Target (TGT) Earnings Report, Financial Results, Financial analysis

Target Corp reported in I. Quarter net earnings per share of $4.17 an increase by 644.64 % year on year from $0.56 and an improvement of 52.9 % from $2.73 realized in IV. Quarter (Jan 30 2021).

*I. Quarter*
Earnings Per Share	Revenues
$ 4.17	$ 24,197 Mill
$+3.61 +644.64 %	$+4,582M +23.36 %

Target's Revenue rose by 23.36 % in I. Quarter (May 01 2021) year on year, to $24,197 million and declined by -14.62 % sequentially.

Target is Expected to report next financial results on March 09, 2022.

More on TGT's Income Statement

Sales Growth by Division


	• U.S. 2.77% Y/Y

TGT's Segments

TGT's NET INCOME

Target's net income of $2,097 million in I. Quarter increased by 638.38 % from net earnings of $284 million achieved in I. Quarter a year ago.

Sequentially net earnings grew by 51.96 % from net income of $1,380.00 million realized in previous quarter.

More on TGT's Growth

Target Income Growth by Division
• U.S. 14.66% Y/Y Inventories grew by 22.77 % to $10,539 million from I. Quarter a year ago, sequentially inventories fell by -1.07 %. In I. Quarter company's net cash and cash equivalents decreased by $-695 million, capital expenditures grew by -28.10%, to $-540 millions compare to same quarter a year ago and rose by -15.63% from IV. Quarter (Jan 30 2021).

More on TGT's Cash flow Statement

Earnings quality

Target Corp payed out dividend of $2.68 per share in last 52 weeks representing 21.86 % of net earning per share in trailing twelve-month period.

During the same period Target Corp earned $ 20.62 cash per share, on a free-cash flow basis 168.19 % of net earning per share.

Book value grew by 4.13 % sequentially to $29.72 per share, 62.28% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 29.72 per share from $ 28.54.

Company repurchased 2.60 million shares or 0.51 % in I. Quarter.
Interest Coverage Ratio was 9.08. Debt Coverage Ratio was 0.67.

• More on TGT's Dividends

Market Capitalization (Millions)	117,262
Shares Outstanding (Millions)	503
Total Debt (Millions $)	12,682
Revenue (TTM) (Millions $)	98,143
Net Income (TTM) (Millions $)	6,181
Cash Flow (TTM) (Millions $)	3,250
Capital Exp. (TTM) (Millions $)	-2,438
Dividend TTM ($)	2.68 $
Dividend Yield TTM (%)	1.16 %
Employees (TTM) $	368,000

Earnings quality

• More on TGT's Balance Sheets

Market Capitalization (Millions)	117,262
Shares Outstanding (Millions)	503
Total Debt (Millions $)	12,682
Revenue (TTM) (Millions $)	98,143
Net Income (TTM) (Millions $)	6,181
Cash Flow (TTM) (Millions $)	3,250
Capital Exp. (TTM) (Millions $)	-2,438
Dividend TTM ($)	2.68 $
Dividend Yield TTM (%)	1.16 %
Employees (TTM) $	368,000

Operating Statistics	Decrease / Increase

• View Annual Report


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Target Corp

TGT's Financial Statements and Analysis