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Consumer Defensive - Discount Stores - NYSE - US
$ 152.13
-0.873 %
$ 70.1 B
Market Cap
15.72
P/E
1. INTRINSIC VALUE

Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials. It also provides in-store amenities, such as Target Café, Target Optical, Starbucks, and other food service offerings. The company sells its products through its stores; and digital channels, including Target.com. As of March 09, 2022, the company operated approximately 2,000 stores. Target Corporation was incorporated in 1902 and is headquartered in Minneapolis, Minnesota.[ Read More ]

The intrinsic value of one TGT stock under the base case scenario is HIDDEN Compared to the current market price of 152 USD, Target Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart TGT

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FINANCIALS
107 B REVENUE
-1.57%
5.71 B OPERATING INCOME
48.31%
4.14 B NET INCOME
48.85%
8.62 B OPERATING CASH FLOW
114.56%
-4.76 B INVESTING CASH FLOW
13.52%
-2.28 B FINANCING CASH FLOW
-4.05%
25.5 B REVENUE
3.75%
1.64 B OPERATING INCOME
26.16%
1.19 B NET INCOME
26.54%
2.24 B OPERATING CASH FLOW
103.27%
-634 M INVESTING CASH FLOW
5.51%
-1.71 B FINANCING CASH FLOW
-171.16%
Balance Sheet Decomposition Target Corporation
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Current Assets 17.5 B
Cash & Short-Term Investments 3.8 B
Receivables 891 M
Other Current Assets 12.8 B
Non-Current Assets 37.9 B
Long-Term Investments 0
PP&E 36.5 B
Other Non-Current Assets 1.4 B
Current Liabilities 19.3 B
Accounts Payable 12.1 B
Short-Term Debt 1.44 B
Other Current Liabilities 5.76 B
Non-Current Liabilities 22.6 B
Long-Term Debt 16.3 B
Other Non-Current Liabilities 6.31 B
EFFICIENCY
Earnings Waterfall Target Corporation
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Revenue 107 B
Cost Of Revenue 77.7 B
Gross Profit 29.7 B
Operating Expenses 24 B
Operating Income 5.71 B
Other Expenses 1.57 B
Net Income 4.14 B
RATIOS
27.63% GROSS MARGIN
27.63%
5.31% OPERATING MARGIN
5.31%
3.85% NET MARGIN
3.85%
30.81% ROE
30.81%
7.48% ROA
7.48%
16.17% ROIC
16.17%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Target Corporation
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Net Income 4.14 B
Depreciation & Amortization 2.8 B
Capital Expenditures -4.81 B
Stock-Based Compensation 251 M
Change in Working Capital 1.04 B
Others 736 M
Free Cash Flow 3.82 B
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Target Corporation
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Wall Street analysts predict an average 1-year price target for TGT of $175 , with forecasts ranging from a low of $125 to a high of $206 .
TGT Lowest Price Target Wall Street Target
125 USD -17.83%
TGT Average Price Target Wall Street Target
175 USD 14.83%
TGT Highest Price Target Wall Street Target
206 USD 35.41%
4. DIVIDEND ANALYSIS
0.79% DIVIDEND YIELD
1.12 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Target Corporation
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Sold
0-3 MONTHS
9.29 M USD 4
3-6 MONTHS
6.81 M USD 1
6-9 MONTHS
14.8 M USD 7
9-12 MONTHS
3.13 M USD 3
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
1 month ago
Sep 27, 2024
Sell 998 K USD
Gomez Richard H.
