Target Corp.

Overview

Date Founded

1962

Headquarters

1000 Nicollet Mall, Minneapolis, MN, 55403, USA

Type of Company

Public

Employees (Worldwide)

368K

Industries

Retail: Discount
Retail: Othe

Company Description

In 1969, the Detroit-based J.L. Hudson Company merged with the Dayton Corporation to form the Dayton-Hudson Corporation

Website

www.target.com

Contact Data

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In The News

The Canadian Press

March 3, 2021

Bed Bath & Beyond goes with something new to revive brand

Nasdaq

March 3, 2021

Target's Latest Plunge Is Another Buying Opportunity

Axios.com

March 3, 2021

Target closed 2020 with sales and growth boom

Marketline Newswire

January 27, 2021

Target, Levi's to launch new limited-edition collection next monthÂ

Nasdaq

January 12, 2021

Target, Expedia, NIO, Tesla and NVIDIA highlighted as Zacks Bull and Bear of the Day

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Executives & Employees

Brian Cornell

Board Chairman & Chief Executive Officer

Todd Waterbury

Chief Creative Officer & Senior Vice President

Michael Fiddelke

Executive Vice President & Chief Financial Officer

John J. Mulligan

Chief Operating Officer & Executive Vice President

Don H. Liu

Chief Compliance Officer, Secretary, Executive Vice President, Chief Legal & Risk Officer

Aaron Alt

Chief Executive Officer, Target Canada & Senior Vice President, Grocery Transformation

Michael E. McNamara

Executive Vice President & Chief Information Officer

Rich Agostino

Senior Vice President & Chief Information Security Officer

Mark Schindele

Executive Vice President & Chief Stores Officer

Laysha Ward

Executive Vice President & Chief External Engagement Officer

Board of Directors

Brian Cornell

Board Chairman & Chief Executive Officer at Target Corp.

Douglas Baker

Chairman & Chief Executive Officer at Nalco Co.

Ken Salazar

Former Senator from Colorado

Monica Lozano

President & Chief Executive Officer, College Futures, Latinos & Society Program at The Aspen Institute, Inc.

Mary Minnick

Former Fund Advisor at Lion Capital LLP

Dmitri Stockton

Former President & Chief Executive Officer, GE Asset Management at General Electric Company

Melanie Healey

Co-Founder, Investing & Operating Committee at H Ventures LLC

Donald R. Knauss

Former Vice President at PepsiCo, Inc.

Christine A. Leahy

President & Chief Executive Officer at CDW Corporation

Derica W. Rice

Former Acting Chief Executive Officer at Eli Lilly & Company

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Target Corp.

Owners & Shareholders

Details Hidden

Columbia Management Investment Advisers LLC

CMIA manages no-load mutual funds and separate client-focused equity, fixed-income and balanced portfolios. The firm invests in the growth and value stocks of small-cap, mid-cap and large-cap domestic and international companies. CMIA's investment strategy combines a top-down approach and thematic and fundamental analysis with a bottom-up stock selection process. The firm benchmarks the performance of their equity portfolios against the S&P 500 Index. CMIA's fixed-income investments focus on short-term, intermediate-term and long-term high-quality debt instruments including US Treasuries, MBS, ABS, municipal bonds and agency bonds. CMIA's balanced investment approach is a blend of their equity and debt strategies. Portfolios are benchmarked against the S&P 500 Index and the Barclays Capital Aggregate Index (formerly the Lehman Aggregate Index).

Details Hidden

Renaissance Technologies LLC

Renaissance Technologies LLC is an investment management company dedicated to producing superior returns for its clients and employees by adhering to mathematical and statistical methods.

Details Hidden

Managed Account Advisors LLC

MAA has Target Asset Allocation categories, which have associated asset class allocation ranges: conservative, moderately conservative, moderate, moderately aggressive, aggressive, equity-focused, fixed income-focused, alternative investment-focused and custom allocation. The firm’s more conservative target asset Allocations typically recommend a greater percentage of client’s assets be allocated to fixed income investments and cash, rather than to equity securities. The more aggressive target asset allocations typically recommend a greater percentage of client’s assets be allocated to equity investments and alternative investments, rather than to fixed income investments and cash. The equity-focused, fixed Income-focused or alternative investment-focused target asset allocation categories allows to orient portfolio towards a single asset class and get more significant exposure to a single asset class.

Recent Transactions

Details Hidden

Target Corp. purchases Deliv, Inc. /Technology Assets from Deliv, Inc.

Details Hidden

Target Corp. purchases Grand Junction, Inc. from Alloy Ventures, Inc., Band of Angels LLC

Details Hidden

Target Corp. purchases Shipt, Inc. from Greycroft LLC, HMC-Virginia, Inc., e-Ventures

Insider Transactions

Details Hidden

Stephanie A. Lundquist

Transaction Advisors

Legal Advisor

Faegre Baker Daniels LLP

Advised onSun Capital Partners, Inc., Mervyns, Inc. /Private Group, Cerberus Capital Management LP, Lubert Adler Management, Inc. purchase Mervyn's LLC from Target Corp.

