2 unchanged sentences
As of March 4, 2021, there were 13,760 shareholders of record.
−Removed: Dividends declared per share for each fiscal quarter during 2019 and 2018 are disclosed in Note 25 to the Financial Statements.
−Removed: On September 20, 2016, our Board of Directors authorized a $5 billion share repurchase program (2016 Program).
−Removed: On September 19, 2019, our Board of Directors authorized a new $5 billion share repurchase program (2019 Program).
−Removed: There is no stated expiration for the share repurchase programs.
−Removed: Under the 2016 Program, we had repurchased 64.5 million shares of common stock through February 1, 2020, at an average price of $75.55, for a total investment of $4.9 billion.
−Removed: The table below presents information with respect to Target common stock purchases made during the three months ended February 1, 2020, by Target or any "affiliated purchaser" of Target, as defined in Rule 10b-18(a)(3) under the Exchange Act.
−Removed: Share Repurchase Activity Total Number
−Removed: Purchased (b)
−Removed: Share Total Number of
−Removed: Shares Purchased
−Removed: as Part of Publicly
−Removed: Announced Programs Dollar Value of
−Removed: Shares that May
−Removed: Yet Be Purchased
−Removed: Under Publicly
−Removed: Announced Programs
−Removed: November 3, 2019 through November 30, 2019
−Removed: Open market and privately negotiated purchases
−Removed: 42,836 $ 126.41 42,836 $ 5,274,490,965
−Removed: December 1, 2019 through January 4, 2020
−Removed: Open market and privately negotiated purchases
−Removed: 515,087 124.21 514,737 5,210,557,849
−Removed: January 5, 2020 through February 1, 2020
−Removed: October 2019 ASR (a)
−Removed: 275,916 117.64 275,916 5,337,294,566
−Removed: Open market and privately negotiated purchases
−Removed: 1,830,760 116.08 1,830,760 5,124,785,446
−Removed: Total 2,664,599 $ 117.81 2,664,249 $ 5,124,785,446
−Removed: (a) Represents the incremental shares received upon final settlement of the accelerated share repurchase (ASR) arrangement initiated in third quarter 2019.
−Removed: (b) Includes shares of common stock reacquired from team members who tendered owned shares to satisfy the exercise price and tax withholding on stock option exercises.
−Removed: For the three months ended February 1, 2020, 350 shares were reacquired at a weighted average price per share of $128.81 pursuant to our long-term incentive plan.
+Added: Dividends declared per share for the twelve months ended January 30, 2021, February 1, 2020, and February 2, 2019, are disclosed on our Consolidated Statements of Shareholders' Investment .
+Added: On September 19, 2019, our Board of Directors authorized a $5 billion share repurchase program with no stated expiration.
+Added: We began repurchasing shares under the authorization during the first quarter of 2020.
+Added: Under the program, we have repurchased 4.6 million shares of common at an average price of $105.80, for a total investment of $484 million.
+Added: As of January 30, 2021, the dollar value of shares that may yet be purchased under the program is $4.5 billion.
+Added: There were no Target common stock purchases made during the three months ended January 30, 2021, by Target or any "affiliated purchaser" of Target, as defined in Rule 10b-18(a)(3) under the Exchange Act.
TARGET CORPORATION
3 unchanged sentences
Fiscal Years Ended
−Removed: 2015 January 30,
−Removed: 2016 January 28,
−Removed: 2017 February 3,
−Removed: 2018 February 2,
−Removed: 2019 February 1,
+Added: January 30, 2016 January 28, 2017 February 3, 2018 February 2, 2019 February 1, 2020 January 30, 2021
Target $ 100.00 $ 90.84 $ 108.44 $ 109.33 $ 175.54 $ 292.98
2 unchanged sentences
Previous Peer Group 100.00 111.11 160.34 167.11 202.85 283.29
−Removed: The graph above compares the cumulative total shareholder return on our common stock for the last five fiscal years with (i) the cumulative total return on the S&P 500 Index, (ii) the peer group used in previous filings consisting of 17 online, general merchandise, department store, food, and specialty retailers (Amazon.com, Inc., Best Buy Co., Inc., Costco Wholesale Corporation, CVS Health Corporation, Dollar General Corporation, Dollar Tree, Inc., The Gap, Inc., The Home Depot, Inc., Kohl's Corporation, The Kroger Co., Lowe's Companies, Inc., Macy's, Inc., Rite Aid Corporation, Sears Holdings Corporation, The TJX Companies, Inc., Walgreens Boots Alliance, Inc., and Walmart Inc.) (Previous Peer Group), and (iii) a new peer group consisting of the companies in the Previous Peer Group, plus Nordstrom, Inc., but excluding Sears Holdings Corporation, which filed for bankruptcy protection and is no longer publicly traded, and The Gap, Inc., which announced its intention to enter a transformational period for its brands (Current Peer Group).