Executive Officer
- 6348
157.17 USD
2 months ago
Aug 30, 2024
Sell 153 K USD
LIEGEL MATTHEW A
Chief Accounting Officer
- 1000
153.13 USD
2 months ago
Aug 27, 2024
Sell 7.14 M USD
Cornell Brian C
Executive Officer
- 45000
158.6691 USD
2 months ago
Aug 22, 2024
Sell 1 M USD
LIU DON H
Executive Officer
- 6250
160 USD
5 months ago
Jun 04, 2024
Sell 6.81 M USD
Cornell Brian C
Executive Officer
- 45000
151.3611 USD
7 months ago
Mar 21, 2024
Sell 786 K USD
HENNINGTON CHRISTINA
Executive Officer
- 4600
170.88 USD
8 months ago
Mar 13, 2024
Sell 0 USD
HENNINGTON CHRISTINA
Executive Officer
- 7680.2259
0 USD
8 months ago
Mar 14, 2024
Sell 495 K USD
Kremer Melissa K
Executive Officer
- 3000
165.05 USD
8 months ago
Mar 11, 2024
Sell 7.54 M USD
Cornell Brian C
Executive Officer
- 45000
167.5232 USD
8 months ago
Mar 07, 2024
Sell 700 K USD
ZABEL MATTHEW L
Executive Officer
- 4000
175 USD
8 months ago
Mar 08, 2024
Sell 709 K USD
SYLVESTER CARA A
Executive Officer
- 4125
171.8343 USD
8 months ago
Mar 06, 2024
Sell 3.61 M USD
LIU DON H
Executive Officer
- 21000
171.7764 USD
8 months ago
Mar 06, 2024
Sell 994 K USD
FIDDELKE MICHAEL J
Executive Officer
- 5750
172.8034 USD
11 months ago
Nov 28, 2023
Sell 525 K USD
ZABEL MATTHEW L
Executive Officer
- 4000
131.33 USD
11 months ago
Nov 22, 2023
Sell 522 K USD
HENNINGTON CHRISTINA
Executive Officer
- 4000
130.5487 USD
1 year ago
Nov 16, 2023
Sell 2.08 M USD
LIU DON H
Executive Officer
- 16000
130 USD
1 year ago
Aug 18, 2023
Sell 3.92 M USD
Cornell Brian C
Executive Officer
- 30000
130.7045 USD
1 year ago
May 18, 2023
Sell 235 K USD
LIEGEL MATTHEW A
Chief Accounting Officer
- 1459
160.7459 USD
1 year ago
Mar 31, 2023
Sell 990 K USD
LIU DON H
Executive Officer
- 6000
165 USD
1 year ago
Apr 03, 2023
Sell 1 M USD
LIU DON H
Executive Officer
- 6000
167 USD
1 year ago
Mar 14, 2023
Sell 368 K USD
Cornell Brian C
Executive Officer
- 2300
160.117 USD
1 year ago
Mar 14, 2023
Sell 824 K USD
Cornell Brian C
Executive Officer
- 5200
158.3806 USD
1 year ago
Mar 14, 2023
Sell 1.12 M USD
Cornell Brian C
Executive Officer
- 7100
157.4804 USD
1 year ago
Mar 14, 2023
Sell 3.25 M USD
Cornell Brian C
Executive Officer
- 20400
159.5182 USD
1 year ago
Dec 16, 2022
Sell 1.22 M USD
Mulligan John J
Executive Officer
- 8300
147.1024 USD
1 year ago
Dec 16, 2022
Sell 2.4 M USD
Mulligan John J
Executive Officer
- 16408
146.0671 USD
2 years ago
Sep 14, 2022
Sell 16.9 K USD
Mulligan John J
Executive Officer
- 100
168.53 USD
2 years ago
Sep 14, 2022
Sell 883 K USD
Mulligan John J
Executive Officer
- 5389
163.9334 USD
2 years ago
Sep 14, 2022
Sell 1.13 M USD
Mulligan John J
