Target Q3 2024 Earnings Deep Dive: Digital Gains Meet Margin Pains Amid Stock SlideTarget's Q3 2024 earnings reveal growth in digital sales but challenges in margins and profitability. Discover the key insights.
November 20, 2024
Target TGT
$
9
8
7
6
5
4
3
2
1
0
9
8
7
6
5
4
3
2
1
0
9
8
7
6
5
4
3
2
1
0
9
8
7
6
5
4
3
2
1
0
9
8
7
6
5
4
3
2
1
0
9
8
7
6
5
4
3
2
1
0
9
8
7
6
5
4
3
2
1
0
9
8
7
6
5
4
3
2
1
0
9
8
7
6
5
4
3
2
1
0
9
8
7
6
5
4
3
2
1
0
Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Target (TGT) Business Model and Operations Summary
Target serves as the nation's seventh-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices. Target's upscale and stylish image began to carry national merit in the 1990s—a decade in which the brand saw its top line grow threefold to almost $30 billion—and has since cemented itself as a leading US retailer.Today, Target operates over 1,900 stores in the United States, generates over $100 billion in sales, and fulfills over 2 billion customer orders annually. The firm's vast footprint is typically concentrated in urban and suburban markets as the firm seeks to attract a more affluent consumer base.
Key Insights
Target (TGT) Core Market Data and Business Metrics
Latest Closing Price
$104.43Market Cap
$47.37 BillionAverage Daily Trade Volume
6,727,798 SharesPrice-Earnings Ratio
11.79Total Outstanding Shares
455.58 Million SharesCEO
Mr. Brian C. CornellTotal Employees
440,000Dividend
$1.12 Per Share QuarterlyIPO Date
April 6, 1983SIC Description
Retail-variety StoresPrimary Exchange
New York Stock ExchangeHeadquarters
1000 Nicollet Mall, Minneapolis, MN, 55403
Historical Stock Splits
| Execution Date | Split Amount |
|---|---|
| No Historical Stock Splits | |
Cash Flow Statement
February 4, 2024 to February 1, 2025
| Metric | Value |
|---|---|
| Net Cash Flow From Financing Activities | $-3.55 Billion |
| Net Cash Flow From Operating Activities | $7.37 Billion |
| Net Cash Flow From Operating Activities, Continuing | $7.37 Billion |
| Net Cash Flow From Investing Activities | $-2.86 Billion |
| Net Cash Flow | $957 Million |
| Net Cash Flow From Financing Activities, Continuing | $-3.55 Billion |
Income Statement
February 4, 2024 to February 1, 2025
| Metric | Value |
|---|---|
| Net Income/Loss Available To Common Stockholders, Basic | $4.09 Billion |
| Revenues | $106.57 Billion |
| Operating Income/Loss | $5.57 Billion |
| Net Income/Loss Attributable To Parent | $4.09 Billion |
| Benefits Costs and Expenses | $101.31 Billion |
| Operating Expenses | $24.50 Billion |
Comprehensive Income
February 4, 2024 to February 1, 2025
| Metric | Value |
|---|---|
| Other Comprehensive Income/Loss | $4.09 Billion |
| Comprehensive Income/Loss Attributable To Parent | $4.09 Billion |
| Comprehensive Income/Loss Attributable To Noncontrolling Interest | $0 |
| Comprehensive Income/Loss | $4.09 Billion |
| Other Comprehensive Income/Loss Attributable To Parent | $2 Million |
Balance Sheet
February 4, 2024 to February 1, 2025
| Metric | Value |
|---|---|
| Equity Attributable To Parent | $14.67 Billion |
| Current Assets | $19.45 Billion |
| Accounts Payable | $13.05 Billion |
| Wages | $1.60 Billion |
| Other Current Liabilities | $6.15 Billion |
| Other Non-current Liabilities | $8.40 Billion |
Historical Dividends
Current dividend: $1.12 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Mar 12, 2025 | Jun 1, 2025 | May 14, 2025 | $1.12 | Quarterly |
| Jan 15, 2025 | Mar 1, 2025 | Feb 12, 2025 | $1.12 | Quarterly |
| Sep 18, 2024 | Dec 10, 2024 | Nov 20, 2024 | $1.12 | Quarterly |
| Jun 12, 2024 | Sep 10, 2024 | Aug 21, 2024 | $1.12 | Quarterly |
| Mar 13, 2024 | Jun 10, 2024 | May 15, 2024 | $1.1 | Quarterly |
| Jan 17, 2024 | Mar 10, 2024 | Feb 21, 2024 | $1.1 | Quarterly |