Target (BUE:TGT) Shares Outstanding (Basic Average): 454 Mil (As of Apr. 2026)


BUE:TGT Target Corp BUE:TGT
61 GF Score
Price ARS9,075.00
GF Value ARS8,056.29
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Target Shares Outstanding (Basic Average)?

Target BUE:TGT +4.55% 61 Shares Outstanding (Basic Average) is 454 Mil as of Apr. 2026. GuruFocus rates BUE:TGT with a GF Score™ of 61/100 and a GF Value™ of ARS8,056.29 (Modestly Overvalued). The stock has 9 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Target's average basic shares outstanding for the quarter that ended in Apr. 2026 was 454 Mil.

Target  (BUE:TGT) Shares Outstanding (Basic Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.

Target Shares Outstanding (Basic Average) Related Terms

Target Shares Outstanding (Basic Average) Historical Data

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The historical data trend for Target's Shares Outstanding (Basic Average) 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 Shares Outstanding (Basic Average) Chart

Target Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Shares Outstanding (Basic Average)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 488.10 462.10 461.50 460.40 454.10

Target Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Shares Outstanding (Basic Average) 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 455.00 454.60 453.70 453.20 453.80
BUE:TGT
61GF Score
Target Corp BUE:TGT
Shares Outstanding (Basic Average) is just one metric. See GF Score™, valuation, warning signs, and more.
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Target Shares Outstanding (Basic Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (Basic Average) of 454 Mil mean?
Target (BUE:TGT) has a Shares Outstanding (Basic Average) of 454 Mil as of Apr. 2026. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Target and its competitors.
Is Target's Shares Outstanding (Basic Average) too high?
Target's current Shares Outstanding (Basic Average) is 454 Mil. Overall, Target has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Target's Shares Outstanding (Basic Average) compare to DG and DLTR?
Target's Shares Outstanding (Basic Average) of 454 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 Shares Outstanding (Basic Average) for a Retail - Defensive company?
A good Shares Outstanding (Basic Average) depends on the Retail - Defensive industry context. However, Shares Outstanding (Basic Average) 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 Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Target and its competitors. Target's current Shares Outstanding (Basic Average) is 454 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 (BUE:TGT) is currently considered Modestly Overvalued. The stock's GF Value™ is ARS8,056.29, compared to a current price of ARS9,075.00 — trading 12.6% above its estimated fair value. The current Shares Outstanding (Basic Average) is 454 Mil. Target's overall GF Score™ is 61/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For Target (BUE:TGT), the current Shares Outstanding (Basic Average) is 454 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 (BUE:TGT) Overvalued in 2026?

Based on GuruFocus' analysis, Target stock appears to be overvalued. The current stock price of ARS9,075.00 is trading 12.6% above its estimated GF Value™ of ARS8,056.29. GuruFocus considers Target to be Modestly Overvalued.

Key valuation signals for BUE:TGT:

  • Shares Outstanding (Basic Average): 454 Mil
  • GF Value™: ARS8,056.29 vs. price of ARS9,075.00 (12.6% above fair value)
  • GF Score™: 61/100 with 9 warning signs

No single metric tells the full story. See the BUE: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.
61GF Score

Get the complete analysis for BUE:TGT

Shares Outstanding (Basic Average) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

ARS9,075.00
Price
ARS8,056.29
GF Value