# Target Corporation (TGT) — Stock CV

Target Corporation is a $69.8B consumer staples company. Revenue shrank 16.0% over the last year, it keeps 4¢ of every dollar of sales as profit, and its net debt equals ~2.0 years of free cash flow. It trades at 15.9× earnings — around the middle of its own history.

> Target's start dates back to 1962, but now it is one of the largest discount retailers in the United States (where it derives all of its sales), operating just under 2,000 stores and generating over $104 billion in fiscal 2025 sales.

## Identity

- **Ticker**: TGT
- **Sector**: Consumer Defensive
- **Industry**: Discount Stores
- **Headquarters**: MINNEAPOLIS, MN
- **Employees**: 415 000
- **Website**: https://corporate.target.com
- **Market cap**: $69.8B
- **Last price**: $153.68
- **Financial profile**: Solid

## Vitals (TTM)

- **Revenue**: $234B
- **Net income**: $9.80B
- **Free cash flow**: $6.75B
- **Net debt**: $13.8B
- **P/E**: 15.9
- **Revenue growth (YoY)**: -16.0%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 87 |
| Growth | 12 |
| Profitability | 48 |
| Health | 61 |
| Quality | 70 |
| Moat | 61 |

## Qualifications (beginner checklist) — 10 of 11 passed

- [ ] Revenue growing — -16.0% YoY
- [x] Profitable — $9.80B TTM
- [x] Profit growing — +10.8% YoY
- [x] Generates cash — $6.75B TTM
- [x] Debt under control — ~2.0y of cash flow to repay
- [x] Established company — $69.8B market cap
- [x] Not printing shares — -2.2% shares over ~5y
- [x] Proven track record — 12/12 profitable years
- [x] Financially stable — Altman Z 2.2 — grey
- [x] Pays a dividend — yield 2.96%
- [x] Valuation not extreme — P/E 15.9

## Experience (career milestones)

- **FY2023** — Positive free cash flow every year since: 5-year streak
- **FY2021** — Best year on record: $18.4B net income
- **FY2016** — Profitable every year on record: 12 consecutive profitable years in our data
- **FY2016** — Revenue already above $100B: $167B in first reported year
- **2007** — Originally titled IFC Cinema Red, the promotion was rebranded on-air as The Spotlight in 2007
- **2005** — Target introduced a major revision of prescription bottles
- **2000** — Dayton's was renamed Target Corporation in 2000
- **1999** — After hiring architect Michael Graves to design the scaffolding used to renovate the Washington Monument and…
- **1962** — John Geisse and Douglas Dayton founded and launched Target stores for the Dayton Company
- **1962** — The first Target retail store was co-founded as a discount retailer by John Geisse and Douglas Dayton in 1962 for…

## Strengths

- Interest covered 11.7× by operating earnings

## Watch-outs

- Revenue shrinking 16.0% year over year

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2023 | $258B | $9.63B | $5.43B |
| FY2024 | $257B | $10.2B | $9.04B |
| FY2025 | $252B | $9.37B | $3.46B |
| FY2026 | $257B | $9.80B | $5.27B |
| FY2027 | $77.4B | $3.44B | $1.80B |

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Source: https://stockcv.com/TGT — derived from company filings; may be delayed or incomplete. Information, not investment advice.