Executive Officer
- 6749
167.8432 USD
2 years ago
Sep 14, 2022
Sell 1.4 M USD
Mulligan John J
Executive Officer
- 8415
166.1875 USD
2 years ago
Sep 14, 2022
Sell 1.41 M USD
Mulligan John J
Executive Officer
- 8451
167.0935 USD
2 years ago
Sep 14, 2022
Sell 1.65 M USD
Mulligan John J
Executive Officer
- 9997
164.8465 USD
2 years ago
Aug 18, 2022
Sell 213 K USD
LIEGEL MATTHEW A
Chief Accounting Officer
- 1226
173.8046 USD
2 years ago
Jun 17, 2022
Sell 2.68 M USD
Mulligan John J
Executive Officer
- 19244
139.4344 USD
2 years ago
Apr 20, 2022
Sell 508 K USD
SYLVESTER CARA A
Executive Officer
- 2030
250 USD
2 years ago
Apr 20, 2022
Sell 500 K USD
SANDO JILL
Executive Officer
- 2000
250 USD
2 years ago
Apr 20, 2022
Sell 2.15 M USD
Kremer Melissa K
Executive Officer
- 8602
250 USD
2 years ago
Apr 18, 2022
Sell 2.04 M USD
LIU DON H
Executive Officer
- 8500
240 USD
2 years ago
Apr 07, 2022
Sell 1.98 M USD
LIU DON H
Executive Officer
- 8500
233 USD
2 years ago
Apr 04, 2022
Sell 1.05 M USD
FIDDELKE MICHAEL J
Executive Officer
- 5000
210.19 USD
2 years ago
Mar 22, 2022
Sell 809 K USD
BOYLAN KATIE M
Executive Officer
- 3617
223.71 USD
2 years ago
Mar 18, 2022
Sell 338 K USD
Mulligan John J
Executive Officer
- 1535
220.4137 USD
2 years ago
Mar 16, 2022
Sell 453 K USD
HARRISON ROBERT M
Chief Accounting Officer
- 2080
217.868 USD
2 years ago
Mar 16, 2022
Sell 1.28 M USD
Cornell Brian C
Executive Officer
- 5891
217.9511 USD
2 years ago
Dec 17, 2021
Sell 67.8 K USD
Mulligan John J
Executive Officer
- 300
225.9083 USD
2 years ago
Dec 17, 2021
Sell 414 K USD
Mulligan John J
Executive Officer
- 1838
225.2126 USD
2 years ago
Dec 17, 2021
Sell 489 K USD
Mulligan John J
Executive Officer
- 2200
222.2573 USD
2 years ago
Dec 17, 2021
Sell 2.3 M USD
Mulligan John J
Executive Officer
- 10274
223.955 USD
2 years ago
Dec 17, 2021
Sell 3.19 M USD
Mulligan John J
Executive Officer
- 14306
223.2919 USD
2 years ago
Dec 02, 2021
Sell 364 K USD
Cornell Brian C
Executive Officer
- 1500
242.4273 USD
2 years ago
Dec 02, 2021
Sell 1 M USD
Cornell Brian C
Executive Officer
- 4066
246.1321 USD
2 years ago
Dec 02, 2021
Sell 1.44 M USD
Cornell Brian C
Executive Officer
- 5900
243.4978 USD
2 years ago
Dec 02, 2021
Sell 2.26 M USD
Cornell Brian C
Executive Officer
- 9234
244.4378 USD
2 years ago
Dec 02, 2021
Sell 2.28 M USD
Cornell Brian C
Executive Officer
- 9300
245.5272 USD
2 years ago
Nov 24, 2021
Sell 789 K USD
SANDO JILL
Executive Officer
- 3186
247.61 USD
2 years ago
Nov 19, 2021
Sell 1.05 M USD
HENNINGTON CHRISTINA
Executive Officer
- 4173
250.95 USD
2 years ago
Nov 19, 2021
Sell 5.58 M USD
Gomez Richard H.
