Revenue distribution by industry:

• Food and beverages: approx. 20%
• Clothing and accessories: approx. 20%
• Household goods and furniture: approx. 19%
• Electronics and entertainment: approx. 15%
• Health and beauty products: approx. 10%
• Others: approx. 16%

TOP 3 markets by revenue share:

1. USA: approx. 95%
2. Canada: approx. 3%
3. Other international markets: approx. 2%

Target Corporation generates the majority of its revenue from the US market, which is due to its strong presence and dense store network in the USA. The product categories are diverse, with food, clothing, and household goods accounting for a significant portion of the total revenue.

Compared to the domestic market, international markets are still relatively small, but there is potential for growth, especially in Canada and other selected international markets.

Production Sites: Worldwide, with a focus on Asia and the USA

Target Corporation sources its products from a variety of suppliers worldwide. A large portion of the production takes place in Asian countries such as China, Vietnam, and India, where many textiles and consumer goods are manufactured.

Additionally, Target also has production facilities and suppliers in the USA to source certain products locally and diversify its supply chains. This helps the company to be more flexible in responding to market changes and trade conditions.

Revenue Growth: Estimate of 3-5% annually (2025) Investments in E-Commerce: Over 4 billion USD annually (2025) Sustainability Goals: 100% renewable energy by 2030

Target Corporation is pursuing a multi-pronged growth strategy focusing on enhancing customer experience, expanding in e-commerce, and achieving sustainability goals.

The company is making significant investments in its digital infrastructure to enhance the online shopping experience and increase supply chain efficiency. These investments are part of a comprehensive plan to further increase the share of e-commerce revenue.

Additionally, Target is emphasizing the strengthening of its private labels and optimizing its stores to enhance customer loyalty and increase profitability. Sustainability also plays a central role, with Target planning to use 100% renewable energy by 2030 to achieve its environmental goals and strengthen its brand image.

Main Imported Raw Materials/Products:

• Textiles and clothing
• Electronic components
• Furniture

Main Import Countries:

• China
• India
• Vietnam
• Bangladesh

Target Corporation imports a variety of raw materials and finished products to offer its wide range of products in stores and online. Textiles and clothing are among the most important imported materials, with a large portion of these products coming from countries such as China, India, Vietnam, and Bangladesh. These countries are known for their large textile industries and cost-effective production capabilities.

Electronic components are also imported in significant quantities, with China being a leading supplier. Furniture production, often made of wood and metal, is also heavily sourced from Asian countries to meet the demand for affordable and stylish products.

The dependence on these imports makes Target vulnerable to global supply chain disruptions, which is why the company continuously works on diversifying its suppliers.

Market share USA: Approx. 7% (2025, estimated)
Revenue growth: 3.5% (2024)
Gross margin: 28.9% (2024)

Target Corporation has a significant competitive advantage due to its strong brand recognition and the ability to offer a wide range of products at competitive prices. The company benefits from a loyal customer base and an effective omnichannel strategy that includes both brick-and-mortar retail and online sales.

Another advantage is the strategic placement of stores in urban and suburban areas, ensuring high customer accessibility. Target's investments in supply chain and technology have increased efficiency and enable flexible responses to changing market conditions.

Despite intense competition in retail, especially from Amazon and Walmart, Target remains competitive through its differentiated product range and customer experience. Analysts continue to see growth potential, especially through expansion into new markets and improving digital platforms.

Institutional investor share: 80% (estimated for 2025 based on historical data)

Insider purchases: No significant purchases in the last year

Insider sales: Increased sales compared to the previous year

The institutional investor share at Target Corporation is traditionally high, indicating the trust of large investment funds and institutional investors in the company's stability and growth potential.

In 2025, there were no significant insider purchases, which could suggest that management does not expect significant price increases. The increased insider sales could indicate profit-taking or a realignment of executives' personal portfolios.

Market share of Target Corporation (NYSE:TGT): 8% (2025, estimated)

Main competitors and their market shares:

1. Walmart Inc. (NYSE:WMT): 25%
2. Amazon.com, Inc. (NASDAQ:AMZN): 20%
3. Costco Wholesale Corporation (NASDAQ:COST): 10%
4. The Kroger Co. (NYSE:KR): 9%
5. Target Corporation (NYSE:TGT): 8%
6. Home Depot, Inc. (NYSE:HD): 6%
7. Lowe's Companies, Inc. (NYSE:LOW): 5%
8. Best Buy Co., Inc. (NYSE:BBY): 4%
9. Aldi (private): 3%
10. Dollar General Corporation (NYSE:DG): 3%

Moat of Target Corporation:

Target Corporation has a moderate moat, mainly characterized by its strong brand recognition, a differentiated product offering, and a strategic positioning in retail. The ability to effectively integrate both physical stores and e-commerce provides a certain competitive advantage.

However, compared to its competitors, Target has a less pronounced moat than Walmart and Amazon. Walmart benefits from its enormous scale efficiency and global presence, while Amazon stands out due to its technological superiority and logistics networks.

Costco and Kroger also offer strong competitive advantages through their membership models and dominant position in the grocery sector. Overall, Target has a solid, but not insurmountable moat that could be strengthened through continuous innovation and customer loyalty.

Revenue growth: 3.5% (2024) Profit growth: 5.0% (2024) Market share in retail: 7.8% (2024)

Target Corporation achieved moderate revenue growth of 3.5% in 2024. This can be attributed to stable demand and effective marketing strategies. The 5.0% profit growth indicates that the company was able to increase its efficiency, possibly through cost-cutting measures and supply chain optimization.

The 7.8% market share in retail shows that Target holds a significant position in the market, indicating a strong brand presence and customer loyalty. Continuous expansion into the e-commerce sector and investments in digital infrastructure could further support future growth.

In summary, Target Corporation's stock could be a good investment, assuming a stable market position and solid growth potential. However, investors should also consider external factors such as economic conditions and competitive pressure.

Dividend Yield: 2.7% (estimated for 2025)
Dividend History: 52 years of uninterrupted payouts (until 2023)

Target Corporation is known for its reliable dividend policy. Over the past decades, the company has consistently paid out dividends and is considered one of the so-called "Dividend Aristocrats" that have increased their dividends annually for at least 25 years.

Target's current dividend yield is around 2.7%, which is competitive compared to other retail companies. This reliability in payouts is supported by a solid financial foundation and a stable business model.

Analysts expect that Target will continue to be able to pay dividends in the coming years as the company remains profitable and holds a strong market position.