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Stock research / United States / TGT · Retail-Variety Stores · NYSE

Target Corp. (TGT)

Target is a general merchandise and grocery retailer selling through its own stores and its digital channels, run as a single segment. It was incorporated in Minnesota in 1902 and calls its customers guests. It ended the year with 1,995 stores, having opened 18 and closed one, against 1,978 a year earlier. Since 1946 it has given 5 percent of its profit to communities.

Target Corp.

Target is a general merchandise and grocery retailer selling through its own stores and its digital channels, run as a single segment. It was incorporated in Minnesota in 1902 and calls its customers guests. It ended the year with 1,995 stores, having opened 18 and closed one, against 1,978 a year earlier. Since 1946 it has given 5 percent of its profit to communities.

The stores

Retail square feet totalled 250,518 thousand at 31 January 2026. By size, 273 stores are 170,000 square feet or larger, 1,576 run between 50,000 and 169,999 square feet, and 146 are smaller than that. Most stores carry a wide assortment of general merchandise and groceries, and most of those above 170,000 square feet carry a full grocery line comparable to a traditional supermarket. Stores are also the fulfilment network: they filled more than 97 percent of total merchandise sales in each of the last three years, and the majority of digitally originated sales, through Order Pickup, Drive Up and Same-Day Delivery. Most merchandise reaches the stores through the company's own distribution centres, with certain food and beverage items shipped direct by vendors.

Merchandise and brands

The business is managed across six core merchandise categories. National brands account for most of what is sold, with approximately thirty percent of merchandise sales coming from owned and exclusive brands, among them Good & Gather, up & up, Cat & Jack, Threshold, Universal Thread, Goodfellow & Co, All in Motion and Hearth & Hand with Magnolia. Target Plus is a third-party digital marketplace that widens the online assortment. Design and creative partnerships and shop-in-shop arrangements run with partners including Apple, Levi's and Ulta Beauty, in-store amenities include Starbucks and Target Optical, and CVS Pharmacy operates pharmacies and clinics inside the stores under a perpetual operating agreement that pays annual occupancy income. In 2025 the company and Ulta Beauty agreed to end the shop-in-shop agreement when it expires in August 2026.

Sourcing and tariffs

Global sourcing operations work from offices in 13 countries, with a particular focus on owned brands, covering design, development, manufacturing, product quality and safety and cost management. Approximately one-half of the merchandise offered is sourced from outside the United States, with China the largest country of origin, and Target is the importer of record for most owned and exclusive and certain national brand merchandise, which makes it responsible for customs classification, import valuation and duties. Against tariffs it negotiates with suppliers, diversifies sourcing and reviews assortment and pricing, and it uses the first sale customs valuation method on certain qualifying direct imports, paying duty on the price it pays its vendors and later claiming refunds on cycles that often extend beyond a year.

Circle and Roundel

Beyond merchandise, the company earns from Roundel, which sells advertising services to vendors and other third parties including marketplace sellers, from credit card profit sharing on the Target Circle Card programme, from the Target Plus marketplace and from membership fees. Target Circle has three levels: a free membership carrying deals, instant discounts and rewards; the Target Circle Card, which gives a 5 percent discount on nearly all purchases along with free standard and 2-day shipping on eligible digital orders and extended returns; and a paid Target Circle 360 membership, which adds unlimited same-day delivery on eligible orders over $35 from Target and other retailers.

People and the year

Approximately 415,000 full-time, part-time and seasonal team members were employed at 31 January 2026, with employment peaking in the holiday season, and independent contractors are used as well, most notably in the Shipt subsidiary. A larger share of annual net sales is traditionally earned in the fourth quarter because it includes the November and December holiday selling period.

