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TGT Target Corp. featured news, full reports, and detailed charts

Target Corp. (TGT) Wrap Up:

Target Corporation operates general merchandise and food discount stores in the United States. The company offers an assortment of general merchandise, including consumables and commodities; electronics, entertainment, sporting goods, and toys; apparel and accessories; and home furnishings and decor, as well as a line of food items primarily under the Target and Super Target brands. It also sells its merchandise under private-label brands, including Archer Farms, Boots & Barkley, Choxie, Circo, Durabuilt, Embark, Garden Place, Gilligan & O'Malley, itso, Kaori, Market Pantry, Merona, Playwonder, Room Essentials, Sutton and Dodge, Target Brand, Target Home, Trutech, Vroom, Wine Cube, and Xhilaration. Target Corporation also offers merchandise through programs, such as ClearRx, GO International, and Home Design Event. In addition, it markets its merchandise under licensed brands comprising C9 by Champion, Chefmate, Cherokee, Converse One Star, Eddie Bauer, Fieldcrest, Genuine Kids by Osh Kosh, Kitchen Essentials by Calphalon, Liz Lange for Target, Michael Graves Design, Mossimo, Nick & Nora, Perfect Pieces by Victoria Hagan, Sean Conway, Simply Shabby Chic, Smith & Hawken, Sonia Kashuk, and Thomas O'Brien. Target Corporation also operates in-store amenities, such as Food Avenue, Target Clinic, Target Pharmacy, and Target Photo, as well as leased or licensed departments, including Optical, Pizza Hut, Portrait Studio, and Starbucks. The company markets its products through its network of distribution centers, as well as through its online shopping site, Target.com. As of January 31, 2009, it operated 1,682 stores and 34 distribution centers. Target Corporation also provides credit to qualified guests through its branded proprietary credit cards, including the Target Visa and the Target Card. The company was founded in 1902 and is headquartered in Minneapolis, Minnesota.
www.targetcorp.com
351,000 Employees
Founded in 1902

Target Corp. (TGT:NYSE)

LAST $47.46 USD
CHANGE TODAY -0.44 -0.92%
VOLUME 7.7M
As of 4:01 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Target Corp. (TGT)

OPEN
$47.73
PREVIOUS CLOSE
$47.90
DAY HIGH
$48.18
DAY LOW
$47.20
52 WEEK HIGH
10/14/09 - $51.77
52 WEEK LOW
03/6/09 - $25.00
MARKET CAP
35.7B
AVERAGE VOLUME 3 mo
9.9M
DILUTED EPS TTM
$2.87
SHARES OUTSTANDING
751.9M
EX-DATE
11/18/09
P/E TTM
16.6x
DIVIDEND
$0.68
DIVIDEND YIELD
1.43%
K = Thousands  M = Millions  B = Billions
>

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TGT Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

Key developments for Target Corp. (TGT)

Target Corp. Commences Rolling Out its 'P-Fresh' Grocery Model in Texas

Target Corp. has begun rolling out its 'p-fresh' grocery model in Texas. P-fresh, or prototype-fresh, adds grocery departments resembling that of a SuperTarget location to existing Target discount stores. The concept started in Minneapolis and more recently was rolled out in Philadelphia. A prototype p-fresh store in Dallas will serve as a model for 14 additional locations planned for North Texas.

Target Corp. Reports Sales Results for the Four Weeks, Quarter and Year-to-Date Ended October 31, 2009

Target Corp. reported that its net retail sales for the four weeks ended October 31, 2009 were $4,541 million, an increase of 2.8% from $4,415 million for the four weeks ended November 1, 2008. On this same basis, October comparable-store sales decreased 0.1%. Quarter-to-date, net sales were $14,789 million, an increase of 1.4%. On this same basis, October comparable-store sales decreased 1.6%. Year-to-date, net sales were $43,717 million, decreased 0.3%. On this same basis, October comparable-store sales decreased 3.9%.

Monica Pineda Files Lawsuit Against Target Corp. for the Slipping Hazard

Monica Pineda Files Lawsuit Against Target Corp. for the Slipping Hazard. A federal trial court held that a store customer who slipped and fell on a puddle of leaking liquid detergent might be entitled to recover damages from the storeowner because the owner had prior knowledge about the slipping hazard and failed to clean the spill or to otherwise warn customers. Monica Pineda was shopping in a store with her five-month-old daughter and a friend shortly after the store opened. While looking for detergent, the friend noticed a puddle of clear, white liquid and went to report the spill to a store employee. Pineda was shopping in the cosmetic aisle and did not know that the friend discovered or reported the spill to a store employee. Before the friend could warn Pineda about the puddle, Pineda slipped and fell to the ground. When Pineda fell, she was looking forward and not paying attention to the floor. Pineda sued the storeowner alleging that she suffered injuries as a result of the fall and that the storeowner knew about the liquid puddle but failed to protect her and other customers from harm. The premises owner filed a motion for summary judgment arguing that it was not liable to Pineda because it did not have sufficient time to send an employee to clean the spill between the time that the friend reported the spill and Pineda fell. A storeowner has the duty to its patrons to use reasonable care in order to keep the premises reasonably safe and to warn patrons about dangerous conditions about which the owner has actual knowledge or should discover after a reasonable inspection of the premises. In this case, the storeowner argued that Pineda failed to prove a store employee either knew about the spill or had sufficient time to discover and correct it prior to Pineda's accident. The district court did not agree with the premises owner's interpretation of the evidence. Instead, the court noted that at least two to three minutes passed between the time that the friend reported the spill and Pineda slipped and fell. The district court found that a jury could make a reasonable inference that the store employee had sufficient time after the notice to get to the spill before Pineda's fall but failed to do so. The court determined that the evidence created a question of fact for the jury whether, under all the circumstances, the defective puddle of liquid existed long enough so that it would have been discovered and remedied by an owner in the exercise of reasonable care and therefore denied the motion for summary judgment.

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TGT Competitors

Company Last Change
Costco Wholesale Corporation $60.06 USD -0.42
Kroger Co $22.86 USD +0.04
Lowe's Companies Inc $21.35 USD -0.14
Home Depot Inc $27.18 USD +0.07
Walgreens $38.97 USD -0.06
Market data is delayed at least 20 minutes.

Industry Analysis

Valuation TGT Industry Range
Price/Earnings 17.1x
Price/Sales 0.6x
Price/Book 2.4x
Price/Cash Flow 9.0x
TEV/Sales 0.3x

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