+Added: The graph above compares the cumulative total shareholder return on our common stock for the last five fiscal years with (i) the cumulative total return on the S&P 500 Index, (ii) the peer group used in previous filings consisting of 16 online, general merchandise, department store, food, and specialty retailers (Amazon.com, Inc., Best Buy Co., Inc., Costco Wholesale Corporation, CVS Health Corporation, Dollar General Corporation, Dollar Tree, Inc., The Home Depot, Inc., Kohl's Corporation, The Kroger Co., Lowe's Companies, Inc., Macy's, Inc., Nordstrom, Inc., Rite Aid Corporation, The TJX Companies, Inc., Walgreens Boots Alliance, Inc., and Walmart Inc.) (Previous Peer Group), and (iii) a new peer group consisting of the companies in the Previous Peer Group, plus Albertsons Companies, Inc., The Gap, Inc., and Ross Stores, Inc.
+Added: (Current Peer Group).
The Current Peer Group is consistent with the retail peer group used for our definitive Proxy Statement for the Annual Meeting of Shareholders to be held on June 9, 2021, excluding Publix Super Markets, Inc., which is not quoted on a public stock exchange.
1 unchanged sentence
The graph assumes the investment of $100 in Target common stock, the S&P 500 Index, and the Peer Group on January 29, 2016, and reinvestment of all dividends.
−Removed: TARGET CORPORATION
−Removed: 2019 Form 10-K 14
−Removed: OTHER INFORMATION Table of Contents
−Removed: Index to Financial Statements
Selected Financial Data
−Removed: Selected Financial Data For the Fiscal Year
−Removed: 2017 2016 2015
−Removed: (millions, except per share data) 2019 2018 As Adjusted (a)(b)
−Removed: As Adjusted (b)
−Removed: As Adjusted (b)
−Removed: Sales $ 77,130 $ 74,433 $ 71,786 $ 69,414 $ 73,717
−Removed: Total revenue 78,112 75,356 72,714 70,271 74,494
−Removed: Continuing operations 3,269 2,930 2,908 2,666 3,321
−Removed: Discontinued operations 12 7 6 68 42
−Removed: 3,281 2,937 2,914 2,734 3,363
−Removed: Basic Earnings Per Share
−Removed: Continuing operations
−Removed: 6.39 5.54 5.32 4.61 5.29
−Removed: Discontinued operations 0.02 0.01 0.01 0.12 0.07
−Removed: Basic earnings per share
−Removed: 6.42 5.55 5.32 4.73 5.35
−Removed: Diluted Earnings Per Share
−Removed: Continuing operations
−Removed: 6.34 5.50 5.29 4.58 5.25
−Removed: Discontinued operations 0.02 0.01 0.01 0.12 0.07
−Removed: Diluted earnings per share
−Removed: 6.36 5.51 5.29 4.69 5.31
−Removed: Cash dividends declared per share 2.62 2.54 2.46 2.36 2.20
−Removed: 2020 February 2,
−Removed: 2019 February 3, 2018
−Removed: As Adjusted (b)
−Removed: January 28, 2017
−Removed: As Adjusted (b)
−Removed: Total assets 42,779 41,290 40,303 38,724 40,262
−Removed: Long-term debt, including current portion 11,499 11,275 11,398 12,591 12,760
−Removed: This information should be read in conjunction with MD&A and the Financial Statements.
−Removed: Per share amounts may not foot due to rounding.
−Removed: (a) Consisted of 53 weeks.
−Removed: (b) The selected financial data for fiscal years 2017, 2016, and 2015 and as of February 3, 2018 and January 28, 2017, reflect the adoption of Accounting Standards Update (ASU) No.
−Removed: 2014-09— Revenue from Contracts with Customers (Topic 606).
−Removed: The selected financial data for fiscal years 2017 and 2016 and as of February 3, 2018 and January 28, 2017, reflect the adoption of ASU No.
−Removed: 2016-02— Leases (Topic 842) (Lease Standard) .
−Removed: The selected financial data as of January 30, 2016, does not reflect adoption of Topic 606 or Topic 842.
+Added: Not applicable.
TARGET CORPORATION
1 unchanged sentence
MANAGEMENT'S DISCUSSION AND ANALYSIS Table of Contents
−Removed: EXECUTIVE SUMMARY & ANALYSIS OF OPERATIONS Index to Financial Statements
+Added: EXECUTIVE OVERVIEW & FINANCIAL SUMMARY Index to Financial Statements
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.