Last $73.57 USD
Change Today +1.29 / 1.78%
Volume 3.0M
TGT On Other Exchanges
Symbol
Exchange
New York
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As of 4:15 PM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).

target corp (TGT) Snapshot

Open
$72.88
Previous Close
$72.28
Day High
$73.73
Day Low
$72.28
52 Week High
11/28/14 - $74.76
52 Week Low
02/5/14 - $54.66
Market Cap
46.9B
Average Volume 10 Days
4.8M
EPS TTM
$2.86
Shares Outstanding
637.0M
EX-Date
11/17/14
P/E TM
25.7x
Dividend
$2.08
Dividend Yield
2.58%
Current Stock Chart for TARGET CORP (TGT)

target corp (TGT) Details

Target Corporation operates general merchandise stores in the United States and Canada. It offers household essentials, including pharmacy, beauty, personal care, baby care, cleaning, and paper products; music, movies, books, computer software, sporting goods, and toys, as well as electronics that consist of video game hardware and software; apparel and accessories, such as apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes. The company also provides food and pet supplies, including dry grocery, dairy, frozen food, beverages, candy, snacks, deli, bakery, meat, produce, and pet supplies; and home furnishings and décor, such as furniture, lighting, kitchenware, small appliances, home décor, bed and bath, home improvement, automotive, and seasonal merchandise comprising patio furniture and holiday décor. In addition, it offers in-store amenities. The company distributes its merchandise through a network of distribution centers, as well as third parties and direct shipping from vendors. Further, it provides general merchandise through its Website, Target.com; and branded proprietary Target Debit Card and Target Credit Card. As of December 11, 2014, the company operated 1,934 stores, including 1,801 stores in the United States and 133 stores in Canada. Target Corporation was founded in 1902 and is headquartered in Minneapolis, Minnesota.

366,000 Employees
Last Reported Date: 03/14/14
Founded in 1902

target corp (TGT) Top Compensated Officers

Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $850.0K
Chief Merchandising & Supply Chain Officer an...
Total Annual Compensation: $950.0K
Chief Stores Officer and Executive Vice Presi...
Total Annual Compensation: $725.0K
Chief Marketing Officer and Executive Vice Pr...
Total Annual Compensation: $700.0K
Compensation as of Fiscal Year 2013.

target corp (TGT) Key Developments

Target Corporation Plans to Locate a New 900,000 Square Foot Online Fulfillment Center

Target Corporation announced the company's plans to locate a new 900,000 square foot online fulfillment center at 5461 Davidson Road in Memphis. The company will invest upwards of $50 million in the facility and create more than 400 new jobs in Shelby County.

Judge Says Target Corp. Had Duty to Protect Debit and Credit Card Information from Cyberthieves

Minnesota federal judge announced that Target Corp. had a duty to protect debit and credit card information from cyberthieves. U.S. District Judge Paul Magnuson rejected Target's attempt to dismiss claims filed by a group of financial institutions seeking damages related to the retailer's data breach in late 2013. The judge ruled that the plaintiffs, which include the $282 million CSE Federal Credit Union of Lake Charles, La., have a plausible case for negligence because Target played a key role in allowing cyberthieves to hack into computer systems and obtain card data and possibly personal information of card holders. Magnuson agreed to allow three of four claims made by plaintiffs to move forward, but dismissed one count that claimed negligent misrepresentation by omission, which was related to Target's security system. The existing claims allege negligence, failure to provide sufficient security and violations of Minnesota's Plastic Security Card Act. The judge's ruling will enable the five lead plaintiffs, CSEFCU and four banks, to continue on their path of seeking class-action status on behalf of lenders nationwide. The much-anticipated ruling was praised by attorneys representing the credit union and banks. Following the Target breach in 2013, the Minneapolis-based retailer faced a storm of lawsuits. The $220 million Alabama State Employees Credit Union of Montgomery, Ala., was the first financial institution to sue the retailer. Other cooperatives, such as the $38 million First Choice Federal Credit Union of New Castle, Penn., have also joined in litigation across the country aimed at giant retailers such as Target and Home Depot. The courts have consolidated all the federal cases into two lawsuits, one involving financial institutions and the other including consumers. The financial institutions are seeking millions in damages to recover costs related to the breach, including issuing new credit and debit cards, according to court records. In its motion seeking dismissal, Target announced the effected credit unions and banks were sophisticated parties that lacked the close ties to the retailer necessary to support the legal claims. Target also asked Magnuson to dismiss a related class-action lawsuit filed by consumers, according to national media.

Target Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 1, 2014; Reports Impairments for the Third Quarter Ended November 1, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year 2014

Target Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended November 1, 2014. For the quarter, the company reported sales of $17,732 million against $17,258 million a year ago. Earnings before interest expense and income taxes were $677 million against $703 million a year ago. Earnings before income taxes were $512 million against $538 million a year ago. Net earnings were $352 million or $0.55 per diluted share against $341 million or $0.54 per diluted share a year ago. EBITDA was $1,462 million against $1,481 million a year ago. EBIT was $927 million against $977 million a year ago. Adjusted diluted earnings per share were $0.54 against $0.56 a year ago. For the nine months, the company reported sales of $52,188 million against $51,081 million a year ago. Earnings before interest expense and income taxes were $2,307 million against $3,243 million a year ago. Earnings before income taxes were $1,519 million against $2,278 million a year ago. Net earnings were $1,004 million or $1.57 per diluted share against $1,451 million or $2.26 per diluted share a year ago. EBITDA was $4,742 million against $5,034 million a year ago. EBIT was $3,158 million against $3,546 million a year ago. Adjusted diluted earnings per share were $2.02 against $2.35 a year ago. Cash provided by operations was $2,050 million against $4,753 million a year ago. Expenditures for property and equipment was $1,570 million against $2,839 million a year ago. The company reported pretax impairments of $16 million for the third quarter ended November 1, 2014. In fourth quarter 2014, the company expects adjusted EPS of $1.13 to $1.23, reflecting operating results in its U.S. and Canadian Segments. The company expects full-year 2014 adjusted EPS of $3.15 to $3.25. Full-year 2014 GAAP EPS is expected to be 45 cents below Adjusted EPS, reflecting: Pre-tax early debt retirement losses, recognized in interest expense, of $285 million, or 27 cents per share; Year-to-date net pre-tax data breach expenses of $140 million, or 14 cents per share; pre-tax impairment losses of $31 million, or 3 cents per share; pre-tax expense of $13 million, or 1 cent per share, related to Target's decision to convert existing co-branded cards to MasterCard chip-enabled cards in 2015, and; a 5 cent per share impact related to the expected reduction of the beneficial interest asset, partially offset by; a benefit of 5 cents per share from the favorable resolution of various income tax matters.

 

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Industry Analysis

TGT

Industry Average

Valuation TGT Industry Range
Price/Earnings 30.3x
Price/Sales 0.6x
Price/Book 2.8x
Price/Cash Flow 11.8x
TEV/Sales 0.4x
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