Investment Advisor

Goldman Sachs & Co. LLC

Advised onThe May Department Stores Company purchases Marshall Field's from Target Corp.

Accountant

Ernst & Young LLP

Advised onTarget Corp. purchases Rivertown Trading Co.

Legal Advisor

Philip "Phil" S. Garon

Advised onThe May Department Stores Company purchases Marshall Field's from Target Corp.

Investment Advisor

William H. Wolf, Jr.

Advised onThe May Department Stores Company purchases Marshall Field's from Target Corp.

Investment Advisor

Adam Taetle

Advised onThe May Department Stores Company purchases Marshall Field's from Target Corp.

Advisors & Consultants

Legal Advisor

Joshua L. Raskin

Shareholder at Greenberg Traurig LLP

Legal Advisor

Camilo Echavarria

Partner at Davis Wright Tremaine LLP

Legal Advisor

G. Keith Phoenix

Founding Member at Sandberg Phoenix & von Gontard PC

Clients

CVS Health Corp.

CVS Health Corp. engages in the provision of health care services. It operates through the following segments: Pharmacy Services, Retail or Long Term Care, Health Care Benefits, and Corporate. The Pharmacy Services segment offers pharmacy benefit management solutions. The Retail or Long Term Care segment includes selling of prescription drugs and assortment of general merchandise. The Health Care Benefits segment offers traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioural health, medical management capabilities. The Corporate segment involves in providing management and administrative services. The company was founded by Stanley P. Goldstein and Ralph Hoagland in 1963 and is headquartered in Woonsocket, RI.

EssilorLuxottica SA

EssilorLuxottica SA engages in the design, manufacture, and sales of ophthalmic lenses and instruments. It operates through the following business segments: Lenses & Optical Instruments, Equipment, and Sunglasses and Readers. The Lenses & Optical Instruments business segment engages in the production, finishing, distribution and trading of lens and instruments. The Equipment business segment includes production, distribution and sale of high capacity equipment, such as digital surfacing machines and lens polishing machines, which are used in manufacturing plants and prescription laboratories for finishing operations on semi-finished lenses. The Sunglasses and Readers business segment engages in the production, distribution and sale of both non-prescription sunglasses and non-prescription reading glasses. The company was founded by Leonardo Del Vecchio in 1961 and is headquartered in Charenton-le-Pont, France.

Jakks Pacific, Inc.

JAKKS Pacific, Inc. engages in the design, development, and sale of toys, consumables, electronics, kid's indoor and outdoor furniture, and other consumer products. It operates through the following business segments: United States and Canada, International and Halloween. The United States and Canada segment includes action figures, vehicles, play sets, plush products, dolls, electronic products, construction toys, infant and pre-school toys, role play and everyday costume play, foot to floor ride-on vehicles, wagons, novelty toys, seasonal and outdoor products, kids' indoor and outdoor furniture, and pet treats, and related products, primarily within the United States and Canada. The International segment is responsible for the marketing and sale of toy products in markets outside of the United States and Canada, primarily in the European, Asia Pacific, and Latin and South American regions. The Halloween segment is the marketing and sale of Halloween costumes and accessories and everyday costume play products, primarily in the United States and Canada. The company was founded by Stephen G. Berman and Jack Friedman in January 1995 and is headquartered in Santa Monica, CA.

Key Stats and Financials As of 2020

Market Capitalization

$94.6B

Total Enterprise Value

$68.5B

Earnings Per Share

$6.36

Revenue

$78.1B

Enterprise Value / Sales

0.88x

Enterprise Value EBITDAOperating

9.06x

TEVNet Income

20.88x

Debt TEV

0.2x

EBITDAMargin

9.33%

Total Equity

$11.8B

Total Debt

$14B

EBITDA

$7.28B

Net Profit

$3.28B

Three Year Compounded Annual Growth Rate Of Revenue

3.97%

Non-Profit Donations & Grants

$2,500 - $4,999

2020

Desert Botanical Garden, Inc.

$250K

2019

University of Minnesota - College of Science and Engineering

$10K - $25K

2019

Northern Illinois Food Bank

Political Donations

$2,000

2014

Karen Lorraine Jacqueline Speier

$2,500

2014

Kevin McCarthy

$1,000

2014

Brian W. Jones

Investments

Details Hidden

Casper Sleep, Inc.

Casper Sleep, Inc. engages in the provision of sleep products. It offers pillows, sheets, duvets, bedroom furniture, sleep accessories, sleep technology, and sleep services. The company was founded by Jeffrey Chapin, Gabriel Flateman, Philip Krim, Neal Parikh, and Timothy Luke Sherwin on October 24, 2013 and is headquartered in New York, NY.

Details Hidden

Inspectorio, Inc.

