise offerings span five core categories, with a significant portion coming from national brand merchandise. Approximately one-third of sales come from Target's owned and exclusive brands. Target's website is corporate.target.com, and its ticker symbol is TGT.

12 mos ending Jan 28, 201212 mos ending Feb 02, 201312 mos ending Feb 01, 201412 mos ending Jan 31, 201512 mos ending Jan 30, 201612 mos ending Jan 28, 201712 mos ending Feb 03, 201812 mos ending Feb 02, 201912 mos ending Feb 01, 202012 mos ending Jan 30, 202112 mos ending Jan 29, 202212 mos ending Jan 28, 202312 mos ending Feb 03, 2024CAGR %YoY %Revenue (+)
$69865.00
73301.00
72596.00
72618.00
73785.00
69495.00
71879.00
75356.00
78112.00
93561.00
106005.00
109120.00
107412.00
3.65%-1.57%Cost of Revenue (-)
$47860.00
50568.00
51160.00
51278.00
51997.00
48872.00
51125.00
53299.00
54864.00
66177.00
74963.00
82229.00
77736.00
4.12%-5.46%Gross Profit (+)
$22005.00
22733.00
21436.00
21340.00
21788.00
20623.00
20754.00
22057.00
23248.00
27384.00
31042.00
26891.00
29676.00
2.52%10.36%Selling, General & Administrative (-)
$14106.00
14914.00
15375.00
14676.00
14665.00
13356.00
14248.00
15723.00
16233.00
18615.00
19752.00
20658.00
21554.00
3.60%4.34%Depreciation & Amortization (-)
$2131.00
2142.00
2223.00
2129.00
2213.00
2298.00
2194.00
2224.00
2357.00
2230.00
2344.00
2385.00
2415.00
1.05%1.26%Operating Expenses (-)
$16237.00
17056.00
17598.00
16805.00
16258.00
15654.00
16442.00
17947.00
18590.00
20845.00
22096.00
23043.00
23969.00
3.30%4.02%Costs & Expenses (Total) (-)
$64097.00
67624.00
68758.00
68083.00
68255.00
64526.00
67567.00
71246.00
73454.00
87022.00
97059.00
105272.00
101705.00
3.92%-3.39%Operating Income/Loss (+)
$5768.00
5677.00
3838.00
4535.00
5530.00
4969.00
4312.00
4110.00
4658.00
6539.00
8946.00
3848.00
5707.00
-0.09%48.31%Non-operating Income/Expense (+)
$3.00
27.00
9.00
-16.00
382.00
48.00
92.00
33.01%91.67%Interest Expense (-)
$866.00
762.00
1126.00
882.00
607.00
1004.00
666.00
461.00
477.00
977.00
421.00
478.00
502.00
-4.44%5.02%Earnings before Tax (+)
$4456.00
4609.00
3103.00
3653.00
4923.00
3965.00
3646.00
3676.00
4190.00
5546.00
8907.00
3418.00
5297.00
1.45%54.97%Tax Expense (-)
$1527.00
1610.00
1132.00
1204.00
1602.00
1296.00
718.00
746.00
921.00
1178.00
1961.00
638.00
1159.00
-2.27%81.66%Income/Loss (Continuing Operations) (+)
$2929.00
2999.00
1971.00
2449.00
3321.00
2669.00
2928.00
2930.00
3269.00
4368.00
6946.00
2780.00
4138.00
2.92%48.85%Income/Loss (Discontinued Operations) (+)
$
-4085.00
42.00
68.00
6.00
7.00
12.00
Net Income/Loss (+)
$2929.00
2999.00
1971.00
-1636.00
3363.00
2737.00
2934.00
2937.00
3281.00
4368.00
6946.00
2780.00
4138.00
2.92%48.85%Net Income/Loss (Common) (+)
$2929.00
2999.00
1971.00
-1636.00
3363.00
2737.00
2934.00
2937.00
3281.00
4368.00
6946.00
2780.00
4138.00
2.92%48.85%EPS (Basic)
$4.31
4.57
3.10
-2.58
5.35
4.74
5.36
5.55
6.42
8.72
14.23
6.02
8.96
6.29%48.84%EPS (Diluted)
$4.28
4.52
3.07
-2.56
5.31
4.70
5.33
5.51
6.36
8.64
14.10
5.98
8.94
6.33%49.50%Weighted Avg Shares (Basic)
679.10
656.70
635.10
634.70
627.70
577.60
546.80
528.60
510.90
500.60
488.10
462.10
461.50
-3.17%-0.13%Weighted Avg Shares (Diluted)
683.90
663.30
650.80
640.10
632.90
582.50
550.30
533.20
515.60
505.40
492.70
465.80
464.90
-3.17%-0.19%Inventory
$7918.00
7903.00
8766.00
8790.00
8601.00
8309.00
