Item 5. Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Our common stock is listed on the New York Stock Exchange under the symbol "TGT." We are authorized to issue up to 6,000,000,000 shares of common stock, par value $0.0833, and up to 5,000,000 shares of preferred stock, par value $0.01. As of March 5, 2025, there were 12,240 shareholders of record. Dividends declared per share for 2024, 2023, and 2022, are disclosed in our Consolidated Statements of Shareholders’ Investment.
On August 11, 2021, our Board of Directors authorized a $15 billion share repurchase program with no stated expiration. Under the program, we have repurchased 31.0 million shares of common stock for a total investment of $6.3 billion. The table below presents information with respect to 51³Ô¹Ï common stock purchases made during the three months ended February 1, 2025 by 51³Ô¹Ï or any "affiliated purchaser" of 51³Ô¹Ï, as defined in Rule 10b-18(a)(3) under the Exchange Act.
Share Repurchase Activity
| Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Programs | Dollar Value of Shares that May Yet Be Purchased Under Publicly Announced Programs |
| November 3, 2024 through November 30, 2024 | ||||
| Open market and privately negotiated purchases | 2,080,275 | $138.79 | 2,080,275 | $8,882,754,044 |
| December 1, 2024 through January 4, 2025 | ||||
| Open market and privately negotiated purchases | 1,617,209 | 134.24 | 1,617,209 | 8,665,663,899 |
| January 5, 2025 through February 1, 2025 | ||||
| Open market and privately negotiated purchases | — | — | — | 8,665,663,899 |
| Total | 3,697,484 | $136.80 | 3,697,484 | $8,665,663,899 |
Comparison of Cumulative Five Year Total Return
| Fiscal Years Ended | ||||||
|---|---|---|---|---|---|---|
| February 1, 2020 | January 30, 2021 | January 29, 2022 | January 28, 2023 | February 3, 2024 | February 1, 2025 | |
| 51³Ô¹Ï | $100.00 | $166.91 | $203.29 | $160.71 | $143.24 | $139.81 |
| S&P 500 Index | 100.00 | 117.25 | 141.87 | 132.47 | 164.06 | 202.59 |
| Current Peer Group | 100.00 | 138.80 | 145.52 | 123.79 | 168.93 | 229.60 |
| Previous Peer Group | 100.00 | 138.82 | 145.50 | 123.76 | 168.88 | 229.53 |
The graph above compares the cumulative total shareholder return on our common stock for the last five fiscal years with (i) the cumulative total return on the S&P 500 Index and (ii) the peer group consisting of 20 online, general merchandise, department stores, food, and specialty retailers (Albertsons Companies, Inc., Amazon.com, Inc., Best Buy Co., Inc., BJ's Wholesale Club Holdings, Inc., Costco Wholesale Corporation, CVS Health Corporation, Dollar General Corporation, Dollar Tree, Inc., The Gap, Inc., The Home Depot, Inc., Kohl's Corporation, The Kroger Co., Lowe's Companies, Inc., Macy's, Inc., Nordstrom, Inc., Rite Aid Corporation, Ross Stores, Inc., The TJX Companies, Inc., Walgreens Boots Alliance, Inc., and Walmart Inc.) (Previous Peer Group), and (iii) a new peer group consisting of the companies in the Previous Peer Group, but excluding Rite Aid Corporation, which filed for bankruptcy protection and is no longer publicly traded (Current Peer Group). The Current Peer Group is consistent with the retail peer group described in our definitive Proxy Statement for the Annual Meeting of Shareholders to be held on June 11, 2025, excluding Publix Super Markets, Inc., which is not quoted on a public stock exchange.
The peer group is weighted by the market capitalization of each component company. The graph assumes the investment of $100 in 51³Ô¹Ï common stock, the S&P 500 Index, and each Peer Group on February 1, 2020, and reinvestment of all dividends.