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The majority of Target Corporation is owned by mutual funds. Mutual funds own over 42 percent of Target, while other institutional investors own more than 39 percent of the discount retailer....
Target.com owns and oversees the company's e-commerce initiatives, such as the Target.com domain. Founded in early 2000 as target.direct, it was formed by separating the company's existing e-commerce operations from its retailing division and combining it with its Rivertown Trading direct-marketing unit into a stand-alone subsidiary. [ 38 ]
Target Leadership: Third President Named. Stephen L. Pistner succeeded William A. Hodder as Target's third president; he was formerly CEO of Team Central, acquired by Dayton Hudson Corp. in 1970.
It became the Dayton-Hudson Corporation after merging with the J.L. Hudson Company in 1969 and held ownership of several department store chains including Dayton's, Hudson's, Marshall Field's, and Mervyn's. In 2000, the Dayton-Hudson Corporation was renamed to Target Corporation.
The Vanguard Group owns 8.76% of Target’s outstanding shares, worth $6.36 billion. The Vanguard Group was founded in 1975 by John C. Bogle with the vision of providing low-cost and long-term investment options to individual investors.
Target (NYSE: TGT) is owned by 81.39% institutional shareholders, 1.00% Target insiders, and 17.61% retail investors. Vanguard Group Inc is the largest individual Target shareholder, owning 44.52M shares representing 9.66% of the company.
Company History: Target Corporation is the fourth largest retailer in the United States, operating 1,556 stores in 47 states. Formerly Dayton Hudson Corporation, Target has three main retail divisions: Target Stores, Mervyn's, and Marshall Field's.
Banker and real estate investor George Draper Dayton incorporated Target in 1902 as Goodfellow Dry Goods. The following year the name was changed to Dayton Dry Goods Company and shortened to Dayton Company in 1911. On May 1, 1962, Dayton Company opened its first Target store, designed as a discount version of Dayton’s department stores.
Target’s ownership is distributed among top individual shareholders and institutional investors. The company’s success is attributed to its customer-centric approach and adaptability to market trends.
Target.com owns and oversees the company's e-commerce initiatives, such as the Target.com domain. Founded in early 2000 as target.direct, it was formed by separating the company's existing e-commerce operations from its retailing division and combining it with its Rivertown Trading direct-marketing unit into a stand-alone subsidiary. [38]