How Much Is Target Worth?

July 30, 2018 Cupertino / CA / USA - Entrance to one of the Target stores located in south San Francisco bay area.
Sundry Photography / Getty Images

Target is one of America’s oldest retail chains as well as a fixture among the top 10 national retail chains, and it maintains a ranking as the world’s 11th-largest retailer. Here’s how Target’s fiscal performance in the last three years has affected its market value.

What Target Is Worth
Target’s Share Price, 52-Week Range  $166.83 – $268.98
Fiscal 2020 2021 Revenue  $92.4B
Fiscal 2020 Profit  $4.37B
Target’s Net Worth  $14.44B
All information on 52-week range is accurate as of Nov. 19, 2021.
About Target
Headquarters  Minneapolis
Year Founded 1902
CEO Brian Cornell’s Salary  $19.755M

Target‘s Current Market Cap: $122.63B

Although market cap gives you a clear sense of what the market values a company at, it’s based entirely on market sentiment, which, in turn, is based on a multitude of consumer variables and market players.

Target’s market cap is the combined value of all of its outstanding stock, essentially telling you what investors collectively see the company’s worth as. With a market cap that has ranged on either side of $100 billion over the last year, Target is dwarfed by its major competitors like Walmart and Amazon. However, the company has made some solid moves over the past two years that have seen it gain market share. 

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Target’s Net Worth:  $14.44B

As of Jan. 2021, Target’s net worth is $14.44 billion. This figure is derived from the simplest net worth equation, which is total assets minus total liabilities. This net worth has been increasing over the past three years, with comparable figures for 2020 and 2019 being $11.83 billion and $11.30 billion, respectively.

Target faces fierce competition from Walmart and other large retailers. The company has also long been dominated in the online sphere by the likes of Amazon. However, Target is fighting back against the competition. In 2020 and 2021, Target took advantage of the coronavirus pandemic to greatly enhance its online presence, registering year-over-year sales growth of 29% in October 2021 after posting gains of 155% from Q3 2019 to Q3 2020.

Target’s History of Expansion

Target’s history goes all the way back to 1902 when it was first known as Dayton Dry Goods Company, named after founder George Draper Dayton. Ownership changed hands within the Dayton clan, with grandsons Wallace, George II, Kenneth, Donald, Bruce and Douglas eventually assuming leadership roles in the company beginning in 1950. A series of expansions followed soon after, and the culmination of subsequent expansions and partnerships resulted in today’s Target Corporation.

Although its bull’s-eye symbol might be well-known to American shoppers — the company has been using it since 1962 — Target is far less known outside the country compared to other brands. This lack of familiarity is best illustrated by the aborted attempt in 2013 to 2015 to expand into Canada with the now-defunct Target Canada subsidiary.

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However, in the United States, Target has completely turned around its operations and is rapidly gaining market share. The company’s sales momentum began in 2020, when many competitors were forced to shut down but Target’s online presence boomed. According to CNN, the company’s 2020 sales growth was bigger than the previous 11 years combined. The company intends to spend $4 billion per year to upgrade and remodel its stores, along with opening new small and mid-sized stores in a variety of areas.

The company continues to benefit from its partnerships with popular designers, such as clothes designer Isaac Mizrahi and HGTV darlings Chip and Joanna Gaines. But it has also distinguished itself as a low-cost provider of a wide variety of goods, from clothing and electronics to home goods and groceries. Coupled with its increased online presence, Target continues to make moves that help set the company apart from competitors.

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John Csiszar contributed to the reporting for this article.

Methodology: The GOBankingRates Evaluation assesses a company’s net worth based on the company’s total assets, total liabilities, and revenue and net income from the last three years. Base value is established by subtracting total liabilities from total assets from the company’s last full fiscal year. Income value is established by taking the average of the revenue from the last three full fiscal years, plus 10 times the average of the net profits from the last three full fiscal years, and then calculating the average of those two figures. The final GOBankingRates Evaluation number is the sum of the base value and the income value.

Information is accurate as of Nov. 20, 2021.

Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. You can learn more about GOBankingRates’ processes and standards in our editorial policy.

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About the Author

Sean joined the GOBankingRates team in 2018, bringing with him several years of experience with both military and collegiate writing and editing experience. Sean’s first foray into writing happened when he enlisted in the Marines, with the occupational specialty of combat correspondent. He covered military affairs both in garrison and internationally when he deployed to Afghanistan. After finishing his enlistment, he completed his BA in English at UC Berkeley, eventually moving to Southern California.
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