Item 5. Market for Registrant’s Common Equity
Item 5. Market for the Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Our common stock is listed on the New York Stock Exchange under the symbol "TGT." We are authorized to issue up to 6,000,000,000 shares of common stock, par value $0.0833, and up to 5,000,000 shares of preferred stock, par value $0.01. As of March 3, 2022, there were 13,454 shareholders of record. Dividends declared per share for 2021, 2020, and 2019, are disclosed in our Consolidated Statements of Shareholders' Investment .
On August 11, 2021, our Board of Directors authorized a $15 billion share repurchase program with no stated expiration. Under the program, we have repurchased 11.3 million shares of common at an average price of $236.76, for a total investment of $2.7 billion. The table below presents information with respect to Target common stock purchases made during the three months ended January 29, 2022, by Target or any "affiliated purchaser" of Target, as defined in Rule 10b-18(a)(3) under the Exchange Act.
Share Repurchase Activity Total Number
of Shares
Purchased Average
Price
Paid per
Share Total Number of
Shares Purchased
as Part of Publicly Announced Programs Dollar Value of
Shares that May
Yet Be Purchased
Under Publicly Announced Programs
Period
October 31, 2021 through November 27, 2021
Open market and privately negotiated purchases 2,411,568 $ 252.02 2,411,568 $ 14,023,992,438
November 28, 2021 through January 1, 2022
Open market and privately negotiated purchases 4,871,000 234.03 4,871,000 12,884,021,368
January 2, 2022 through January 29, 2022
Open market and privately negotiated purchases 2,445,937 228.12 2,445,937 12,326,055,745
Total 9,728,505 $ 237.00 9,728,505 $ 12,326,055,745
TARGET CORPORATION
2021 Form 10-K 17
OTHER INFORMATION Table of Contents
Index to Financial Statements
Fiscal Years Ended
January 28, 2017 February 3, 2018 February 2, 2019 February 1, 2020 January 30, 2021 January 29, 2022
Target $ 100.00 $ 119.37 $ 120.35 $ 193.23 $ 322.52 $ 392.81
S&P 500 Index 100.00 122.83 122.76 149.23 174.97 211.72
Peer Group 100.00 143.88 150.04 181.80 252.23 264.20
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 and (ii) the peer group consisting of 19 online, general merchandise, department stores, food, and specialty retailers (Albertsons Companies, Inc., 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., Nordstrom, Inc., Rite Aid Corporation, Ross Stores, Inc., The TJX Companies, Inc., Walgreens Boots Alliance, Inc., and Walmart Inc.) (Peer Group). The 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 8, 2022, excluding Publix Super Markets, Inc., which is not quoted on a public stock exchange.
The peer group is weighted by the market capitalization of each component company. The graph assumes the investment of $100 in Target common stock, the S&P 500 Index, and the Peer Group on January 30, 2017, and reinvestment of all dividends.
Item 6. [Reserved]
TARGET CORPORATION
2021 Form 10-K 18
MANAGEMENT'S DISCUSSION AND ANALYSIS Table of Contents
EXECUTIVE OVERVIEW & FINANCIAL SUMMARY Index to Financial Statements