From Target's annual report on Form 10-K for the year ended 31 January 2026. The filing

Compare with another name What $10,000 in Target became

Next results: expected around 18 Nov 2026, last year 19 Nov 2025. Earnings calendar

Latest results

Latest quarterQ2 FY2026ended 1 August 2026 · 10-Q filed 28 August 2026
Revenue
$26.5 billion
+5.3% on the year · +4.3% on the quarter
Q3 FY2024Q2 FY2026
Net income
$1.9 billion
+100.7% on the year · +140.3% on the quarter
Q3 FY2024Q2 FY2026
Diluted EPS
$4.11
+100.5% on the year · +140.4% on the quarter
Q3 FY2024Q2 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q2 FY2026 results →the 10-Q on EDGAR ↗
Last full yearFY2025ended 31 January 2026 · 10-K filed 11 March 2026
Revenue
$104.8 billion
-1.7% on the year
FY2018FY2025
Net income
$3.7 billion
-9.4% on the year
FY2018FY2025
Diluted EPS
$8.13
-8.2% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsTarget (TGT) reported revenue of $104.8 billion for fiscal 2025, the year ended 31 January 2026, down 1.7% on the year before. Net income was $3.7 billion and diluted earnings per share $8.13. Revenue was $106.6 billion in fiscal 2024, $107.4 billion in fiscal 2023, $109.1 billion in fiscal 2022 and $106.0 billion in fiscal 2021. Net income in the same years was $4.1 billion, $4.1 billion, $2.8 billion and $6.9 billion. Over the twelve months to 1 August 2026, Target reported revenue of $107.7 billion and net income of $4.4 billion. Revenue grew 2.3% a year, compounded, over the five years to fiscal 2025. Target declared $4.58 a share in dividends over the last four quarters and had 454 million shares outstanding at the latest filed count. At 1 August 2026 it carried $15.4 billion of debt and $5.4 billion of cash. At the close of 6 November 2026 the market cap of Target was $71.9 billion, 16.4 times its earnings over the last twelve months.
Read the FY2025 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROE24.6%
ROCE18.1%
Operating margin5.6%
Net margin4.1%
FCF margin4.1%
Interest cover14.1x
Debt to equity0.86x
Cash conversion1.99x
Share count, last 12 months-0.0%
Sales CAGR, 3 years-1.3%
Profit CAGR, 3 years10.0%
EPS, TTM$9.63