Executive Officer
- 22242
250.95 USD
3 years ago
Sep 02, 2021
Sell 2.28 M USD
Cornell Brian C
Executive Officer
- 9236
246.4106 USD
3 years ago
Sep 02, 2021
Sell 3.87 M USD
Cornell Brian C
Executive Officer
- 15764
245.7256 USD
3 years ago
Aug 19, 2021
Sell 601 K USD
Mulligan John J
Executive Officer
- 2410
249.2169 USD
3 years ago
Aug 19, 2021
Sell 4.24 M USD
Mulligan John J
Executive Officer
- 17188
246.5693 USD
3 years ago
Aug 19, 2021
Sell 4.74 M USD
Mulligan John J
Executive Officer
- 19314
245.6173 USD
3 years ago
Aug 19, 2021
Sell 4.96 M USD
Mulligan John J
Executive Officer
- 19947
248.5205 USD
3 years ago
Aug 19, 2021
Sell 5.43 M USD
Mulligan John J
Executive Officer
- 21923
247.6767 USD
3 years ago
Aug 06, 2021
Sell 786 K USD
LIU DON H
Executive Officer
- 3000
261.93 USD
3 years ago
Aug 04, 2021
Sell 3.65 M USD
LIU DON H
Executive Officer
- 13977
261.2 USD
3 years ago
Jul 16, 2021
Sell 3.55 M USD
LIU DON H
Executive Officer
- 13985
253.9 USD
3 years ago
May 27, 2021
Sell 444 K USD
SYLVESTER CARA A
Executive Officer
- 1950
227.555 USD
3 years ago
May 27, 2021
Sell 589 K USD
Kremer Melissa K
Executive Officer
- 2603
226.19 USD
3 years ago
May 20, 2021
Sell 1.04 M USD
SCHINDELE MARK
Executive Officer
- 4758
218.05 USD
3 years ago
May 20, 2021
Sell 1.15 M USD
FIDDELKE MICHAEL J
Executive Officer
- 5265
218.05 USD
3 years ago
May 20, 2021
Sell 1.58 M USD
LIU DON H
Executive Officer
- 7225
218.05 USD
3 years ago
Apr 13, 2021
Sell 2.22 M USD
McNamara Michael Edward
Executive Officer
- 10821
204.8087 USD
3 years ago
Apr 13, 2021
Sell 4.2 M USD
McNamara Michael Edward
Executive Officer
- 20602
204.0695 USD
3 years ago
Apr 09, 2021
Sell 394 K USD
Kremer Melissa K
Executive Officer
- 1930
204 USD
3 years ago
Apr 09, 2021
Sell 433 K USD
HENNINGTON CHRISTINA
Executive Officer
- 2121
204 USD
3 years ago
Apr 08, 2021
Sell 479 K USD
HARRISON ROBERT M
Chief Accounting Officer
- 2353
203.61 USD
3 years ago
Apr 08, 2021
Sell 325 K USD
BOYLAN KATIE M
Executive Officer
- 1600
203.1241 USD
3 years ago
Mar 25, 2021
Sell 439 K USD
HARRISON ROBERT M
Chief Accounting Officer
- 2282
192.4481 USD
3 years ago
Mar 19, 2021
Sell 339 K USD
HENNINGTON CHRISTINA
Executive Officer
- 1852
183 USD
3 years ago
Mar 19, 2021
Sell 135 K USD
Kremer Melissa K
Executive Officer
- 716
188 USD
3 years ago
Mar 12, 2021
Sell 80.8 K USD
FIDDELKE MICHAEL J
Executive Officer
- 450
179.4826 USD
3 years ago
Mar 03, 2021
Sell 16.3 M USD
Cornell Brian C
Executive Officer
- 93364
174.2295 USD
3 years ago
Jan 14, 2021
Sell 3.35 M USD
Lundquist Stephanie A
Executive Officer
- 16894
198.3355 USD
3 years ago
Nov 19, 2020
Sell 207 K USD
HARRISON ROBERT M
Chief Accounting Officer
- 1220
169.5 USD
4 years ago
Oct 07, 2020
Sell 720 K USD
Lundquist Stephanie A
Executive Officer
- 4471
161 USD
4 years ago
Sep 29, 2020
Sell 4.36 M USD
McNamara Michael Edward
Executive Officer
- 27726
157.1464 USD
4 years ago
Sep 21, 2020
Sell 357 K USD
SCHINDELE MARK
Executive Officer
- 2405
148.53 USD
4 years ago
Sep 22, 2020
Sell 363 K USD
SCHINDELE MARK
Executive Officer
- 2404
151.15 USD
4 years ago
Sep 23, 2020
Sell 373 K USD
SCHINDELE MARK
