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If You Invested $1,000 in Target 10 Years Ago, Here’s How Much You’d Have Now

Have you ever thought about how much you would have made if you invested $1,000 in Target 10 years ago? Target is a general goods retailer having locations in each of the 50 United States and the District of Columbia. Target was founded in 1962 as the bargain section of the Dayton’s Company in Minneapolis, Minnesota. It is also the eighth-largest retailer in the United States.

Target sells more gift cards than any other store in the United States. It is also one of the world’s top retailers in terms of revenue. Dayton-Hudson Corporation changed its name to Target Corporation and its ticker symbol to TGT in January 2000. In 2000, the main business was renamed Target Corporation, and it liquidated itself of its final department store brands in 2004. In September 1990, the first Target Greatland store opened in Apple Valley, Minnesota. They were almost twice the amount of conventional Target stores. 

CVS Health signed a deal with Target on June 15, 2015, to buy all of Target’s pharmacies and medical operations for about $1.9 billion. The Target pharmacies were then renamed as CVS Health pharmacies.

On October 2, 2017, Target unveiled Drive Up, a new online order service that allows visitors to buy products online for pickup from outside stores. They arrive in an allocated parking area in front of the store, and a Target employee will quickly arrive to welcome them with their order. Also, many people aren’t aware that Target and The Walt Disney Company announced a collaboration on August 25, 2019, to open a Disney Store at various Target stores. 

If you’d invested $1,000 in Target Corporation (TGT) common stock on June 1, 2011, today the investment would be worth $6,162.47 with an annual rate of return of 19.75%. You would have made a total profit of $5,162.47. 

Last year, the corporation increased its revenue by $15 billion, a 20 percent increase. Target’s broader range of consumer discretionary items, such as home furnishings, enabled it to garner greater prices as individuals chose to indulge in some areas. Target’s most recent earnings still indicate a corporation that is still battling to attract customers in an extremely competitive industry, but this stock could potentially lead to massive returns.

Where to Invest $1,000 Now

Following a Covid-ridden 2020, the company is positioned for a new level of sharper, more sustainable development. If you would like to invest in some stocks that you believe could potentially grow in the future then you should consider contacting a financial advisor.