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Target : Financial Statements - Form 8-K

01/24/2022 | 12:34pm EDT



Washington, D.C. 20549



Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): January 24, 2022

Target Corporation

(Exact name of registrant as specified in its charter)

Minnesota 1-6049 41-0215170
(State or other jurisdiction of
(Commission File Number) (IRS Employer Identification No.)
1000 Nicollet Mall, Minneapolis, Minnesota55403
(Address of principal executive offices, including zip code)
(612) 304-6073
(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered
Common stock, par value $0.0833 per share TGT New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 9.01. Financial Statements and Exhibits

Exhibits are filed herewith in connection with the Registration Statement on Form S-3 (File No. 333-254130) filed by Target Corporation with the Securities and Exchange Commission. On January 24, 2022, Target Corporation issued $1,000,000,000 aggregate principal amount of 1.950% Notes due 2027 (the "2027 Notes") and $1,000,000,000 aggregate principal amount of 2.950% Notes due 2052 (together with the 2027 Notes, the "Notes"). This Current Report is being filed in connection with the offer and sale of the Notes and to file with the Securities and Exchange Commission the documents and instruments attached hereto as exhibits.

(d) Exhibits
Exhibit No. Description Location
4.1 Form of 1.950% Notes due 2027 Filed herewith
4.2 Form of 2.950% Notes due 2052 Filed herewith
5.1 Opinion of Faegre Drinker Biddle & Reath LLP Filed herewith
23.1 Consent of Opinion of Faegre Drinker Biddle & Reath LLP (included as part of Exhibit 5.1)
104 Cover Page Interactive Data File (formatted as Inline XBRL)


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: January 24, 2022 By /s/ Don H. Liu
Don H. Liu
Executive Vice President, Chief Legal & Risk Officer and Corporate Secretary


Target Corporation published this content on 24 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 January 2022 17:33:06 UTC.

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Analyst Recommendations on TARGET CORPORATION
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Financials (USD)
Sales 2023 110 B - -
Net income 2023 4 863 M - -
Net Debt 2023 12 645 M - -
P/E ratio 2023 14,8x
Yield 2023 2,36%
Capitalization 72 038 M 72 038 M -
EV / Sales 2023 0,77x
EV / Sales 2024 0,74x
Nbr of Employees 450 000
Free-Float 99,8%
Duration : Period :
Target Corporation Technical Analysis Chart | TGT | US87612E1064 | MarketScreener
Technical analysis trends TARGET CORPORATION
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 30
Last Close Price 155,36 $
Average target price 202,19 $
Spread / Average Target 30,1%
EPS Revisions
Managers and Directors
Brian C. Cornell Chairman & Chief Executive Officer
Michael J. Fiddelke Senior Vice President-Operations
John J. Mulligan Chief Operating Officer & Executive Vice President
Tony Heredia Senior Vice President-Compliance & Ethics
Mary Ellen Minnick Independent Director
Sector and Competitors