Target Corporation
94.12-2.99 (-3.08%)
Oct 29, 4:00:02 PM EDT · NYSE · TGT · USD
Key Stats
Market Cap
42.77BP/E (TTM)
10.97Basic EPS (TTM)
8.58Dividend Yield
0.05%Recent Filings
8-K
Target renews $1B credit line
Target Corporation secured a fresh 364-day credit facility on October 9, 2025, committing up to $1.0 billion from a syndicate led by Bank of America, with potential expansion to $1.5 billion. This replaces the prior agreement expiring in 2025, offering flexible borrowings at base or term SOFR rates plus margins tied to debt ratings, alongside standard covenants including a leverage ratio limit. Yet the facility expires swiftly. No immediate draws disclosed.
10-Q
Q2 FY2026 results
Target's Q2 net sales dipped 0.9% y/y to $25.2B, with comparable sales off 1.9%, yet digitally originated sales rose 4.3% while stores fell 3.2%. Operating income slid 19.4% y/y to $1.3B, gross margin narrowed to 29.0% from 30.0% amid higher markdowns and supply chain costs, but SG&A held steady at 21.3%. Diluted EPS dropped 20.2% y/y to $2.05, consistent with 456M shares. YTD, sales fell 1.9% y/y to $49.1B, operating income eased 4.8% to $2.8B, and EPS declined 6.1% to $4.32, boosted by $593M interchange fee gains in Q1. Cash from operations totaled $2.4B YTD, free cash flow $494M (derived), with $4.3B cash and $16.5B total debt after issuing $2B new notes. Tariffs on half of imported goods pose pricing risks.
8-K
Target Q2 earnings and CEO shift
Target Corporation reported second quarter 2025 net sales of $25.2 billion, down 0.9 percent from 2024, with comparable sales off 1.9 percent amid store traffic declines, yet digital sales rose 4.3 percent on strong same-day delivery growth. GAAP and adjusted EPS fell 20.2 percent to $2.05, pressured by higher markdowns and costs, but offset by tight expense controls. The board unanimously appointed Michael Fiddelke as next CEO, signaling steady leadership amid recovery signs. Fiscal 2025 guidance holds at low-single-digit sales drop and adjusted EPS of $7.00 to $9.00.
8-K
Target names new CEO
Target Corporation's Board appointed Michael J. Fiddelke, its current Executive Vice President and Chief Operating Officer, as the next Chief Executive Officer and Board member, effective February 1, 2026. This follows a thorough succession process; Brian C. Cornell will step down as CEO but remain Executive Chair. Fiddelke, 49, joined Target in 2004 and led operations since February 2024 after serving as CFO. Compensation details await approval.
8-K
Target's annual meeting results
Target Corporation's shareholders overwhelmingly elected all twelve director nominees at the June 11, 2025, annual meeting, with support exceeding 95% for most. They ratified Ernst & Young as auditors for fiscal 2025 by 93.3% and approved executive pay on an advisory basis at 92.2%. A shareholder proposal for a discrimination risks report failed decisively, garnering just 7.1%. Strong governance alignment shines through.
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