At the close of 6 November 2026

Price$158.36
Market cap$71.9 billion
Stock P/E16.4x
Price to book4.0x
EV / EBITDA9.2x
Dividend yield2.9%
Market cap / sales0.67x
52-week high$169.89
52-week low$83.68
Price, 1 year77.6%
Price CAGR, 3 years12.5%
Price CAGR, 5 years-9.0%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Target Corp.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
TGTgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q3 FY2021Q4 FY2021 *Q1 FY2022 †Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024 †Q2 FY2024 †Q3 FY2024 †Q4 FY2024 * †Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue25,65230,99625,17026,03726,51831,39525,32224,77325,39831,91924,53125,45225,66830,91523,84625,21125,27030,45325,44326,539
Cost of revenue18,206n/a18,46120,14219,68023,94618,38617,79818,14923,40317,44917,79918,37522,87917,12817,90318,13722,34318,06117,603
Gross profit7,446n/a6,7095,8956,8387,4496,9366,9757,2498,5167,0827,6537,2938,0366,7187,3087,1338,1107,3828,936
Gross margin29%n/a27%23%26%24%27%28%29%27%29%30%28%26%28%29%28%27%29%34%
SG&A4,8595,5354,7625,0025,2195,6755,0255,1845,3166,0295,1465,3655,4595,9994,5915,3595,5366,0495,5625,725
Operating income2,0102,0951,3463211,0221,1591,3281,1971,3171,8651,2961,6351,1681,4671,4721,3179481,3801,1352,560
Operating margin8%7%5%1%4%4%5%5%5%6%5%6%5%5%6%5%4%5%4%10%
Interest expense10510411211212512914714110710710611010590.011611611598.011798.0
Pre-tax income1,9112,0171,2492179091,0431,2041,0721,2351,7861,2191,5451,0911,4061,3821,2188591,3081,0332,459
Tax rate22%23%19%16%22%16%21%22%21%23%23%23%22%22%25%23%20%20%24%24%
Net income1,4881,5441,0091837128769508359711,3829421,1928541,1031,0369356891,0467811,877
Net margin6%5%4%1%3%3%4%3%4%4%4%5%3%4%4%4%3%3%3%7%
Diluted EPS$3.04$3.24$2.16$0.39$1.54$1.89$2.05$1.80$2.10$2.98$2.03$2.57$1.85$2.41$2.27$2.05$1.51$2.30$1.71$4.11
Operating cash flow2,1753,028-1,3941,3475993,4661,2652,1331,9343,2891,1012,2387393,2892752,0831,1273,0777163,803
Capital expenditure1,1451,0619521,5711,8001,2051,6051,2201,1278546746396559237901,0749788851,0351,369
Free cash flow1,0301,967-2,346-224-1,2012,261-3409138072,4354271,59984.02,366-5151,0091492,192-3192,434
Buybacks2,1922,31410.02,6404.01.00.00.00.00.00.01553515012508.01500.00.03.0
Dividends paid440432424418497497497499507508508509516513510509518516516518
Shares outstanding481m471m464m460m460m460m462m462m462m462m463m462m459m456m454m454m453m453m454m454m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2007FY2008FY2009FY2010FY2011FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Revenue63,36764,94865,35767,39069,86573,30171,27972,61873,78570,27172,71475,35678,11293,561106,005109,120107,412106,566104,780107,705
Cost of revenue42,92944,15744,06245,72547,86050,56850,03951,27852,24149,14551,12553,29954,86466,17774,96382,22977,73676,50275,51176,144
