36 of 500
Target
36
Rank: 36
Previous rank: 38
CEO: Gregg W. Steinhafel
The second-largest retailer in the U.S. inched up two spots in the Fortune 500 this year, as the gradual economic recovery continued. It ended the year on a sour note, however, with CEO Gregg Steinhafel telling investors that the end of the payroll tax cut and higher gas prices would likely impact sales. The prolonged winter didn’t help Target either, and it lowered its guidance for first quarter earnings.
Headquarters:
1000 Nicollet Mall
Minneapolis, MN. 55403
612-304-6073
Website:
www.target.com
Key financials
$ millions
% change from 2011
Stockholder's equity
16,558
—
Market cap (on 3/29/2013)
43,903
—
Profits as % of
Stockholders' equity
18.1
Earnings per share
2002-2012 annual growth rate %
9.6
Total return to investors
%
2002-2012 annual rate
8.4
Rank
Company
500 Rank
Revenues ($ millions)
More competitors
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From the May 20, 2013 issue