Target Research Report Outline St Bonaventure University目的的研究的报告提纲圣文德大学.docVIP

Proposal: Buy Retail Team: # Shares: 31 Monica DeBergalis % Portfolio: 5% Steve Pietricola Current Price: $51.90 Jack Plants Target Price: $61.78 Sell Price: $45.00 52-Week Range: $36.19 - $52.77 Market Cap: $46.88B P/E: 24.67 Beta: 1.029 Company Background Target Corp. trades on the SP 500 under the ticker symbol TGT. It is in the retail/services sector and is in the retail (department and discount) industry. They currently have 328,000 employees. Target operates general merchandise stores in the United States, including discount stores, promotional stores and traditional department stores. Target also operates an online business. During the fiscal year ended January 31, 2004, the Company operated 1553 stores under Target, Mervyns and Marshall Fields names. The Target chain is located in 47 states, which contributed 86% of the companys total revenue in fiscal 2003. Mervyns was a middle-market promotional department store that was sold in September 2004. Mervyn’s was located in 14 states in the West, South and Midwest, which contributed 7% of the companys total revenue in fiscal 2003. Marshall Fields included stores formerly named Dayton’s and Hudson’s, and was a traditional department store located in eight states in the upper Midwest. Marshall Field’s was sold in July 2004 and contributed 5% of the companys total revenue in fiscal 2003. As of October 30 2004, revenues rose 12% to $31.65 billion. Net income from continuing operations rose 19% to $1.09 billion. In July 2004, the Company sold its Marshall Fields business unit to The May Department Stores Company. In September 2004, Target also sold Mervyns to an investment group, including Sun Capital Partners, Inc., Cerberus Capital Management, L.P.