
Minneapolis, Minnesota-based Target Corporation (TGT) owns and operates general merchandise stores. Valued at $61.93 billion by market cap, the company focuses on merchandising operations, which include general merchandise and food discount stores and a fully integrated online business. TGT also offers credit to qualified applicants through its branded proprietary credit cards.
Shares of this retail giant have underperformed the broader market over the past year. TGT has gained 2.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 17%. In 2024, TGT stock is down 4.9%, while the SPX is up 9.9% on a YTD basis.