Target Financials

TGT Stock  USD 174.67  2.03  1.18%   
Based on the key indicators related to Target's liquidity, profitability, solvency, and operating efficiency, Target may be sliding down financialy. It has an above-average risk of going through some form of financial straits next quarter. At this time, Target's Property Plant And Equipment Gross is comparatively stable compared to the past year. Common Stock is likely to gain to about 52.4 M in 2024, whereas Total Current Liabilities is likely to drop slightly above 9.9 B in 2024. Key indicators impacting Target's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.911.1966
Way Down
Pretty Stable
Operating Income3.6 B5.8 B
Way Down
Slightly volatile
Current Ratio1.20.9064
Significantly Up
Very volatile
The financial analysis of Target is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Target includes many different criteria found on its balance sheet. For example, investors should never minimize Target's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Target's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Target.

Cash And Equivalents

2.69 Billion

With this module, you can analyze Target financials for your investing period. You should be able to track the changes in Target individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past Target Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Target's financial statements are interrelated, with each one affecting the others. For example, an increase in Target's assets may result in an increase in income on the income statement.
Evaluating Target's financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of Target's profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the Target's relative financial performance

Chance Of Distress

Less than 12

 
100  
 
Zero
Low
Target has less than 12 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Target stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, Target's odds of distress score SHOULD NOT be confused with the real chance of Target filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as Target is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include Target's liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
More Info
The data published in Target's official financial statements usually reflect Target's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Target. For example, before you start analyzing numbers published by Target accountants, it's critical to develop an understanding of what Target's liquidity, profitability, and earnings quality are in the context of the Consumer Staples Distribution & Retail space in which it operates.
Please note, the presentation of Target's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Target's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Target's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Target. Please utilize our Beneish M Score to check the likelihood of Target's management manipulating its earnings.

Target Company Summary

Target competes with Sealed Air, Constellation Brands, Westrock Coffee, Fresh Grapes, and Universal. Target Corporation operates as a general merchandise retailer in the United States. Target Corporation was incorporated in 1902 and is headquartered in Minneapolis, Minnesota. Target Corp operates under Discount Stores classification in the United States and is traded on New York Stock Exchange. It employs 450000 people.
Specialization
Consumer Defensive, Consumer Staples Distribution & Retail
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
CIK Number0000027419
ISINUS87612E1064
CUSIP87612E106
RegionNorth America
LocationMinnesota; U.S.A
Business Address1000 Nicollet Mall,
SectorConsumer Staples Distribution & Retail
IndustryConsumer Staples
BenchmarkNYSE Composite
Websitecorporate.target.com
Phone612 304 6073
CurrencyUSD - US Dollar
You should never invest in Target without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Target Stock, because this is throwing your money away. Analyzing the key information contained in Target's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Target Key Financial Ratios

Generally speaking, Target's financial ratios allow both analysts and investors to convert raw data from Target's financial statements into concise, actionable information that can be used to evaluate the performance of Target over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Target reports annually and quarterly.

Target Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets42.8B51.2B53.8B53.3B55.4B32.0B
Other Current Liab955M1.0B4.9B4.6B4.6B4.8B
Net Debt11.2B6.4B10.3B16.5B20.3B21.4B
Retained Earnings6.4B8.8B6.9B5.0B7.1B7.5B
Cash2.6B8.5B5.9B2.2B908M1.4B
Net Receivables962M1.1B1.4B1.7B1.4B1.3B
Inventory9.0B10.7B13.9B13.5B11.9B6.4B
Other Current Assets1.3B1.6B1.8B2.1B403M382.9M
Total Liab30.9B36.8B41.0B42.1B41.9B21.9B
Total Current Assets12.9B20.8B21.6B17.8B17.5B11.9B
Short Term Debt161M1.1B171M130M3.0B3.2B
Accounts Payable9.9B12.9B15.5B13.5B10.5B6.6B
Intangible Assets686M37M25M645M8M7.6M
Net Tangible Assets11.8B13.8B12.8B11.2B10.1B10.7B
Long Term Debt10.0B9.8B13.5B16.0B14.9B13.5B
Long Term Debt Total11.3B11.5B13.5B16.0B18.4B13.7B
Capital Surpluse6.2B6.3B6.4B6.6B7.6B5.8B

