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5.0
Target Corporation provides customers with essential everyday products at promotional prices through its brick-and-mortar stores and online channels.
The company sells a broad assortment of general merchandise and food products. Its large-format stores offer an extensive selection of perishables, dry grocery items, dairy products and frozen foods.
Smaller-format stores focus on general merchandise while still offering a curated range of food items. Digital channels include a wide portfolio of products, featuring many of the same items available in physical stores as well as additional online-exclusive categories.
Company History
In 1881, New York native George D. Dayton sought to capitalize on the growing markets of the Midwest. After several years in banking and real estate, Dayton identified Minneapolis as offering the strongest growth opportunities.
He purchased land on Nicollet Avenue and founded the Dayton Dry Goods Company—today known as Target Corporation.
Following a decade of rapid growth, Dayton Dry Goods Company was renamed The Dayton Company to better reflect its expanding assortment of products and services.
In 1954, the company opened its first branch outside downtown Minneapolis when a full-line Dayton’s store was established in Rochester, Minnesota.
Years later, in 1966, Target opened its first stores outside Minnesota, entering the Denver metropolitan area.
After a decade of significant expansion, Dayton’s evolved from a regional department-store operator into a national retailer. Around the same period, the company entered the public markets through its offer pública inicial (IPO) on October 18, 1967.
By the late 1960s, Target expanded nationwide into the metropolitan areas of St. Louis, Dallas and Houston.
In 1990, Target acquired Marshall Field’s, a historic Chicago-based department store founded in 1852. The acquisition increased the corporation’s size and scale, positioning Dayton-Hudson as the leading department-store operator in the U.S. Midwest.
In 2001, Target Stores reached a major milestone as a national retailer with the opening of its 1,000th store.
In 2011, Target expanded into the international market, launching its first stores in Canada.
However, in 2015, the company announced the discontinuation of its 133 Canadian retail locations, refocusing operations exclusively in the United States.
Today, Target operates 1,897 stores and 44 distribution centers across the United States.
The company is listed under the Services sector and categorized within the Retail (Department & Discount) industry.
Additional Information
The Company Target Corporation (United States), is listed on NYSE with a market cap of $ 39.28 Billions, having an equity of $ 15.50 Billions.
With a total of 368.000 employees, the company is listed in the sector of Services and categorized in industry of Retail (Department & Discount).
In the last 12 months the Company had a revenue of $ 105.24 Billions, which generated a profit in the amount of $ 3.76 Billions.
As for its main indicators, the Company has a P/E ratio of 10.44, a P/BV ratio of 2.53 and in the last 12 months the dividend yield of TGT was at 5.20%.
The Company is traded internationally through the ticker TGT.