Gross profit20,43820,79121,29521,66522,00522,73321,24021,34021,54420,35020,75422,05723,24827,38431,04226,89129,67630,06429,26931,561
Gross margin32.3%32.0%32.6%32.1%31.5%31.0%29.8%29.4%29.2%29.0%28.5%29.3%29.8%29.3%29.3%24.6%27.6%28.2%27.9%29.3%
Selling, general and administrative12,67012,95413,07813,46914,10614,64314,46514,67614,66514,21715,14015,72316,23318,61519,75220,58121,46221,96921,53522,872
Operating incomen/an/a4,5765,1695,2505,206n/an/an/a4,8644,2244,1104,6586,5398,9463,8485,7075,5665,1176,023
Operating marginn/an/a7.0%7.7%7.5%7.1%n/an/an/a6.9%5.8%5.5%6.0%7.0%8.4%3.5%5.3%5.2%4.9%5.6%
Interest expense6478668017578666841,049882607991653461477977421478502411445428
Pre-tax income4,6253,5363,8724,4954,4565,0564,1213,6534,9233,9653,6303,6764,1905,5468,9073,4185,2975,2614,7675,659
Income tax1,7761,3221,3841,5751,5271,7411,4271,2041,6021,2967227469211,1781,9616381,1591,1701,0621,267
Effective tax rate38.4%37.4%35.7%35.0%34.3%34.4%34.6%33.0%32.5%32.7%19.9%20.3%22.0%21.2%22.0%18.7%21.9%22.2%22.3%22.4%
Net income2,8492,2142,4882,9202,9292,9991,971-1,6363,3632,7372,9142,9373,2814,3686,9462,7804,1384,0913,7054,393
Net margin4.5%3.4%3.8%4.3%4.2%4.1%2.8%-2.3%4.6%3.9%4.0%3.9%4.2%4.7%6.6%2.5%3.9%3.8%3.5%4.1%
Diluted EPS$3.33$2.86$3.30$4.00$4.28$4.52$3.07-$2.56$5.31$4.70$5.29$5.51$6.36$8.64$14.10$5.98$8.94$8.86$8.13$9.63
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service FY2017 to FY2026

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026Share
of the parts, latest year
Food & beverage13,83114,25614,58515,03918,13520,30622,91823,89923,82824,13623.0%
Household essentialsn/an/an/an/an/an/a18,48318,74618,61418,01717.2%
Hardlines11,50712,06212,70912,59516,62618,61417,73916,16215,78415,80015.1%
Apparel And Accessories14,30413,32313,43414,30414,77217,93117,64616,48516,50515,73715.0%
Home Furnishings and Decor13,13013,67214,29814,43018,23120,25519,46317,76016,69915,60814.9%
Beautyn/an/an/an/an/an/a11,09212,53813,17313,21412.6%
Advertising revenuen/an/an/an/an/an/a4045226499150.9%
Other1942342503024956843944205216260.6%
Credit card profit sharing6636946736806667107346675765220.5%
Other merchandise sales921091111461752372472132172050.2%
Beauty and household essentials16,55018,36419,29620,61624,46127,268n/an/an/an/an/a
Food & beverageHousehold essentials FY2023 to FY2026HardlinesApparel And AccessoriesHome Furnishings and DecorBeauty FY2023 to FY2026Advertising revenue FY2023 to FY2026Beauty and household essentials FY2017 to FY2022Other
72.7FY201878.1FY2020106.0FY2022107.4FY2024104.8FY2026

$ billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

First forecast against the result

Target's adjusted EPS landed at or above the top of the range in 3, inside it in 1 and under it in 2 of the 6 years shown (FY2012 to FY2019).

