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November 23, 2009 6:53 PM ET

Target Corp. (TGT:NYSE)

LAST $47.26 USD
CHANGE TODAY -0.20 -0.42%
VOLUME 7.2M
As of 4:00 PM 11/23/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Target Corp. (TGT)

OPEN
$47.92
PREVIOUS CLOSE
$47.46
DAY HIGH
$47.93
DAY LOW
$47.16
52 WEEK HIGH
10/14/09 - $51.77
52 WEEK LOW
03/6/09 - $25.00
MARKET CAP
35.5B
AVERAGE VOLUME 3 mo
10.1M
DILUTED EPS TTM
$2.87
SHARES OUTSTANDING
751.9M
EX-DATE
11/18/09
P/E TTM
16.5x
DIVIDEND
$0.68
DIVIDEND YIELD
1.44%
K = Thousands  M = Millions  B = Billions
BUSINESS EXCHANGE RELATED TOPICTarget

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TGT Details

Target Corporation operates general merchandise and food discount stores in the United States. The company offers an assortment of general merchandise, including consumables and commodities; electronics, entertainment, sporting goods, and toys; apparel and accessories; and home furnishings and decor, as well as a line of food items primarily under the Target and Super Target brands. It also sells its merchandise under private-label brands, including Archer Farms, Boots & Barkley, Choxie, Circo, Durabuilt, Embark, Garden Place, Gilligan & O'Malley, itso, Kaori, Market Pantry, Merona, Playwonder, Room Essentials, Sutton and Dodge, Target Brand, Target Home, Trutech, Vroom, Wine Cube, and Xhilaration. Target Corporation also offers merchandise through programs, such as ClearRx, GO International, and Home Design Event. In addition, it markets its merchandise under licensed brands comprising C9 by Champion, Chefmate, Cherokee, Converse One Star, Eddie Bauer, Fieldcrest, Genuine Kids by Osh Kosh, Kitchen Essentials by Calphalon, Liz Lange for Target, Michael Graves Design, Mossimo, Nick & Nora, Perfect Pieces by Victoria Hagan, Sean Conway, Simply Shabby Chic, Smith & Hawken, Sonia Kashuk, and Thomas O'Brien. Target Corporation also operates in-store amenities, such as Food Avenue, Target Clinic, Target Pharmacy, and Target Photo, as well as leased or licensed departments, including Optical, Pizza Hut, Portrait Studio, and Starbucks. The company markets its products through its network of distribution centers, as well as through its online shopping site, Target.com. As of January 31, 2009, it operated 1,682 stores and 34 distribution centers. Target Corporation also provides credit to qualified guests through its branded proprietary credit cards, including the Target Visa and the Target Card. The company was founded in 1902 and is headquartered in Minneapolis, Minnesota.

TGT Top Compensated Officers

People Page No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

Key developments for Target Corp. (TGT)

Target Corp. to Close 1 of 5 Stores

Just three years ago, Target Corp. had plans to double the size of its store near U.S. 19 and Scenic Drive. But that expansion never happened and, on November 10, 2009, store officials revealed a new plan: closing the Port Richey location. The 18-year-old store's last day is Jan. 30. The Port Richey closing is one of four nationwide. The list includes locations in Bedford, Ohio; Stone Mountain, Ga.; and Brownsville, Texas.

Target Corp. Unveils New Archer FarmsSimply Balanced Private-Label Line

Target Corp. has struck a balance between nutrition and affordability with its new Archer Farms Simply Balanced private-label line extension. Ranging from whole wheat pasta for $1.48 to chicken skewers $5 for 0.49, the line includes more than 70 items that meet nutritional criteria including limits of 30% calories from fat, 10% calories from saturated fat and 25% calories from added sugars. Products are also free of artificial flavorings, synthetic colors and transfats, and are a good or excellent source of one beneficial nutrient such as protein or fiber, or includes a food group to encourage such as whole grains, vegetables or fruit. Frozen pizza, pasta, cereal, bread, crackers and granola bars are part of the Simply Balanced lineup.

Target Corp. Reports Sales Results for the Four Weeks, Quarter and Year-to-Date Ended October 31, 2009

Target Corp. reported that its net retail sales for the four weeks ended October 31, 2009 were $4,541 million, an increase of 2.8% from $4,415 million for the four weeks ended November 1, 2008. On this same basis, October comparable-store sales decreased 0.1%. Quarter-to-date, net sales were $14,789 million, an increase of 1.4%. On this same basis, October comparable-store sales decreased 1.6%. Year-to-date, net sales were $43,717 million, decreased 0.3%. On this same basis, October comparable-store sales decreased 3.9%.

BusinessWeek Rankings

World's Most Innovative Companies
2008  #24
2007  #15

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TGT Competitors

Company Last Change
Costco Wholesale Corporation $60.57 USD +0.51
Kroger Co $22.93 USD +0.07
Lowe's Companies Inc $21.88 USD +0.53
Home Depot Inc $27.51 USD +0.33
Walgreens $39.42 USD +0.45
View Industry Companies
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Industry Analysis

Valuation TGT Industry Range
Price/Earnings 16.6x
Price/Sales 0.6x
Price/Book 2.4x
Price/Cash Flow 8.7x
TEV/Sales 0.3x

TGT

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TGT transactions

Type
Date
Target
Merger/Acquisition
October 31, 2009
Target Corp., 16 Acres on State Road 56, Florida
View More TGT Transactions...

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