Executive Officer
- 2404
155 USD
4 years ago
Sep 17, 2020
Sell 863 K USD
HENNINGTON CHRISTINA
Executive Officer
- 5825
148.166 USD
4 years ago
Aug 25, 2020
Sell 384 K USD
LIU DON H
Executive Officer
- 2487
154.28 USD
4 years ago
Aug 20, 2020
Sell 218 K USD
Cornell Brian C
Executive Officer
- 1400
155.879 USD
4 years ago
Aug 20, 2020
Sell 1.15 M USD
Cornell Brian C
Executive Officer
- 7400
155.1437 USD
4 years ago
Aug 20, 2020
Sell 1.82 M USD
Cornell Brian C
Executive Officer
- 11801
154.1944 USD
4 years ago
Aug 20, 2020
Sell 4.02 M USD
Cornell Brian C
Executive Officer
- 26229
153.2283 USD
4 years ago
Aug 20, 2020
Sell 8.11 M USD
Cornell Brian C
Executive Officer
- 53170
152.4609 USD
4 years ago
Aug 20, 2020
Sell 552 K USD
HENNINGTON CHRISTINA
Executive Officer
- 3564
154.93 USD
4 years ago
Aug 20, 2020
Sell 60.6 K USD
FIDDELKE MICHAEL J
Executive Officer
- 391
154.93 USD
4 years ago
Aug 20, 2020
Sell 1.25 M USD
Kremer Melissa K
Executive Officer
- 8206
152.4003 USD
4 years ago
Aug 20, 2020
Sell 1.02 M USD
Lundquist Stephanie A
Executive Officer
- 6631
153.09 USD
4 years ago
Aug 20, 2020
Sell 9.41 M USD
Ward Laysha
Executive Officer
- 61094
154.0404 USD
4 years ago
Aug 19, 2020
Sell 4.26 M USD
Mulligan John J
Executive Officer
- 28571
148.931 USD
4 years ago
Aug 04, 2020
Sell 1.04 M USD
LIU DON H
Executive Officer
- 8000
130 USD
4 years ago
Jul 24, 2020
Sell 500 K USD
LIU DON H
Executive Officer
- 4000
125 USD
4 years ago
Jun 30, 2020
Sell 480 K USD
LIU DON H
Executive Officer
- 4000
120 USD
4 years ago
Jun 02, 2020
Sell 890 K USD
AUSTIN ROXANNE S
Director
- 7415
120.01 USD
4 years ago
Jun 04, 2020
Sell 1.22 M USD
AUSTIN ROXANNE S
Director
- 10000
122.01 USD
4 years ago
May 29, 2020
Sell 493 K USD
AUSTIN ROXANNE S
Director
- 4109
120.0413 USD
4 years ago
May 21, 2020
Sell 298 K USD
HARRISON ROBERT M
Chief Accounting Officer
- 2500
119.344 USD
4 years ago
May 22, 2020
Sell 289 K USD
SANDO JILL
Executive Officer
- 2435
118.712 USD
4 years ago
May 11, 2020
Sell 13.2 M USD
Cornell Brian C
Executive Officer
- 110000
120 USD
7. News
The Stock Market Beyond Nvidia: Walmart, Target Earnings, And Bitcoin's March To $100K Earnings from Nvidia, Walmart and Target will command the coming week. Bitcoin is the wild card. investors.com - 23 hours ago
Here's why Target is more exposed than Walmart to the sweeping trade changes that Trump promised As America's grocery king, Walmart sources a high share of its products from the US. Target, by contrast, relies more on merchandise that is often imported, such as apparel and housewares. businessinsider.com - 1 day ago
Earnings from Walmart and Target Will Be Key Measures of U.S. Consumer Health Walmart and Target will report earnings next week, providing fresh insight into how consumers are faring shortly after retail data indicated that Americansa have been spending more on "fun" categories. investopedia.com - 1 day ago
Why Target (TGT) is a Top Value Stock for the Long-Term Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores. zacks.com - 1 day ago
