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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Target Corp | NYSE:TGT | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 6.33 | 4.22% | 156.20 | 156.93 | 148.76 | 149.34 | 7,502,635 | 00:54:43 |
From Jun 2021 to Jun 2024
By Colin Kellaher
Target Corp. on Wednesday said its board approved a new $15 billion share-repurchase program.
The Minneapolis retailer, which has nearly 495 million shares outstanding, has a market capitalization of roughly $130 billion based on Tuesday's closing price of $254.65.
Target said it shelled out $1.5 billion during its fiscal second quarter to buy back 6.6 million shares at an average price of $233.81.
The company said that it still had about $1.8 billion of capacity remaining under a $5 billion buyback program the board approved in 2019, adding that it will begin repurchases under the new authorization upon completion of the current program.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
August 18, 2021 07:01 ET (11:01 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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