Investors | Target Corporation (2024)

FAQs

What is Target earnings call for 2024? ›

Target introduced its earnings outlook for 2024 of adjusted earnings between $8.60 to $9.60 per share. The midpoint of that range was largely in line with analysts' expectations of $9.14 per share, according to LSEG data.

Vanguard owns the most shares of Target (TGT). The ownership structure can impact the company's decision making, as large institutional investors may exert influence on the company's management and can also affect the company's stock price with their buying and selling patterns.

Full-year total revenue of $107.4 billion decreased 1.6 percent compared with 2022, reflecting a 1.7 percent decline in sales partially offset by a 5.1 percent increase in other revenue. Fourth quarter operating income margin rate was 5.8 percent in 2023 compared with 3.7 percent in 2022.

Target Corporation, American mass-market retail company operating large-scale food and general-merchandise discount stores. It is one of the largest discount retailers in the United States, and its red bull's-eye logo is familiar throughout the country. Corporate headquarters are in Minneapolis, Minnesota.

Total debt on the balance sheet as of January 2024 : $19.64 B. According to Target's latest financial reports the company's total debt is $19.64 B. A company's total debt is the sum of all current and non-current debts.

Your OTE is the amount of money you can expect to earn if you hit 100% of your quota. This number is usually given in an annual figure. For example, a sales job posting might say “$90,000 OTE”. This number is sometimes rounded to an even earnings number for convenience.

Most of the ownership of Target Corporation is held by institutional investors, who control about 82.85% of the outstanding shares. Target Corporation was originally a subsidiary of the Dayton-Hudson Corporation, which was owned and controlled by the Dayton family.

As of December 2023, Target is a publicly traded company on the New York Stock Exchange. This means they don't have one singular owner, but instead multiple owners.

Brian Cornell (Aug 12, 2014–)

Target Corporation / CEO

Despite a decline in revenues due to soft demand in discretionary categories, disciplined cost and inventory management contributed to a meaningful improvement in earnings. The company remains fundamentally sound and financially stable, demonstrating the capacity to sustain dividend payments.

Is Target a good or bad company? ›

How satisfied are employees working at Target? 60% of Target employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated Target 3.3 out of 5 for work life balance, 3.5 for culture and values and 3.2 for career opportunities. What are the pros and cons of working at Target?

Target TGT +0.2% Corporation's stock spiked this morning during pre-market as the retailer unveiled a big jump in profits with operating income for 2023 up by nearly $2 billion compared to 2022 despite total revenue falling by 1.6% to $107.4 billion.

The company was originally named Goodfellow Dry Goods in June 1902 before being renamed the Dayton's Dry Goods Company in 1903 and later the Dayton Company in 1910. The first Target store opened in Roseville, Minnesota in 1962 while the parent company was renamed the Dayton Corporation in 1967.

Target stores are owned by Target Corporation. Macy's is owned by Macy Inc. The Macy's brand is one of several department store brands owned by Macy's Inc.

Target is owned by a family named Dayton in Minnesota. Until four years ago that family had department stores named Dayton's in Minnesota.

What is TGT EPS forecast? TGT EPS forecast for the fiscal quarter 2024 (Q1) is $2.03.

Target Stock Price Forecast 2024-2025

Target price started in 2024 at $142.42. Today, Target traded at $163.73, so the price increased by 15% from the beginning of the year. The forecasted Target price at the end of 2024 is $203 - and the year to year change +43%. The rise from today to year-end: +24%.

Total revenue will grow by 4% annually or more over the next decade on average, Target said, while the company's long-term operating margin rate will be 6% or higher. Earnings per share will grow by high-single digit percentages on an annual basis, the company projects.

Sailing through with the growth optimism

The macroeconomic environment would be a key factor in determining one's equity investment strategy for 2024. We believe domestic growth in H1 2024 is likely to stay strong from an acceleration in consumption demand through election-related spending.