Target Corporation management check
TGT · Consumer Staples · Consumer Staples Merchandise Retail · CEO Mr. Cornell
Filings as of
4 good · 2 to watch · 1 flagged, across the seven questions below.
- Flag
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2022 grew to $67, against $177 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.54 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Good
What does the CEO cost owners?
0.6% of net income$21.8m of reported pay in fiscal 2026, against $3.7bn of net income.
- Watch
Do they own the stock?
Insiders are selling5 insiders sold $19.7m in the last six months and none bought.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -0.8% a year over the last three fiscal years. Stock-based pay was 0.3% of revenue in the latest year.
- Watch
Is leadership stable?
12 leadership filings in 3 yearsCEO in the pay table: Mr. Cornell. 12 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Consumer Staples.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 0 | 31 | |
| Pay for performance | 77 | 84 | |
| CEO cost | 69 | 40 | |
| Skin in the game | — | — | 65 |
| Dilution | 60 | 60 | |
| Stable leadership | 65 | 70 | |
| Clean books | 100 | 100 |
Closest peers
Others in Consumer Staples Merchandise Retail, by management score. Target Corporation is 19th of 33 in its sector.
- 37WMTWalmart83
- 71COSTCostco78
- 259DGDollar General64
- 291TGTTarget Corporation62
- 302KMBKimberly-Clark61
- 334DLTRDollar Tree59
Pay versus performance
From the proxy statement filed April 27, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2026 | Mr. Cornell | $21.8m | $7.8m | $6.7m | $67 | $177 | $3.7bn |
| 2025 | — | $20.4m | $18.6m | $7.5m | $140 | $230 | $4.1bn |
| 2024 | — | $19.2m | $10.8m | $5.3m | $143 | $169 | $4.1bn |
| 2023 | — | $17.7m | −$9.6m | $4.8m | $161 | $123 | $2.8bn |
| 2022 | — | $19.8m | $57.8m | $5.8m | $203 | $145 | $6.9bn |
The board says pay is tied most to Net Sales. Its other key measures: Incentive Operating Income, ROIC, EPS growth, Relative TSR.
Insiders and the CEO's stake
5 insiders sold $19.7m in the last six months and none bought.
- SoldBrian C CornellExecutive Officer$14.7mAug 25, 2026
- SoldMelissa K KremerExecutive Officer$2.6mAug 24, 2026
- SoldCara A SylvesterExecutive Officer$1.3mMay 29, 2026
- SoldLisa R RoathExecutive Officer$966kJun 29, 2026
Leadership and governance on file
- Jul 22, 2026Leadership change8-K 5.02
- Jun 12, 2026Leadership change8-K 5.02
- Feb 10, 2026Leadership change8-K 5.02
- Feb 5, 2026Leadership change8-K 5.02
- Jan 22, 2026Leadership change8-K 5.02
- Aug 20, 2025Leadership change8-K 5.02
- May 21, 2025Leadership change8-K 5.02
- Apr 10, 2025Leadership change8-K/A 5.02
- Sep 19, 2024Leadership change8-K 5.02
- Aug 13, 2024Leadership change8-K/A 5.02
- Jan 18, 2024Leadership change8-K 5.02
- Nov 8, 2023Leadership change8-K/A 5.02
Latest shareholder vote results: Jun 12, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $20.7bn returned to owners in buybacks and dividends, 96% of net income, and $1.3bn of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $106.0bn | $109.1bn | $107.4bn | $106.6bn | $104.8bn |
| Net income | $6.9bn | $2.8bn | $4.1bn | $4.1bn | $3.7bn |
| Stock-based pay | $228.0m | $220.0m | $251.0m | $304.0m | $281.0m |
| Buybacks | $7.2bn | $2.6bn | $0 | $1.0bn | $408.0m |
| Dividends | $1.5bn | $1.8bn | $2.0bn | $2.0bn | $2.1bn |
| Diluted shares | 493m | 465m | 463m | 462m | 456m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.