+0.2%FY2012−13.3%FY2013−7.2%FY2016+12.1%FY2017−1.1%FY2018+5.6%FY2019
  • At or above the top of the range
  • Inside the range
  • Under the range

Each bar is the year's result against the top of its first forecast range, in per cent of the top. Hover a bar for the figures.

Fiscal yearFirst forecast
adjusted EPS		Result
FY2012$4.55 to $4.75$4.76
FY2013$4.85 to $5.05$4.38
FY2016$5.20 to $5.40$5.01
FY2017$3.80 to $4.20$4.71
FY2018$5.15 to $5.45$5.39
FY2019$5.75 to $6.05$6.39
First forecast
The full-year range the company gave with its fourth-quarter results for the year before, before any later change to it.
Result
The figure the company reported for that year with its next fourth-quarter results.
Adjusted EPS
The company's own measure, which leaves out items it names, so it differs from the EPS in the tables above.
Years left out
Where the forecast or the result could not be read with confidence. Each figure in the table links to the results release it comes from.

Cash flow

FY2007FY2008FY2009FY2010FY2011FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Operating cash flow4,1254,4305,8815,2715,4345,3256,5204,4655,9585,4366,9235,9737,11710,5258,6254,0188,6217,3676,5628,723
Capital expenditure4,3693,5471,7292,1294,3682,3461,8861,7861,4381,5472,5333,5163,0272,6493,5445,5284,8062,8913,7274,267
Free cash flow-2448834,1523,1421,0662,9794,6342,6794,5203,8894,3902,4574,0907,8765,081-1,5103,8154,4762,8354,456
Free cash flow margin-0.4%1.4%6.4%4.7%1.5%4.1%6.5%3.7%6.1%5.5%6.0%3.3%5.2%8.4%4.8%-1.4%3.6%4.2%2.7%4.1%
Cash from investing-6,195-4,373-1,703-1,744n/a-2,855-271-1,926508-1,473-3,075-3,416-2,944-2,591-3,154-5,504-4,760-2,860-3,649-4,193
Cash from financing3,707-1,643-2,842-4,015n/a-2,488-6,364-1,024-4,630-5,497-3,729-3,644-3,152-2,000-8,071-2,196-2,285-3,550-2,187-3,460
Depreciation and amortisation1,6591,8262,0232,0842,1312,0441,9962,1292,2132,3182,4762,4742,6042,4852,6422,7002,8012,9813,1342,916
Share-based compensation73.072.010310990.010210671.0115113112132147200228220251304281302
Buybacks2,4772,8154232,4521,8421,8751,46126.03,4833,7061,0462,1241,5657457,1882,6460.01,007408153
Dividends paid4424654966097508691,0061,2051,3621,3481,3381,3351,3301,3431,5481,8362,0112,0462,0532,068
Dividend per sharen/a$0.62$0.67$0.92$1.15$1.38$1.65$1.99$2.20$2.36$2.46$2.54$2.62$2.70$3.38$4.14$4.38$4.46$4.54$4.58
Diluted shares, weighted851m774m755m729m684m663m642m640m633m582m550m533m516m505m493m465m463m462m456m457m
Shares outstanding at period endn/a753m745m704m669m645m633m640m602m556m542m518m504m501m471m460m462m456m453m454m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2007FY2008FY2009FY2010FY2011FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Funded by
Shareholders' equity15,30713,71215,34715,48715,82116,55816,23113,99712,95710,91511,65111,29711,83314,44012,82711,23213,43214,66616,16517,843
Debtn/a12,00010,64315,72617,48317,64811,67811,94611,85911,71510,44011,27511,49912,68013,72014,14114,15113,90414,39815,357
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/a1,9242,0042,2752,2182,4932,6383,2793,5823,4623,332
Finance lease liabilitiesn/an/an/an/an/an/an/an/an/an/a8859681,3031,7661,9671,9431,8942,0251,982n/a
Other liabilitiesn/a18,39418,54312,49213,32613,95716,64415,22915,44614,80115,40315,74615,86920,14422,80423,38122,60023,59223,48324,703
Total liabilities and equityn/a44,10644,53343,70546,63048,16344,55341,17240,26237,43140,30341,29042,77951,24853,81153,33555,35657,76959,49061,235
Owned
Fixed assetsn/a25,75625,28025,49329,14930,65326,41225,95825,21724,65824,53625,53326,28326,87928,18131,51233,096n/an/an/a
Goodwilln/an/a59.059.059.059.0151147133133630633633631631631631631631n/a
Intangible assetsn/an/a18016418316517315514512679.066.053.037.0n/an/an/an/an/an/a
Investmentsn/a3021,6171,1291941303.01,5203,0081,1101,9067691,8107,6444,9851,3432,8973,8934,611n/a
Cash and equivalentsn/an/an/an/an/an/an/an/a4,0462,5122,6431,5562,5778,5115,9112,2293,8054,7625,4885,411
Inventoryn/a6,7057,1797,5967,9187,9038,2788,2828,6018,3098,5979,4978,99210,65313,90213,49911,88612,74012,30413,249
Other assetsn/a11,34310,2189,2649,1279,2539,5365,110n/a5831,9123,2362,431n/a2014,1213,04135,74336,45642,575
Total assetsn/a44,10644,53343,70546,63048,16344,55341,17240,26237,43140,30341,29042,77951,24853,81153,33555,35657,76959,49061,235
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded3.6%2.3%-1.3%2.0%
Profit growth, compounded1.0%-3.2%10.0%11.8%
Return on equity, average29.5%32.1%27.2%22.9%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

