Our annual ranking of America's largest corporations

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28 of 1000
28. Target
Financials: Latest Results
Rank: 28 (Previous rank: 31)
Compare tool: Target vs. Top 10
CEO: Gregg W. Steinhafel
Address: 1000 Nicollet Mall
Minneapolis, MN 55403
Phone: 612-304-6073
Website: www.target.com
In addition to coping with the suddenly thrifty habits of its customers, Target management spent much of last year taking hits from Pershing Square Capital's Bill Ackman. The hedge fund manager has amassed about 8% of the float of Target shares, and he is using it like a cudgel, trying to get the company to offload its credit card business, buy back shares and add him and other hand-picked experts to the board.

With that in the background, Target also needs to rethink its mix of merchandise: While Wal-Mart has been growing its market share during the recession with rock-bottom prices, Target has been struggling mightily. - M.C.

  $ millions % change from 2007
Revenues 64,948.0 2.5
Profits 2,214.0 -22.3
Assets 44,106.0
Stockholders' equity 13,712.0
Market value (3/27/2009) 25,718.8
Profits as % of  
Revenues 3.4
Assets 5.0
Stockholders' equity 16.1
Earnings per share  
2008 $ 2.86
% change from 2007 -14.1
1998-2008 annual growth rate % 11.2
Total return to investors %
2008 -30.1
1998-2008 annual rate 3.2
Rank Company 500
($ millions)
1 Wal-Mart Stores 2 405,607.0
2 Target 28 64,948.0
3 Sears Holdings 49 46,770.0
4 Macy's 96 24,892.0
5 J.C. Penney 139 18,486.0
6 Kohl's 155 16,389.0
7 Dollar General 259 10,457.7
8 Nordstrom 301 8,573.0
9 Dillard's 358 6,988.4
10 Family Dollar Stores 359 6,983.6
11 Bon-Ton Stores 654 3,225.4
12 Saks 677 3,082.0
13 Retail Ventures 930 1,885.0
Issue date: May 4, 2009
Figures are for fiscal year ended Jan. 31, 2009.
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Rank # of Fortune 500 Companies
Texas 64
New York 56
California 51
Company 2008 $ (millions)
Exxon Mobil $45,220.0
Chevron $23,931.0
Microsoft $17,681.0
FAQ and methodology
Included in the survey are U.S. incorporated companies filing financial statements with a government agency. This includes private companies... More
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