TGT (Target) Change In Inventory: $731 Mil (TTM As of Apr. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TGT Target Corp TGT
77 GF Score
Price $144.51
GF Value $129.68
Valuation Modestly Overvalued
! 9 Warning Signs
View Full Analysis

What is Target Change In Inventory?

Target TGT -0.95% 77 Change In Inventory is $731 Mil as of Apr. 2026. GuruFocus rates TGT with a GF Score™ of 77/100 and a GF Value™ of $129.68 (Modestly Overvalued). The stock has 9 warning signs investors should review.

Target's change in inventory for the quarter that ended in Apr. 2026 was $-13 Mil. It means Target's inventory increased by $13 Mil from Jan. 2026 to Apr. 2026 .

Target's change in inventory for the fiscal year that ended in Jan. 2026 was $436 Mil. It means Target's inventory declined by $436 Mil from Jan. 2025 to Jan. 2026 .

Target's Total Inventories for the quarter that ended in Apr. 2026 was $12,317 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Target's Days Inventory for the quarter that ended in Apr. 2026 was 62.20.

Inventory Turnover measures how fast the company turns over its inventory within a year. Target's Inventory Turnover for the quarter that ended in Apr. 2026 was 1.47.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Target's Inventory-to-Revenue for the quarter that ended in Apr. 2026 was 0.48.


Target  (NYSE:TGT) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Target's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=12310.5/18061*365 / 4
=62.20

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Target's Inventory Turnover for the quarter that ended in Apr. 2026 is calculated as

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Target's Inventory to Revenue for the quarter that ended in Apr. 2026 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Target Change In Inventory Related Terms


Target Change In Inventory Historical Data

* Premium members only.

The historical data trend for Target's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Target Change In Inventory Chart

Target Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3,249.00 403.00 1,613.00 -854.00 436.00

Target Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -308.00 167.00 -2,015.00 2,592.00 -13.00
TGT
77GF Score
Target Corp TGT
Change In Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Target Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $731 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of $731 Mil mean?
Target (TGT) has a Change In Inventory of $731 Mil as of Apr. 2026. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Target and its competitors.
Is Target's Change In Inventory too high?
Target's current Change In Inventory is $731 Mil. Overall, Target has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Target's Change In Inventory compare to DG and DLTR?
Target's Change In Inventory of $731 Mil can be compared against companies in the Retail - Defensive industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Inventory for a Retail - Defensive company?
A good Change In Inventory depends on the Retail - Defensive industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Target and its competitors. Target's current Change In Inventory is $731 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Target stock overvalued right now?
Based on GuruFocus' analysis, Target (TGT) is currently considered Modestly Overvalued. The stock's GF Value™ is $129.68, compared to a current price of $144.51 — trading 11.4% above its estimated fair value. The current Change In Inventory is $731 Mil. Target's overall GF Score™ is 77/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For Target (TGT), the current Change In Inventory is $731 Mil as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Target (TGT) Overvalued in 2026?

Based on GuruFocus' analysis, Target stock appears to be overvalued. The current stock price of $144.51 is trading 11.4% above its estimated GF Value™ of $129.68. GuruFocus considers Target to be Modestly Overvalued.

Key valuation signals for TGT:

  • Change In Inventory: $731 Mil
  • GF Value™: $129.68 vs. price of $144.51 (11.4% above fair value)
  • GF Score™: 77/100 with 9 warning signs

No single metric tells the full story. See the TGT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Target Business Description

Address 1000 Nicollet Mall, Minneapolis, MN, USA, 55403
Target's start dates back to 1962, but now it is one of the largest discount retailers in the United States (where it derives all of its sales), operating just under 2,000 stores and generating over $104 billion in fiscal 2025 sales. The company offers a broad assortment of merchandise across categories including apparel and accessories (16% of fiscal 2025 revenue), beauty and household essentials (30%), food and beverage (24%), hardlines (15%), as well as home furnishings (15%). Target's model is anchored in its physical store base, which fulfills more than 97% of sales. Around 30% of sales are derived from its own private-label brands.
77GF Score

Get the complete analysis for TGT

Change In Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$144.51
Price
$129.68
GF Value