When does Target report its next earnings?

Target is expected to report its next results around 18 Nov 2026, the same weekday a year after it reported the same quarter last year on 19 Nov 2025. No day set by the company is on record yet.

What was Target's revenue in fiscal 2025?

Target (TGT) reported revenue of $104.8 billion for fiscal 2025, the year ended 31 January 2026, down 1.7% on the year before.

How much did Target earn in fiscal 2025?

Net income was $3.7 billion for fiscal 2025, and diluted earnings per share $8.13.

What is Target's P/E ratio?

At the close of 6 November 2026, Target traded at 16.4 times its earnings over the twelve months to 1 August 2026.

What is Target's market cap?

The market cap of Target was $71.9 billion at the close of 6 November 2026.

Does Target pay a dividend?

Yes. Target declared $4.58 a share in dividends over the four quarters to 1 August 2026.

Peers: Retail

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Walmart Inc. WMT$995.5 billion45.3022.5%4.4%6.2%0.510.7%
Costco Wholesale Corp. COST$467.0 billion50.7425.8%3.9%10.1%0.170.5%
Carvana Co. CVNA$81.1 billion38.4339.2%8.7%50.3%1.20n/a
ROSS Stores, Inc. ROST$73.8 billion27.9739.4%13.7%14.0%0.150.7%
O'Reilly Automotive, Inc. ORLY$72.3 billion27.58n/a19.8%8.7%n/an/a
Target Corp. TGT$71.9 billion16.4424.6%5.6%2.0%0.862.9%
Dollar General Corp. DG$29.5 billion17.3918.3%5.6%4.8%0.491.8%
Dollar Tree, Inc. DLTR$24.6 billion16.0247.1%11.0%8.2%0.86n/a
BJ's Wholesale Club Holdings, Inc. BJ$13.8 billion23.9527.1%3.8%9.1%0.29n/a
Five Below, Inc. FIVE$13.2 billion21.5925.0%14.7%25.6%0.00n/a
Ollie's Bargain Outlet Holdings, Inc. OLLI$5.4 billion20.1614.4%12.3%14.4%0.00n/a
Pricesmart Inc. PSMT$5.0 billion30.1011.4%4.4%11.5%0.120.9%
All 110 in Retail
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Amazon.com Inc. AMZN$2.80 trillion20.9722.0%13.1%15.4%0.29n/a
Walmart Inc. WMT$995.5 billion45.3022.5%4.4%6.2%0.510.7%
Costco Wholesale Corp. COST$467.0 billion50.7425.8%3.9%10.1%0.170.5%
Home Depot, Inc. HD$342.7 billion24.0385.6%12.4%2.5%3.182.7%
TJX Companies Inc. TJX$149.0 billion25.0157.0%n/a7.7%0.271.3%
Lowe's Companies Inc. LOW$126.0 billion18.99n/a11.4%8.2%n/a2.2%
CVS Health Corp. CVS$107.3 billion9.7613.7%3.6%6.7%0.753.2%
Sherwin Williams Co. SHW$83.1 billion31.6267.3%n/a7.0%2.970.9%
Carvana Co. CVNA$81.1 billion38.4339.2%8.7%50.3%1.20n/a
ROSS Stores, Inc. ROST$73.8 billion27.9739.4%13.7%14.0%0.150.7%
O'Reilly Automotive, Inc. ORLY$72.3 billion27.58n/a19.8%8.7%n/an/a
Target Corp. TGT$71.9 billion16.4424.6%5.6%2.0%0.862.9%
Fastenal Co. FAST$60.8 billion42.7334.2%20.5%13.5%0.021.8%
Autozone Inc. AZO$52.0 billion21.04n/a18.3%7.4%n/an/a
JD.com, Inc. JD *$40.0 billion15.038.7%0.2%13.0%0.333.6%
Kroger Co. KR$40.0 billion36.8018.6%1.4%1.6%2.912.1%
Williams Sonoma Inc. WSM$29.9 billion26.0155.1%19.2%2.2%0.001.1%
Copart Inc. CPRT$29.6 billion20.6116.3%35.4%0.4%0.00n/a
Dollar General Corp. DG$29.5 billion17.3918.3%5.6%4.8%0.491.8%
Coupang, Inc. CPNG$29.2 billionn/a-48.0%-3.4%7.4%0.62n/a
Ulta Beauty, Inc. ULTA$27.6 billion23.4945.8%12.5%11.2%0.13n/a
Casey's General Stores, Inc. CASY$25.4 billion33.1318.9%8.3%13.8%0.590.3%
Dollar Tree, Inc. DLTR$24.6 billion16.0247.1%11.0%8.2%0.86n/a
Best Buy Co., Inc. BBY$21.0 billion16.5840.0%4.1%1.4%0.373.8%
CDW Corp. CDW$19.6 billion18.3341.7%7.0%10.9%2.701.6%
