In: Finance
study a corporation. You can venture into any industry, but the corporation of choice must be one that is a publicly traded company, either on the NYSE, or NASDAQ.
research the financial positions of the corporation that you selected, i.e. Balance Sheet, Income Statements, Cash Flows. Look over Market Value and Book Value, identity investor and stakeholder positions. look at the risks associated to the company and, if applicable, corporate performance in both Bear and Bull markets.
Research the financial positions of the corporation that you selected, i.e. Balance Sheet, Income Statements, Cash Flows. Look over Market Value and Book Value, identity investor and stakeholder positions. look at the risks associated to the company and, if applicable, corporate performance in both Bear and Bull markets.
We have selected ‘Target Corporation’, which is publicly traded
company trading on both NYSE & Nasdaq with the Ticker ‘TGT’.
The Stock is currently traded at $71.17 on both NYSE & Nasdaq
stock exchanges. The current outstanding stock of the company is
521.83 Million shares, of which 521.09 Million shares includes the
free float or public share, which makes Target corporation 99.859%
public.
The 2017 sales amounted to $71,879 Million as compared to 2016
sales of $69,495 showing an increase of 3.43%, and the Net
earnings/income amounting to $2,934 Million by 2017 as compared to
$2,737 2016 earnings/income reflecting a 7.2% growth overall. Total
Assets amounted to $38,999 Million by 2018 as compared to $37,431
Million by 2017 and $37,431 Million by 2016.
The Common stock figures of the company were 541.7 Million by Feb.
2018 as compared to 556.2 Million in Jan. 2017 and 602.2 Million by
Jan. 2016 with respective par values of $45, $46 and $50.
As per the Proxy statements/SCHEDULE 14A - Section 16(a) of
beneficial ownership report filed the major shareholders and the
company with Securities Exchange Commission, the Share ownership
structure of Target Corporation by April, 2018 was:
- State Street Corporation owning 9.2% (49,308,674)
shares of the company.
- BlackRock, Inc owning 8.3% (44,370,579) shares of the
company.
- The Vanguard Group owning 7.1% (37,823,852) shares of
the company.
The major risks associated with the business of the company
include the following:
- Competitive and Reputational Risks,that may be
dependent on positive perceptions of the company which, if
affected, adversely affects the business and its relationships with
the clients and other stakeholders.
- In case the business doesn’t positively differentiate
its operations and services from other retailers, the results of
operations could be adversely affected.
- In case the business doesn’t successfully provide a
relevant and reliable experience to its stakeholders, regardless of
where the demand is ultimately fulfilled, the sales, results of
operations and reputation could be adversely affected.
- Investments and Infrastructure Risks - If the capital
investments in remodeling existing stores, building new stores, and
improving technology and supply chain infrastructure do not achieve
appropriate returns, the company's competitive position, financial
condition and results of operations may be adversely
affected.
- Data Security and Privacy Risks - If the company's
efforts to protect the security of information about the clients,
team members, vendors and other third parties are unsuccessful, the
company may face additional costly government enforcement actions
and private litigation, and the sales and reputation could
suffer.
- Supply Chain and Third Party Risks - Changes in the
relationships with the vendors, changes in tax policy or trade
relations, interruptions in the supply chain or increased commodity
or supply chain costs could adversely affect the results of
operations.
- Legal, Regulatory, Global and Other External Risks -
the earnings depend on the state of macroeconomic conditions and
consumer confidence in the United States.
The 5 years stock performance of the company can
be provided as: