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Profile - Target Corporation (NYSE:TGT)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Options | Reports
Recent Events
Aug 21Earnings Announcement
Aug 21Conference call: Target Corporation Earnings (Q2 2001)
Upcoming Events
Sep 10Dividend payment of $0.055
Location
777 Nicollet Mall
Minneapolis, MN 55402
Phone: (612) 370-6948
Fax: (612) 370-5502
Employees (last reported count): 254,000
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Services
 ·Industry: Retail (Department & Discount)
Company Websites
 ·Home Page
 ·Investor Relations
 ·Employment
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Index Membership
 ·S&P 500
Ownership
·Insider and 5%+ Owners: 10%
·Over the last 6 months:
 · 2 insider buys; 0  shares
 · 7 insider sells; 844.0K shares
  (0.9% of insider shares)
·Institutional: 83% (93% of float)
(1,697 institutions)
·Net Inst. Selling: 5.44M shares (+0.73%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Target Corporation is engaged in general merchandise retailing. The Company's store brands include Target, Marshall Field's and Mervyn's. In early 2000, target.direct, the direct merchandising and electronic retailing organization of Target Corporation, was formed. The business combines the e-commerce team of Target with its direct merchandising unit into one integrated organization. The target.direct organization operates seven Websites, which support the store and catalog brands in an online environment and produces six retail catalogs. Target Corporation also owns Associated Merchandising Corporation (AMC), which sources the high quality apparel and hardlines merchandise for the company. AMC also provides international sourcing for a number of retailers.
More from Market Guide: Expanded Business Description

Financial Summary
Target Corporation is a general merchandise retailer. As of 12/00, the Company operated 978 Target locations, 267 Mervyn's locations, and 64 department store locations throughout the U.S. For the 13 weeks ended 5/5/01, revenues rose 8% to $8.35 billion. Net income rose 6% to $254 million. Results reflect increased revenues at Target due to the opening of new stores, partially offset by lower margins due to a change in the product mix.

Recent Earnings Announcement
For the 3 months ended 08/04/2001, revenues were 8,952; after tax earnings were 272. (Preliminary; reported in millions of dollars.)

More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Compensation
PayExer

Robert Ulrich, 57
Chairman, CEO
$4.4M$2.2M
Gerald Storch, 44
Vice Chairman
1.1M--  
Douglas Scovanner, 45
CFO, Exec. VP
--  --  
Gregg Steinhafel, 46
Pres of Target Stores
1.6M1.6M
James Hale, 60
Exec. VP, Gen. Counsel, Sec.
--  --  
Dollar amounts are as of 29-Jan-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year.
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NYSE:TGTAs of 31-Aug-2001
Price and Volume
52-Week Low
on 12-Oct-2000
$22.188
Recent Price$34.65 
52-Week High
on 15-May-2001
$40.43 
Beta1.03 
Daily Volume (3-month avg)3.33M
Daily Volume (10-day avg)3.66M
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+40.7%
52-Week Change
relative to S&P500
+88.8%
Share-Related Items
Market Capitalization$31.2B
Shares Outstanding900.1M
Float810.1M
Dividends & Splits
Annual Dividend (indicated)$0.22 
Dividend Yield0.64%
Last Split: 2 for 1 on 20-July-2000
Per-Share Data
Book Value (mrq*)$7.49 
Earnings (ttm)$1.43 
Earnings (mrq)$0.30 
Sales (ttm)$42.09 
Cash (mrq*)$0.41 
Valuation Ratios
Price/Book (mrq*)4.62 
Price/Earnings (ttm)24.30 
Price/Sales (ttm)0.82 
Income Statements
Sales (ttm)$38.2B
EBITDA (ttm*)$3.48B
Income available to common (ttm)$1.29B
Profitability
Profit Margin (ttm)3.4%
Operating Margin (ttm)5.5%
Fiscal Year
Fiscal Year EndsFeb 3
Most recent quarter
(fully updated)
5-May-2001
Most recent quarter
(flash earnings)
31-July-2001
Management Effectiveness
Return on Assets (ttm)6.68%
Return on Equity (ttm)20.55%
Financial Strength
Current Ratio (mrq*)1.16 
Debt/Equity (mrq*)1.13 
Total Cash (mrq)$798.0M
Short Interest
As of 8-Aug-2001
Shares Short7.85M
Percent of Float1.0%
Shares Short
(Prior Month)
7.44M
Short Ratio2.25 
Daily Volume3.49M
See Profile Help for a description of each item above;   K = thousands;   M = millions;   B = billions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 31-July-2001, except mrq*/ttm* items as of 5-May-2001)

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