{ "ok": true, "cik": "27419", "ticker": "TGT", "name": "Target Corporation", "filings": [ { "form": "10-Q", "filed": "2026-08-28", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/27419/000002741926000042/0000027419-26-000042-index.htm" }, { "form": "8-K", "filed": "2026-08-19", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/27419/000002741926000034/0000027419-26-000034-index.htm" }, { "form": "8-K", "filed": "2026-08-14", "items": [ "1.01 Entry into a Material Definitive Agreement", "1.02 Termination of a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/27419/000002741926000032/0000027419-26-000032-index.htm" }, { "form": "8-K", "filed": "2026-07-22", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/27419/000002741926000028/0000027419-26-000028-index.htm" }, { "form": "8-K", "filed": "2026-06-12", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "5.07 Submission of Matters to a Vote of Security Holders", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/27419/000002741926000026/0000027419-26-000026-index.htm" }, { "form": "10-Q", "filed": "2026-05-29", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/27419/000002741926000022/0000027419-26-000022-index.htm" } ], "events12m": 12, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 5, "latest": { "filed": "2026-07-22", "url": "https://www.sec.gov/Archives/edgar/data/27419/000002741926000028/0000027419-26-000028-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000027419.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=27419" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up Target Corporation ($TGT). Last filing: 10-Q, 2026-08-28. 12 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2026-01-31", "revenue": 104780000000, "revenueGrowth1y": -0.016759566841206386, "revenueGrowthPerYear": -0.0028976584314905907, "yearsOfData": 5, "operatingMargin": 0.048835655659477, "operatingMarginPrior": 0.052230542574554735, "netMargin": 0.03535980148883375, "operatingCashFlow": 6562000000, "capitalSpending": 3727000000, "freeCashFlow": 2835000000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 5488000000, "longTermDebt": 16456000000, "longTermDebtChange": 0.03237139272271006, "revenueHistory": [ { "fiscalYearEnd": "2022-01-29", "revenue": 106005000000 }, { "fiscalYearEnd": "2023-01-28", "revenue": 109120000000 }, { "fiscalYearEnd": "2024-02-03", "revenue": 107412000000 }, { "fiscalYearEnd": "2025-02-01", "revenue": 106566000000 }, { "fiscalYearEnd": "2026-01-31", "revenue": 104780000000 } ], "totalEquity": 16165000000, "totalAssets": 59490000000, "equityRatio": 0.2717263405614389, "returnOnEquity": 0.2291988864831426, "dividendsPaid": 2053000000, "payoutRatio": 0.5541160593792173, "dividendPerShare": 4.54, "dividendYearsRising": 17, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": 8.16, "sharesOutstanding": 455600000, "bookValuePerShare": 35.48068481123793, "revenuePerShare": 229.98244073748901, "range80": { "low": 91590641660.23969, "high": 108707619622.70676, "baseline": 103197984636.99443, "n": 1471, "band": "b10", "bandLabel": "$10B+", "method": "v4.1", "credibility": 0.5714285714285714, "growthYears": 5, "ownVolatility": 0.060133123055175694, "classVolatility": 0.06659579566308972, "volatility": 0.06298409090904919 }, "ifPaceHeld": { "low": 91590641660.23969, "high": 108707619622.70676 } }, "edgarette": "🔖 Exposure: revenue $104.8B (FY2026), total debt $16.5B. Experience: revenue down 1.7% on the year, down 0.3% a year over 4 years; operating margin 4.9%, down from 5.2%. Soundness: equity 27.2% of assets, return on equity 22.9%, payout 55.4% of profit, dividend per share up 17 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $91.6B and $108.7B next year (method v4.1: its own 5-year record of growth weighed at 57% against $10B+ filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $85.0B to $116.4B. A statistical range, not company guidance. Against peers (9 filers, $50M+ revenue, retail-variety stores): operating margin 4.9% against a 4.9% median; growth -1.7% against 7.2%.", "peers": { "sic": 5331, "sicDescription": "Retail-Variety Stores", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "5331", "growth": [ 0.0725, 9 ], "opMargin": [ 0.0488, 9 ], "equityRatio": [ 0.3499, 9 ], "returnOnEquity": [ 0.2198, 9 ] }, "summary": "Target (TGT) saw revenue fall 1.7% in FY2026 to $104.8 billion, operating margin 4.9%, in line with the 4.9% median for retail-variety stores, equity 27.2% of assets, and dividend per share up 17 years running. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
Target Corporation against its own record and its peers
Operating marginPeer median 4.9%4.9%Revenue, on the yearPeer median 7.2%-1.7%Equity of assetsPeer median 35.0%27.2%Return on equityPeer median 22.0%22.9%Payout of profit55.4%Gold tick: the median of 9–9 peers with $50M+ revenue in retail-variety stores