Target Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Target's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Total Revenue78.1B93.6B106.0B109.1B107.4B54.9B
Gross Profit23.2B27.4B31.0B26.9B27.3B16.3B
Operating Income4.7B6.5B8.9B3.8B5.8B3.6B
Ebit4.7B6.5B8.9B3.8B5.8B3.7B
Ebitda7.3B9.0B12.0B6.6B8.6B5.2B
Cost Of Revenue54.9B66.2B75.0B82.2B80.2B84.2B
Income Before Tax4.2B5.5B8.9B3.4B5.3B3.1B
Net Income3.3B4.4B6.9B2.8B4.1B4.3B
Income Tax Expense921M1.2B2.0B638M1.2B972.1M
Interest Expense477M977M421M478M526M396.3M
Tax Provision921M1.2B2.0B638M1.2B1.2B
Interest Income467M465M421M478M430.2M387.5M
Net Interest Income(477M)(977M)(421M)(478M)(502M)(527.1M)

Target Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Target. It measures of how well Target is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Target brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Target had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Target has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change To Inventory505M(1.7B)(3.2B)403M1.6B1.7B
Change In Cash1.0B5.9B(2.6B)(3.7B)22M20.9M
Free Cash Flow4.1B7.9B5.1B(1.5B)3.8B4.0B
Depreciation2.6B2.5B2.6B2.7B2.8B1.7B
Other Non Cash Items45M598M(268M)172M94M89.3M
Dividends Paid1.3B1.3B1.5B1.8B(2.0B)(1.9B)
Capital Expenditures3.0B2.6B3.5B5.5B4.8B2.8B
Net Income3.3B4.4B6.9B2.8B4.1B2.3B
End Period Cash Flow2.6B8.5B5.9B2.2B908M1.6B
Net Borrowings(330M)65M825M2.5B2.8B3.0B
Change To Netincome382M614M482M974M1.1B1.2B
Investments20M16M7M(5.5B)(4.8B)(4.5B)

Target Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Target's current stock value. Our valuation model uses many indicators to compare Target value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Target competition to find correlations between indicators driving Target's intrinsic value. More Info.
Target is rated second in gross profit category among related companies. It is rated fourth in beta category among related companies . The ratio of Gross Profit to Beta for Target is about  23,881,882,771 . At this time, Target's Gross Profit is comparatively stable compared to the past year.. Comparative valuation analysis is a catch-all model that can be used if you cannot value Target by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Target's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Target's earnings, one of the primary drivers of an investment's value.

Target Systematic Risk

Target's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Target volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Target correlated with the market. If Beta is less than 0 Target generally moves in the opposite direction as compared to the market. If Target Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Target is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Target is generally in the same direction as the market. If Beta > 1 Target moves generally in the same direction as, but more than the movement of the benchmark.

About Target Financials

What exactly are Target Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Target's income statement, its balance sheet, and the statement of cash flows. Potential Target investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Target investors may use each financial statement separately, they are all related. The changes in Target's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Target's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze Target Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Target is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Target has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if Target's financials are consistent with your investment objective using the following steps:
  • Review Target's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand Target's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare Target's financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Target's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

Target Thematic Clasifications

Target is part of several thematic ideas from Power Assets to Impulse. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
Today, most investors in Target Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Target's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Target growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.16

At this time, Target's Price Earnings To Growth Ratio is comparatively stable compared to the past year.

Target March 28, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Target help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Target. We use our internally-developed statistical techniques to arrive at the intrinsic value of Target based on widely used predictive technical indicators. In general, we focus on analyzing Target Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Target's daily price indicators and compare them against related drivers.
When determining whether Target is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Target Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Target Stock. Highlighted below are key reports to facilitate an investment decision about Target Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Target. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
For more information on how to buy Target Stock please use our How to Invest in Target guide.
Note that the Target information on this page should be used as a complementary analysis to other Target's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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When running Target's price analysis, check to measure Target's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Target is operating at the current time. Most of Target's value examination focuses on studying past and present price action to predict the probability of Target's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Target's price. Additionally, you may evaluate how the addition of Target to your portfolios can decrease your overall portfolio volatility.
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Is Target's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Target. If investors know Target will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Target listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.574
Dividend Share
4.36
Earnings Share
8.94
Revenue Per Share
232.745
Quarterly Revenue Growth
0.017
The market value of Target is measured differently than its book value, which is the value of Target that is recorded on the company's balance sheet. Investors also form their own opinion of Target's value that differs from its market value or its book value, called intrinsic value, which is Target's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Target's market value can be influenced by many factors that don't directly affect Target's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Target's value and its price as these two are different measures arrived at by different means. Investors typically determine if Target is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Target's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.