8657.00
9497.00
8992.00
10653.00
13902.00
13499.00
11886.00
3.44%-11.95%Other Assets (Current)
$8531.00
8485.00
2807.00
5297.00
5529.00
3681.00
3907.00
3022.00
3910.00
10103.00
7671.00
4347.00
5612.00
-3.43%29.10%Assets (Current)
$16449.00
16388.00
11573.00
14087.00
14130.00
11990.00
12564.00
12519.00
12902.00
20756.00
21573.00
17846.00
17498.00
0.52%-1.95%Property, Plant & Equipment (Net)
$29149.00
30653.00
31378.00
25958.00
25217.00
24658.00
25018.00
25533.00
26283.00
26879.00
28181.00
31512.00
33096.00
1.06%5.03%Accumulated Depreciation
$12382.00
13311.00
14402.00
15106.00
16246.00
17413.00
18181.00
18687.00
19664.00
22631.00
Other Assets
$1032.00
1122.00
1602.00
1359.00
915.00
783.00
1417.00
1273.00
1358.00
3613.00
4057.00
1320.00
4762.00
13.59%260.76%Assets (Non-current)
$30181.00
31775.00
32980.00
27317.00
26132.00
25441.00
26435.00
28771.00
29877.00
30492.00
32238.00
35489.00
37858.00
1.91%6.68%Assets (Total)
$46630.00
48163.00
44553.00
41404.00
40262.00
37431.00
38999.00
41290.00
42779.00
51248.00
53811.00
53335.00
55356.00
1.44%3.79%Accounts Payable
$10501.00
11037.00
11617.00
11542.00
11654.00
10989.00
12931.00
13962.00
14326.00
18981.00
21576.00
19370.00
18188.00
4.68%-6.10%Debt (Current)
$3786.00
1500.00
1718.00
270.00
1052.00
161.00
1144.00
171.00
130.00
1116.00
-9.68%758.46%Other Liabilities (Current)
$
1494.00
1160.00
194.00
968.00
1.00
Liabilities (Current)
$14287.00
14031.00
12777.00
11736.00
12622.00
12708.00
13201.00
15014.00
14487.00
20125.00
21747.00
19500.00
19304.00
2.54%-1.01%Debt (Non-current)
$13447.00
14654.00
12622.00
12705.00
11945.00
11031.00
11317.00
10223.00
13613.00
11536.00
13549.00
16009.00
14922.00
0.87%-6.79%Other Liabilities
$3075.00
2920.00
2923.00
2966.00
2738.00
2739.00
2772.00
4756.00
2846.00
5147.00
5688.00
6594.00
7698.00
7.95%16.74%Liabilities (Non-current)
$16522.00
17574.00
15545.00
15671.00
14683.00
13770.00
14089.00
14979.00
16459.00
16683.00
19237.00
22603.00
22620.00
2.65%0.08%Liabilities (Total)
$30809.00
31605.00
28322.00
27407.00
27305.00
26478.00
27290.00
29993.00
30946.00
36808.00
40984.00
42103.00
41924.00
2.60%-0.43%Retained Earnings
$12959.00
13155.00
12599.00
9644.00
8188.00
5884.00
6553.00
6017.00
6433.00
8825.00
6920.00
5005.00
7093.00
-4.90%41.72%AOCI
$-681.00
488.00
-891.00
-599.00
-629.00
-638.00
-747.00
-805.00
-868.00
-756.00
-553.00
-419.00
-460.00
-9.79%Shareholder's Equity
$15821.00
16558.00
16231.00
13997.00
12957.00
10953.00
11709.00
11297.00
11833.00
14440.00
12827.00
11232.00
13432.00
-1.35%19.59%Liabilities & Equity
$46630.00
48163.00
44553.00
41404.00
40262.00
37431.00
38999.00
41290.00
42779.00
51248.00
53811.00
53335.00
55356.00
1.44%3.79%Net Income/Loss
$2929.00
2999.00
1971.00
-1636.00
3363.00
2737.00
2934.00
2937.00
3281.00
4368.00
6946.00
2780.00
4138.00
2.92%48.85%Depreciation & Amortization
$2131.00
2142.00
2223.00
2129.00
2213.00
2298.00
2445.00
2474.00
2604.00
2485.00
2642.00
2700.00
2801.00
2.30%3.74%Increase/Decrease in Working Capital
$49.00
-476.00
-2293.00
-150.00
-445.00
214.00
-1241.00
-17.00
-862.00
-3058.00
1445.00
2436.00
-1039.00
-142.65%Share-based Compensation
$90.00
105.00
110.00
71.00
115.00
113.00
112.00
132.00
147.00
200.00
228.00
220.00
251.00
8.92%14.09%Adjustments to Reconcile Net Income
$2505.00
2326.00
4549.00
6075.00
2481.00
2660.00
3921.00
3040.00
3830.00
6157.00
