Target (TGT) Change in Inventory (2009 - 2026)
Target (TGT) recorded Change in Inventory of $932 million in fiscal Q2 2027 (quarter ended Aug 1, 2026), compared with -$167 million a year earlier.
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Analysis
Target (TGT) Change in Inventory (2009 - 2026) Analysis & Trends
On a TTM basis, Target's Change in Inventory came in at $368 million as of Aug 1, 2026, up 32.9% year-over-year; for FY2026 (ended Jan 31, 2026), it was -$436 million.
- Across earlier fiscal years, Change in Inventory came in at $854 million in FY2025, -$1.61 billion in FY2024, -$403 million in FY2023 and $3.25 billion in FY2022 (+95.6%).
- Quarterly Change in Inventory has ranged from -$3.62 billion in fiscal Q4 2023 to $3.7 billion in fiscal Q3 2022 over the past five years.
- Peak year-over-year performance for Change in Inventory in the last five years was growth of 25.1% in fiscal Q3 2025, against a decline of 95.8% in fiscal Q1 2027 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $13 million (Q1 2027), -$2.59 billion (Q4 2026) and $2.02 billion (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,686.58 Bn | 2,203.28 Bn | 104.83 Bn | 1.82 Bn |
| 2 | Home Depot | 283.87 Bn | 277.11 Bn | 16.12 Bn | -604.00 Mn |
| 3 | Tjx Companies | 145.82 Bn | 123.36 Bn | 5.07 Bn | 221.00 Mn |
| 4 | Lowes Companies | 103.43 Bn | 96.39 Bn | 8.58 Bn | -709.00 Mn |
| 5 | Ross Stores | 74.61 Bn | 57.54 Bn | 2.12 Bn | 110.41 Mn |
| 6 | Target | 71.16 Bn | 65.74 Bn | 8.94 Bn | 932.00 Mn |
| 7 | O Reilly Automotive | 69.71 Bn | 68.80 Bn | 2.52 Bn | 160.24 Mn |
| 8 | Carvana | 68.78 Bn | 60.38 Bn | 1.38 Bn | 586.00 Mn |
| 9 | Autozone | 46.23 Bn | 45.13 Bn | 2.52 Bn | 104.14 Mn |
| 10 | JD.com | 32.27 Bn | -77.91 Bn | 8.71 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 1, 2026 | 932.00 Mn |
| May 2, 2026 | 13.00 Mn |
| Jan 31, 2026 | -2.59 Bn |
| Nov 1, 2025 | 2.02 Bn |
| Aug 2, 2025 | -167.00 Mn |
| May 3, 2025 | 308.00 Mn |
| Feb 1, 2025 | -2.43 Bn |
| Nov 2, 2024 | 2.56 Bn |
| Aug 3, 2024 | 874.00 Mn |
| May 4, 2024 | -156.00 Mn |
| Feb 3, 2024 | -2.85 Bn |
| Oct 28, 2023 | 2.05 Bn |
| Jul 29, 2023 | 68.00 Mn |
| Apr 29, 2023 | -883.00 Mn |
| Jan 28, 2023 | -3.62 Bn |
| Oct 29, 2022 | 1.80 Bn |
| Jul 30, 2022 | 237.00 Mn |
| Apr 30, 2022 | 1.18 Bn |
| Jan 29, 2022 | -1.06 Bn |
| Oct 30, 2021 | 3.70 Bn |
API Access
Target Change in Inventory API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-inventory&ticker=TGT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-inventory", "ticker": "TGT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-inventory&ticker=TGT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();