Target (TGT) Inventory Average (2009 - 2026)
Target's (TGT) quarterly Inventory Average came in at $12.8 billion in Q3 2026, down 1.4% on a YoY basis from $13.0 billion in Q3 2025, and up 3.84% quarter-over-quarter from $12.3 billion in Q2 2026.
Analysis
Target (TGT) Inventory Average (2009 - 2026) Analysis & Trends
Target (TGT) has reported Inventory Average for 18 consecutive years, with $12.8 billion the latest figure, recorded in Q3 2026.
- For the quarter ending Q3 2026, Inventory Average fell 1.4% year-over-year to $12.8 billion; the trailing twelve-month figure through Aug 2026 stood at $12.8 billion (down 1.4% YoY), and the FY2026 full-year result was $12.5 billion, up 1.7% from the prior year.
- Inventory Average climbed to $12.8 billion in Q3 2026 per TGT's latest filing, from $12.3 billion in the prior quarter.
- Across five years, Inventory Average topped out at $16.2 billion in Q4 2022 and bottomed at $11.8 billion in Q2 2024.
- Historically, Inventory Average has averaged $13.6 billion across 5 years, with a median of $13.6 billion in 2026.
- The sharpest annual moves came in 2022 and 2023: Inventory Average jumped 39.48% in 2022, then fell 16.78% in 2023.
- Over 5 years, Inventory Average stood at $16.2 billion in 2022, then declined by 15.48% to $13.7 billion in 2023, then gained by 1.29% to $13.9 billion in 2024, then rose by 0.03% to $13.9 billion in 2025, then dropped by 7.96% to $12.8 billion in 2026.
- According to Business Quant data, Inventory Average over the past three periods registered $12.8 billion, $12.3 billion, and $13.6 billion for Q3 2026, Q2 2026, and Q1 2026 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Target | 70.81 Bn | 65.40 Bn | 8.94 Bn | 12.78 Bn |
| 2 | Five Below | 13.31 Bn | 12.12 Bn | 612.42 Mn | 877.23 Mn |
| 3 | Ollie's Bargain Outlet Holdings | 4.32 Bn | 4.14 Bn | 322.17 Mn | 695.68 Mn |
| 4 | MINISO Group Holding | 2.77 Bn | 1.69 Bn | 387.56 Mn | - |
| 5 | Savers Value Village | 1.48 Bn | 1.39 Bn | 254.92 Mn | 44.99 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 1, 2026 | 12.78 Bn |
| May 2, 2026 | 12.31 Bn |
| Jan 31, 2026 | 13.60 Bn |
| Nov 1, 2025 | 13.89 Bn |
| Aug 2, 2025 | 12.96 Bn |
| May 3, 2025 | 12.89 Bn |
| Feb 1, 2025 | 13.95 Bn |
| Nov 2, 2024 | 13.88 Bn |
| Aug 3, 2024 | 12.17 Bn |
| May 4, 2024 | 11.81 Bn |
| Feb 3, 2024 | 13.31 Bn |
| Oct 28, 2023 | 13.71 Bn |
| Jul 29, 2023 | 12.65 Bn |
| Apr 29, 2023 | 13.06 Bn |
| Jan 28, 2023 | 15.31 Bn |
| Oct 29, 2022 | 16.22 Bn |
| Jul 30, 2022 | 15.20 Bn |
| Apr 30, 2022 | 14.49 Bn |
| Jan 29, 2022 | 14.43 Bn |
| Oct 30, 2021 | 13.11 Bn |