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profit55.4% paid out44.6% keptHanded back per share$4.54up 17 years runningGrowth its own profit can fund10.2%retained x return on equityRevenue growth it managed-1.7%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 15, "hits": 13, "rate": 0.8666666666666667, "method": "v4", "byYear": { "2012": [ 1, 1 ], "2013": [ 1, 1 ], "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 0, 1 ], "2019": [ 1, 1 ], "2020": [ 1, 1 ], "2021": [ 0, 1 ], "2022": [ 1, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ], "2026": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:33:21.163Z", "hash": "63abc6e2c7b741a4", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Target (TGT) saw revenue fall 1.7% in FY2026 to $104.8 billion, operating margin 4.9%, in line with the 4.9% median for retail-variety stores, equity 27.2% of assets, and dividend per share up 17 years running. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2026-01-31", "revenue": 104780000000, "totalDebt": 16456000000, "cash": 5488000000 }, "experience": { "revenueGrowth1y": -0.016759566841206386, "revenueGrowthPerYear": -0.0028976584314905907, "operatingMargin": 0.048835655659477, "operatingMarginPrior": 0.052230542574554735, "netMargin": 0.03535980148883375, "freeCashFlow": 2835000000 }, "soundness": { "equityRatio": 0.2717263405614389, "returnOnEquity": 0.2291988864831426, "payoutRatio": 0.5541160593792173, "dividendPerShare": 4.54, "dividendYearsRising": 17, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 5331, "sicDescription": "Retail-Variety Stores", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "5331", "growth": [ 0.0725, 9 ], "opMargin": [ 0.0488, 9 ], "equityRatio": [ 0.3499, 9 ], "returnOnEquity": [ 0.2198, 9 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 5, "latest": { "filed": "2026-07-22", "url": "https://www.sec.gov/Archives/edgar/data/27419/000002741926000028/0000027419-26-000028-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 91590641660.23969, "high": 108707619622.70676, "baseline": 103197984636.99443, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 1471, "sizeBand": "$10B+", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.571, "growthYears": 5, "ownVolatility": 0.060133123055175694, "classVolatility": 0.06659579566308972, "pricedVolatility": 0.06298409090904919, "k": 3 }, "stress": { "low": 84950175487.37468, "high": 116433144834.98723, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 15, "hits": 13, "rate": 0.8666666666666667, "method": "v4", "byYear": { "2012": [ 1, 1 ], "2013": [ 1, 1 ], "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 0, 1 ], "2019": [ 1, 1 ], "2020": [ 1, 1 ], "2021": [ 0, 1 ], "2022": [ 1, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ], "2026": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:33:21.163Z", "hash": "63abc6e2c7b741a4", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000027419.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=27419" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.0626, "growth3y": -0.0134, "volatility": 0.0216, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.2717, "quadrant": { "code": "ss", "label": "Slow and steady", "plain": "growing slower than its size class, with steadier revenue" }, "compass": { "code": "steady", "inside": "Turns 6.3% of revenue into operating cash; revenue shrinking 1.3% a year over three years; pays and raised its dividend.", "outside": "Among $10B+ companies: 25th percentile for cash, 22nd for growth.", "emoji": "🐂", "label": "Steady earner", "plain": "steady and paying a dividend, with average cash" }, "band": "$10B+", "cashPctInClass": 25, "growthPctInClass": 22, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2026-01-31", "operating": 6562000000, "investing": -3649000000, "financing": -2187000000, "capitalSpending": 3727000000, "free": 2835000000, "trend": [ { "fiscalYearEnd": "2022-01-29", "operating": 8625000000, "free": 5081000000 }, { "fiscalYearEnd": "2023-01-28", "operating": 4018000000, "free": -1510000000 }, { "fiscalYearEnd": "2024-02-03", "operating": 8621000000, "free": 3815000000 }, { "fiscalYearEnd": "2025-02-01", "operating": 7367000000, "free": 4476000000 }, { "fiscalYearEnd": "2026-01-31", "operating": 6562000000, "free": 2835000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2026-01-31", "cash": 5488000000, "shortTerm": 4611000000, "longTerm": null, "equityHoldings": null, "totalAssets": 59490000000, "ladder": null, "currentRatio": 0.94, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.0626, "growth3y": -0.0134, "volatility": 0.0216, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.2717, "quadrant": { "code": "ss", "label": "Slow and steady", "plain": "growing slower than its size class, with steadier revenue" }, "compass": { "code": "steady", "inside": "Turns 6.3% of revenue into operating cash; revenue shrinking 1.3% a year over three years; pays and raised its dividend.", "outside": "Among $10B+ companies: 25th percentile for cash, 22nd for growth.", "emoji": "🐂", "label": "Steady earner", "plain": "steady and paying a dividend, with average cash" }, "band": "$10B+", "cashPctInClass": 25, "growthPctInClass": 22, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2026-01-31", "operating": 6562000000, "investing": -3649000000, "financing": -2187000000, "capitalSpending": 3727000000, "free": 2835000000, "trend": [ { "fiscalYearEnd": "2022-01-29", "operating": 8625000000, "free": 5081000000 }, { "fiscalYearEnd": "2023-01-28", "operating": 4018000000, "free": -1510000000 }, { "fiscalYearEnd": "2024-02-03", "operating": 8621000000, "free": 3815000000 }, { "fiscalYearEnd": "2025-02-01", "operating": 7367000000, "free": 4476000000 }, { "fiscalYearEnd": "2026-01-31", "operating": 6562000000, "free": 2835000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2026-01-31", "cash": 5488000000, "shortTerm": 4611000000, "longTerm": null, "equityHoldings": null, "totalAssets": 59490000000, "ladder": null, "currentRatio": 0.94, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }