TARGET CORP · Variety Stores

TGT

Low riskNext report: Around Nov 18 (est.)

View price ↗

The short version

A profitable company with steady sales. Institutions are adding.

Going well

Raised its dividend (3.1% yield)
Profitable every year for 10 years
Brings in more cash than it spends

Money moves

No insider buying or selling in the last 30 days
Institutions added 2.1% to their holdings in the quarter ending June 2026 (896 bought, 806 sold)
Held by Ray Dalio (Bridgewater)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$148.53-2.8% that day

Company value: $67.5B; Share price times all shares
Price vs profit (P/E): 15.4x; You pay about $15 for each $1 of yearly profit
Price vs sales: 0.63x; Company value is 0.63 times a year of sales
Dividend yield: 3.1%; Yearly dividend as a share of today's price
Cash vs value: 8%; Cash as a share of company value
Debt vs value: 21%; Debt as a share of company value

From TGT's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Aug '26

$26.5B+5.3% vs a year earlier

Oct '23Tap a barAug '26

Last 12 months: $107.7B, up 2.0% from the 12 months before. Over 5 years, sales grew about 2.3% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of TGT. Starting points are the company's recent numbers.

Sales growth+2% a yearRecently: +2.0% a yearProfit margin4%Last 12 months: 4.1%P/E at the end15xToday: 15.4x. Many steady companies trade at 12x to 25xShare count change-1% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$118.9B

Profit in 5 years$4.8B

Price these guesses point to$165.15+11% vs $148.53 todayAbout +2.1% a year, before dividends

What today's price needs: with a 4% margin and a 15x P/E, sales could shrink about 0.1% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

4/6Mixed

PassReturn on equity 15%+Earns a lot on the money owners have in the business.24.0%
MissDebt under half of equityNot relying on borrowed money.0.89x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.3.5%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$2.8B
PassShare count not growingNot diluting owners. Falling means buybacks.-2.0% in 3 years

Revenue: $104.8B; -1.7% vs prior year
5-year growth: +2.3%/yr; revenue, per year
Total debt: $14.4B; 0.89x equity
Current ratio: 0.94x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Aug 1, 2026

Reported Aug 19

Revenue: $26.5B; +5.3% YoY
EPS: $4.11; vs $2.05
Op. margin: 9.6%; +4.4 pts
Gross margin: 33.7%; +4.7 pts
Free cash flow: $2.4B
Share count: +0.2%; vs a year ago

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 1.3
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Accumulating+2.1%

Institutions added 2.1% to their holdings. 896 bought, 806 sold. 3 quarters of net buying in a row.

Shares held by institutions393.0M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-0.5%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

0.8x · $14.2B debt

Shares outstandingLatest reported

454M

Earnings reports

Last 12

Next reportAround Nov 18 (est.)Estimated from the same quarter last year

Results filedAug 19
Results filedMay 20
Results filedMar 3
Results filedFeb 11
Results filedNov 19, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

New 5%+ holder (passive)Aug 6 · View filing ↗Big holder

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

Shares withheld for taxesJames LeeExecutive Officer

7,636 shares at $157.94 · $1.2M

-8% of holdings
Now owns 83,823 shares
Filed 2 days after trade

Sep 30Form 4 ↗

Stock awardMark A. WeinsteinExecutive Officer

25,929 shares

Now owns 25,929 shares
2 transactions
Filed 2 days after trade

Sep 30Form 4 ↗

New insiderSep 18 · Form 3 ↗Quarterly reportAug 28 · Form 10-Q ↗Shelf offering registrationAug 28 · Form S-3ASR ↗Employee stock plan registrationAug 28 · Form S-8 ↗

SoldBrian C CornellExecutive Officer, Director

50,000 shares at $163.56 · $8.2M

-26% of holdings
Now owns 143,270 shares
Not a pre-planned sale
Held by Trust
Filed 2 days after trade

Aug 25Form 4 ↗

SoldMelissa K KremerExecutive Officer

15,500 shares at $169.96 · $2.6M

-21% of holdings
Now owns 56,981 shares
Not a pre-planned sale
Filed 2 days after trade

Aug 24Form 4 ↗

Planned insider saleAug 25 · Form 144 ↗Planned insider saleAug 24 · Form 144 ↗

SoldMatthew A LiegelChief Accounting Officer

926 shares at $163.51 · $151K

-7% of holdings
Now owns 12,266 shares
Not a pre-planned sale
Filed 3 days after trade

Aug 21Form 4 ↗

Planned insider saleAug 21 · Form 144 ↗Earnings resultsAug 19 · Form 8-K ↗Major agreementAug 14 · Form 8-K ↗New 5%+ holder (passive)Aug 6 · Form SCHEDULE 13G ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

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