Target Sweetens The Deal: Salaried Employees Reportedly To See Bonus Bonanza

3/21/24 12:43:08 PM ET

Department/Specialty Retail Stores

Consumer Discretionary

Department/Specialty Retail Stores

Consumer Discretionary

Get the next $FDIV alert in real time by email

Target Corp (NYSE:TGT) is reportedly doubling the bonuses for salaried workers in an occasional display of its financial strength.

The company is set to pay 100% of eligible bonuses for 2023, doubling the previous year’s allocation of 50%, according to a report from Bloomberg, which cited people familiar with the matter.

The increased bonuses don’t extend to hourly employees and senior executives under a separate bonus arrangement. Bonuses are anticipated to be distributed by the end of March.

Target faced challenges in 2022, contending with inflation and sales declines, primarily driven by shifting consumer priorities towards essential goods over discretionary items like clothing and home goods.

Despite setbacks, recent weeks have seen positive developments, with Target posting better-than-expected fourth-quarter FY23 earnings.

Also, recently, Target revealed its plan to introduce a paid membership program and revamp multiple stores.

Related: Target Unveils New Paid Membership Program – What’s The Benefit?

Shares of Target have risen nearly 20% year to date. Earlier this year, rival Walmart Inc (NYSE:WMT) announced a stock split and increased compensation for store managers.

Investors can gain exposure to the stock via VanEck Retail ETF (NASDAQ:RTH) and MarketDesk Focused U.S. Dividend ETF (NASDAQ:FDIV).

Price Action: TGT shares are trading lower by 0.33% at $169.90 on the last check Thursday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo via Shutterstock

Get the next $FDIV alert in real time by email

Crush Q1 2026 with the Best AI Superconnector

Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

AI-Powered Inbox

Context-aware email replies

Strategic Decision Support

Get Started with Standout.work

Recent Analyst Ratings for
$FDIV
$RTH
$TGT
$WMT

Company	Date	Price Target	Rating	Analyst
Walmart Inc. $WMT	3/5/2026		Buy → Hold	Erste Group
Target Corporation $TGT	3/4/2026	$116.00	Underperform → Mkt Perform	Bernstein
Target Corporation $TGT	3/4/2026	$110.00 → $145.00	Market Perform → Outperform	Telsey Advisory Group
Walmart Inc. $WMT	2/27/2026	$150.00	Buy	BofA Securities
Target Corporation $TGT	2/27/2026	$103.00	Underperform	BofA Securities
Walmart Inc. $WMT	2/20/2026	$131.00	Buy → Hold	HSBC Securities
Walmart Inc. $WMT	2/20/2026	$135.00 → $140.00	Outperform	Telsey Advisory Group
Target Corporation $TGT	1/27/2026		Underperform → Peer Perform	Wolfe Research

More analyst ratings

Levels® Launches Strawberry Whey Protein at Target Stores in the U.S.

The minimal-ingredient, natural whey protein powder is now available in a 1.48 lb canister at select Target locations nationwide.JUPITER, Fla., April 13, 2026 /PRNewswire/ -- Today, Levels announced the launch of its new 1.48 lb canister of Strawberry Whey Protein Powder, now available at select Target stores nationwide. The expanded flavor offering broadens Target shoppers' access to Levels' minimal-ingredient whey protein, giving consumers a new flavor option.Levels' continued retail expansion underscores the brand's growing presence in the protein category and reflects the ri

4/13/26 11:33:00 AM ET

Department/Specialty Retail Stores

Consumer Discretionary

For 13th consecutive year, Walmart, Sam's Club and Feeding America partner for 'Fight Hunger. Spark Change.' hunger relief campaign

CHICAGO, April 6, 2026 /PRNewswire/ -- The Fight Hunger. Spark Change. campaign returns for its 13th year, uniting all U.S. Walmart and Sam's Club locations along with their customers, members, suppliers and associates around a shared goal: ensuring neighbors facing hunger across the country have access to the nutritious food they need to thrive. The campaign is a reflection of what is possible when communities come together. For over 20 years, Walmart, Sam's Club and the Feeding America network have partnered to provide nearly $300 million and more than 9 billion pounds of food

4/6/26 10:08:00 AM ET

Department/Specialty Retail Stores

Consumer Discretionary

Berger Montague PC Investigates Walmart Inc.'s Board of Directors for Breach of Fiduciary Duty (NASDAQ: WMT)

PHILADELPHIA, March 26, 2026 /PRNewswire/ -- National plaintiffs' law firm Berger Montague PC advises shareholders of Walmart Inc. (NASDAQ:WMT) ("Walmart" or the "Company") about an investigation into Walmart's Board of Directors (the "Board") for potential breaches of fiduciary duties owed to the Company and its shareholders regarding whether the Board failed to exercise appropriate oversight and governance in connection with deceptive pay practices for Spark drivers, including base pay, tips, and incentive payments. Shareholders of Walmart may learn more about this investigati

