Target Corporation (TGT) Stock

Target Corporation (TGT) is a Consumer Discretionary stock trading at $158.46 (as of 2026-08-20), with a market capitalization of $71.97B and a trailing P/E of 20.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Target Corporation is a general merchandise retailer in the United States, selling products through its stores and digital channels such as Target.com. Its offerings include food (including perishables, dry grocery, dairy, and frozen items), apparel, home, electronics, toys, seasonal items, beauty and household essentials, and in-store services and optical and other food service offerings.

Understand Target Corporation: how it makes money

Target sells general merchandise, including food (perishables, dry grocery, dairy, frozen), apparel, home, electronics, toys, seasonal items, beauty, and household essentials through its stores and digital channels like Target.com, earning money primarily from consumer product sales.

Target converts inventory into sales by maintaining product availability and high fulfillment execution (store hub coverage and store fulfillment share), which supports traffic and transaction trends that ultimately drive operating performance.

Business quality (Weak): Some operating drivers are provided (fulfillment coverage, inventory level, availability/out-of-stock improvement, and traffic or ticket comps). However, no official product or business-line segment breakdown is provided, and gross margin is not given (only operating margin).

Valuation: At 17× earnings, TGT trades 13% below the Retail average (19×). Note: one-time items can distort reported P/E.

Bull case

High fulfillment execution: Store fulfillment share is reported at 97%, and store fulfillment of sales is reported at 98% (with store hub fulfillment coverage at 95%).
Improving in-stock performance on key items: On-shelf availability improvement for top 5,000 items is reported as 1.5%, and top-item out-of-stocks improvement is reported as 50%.

Bear case

Demand and spending pressure indicators: Store traffic (comps) is reported at -1.9%, and average ticket decline is reported at -2.0%.
Inventory position risk: Ending inventory versus prior year is reported at 16%, with inventory on balance sheet level reported as USD_B 15.0, which can increase the risk of discounting if sales do not keep pace.

Valuation — source: SEC EDGAR (first-party)
Price	$158.46
Market Cap	$71.97B
P/E Ratio	20.9
EV / EBITDA	9.8
Price / Book	4.39
Price / Sales	0.72
Dividend Yield	2.9%
FCF Yield	1.1%
DCF Value (model)	$107.11
DCF Upside vs Price	-32.4%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$104.78B
Net Margin	3.5%
Return on Equity	21.0%
Debt / Equity	0.88
Current Ratio	0.93
Revenue Growth (YoY)	-1.7%
EPS Growth (YoY)	-8.2%
FCF Growth (YoY)	-36.7%

Financial Health — source: SEC EDGAR
Altman Z-Score	3.23 (safe)
Piotroski F-Score	5/9 (moderate)

Valuation vs Sector & Industry
Stock P/E	20.9
Sector P/E (Consumer Discretionary)	20.5
Industry P/E (Retail)	19.5
vs Sector	2.1%
vs Industry	7.1%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	VANGUARD GROUP INC ($5.69B)
Institutional Holders Tracked	10
Congressional Trades (recent)	10

Company
Sector	Consumer Discretionary
Industry	Retail
CEO	Michael J. Fiddelke
Employees	440,000
Country	US
IPO Date	1967-10-18

Related Companies (Business model: Brick-and-Mortar Retail (incl. Omnichannel); 8 closest by market cap; US-domiciled)

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.