Target hasn’t repurchased any shares in the last two quarters and isn’t planning to in the ‘near term’
Target Corp. said Tuesday it will continue to hold off on share repurchases until cash generation increases to a pace that is consistent with the retailer’s goal of maintaining a strong credit rating.
The discount retailer TGT hasn’t repurchased any shares since the second quarter of 2022. There is is currently $9.7 billion remaining in the $15 billion share-buyback program that was approved in August 2021. The remaining authorization represents about 12.3% of Target’s current market capitalization of $78.77 billion.