Tractor Supply Co. TSCO$18.9 billion19.5436.7%8.2%3.5%0.842.6%
Burlington Stores, Inc. BURL$15.5 billion22.1435.7%7.7%10.9%0.96n/a
Wayfair Inc. W$15.3 billionn/an/a2.1%7.9%n/an/a
Penske Automotive Group, Inc. PAG$13.9 billion15.5015.2%3.7%1.4%0.842.7%
BJ's Wholesale Club Holdings, Inc. BJ$13.8 billion23.9527.1%3.8%9.1%0.29n/a
Five Below, Inc. FIVE$13.2 billion21.5925.0%14.7%25.6%0.00n/a
Dick's Sporting Goods, Inc. DKS$12.5 billion15.1214.7%5.5%53.5%0.333.5%
GameStop Corp. GME$11.3 billion16.5214.5%13.5%-7.7%0.68n/a
Murphy USA Inc. MUSA$9.5 billion14.6183.6%4.2%20.2%2.760.5%
Chewy, Inc. CHWY$9.1 billion34.1773.9%2.5%5.9%1.60n/a
Victoria's Secret & Co. VSXY$8.6 billion24.4438.2%7.9%10.3%0.98n/a
FirstCash Holdings, Inc. FCFS$8.0 billion20.1217.9%12.9%22.9%1.080.9%
Gap Inc. GAP$7.5 billion6.4131.6%11.0%1.1%0.383.2%
Carmax Inc. KMX$7.3 billion25.124.6%n/a4.8%2.76n/a
Urban Outfitters Inc. URBN$7.3 billion13.2319.9%11.3%11.0%0.00n/a
Builders FirstSource, Inc. BLDR$6.7 billion168.971.0%2.1%-8.3%1.13n/a
Lithia Motors Inc. LAD$6.7 billion8.8811.9%4.0%1.6%1.780.8%
Abercrombie & Fitch Co. ANF$6.3 billion12.7939.6%13.7%4.7%0.00n/a
Macy's, Inc. M$6.0 billion8.4615.2%5.0%0.3%0.493.2%
Albertsons Companies, Inc. ACI$6.0 billionn/a-3.6%0.5%2.3%6.515.0%
Autonation, Inc. AN$5.9 billion8.8431.9%4.6%-1.8%3.06n/a
Floor & Decor Holdings, Inc. FND$5.4 billion22.989.6%6.5%1.8%0.08n/a
Ollie's Bargain Outlet Holdings, Inc. OLLI$5.4 billion20.1614.4%12.3%14.4%0.00n/a
Rush Enterprises Inc. RUSHA$5.1 billion19.1311.6%5.1%-2.6%0.521.2%
Pricesmart Inc. PSMT$5.0 billion30.1011.4%4.4%11.5%0.120.9%
Insight Enterprises Inc. NSIT$4.6 billion26.5711.6%4.1%9.0%0.96n/a
Sprouts Farmers Market, Inc. SFM$4.5 billion9.4232.4%7.3%5.3%0.08n/a
Signet Jewelers Ltd. SIG$4.5 billion13.5119.3%6.8%0.6%0.001.1%
Bath & Body Works, Inc. BBWI$4.3 billion5.56n/a16.7%-2.2%n/a3.7%
Openlane, Inc. OPLN$4.2 billionn/a12.5%11.9%12.8%1.65n/a
Academy Sports & Outdoors, Inc. ASO$4.2 billion11.2218.2%9.6%3.7%0.230.8%
Boot Barn Holdings, Inc. BOOT$3.9 billion15.8618.3%13.8%16.8%0.00n/a
Asbury Automotive Group Inc. ABG$3.6 billion8.0811.6%4.2%-1.3%0.84n/a
American Eagle Outfitters Inc. AEO$3.3 billion10.1619.1%7.8%9.2%0.032.5%
Pattern Group Inc. PTRN$3.2 billion28.1217.8%4.3%n/a0.00n/a
Group 1 Automotive Inc. GPI$3.1 billion8.2712.4%3.6%-3.4%1.960.8%
Advance Auto Parts Inc. AAP$2.7 billion27.774.4%3.0%-0.3%1.502.2%
Guardian Pharmacy Services, Inc. GRDN$2.7 billion36.2726.7%6.5%4.9%0.00n/a
Kohl's Corp. KSS$2.6 billion10.056.5%3.8%-2.9%0.322.2%
Bob's Discount Furniture, Inc. BOBS$2.5 billion17.4124.9%8.4%n/a0.00n/a
RH RH$2.5 billion23.2992.7%10.0%3.3%19.69n/a
Buckle Inc. BKE$2.2 billion9.6745.2%20.8%6.2%0.003.3%
Arhaus, Inc. ARHS$2.0 billion30.8315.2%6.1%5.2%0.00n/a
Sonic Automotive Inc. SAH$2.0 billion9.9319.4%3.2%2.0%1.652.5%
Weis Markets Inc. WMK$1.9 billion18.587.5%2.6%4.3%0.001.7%
Ezcorp Inc. EZPW$1.8 billion14.4113.6%13.9%28.6%0.45n/a
Sally Beauty Holdings, Inc. SBH$1.7 billion9.5322.1%8.4%1.1%0.94n/a
TheRealReal, Inc. REAL$1.6 billionn/an/a0.4%18.1%n/an/a
Ingles Markets Inc. IMKTA$1.6 billion15.036.2%2.6%1.0%0.30n/a
Savers Value Village, Inc. SVV$1.5 billion24.5713.2%8.1%10.1%1.41n/a
Revolve Group, Inc. RVLV$1.3 billion20.1311.8%5.6%14.7%0.00n/a
Grocery Outlet Holding Corp. GO$1.3 billionn/a-46.7%-7.9%5.1%0.62n/a
Marinemax Inc. HZO$1.2 billion376.460.4%3.0%-5.4%1.02n/a