Inspectorio, Inc. provides cloud based platforms for the inspection software industry. Its platform is used in quality inspections for textile and clothing factories. The company was founded by Luis Moncayo Castillo, Fernando Moncayo Castillo and Carlos Moncayo Castillo in 2016 and is headquartered in Minneapolis, MN.

Details Hidden

Blueprint Registry, Inc.

Blueprint Registry, Inc. engages in online wedding registry services for couples. It develops gifting platform that offers users the ability to shop or create a wish list based on the layout of their home. The company was founded by Nevin Shetty and Lizzy Ellingson in 2013 and is headquartered in Seattle, WA.

Investors

Details Hidden

Timothy Eric Boswell

Deputy Speaker at United Kingdom House of Lords

Details Hidden

Allan Sloan

Senior Editor at Large at Fortune Magazine

Suppliers

American Greetings Corp. Holding Companies | Cleveland, OH

American Greetings Corp. designs, manufactures, and sells greeting cards and social expression products. It offers greeting cards, gift packaging, party goods, giftware, and stationery as well as custom display fixtures. The firm's products include gift wrap & bags, party goods, and stickers. The company was founded by Jacob Sapirstein in 1906 and is headquartered in Cleveland, OH.

CCA Industries, Inc. Personal Products | East Rutherford, NJ

CCA Industries, Inc. has successfully developed and marketed innovative health and beauty products for more than 20 years. Millions of consumers know CCA by the brands they buy: Plus White® Toothpaste and Teeth Whitening Kits, the Sudden Change® skin care line, Nutra Nail® manicure products and Gel Perfect™ 5 Minute Gel Color, and the Bikini Zone® line of after hair removal remedies and depilatory products. The Mega-T® Dietary Supplement line of effective diet aids utilizes the latest advances in formulations for weight loss, while Mega-T® Green Tea Chewing Gum and Mints offer green tea's antioxidant benefits in a delicious and convenient form. CCA also markets the Solar Sense® line of sun-care products, the Cherry Vanilla® family of vanilla-based fragrances, Hair Off® depilatories, Wash ’N Curl® hair care, Scar Zone® scar management and first aid products and IPR-3® foot care, as well as Shave Zone® men's after-shave relief from bumps and irritation. Throughout the years, CCA has earned an outstanding reputation in marketing their affordable, quality brands in drug, discount and food store chains across the United States, Canada and around the world. National TV advertising, print, radio, internet and FSI ads help consumers understand the benefits of the many CCA products. What makes CCA distinctive is that their products solve the real needs of consumers, offering state-of-the-art formulations at a fraction of the cost of department store and specialty brands. And because their needs are met, CCA customers remain loyal, returning again and again to retailer's stores for their favorite CCA products. CCA Industries Inc.

Crown Crafts, Inc. Textiles | Gonzales, LA

Crown Crafts, Inc. engages in designing, marketing, and distribution of infant, toddler, and juvenile products. It also offers infant and toddler bedding, blankets and swaddle blankets, nursery and toddler accessories, room decor, reusable and disposable bibs, and burp cloths, Hooded Bath towels and wash clothes, development toys and feeding and care goods. The firm's brands include Nojo, Neat Solutions, Sassy and Carousel Designs. The company was founded by Philip Bernstein in 1957 and is headquartered in Gonzales, LA.

Competitors

The Home Depot Retail: Home Improvement - Atlanta, GA

The Home Depot, Inc. engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products, and decor products. It offers home improvement installation services,and tool and equipment rental. The company was founded by Bernard Marcus, Arthur M. Blank, Kenneth Gerald Langone, and Pat Farrah on June 29, 1978 and is headquartered at Atlanta, GA.

Walgreens Boots Alliance, Inc. Retail: Drug Stores - Deerfield, IL

Walgreens Boots Alliance, Inc. engages in the provision of drug store services. It operates through the following segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment consists of the Walgreens business, which includes the operation of retail drugstores, health and wellness services, and mail and central specialty pharmacy services. The Retail Pharmacy International segment consists of pharmacy-led health and beauty retail businesses and optical practices. The Pharmaceutical Wholesale segment consists of the Alliance Healthcare pharmaceutical wholesaling and distribution businesses and an equity method investment in AmerisourceBergen. The company was founded in 1901 and is headquartered in Deerfield, IL.

CVS Health Corp. Retail: Drug Stores - Woonsocket, RI

CVS Health Corp. engages in the provision of health care services. It operates through the following segments: Pharmacy Services, Retail or Long Term Care, Health Care Benefits, and Corporate. The Pharmacy Services segment offers pharmacy benefit management solutions. The Retail or Long Term Care segment includes selling of prescription drugs and assortment of general merchandise. The Health Care Benefits segment offers traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioural health, medical management capabilities. The Corporate segment involves in providing management and administrative services. The company was founded by Stanley P. Goldstein and Ralph Hoagland in 1963 and is headquartered in Woonsocket, RI.

Awards & Honors

Rank #38

2016

Fortune Magazine - Fortune 1000 Companies