1679.00
1238.00
4483.00
4.97%262.12%Net Cash (Operating)
$5434.00
5325.00
6520.00
4439.00
5844.00
5436.00
6923.00
5973.00
7117.00
10525.00
8625.00
4018.00
8621.00
3.92%114.56%Capital Expenditure
$-4405.00
-3343.00
3524.00
1711.00
-465.00
1501.00
3020.00
3431.00
2964.00
2607.00
3161.00
5520.00
4782.00
-13.37%Net Cash (Investing)
$-4180.00
-2855.00
-271.00
-1926.00
508.00
-1473.00
-3075.00
-3416.00
-2944.00
-2591.00
-3154.00
-5504.00
-4760.00
13.52%Increase/Decrease in Debt
$369.00
1942.00
-3463.00
-86.00
-85.00
-664.00
-1441.00
-281.00
-330.00
65.00
825.00
2462.00
-147.00
-105.97%Increase/Decrease in Equity
$1842.00
1875.00
-1461.00
-3438.00
-3706.00
-938.00
-2028.00
-1492.00
-722.00
-7348.00
-2822.00
Interest Expenses
$816.00
775.00
1120.00
871.00
604.00
999.00
678.00
476.00
492.00
939.00
414.00
449.00
605.00
-2.46%34.74%Dividends Paid
$750.00
869.00
1006.00
1205.00
1362.00
1348.00
1338.00
1335.00
1330.00
1343.00
1548.00
1836.00
2011.00
8.57%9.53%Net Cash (Financing)
$-2140.00
-2488.00
-6364.00
-998.00
-4516.00
-5497.00
-3717.00
-3644.00
-3152.00
-2000.00
-8071.00
-2196.00
-2285.00
-4.05%Cash Taxes Paid
$1109.00
1603.00
1386.00
1251.00
-127.00
1514.00
934.00
373.00
696.00
1031.00
2063.00
213.00
374.00
-8.66%75.59%Effect of Exchange Rate
$-32.00
8.00
26.00
Increase/Decrease in Cash
$-918.00
-10.00
-89.00
131.00
-1087.00
1021.00
5934.00
-2600.00
-3682.00
1576.00
142.80%Cash (Beginning)
$
695.00
2210.00
4046.00
2512.00
2643.00
1556.00
2577.00
8511.00
5911.00
2229.00
-62.29%Cash (Ending)
$
2210.00
4046.00
2512.00
2643.00
1556.00
2577.00
8511.00
5911.00
2229.00
3805.00
70.70%NOPAT
$4332.47
3702.55
2123.70
2981.95
3730.48
3071.63
3207.39
3692.96
3884.26
5323.40
6873.97
3608.20
5304.05
1.70%47.00%Gross Margin %
31.50%
31.01%
29.53%
29.39%
29.53%
29.68%
28.87%
29.27%
29.76%
29.27%
29.28%
24.64%
27.63%
Operating Margin %
8.26%
7.74%
5.29%
6.25%
7.49%
7.15%
6.00%
5.45%
5.96%
6.99%
8.44%
3.53%
5.31%
NOPAT Margin %
6.20%
5.05%
2.93%
4.11%
5.06%
4.42%
4.46%
4.90%
4.97%
5.69%
6.48%
3.31%
4.94%
Net Margin %
4.19%
4.09%
2.72%
-2.25%
4.56%
3.94%
4.08%
3.90%
4.20%
4.67%
6.55%
2.55%
3.85%
Tax Rate %
24.89%
34.78%
44.67%
34.25%
32.54%
38.18%
25.62%
10.15%
16.61%
18.59%
23.16%
6.23%
7.06%
ROA
9.29%
7.69%
4.77%
7.20%
9.27%
8.21%
8.22%
8.94%
9.08%
10.39%
12.77%
6.77%
9.58%
ROE
27.38%
22.36%
13.08%
21.30%
28.79%
28.04%
27.39%
32.69%
32.83%
36.87%
53.59%
32.12%
39.49%
ROIC
14.86%
12.08%
6.77%
11.49%
14.79%
12.46%
12.82%
14.46%
14.78%
19.81%
24.39%
11.45%
16.03%
Asset Turnover
1.50
1.52
1.63
1.75
1.83
1.86
1.84
1.83
1.83
1.83
1.97
2.05
1.94
Inventory Turnover
6.04
6.40
5.84
5.83
6.05
5.88
5.91
5.61
6.10
6.21
5.39
6.09
6.54
Equity Multiplier
2.95
2.91
2.74
2.96
3.11
3.42
3.33
3.65
3.62
3.55
4.20
4.75
4.12
Current Ratio
1.15
1.17
0.91
1.20
1.12
0.94
0.95
0.83
0.89
1.03
0.99
0.92
0.91
Debt/Equity Ratio
1.09
0.98
0.78
0.91
0.92
1.16
0.99
1.00
1.16
0.88
1.07
1.44
1.19
Interest Coverage Ratio
7.07
7.33
3.43
5.21
9.16
4.97
6.36
8.63
9.47
6.96
21.61
8.57
9.43
Dividend Payout Ratio %
17.31%
23.47%
47.37%
40.41%
36.51%
43.89%
41.72%
36.15%
34.24%
25.23%
22.52%
50.88%
37.91%
Total Payout
$-645.00
-2173.00
7050.00
2162.00
5489.00
6717.00
4395.00
4120.00
3644.00
2939.00
8485.00
2645.00
2763.00
4.46%Payout Ratio %
-14.89%
-58.69%
331.97%
72.50%
147.14%
218.68%
137.03%
111.56%
93.81%
55.21%
123.44%
73.31%
52.09%