Suburban Propane Partners LP SPH$1.1 billion8.77n/a15.1%-2.5%n/an/a
Petco Health & Wellness Company, Inc. WOOF$956 million29.502.5%2.2%-1.3%1.22n/a
Winmark Corp. WINA$943 million23.63n/a59.7%8.6%n/an/a
Krispy Kreme, Inc. DNUT$721 millionn/a-13.7%-2.2%-7.5%1.410.8%
Natural Grocers by Vitamin Cottage, Inc. NGVC$661 million13.9319.9%4.7%2.0%0.012.0%
Honest Company, Inc. HNST$544 million6.7529.8%-4.2%-12.8%0.00n/a
Titan Machinery Inc. TITN$523 millionn/a-10.2%-0.4%-10.7%1.43n/a
Camping World Holdings, Inc. CWH$474 millionn/a-499.8%-3.5%-5.5%52.72n/a
Arko Corp. ARKO$445 million79.302.9%1.2%5.9%1.51n/a
Barnes & Noble Education, Inc. BNED$437 million19.648.0%2.5%5.0%0.44n/a
Star Group, L.P. SGU$433 millionn/an/a7.1%7.6%n/an/a
Shoe Station Group Inc. SHOE$395 million16.523.6%2.8%-4.1%0.004.4%
Genesco Inc. GCO$390 million9.397.4%2.0%3.0%0.03n/a
Nextnrg, Inc. NXXT$383 millionn/an/a-50.9%90.3%n/an/a
Citi Trends Inc. CTRN$375 million54.885.9%0.6%11.1%0.00n/a
Build-A-Bear Workshop Inc. BBW$370 million7.37n/an/a-0.9%0.002.8%
Stitch Fix, Inc. SFIX$365 millionn/a-6.4%-1.6%6.4%0.00n/a
Lands' End, Inc. LE$279 million0.8371.3%0.5%0.4%0.12n/a
Envela Corp. ELA$278 million12.6127.9%9.6%47.7%0.12n/a
Lovesac Co. LOVE$228 million12.938.5%3.3%1.1%0.00n/a
Zumiez Inc. ZUMZ$223 million19.564.6%2.2%3.6%0.00n/a
Torrid Holdings Inc. CURV$216 millionn/an/a1.9%-11.2%n/an/a
1stdibs.com, Inc. DIBS$205 millionn/a-7.4%-10.8%2.6%0.00n/a
ThredUp Inc. TDUP$171 millionn/a-38.8%-7.2%14.1%0.29n/a
Neighborhood Intelligence, Inc. NXH$166 millionn/a-35.2%-9.8%29.5%0.73n/a
1 800 Flowers COM Inc. FLWS$165 millionn/a-146.6%-8.4%-10.8%2.88n/a
Vince Holding Corp. VNCE$164 million22.2313.0%4.3%8.0%0.21n/a
A.K.A. Brands Holding Corp. AKA$110 millionn/a-32.7%-2.9%3.8%1.13n/a
GrowGeneration Corp. GRWG$91 millionn/a-18.7%-10.8%1.6%0.00n/a
Bark, Inc. BARK$83 millionn/a-33.8%-7.5%-22.2%0.00n/a
Rent the Runway, Inc. RENT$74 million0.17n/a-12.3%21.2%n/an/a
Host Digital Inc. HOST$63 millionn/a-274.8%-8.7%-7.3%1.35n/a
8 companies share its SEC industry code (Retail-Variety Stores); the rest are the names nearest in size in its wider industry, Retail, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on TGT

Dividends$4.58 a share over the four quarters to 1 August 2026, a 2.89% yield
Filings20 in twelve months: 11 current reports (8-K), about 5 results of operations; 5 officer or director change; 1 material agreement; 1 termination of a material agreement; 1 new financial obligation
Planned insider sales9 Form 144 notices in twelve months, $29.3 million; latest 25 August 2026
Options tapeput/call 0.77 by open interest at the 6 November 2026 close; the straddle prices a 3.9% move to 13 November 2026
13F holders1,908 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading9 sales and 0 purchases on Form 4 in twelve months
Congress1 House trade disclosed in six months
Short interest17.0 million shares short, 4.19 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q1 August 202628 August 2026EDGAR
10-Q2 May 202629 May 2026EDGAR
10-K31 January 202611 March 2026EDGAR
10-Q1 November 202526 November 2025EDGAR
10-Q2 August 202529 August 2025EDGAR
10-Q3 May 202530 May 2025EDGAR
10-K1 February 202512 March 2025EDGAR
10-Q2 November 202427 November 2024EDGAR
10-Q3 August 202430 August 2024EDGAR
10-Q4 May 202431 May 2024EDGAR

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