3/26/26 12:49:00 PM ET

Department/Specialty Retail Stores

Consumer Discretionary

$FDIV
$RTH
$TGT
$WMT
Financials

Live finance-specific insights

Target Corporation Declares Regular Quarterly Dividend

MINNEAPOLIS, March 11, 2026 /PRNewswire/ -- The board of directors of Target Corporation (NYSE:TGT) has declared a quarterly dividend of $1.14 per common share. The dividend is payable June 1, 2026 to shareholders of record at the close of business May 13, 2026. The second quarter dividend will be the company's 235th consecutive dividend paid since October 1967 when the company became publicly held.About TargetMinneapolis-based Target Corporation (NYSE:TGT) serves guests at nearly 2,000 stores and at Target.com, with the purpose of helping all families discover the joy of everyday life. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dollars a wee

3/11/26 6:30:00 AM ET

Department/Specialty Retail Stores

Consumer Discretionary

Target Corporation Reports Fourth Quarter and Full-Year 2025 Earnings

MINNEAPOLIS, March 3, 2026 /PRNewswire/ -- Fourth quarter net sales of $30.5 billion were in line with company expectations. Food & Beverage, Beauty and Toys delivered net sales growth in the quarter, with stronger trends in Essentials and Home compared to the third quarter. Non-merchandise sales grew over 25 percent with membership revenue more than doubling from a year ago, double-digit growth from Roundel and over 30 percent growth in marketplace. Same-day delivery powered by Target Circle 360 grew over 30 percent.Sales and traffic trends accelerated in the last two months of the quarter.Fourth quarter GAAP EPS was $2.30, including 15 cents of non-recurring business transformation costs.

3/3/26 6:30:00 AM ET

Department/Specialty Retail Stores

Consumer Discretionary

Walmart Raises Annual Dividend to $0.99 per Share, Marking 53rd Consecutive Year of Dividend Increases

The Board of Directors of Walmart Inc. (NASDAQ:WMT) approved an annual cash dividend for fiscal year 2027 of $0.99 per share. This represents a 5 percent increase from the $0.94 per share paid for the last fiscal year. The fiscal year 2027 annual dividend of $0.99 per share will be paid in four quarterly installments of $0.2475 per share, according to the following record and payable dates: Record Dates Payable Dates March 20, 2026 April 6, 2026 May 8, 2026 May 26, 2026 Aug. 21, 2026 Sept. 8, 2026 Dec. 11, 2026 Jan. 4, 2027 "Dividends continue to be a part of our diversified capital returns approach. We're proud to be

2/19/26 7:03:00 AM ET

Department/Specialty Retail Stores

Consumer Discretionary

$FDIV
$RTH
$TGT
$WMT
Leadership Updates

Live Leadership Updates

Walmart Names Erin Nealy Cox as Chief Legal Officer

Cox to lead Global Governance team and assume role as Corporate Secretary Walmart Inc. (NASDAQ:WMT) announced today that Erin Nealy Cox has been named Walmart's next Executive Vice President of Global Governance, Chief Legal Officer (CLO), and Corporate Secretary. Cox will assume responsibilities on April 13, 2026. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260312066547/en/Erin Nealy Cox, Walmart's next Executive Vice President of Global Governance, Chief Legal Officer (CLO), and Corporate Secretary. "To lead Global Governance for a company of our scale and complexity, you need a leader who has thrived in the most demandin

3/12/26 4:00:00 PM ET

Department/Specialty Retail Stores

Consumer Discretionary

Target Lowers Prices on 3,000 Spring Products, Including Everyday Essentials and On-Trend Apparel and Home Items

MINNEAPOLIS, March 11, 2026 /PRNewswire/ -- Target Corporation (NYSE:TGT) is lowering prices on more than 3,000 on-trend items across its apparel and home assortment, baby essentials and select food and beverages as guests get ready for spring.The price reductions* – most of which are 5% to 20% lower than the original price – are the latest example of Target's strategy to deliver style and design at an incredible value to guests and drive long-term, sustainable growth for the company."Busy families are thinking about value as they begin to update their homes and wardrobes for spring," said Cara Sylvester, executive vice president and chief merchandising officer, Target. "We're delivering by

3/11/26 6:01:00 AM ET

Department/Specialty Retail Stores

Consumer Discretionary

Vertiv Holdings, Lumentum Holdings, Coherent, and EchoStar Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400, and S&P SmallCap 600

NEW YORK, March 6, 2026 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices: NAPCO Security Technologies Inc. (NASD: NSSC) will replace Alexander & Baldwin Inc. (NYSE:ALEX) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, March 13. An investor group comprised of MW Group and funds affiliated with DivcoWest and Blackstone Real Estate is acquiring Alexander & Baldwin in a deal that is expected to close soon, pending final closing conditions.The following changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 will take effect before the market opens on M

3/6/26 6:39:00 PM ET

Engineering & Construction

Consumer Discretionary

Real Estate

Finance