Buyback Radar
Company reports

Target

TGT

Target has retired 50.2% of its shares since 2004, from 913,038,837 to 454,296,736.

50.2%retired since 2004
5.2%last 5 years
-0.3%last 12 months
454Mshares today
Shares outstanding, 1999 to todaysplit adjusted, from SEC filings
a quarter gone 2011half gone 2024913M shares, 2004454M200020052010201520202025
1999, 885,364,0962026-08-21, 454,296,736
A share bought in 1999
1.9× more of Target today, without buying another share. It was one of 885,364,096 shares then. It is one of 454,296,736 now.
Every filing we read28 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
19991999-03-19885,364,09610-Kcover page
20002000-03-17908,922,37610-Kcover page
20012001-04-01899,069,34810-Kcover page
20022002-04-01906,761,40810-Kcover page
20032002-08-03910,601,21710-Kcover page
20042003-08-02913,038,83710-Kcover page
20052004-07-31885,553,00610-Kcover page
20062005-07-30871,024,96510-Kcover page
20072007-03-14858,580,23210-Kcover page
20082008-03-11813,034,09410-Kcover page
20092009-01-31752,712,46410-K/A
20102010-03-10739,316,51810-K/A
20112011-03-07693,063,35210-K
20122012-03-12668,486,97010-K
20132013-03-15641,387,16510-K
20142014-03-10633,174,69210-K
20152015-03-06641,738,79810-K
20162016-03-04599,982,12110-K
20172017-03-02552,675,34110-K
20182018-03-08538,796,01010-K
20192019-03-07516,333,21310-K
20202020-03-05500,961,95110-K
20212021-03-04498,616,18010-K
20222022-03-03462,418,07510-K
20232023-03-02460,363,99110-K
20242024-03-06461,690,20610-K
20252025-03-05455,576,46410-K
20262026-03-04452,855,58910-K

Source: all 10-K filings of Target on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

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Target buybacks, answered

Is Target buying back its stock?

Only enough to stand still. The share count is roughly flat over the last twelve months, at 454,296,736 as of August 21, 2026. Over five years the share count is down 5.2%.

How many shares has Target bought back?

Net of every new share it issued, Target has 458.7 million fewer shares than at its 2004 peak. That is 50.2% of the company. Since fiscal 2008 alone it bought back about 433.9 million shares, while the count fell by 358.7 million. The difference went to employees and other new shares.

How many shares does Target have outstanding?

454,296,736 shares, as of August 21, 2026, from the cover page of its latest 10-Q. At the 2004 peak it had 913,038,837.

What do Target's buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Target stock in 2004 owns 2.0 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Target compare with other cannibal stocks?

Target ranks No. 61 of 251 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Sherwin-Williams (51.2%), Lear (50.9%), American Express (49.6%), Lockheed Martin (49.4%).

Every answer is computed from Target's own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Superinvestors who own it

Richard PzenaPzena Investment Management373,503 shares, $48.8M, Q2 2026
David KatzMatrix Asset Advisors43,192 shares, $6.8M, Q3 2026

From the latest 13F filings. All superinvestors.

Insider buying, last 12 months

No open-market purchases reported in the last 12 months.

The story

The numbers say what happened. The story says whether it can continue. We cover companies like Target in depth on Cannibal Stocks.

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