Stay Ahead of the Game With Target (TGT) Q3 Earnings: Wall Street's Insights on Key Metrics Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Target (TGT), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended October 2024. zacks.com - 1 day ago
Nvidia Gets a Price Target Hike. But the Stock Is Slipping. Nvidia's next test is the company's quarterly earnings report on Nov. 20. barrons.com - 2 days ago
Blood Cancer-Focused Blueprint Medicines Could Be 'Attractive Target For Partnerships': Analyst JP Morgan initiated coverage on Blueprint Medicines Corporation BPMC, a biotech company focused on modulating immune mast cells. benzinga.com - 2 days ago
SoundHound AI Stock Rebounds On Price-Target Hike SoundHound AI stock continued its roller-coaster ride on Thursday. SOUN stock bounded higher after getting a price-target hike from a Wall Street analyst. investors.com - 2 days ago
Target expected to show no sales growth in third quarter - analyst Bank of America has downgraded its third-quarter sales forecast for Target Corp (NYSE:TGT) ahead of the retail giant's third-quarter earnings. BoE previously anticipated 2% year-on-year sales growth, but analysts now expect to see no top-line growth for the quarter. proactiveinvestors.co.uk - 2 days ago
Target Q3 Earnings Preview: From $500M Loss To 40% EPS Growth Analysts are optimistic about Target, expecting $26B in revenue and a 9.5% YoY EPS growth, despite mixed top-line revisions. Target faced challenges with shrinkage, but recent efforts have shown improvement, contributing to a $500M efficiency gain. FY 2023 results were strong with a 50% YoY EPS increase and higher operating margins, though comparable sales were declining. seekingalpha.com - 2 days ago
Cabral Gold Identifies Fifth Gold-in-Oxide Blanket and Trenches 18M @ 1.9 g/t Gold on Surface at the Jerimum Cima Target, Cuiú Cuiú Gold District, Brazil Vancouver, British Columbia--(Newsfile Corp. - November 14, 2024) - Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) ("Cabral" or the "Company") is pleased to announce trench results from the Jerimum Cima target and the identification of a fifth gold-in-oxide blanket within the Cuiú Cuiú Gold District, Brazil. Highlights Surface trench CT050 at the Jerimum Cima target at Cuiú Cuiú returned 18m @ 1.9 g/t gold including 1m @ 22.8 g/t gold in weathered gold-in-oxide blanket material at surface. newsfilecorp.com - 3 days ago
Cornish Metals Produces a Near Mine Exploration Target at South Crofty VANCOUVER, British Columbia, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Cornish Metals Inc. (AIM/TSX-V: CUSN) (“Cornish Metals” or the “Company”), a mineral exploration and development company focused on the advancement and restart of its 100% owned and permitted South Crofty high-grade tin project in Cornwall, United Kingdom, is pleased to announce that it has developed a near mine Exploration Target at South Crofty. globenewswire.com - 3 days ago
8. Profile Summary

Target Corporation TGT

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COUNTRY US
INDUSTRY Discount Stores
MARKET CAP $ 70.1 B
Dividend Yield 0.79%
Description Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, food, and other merchandise; and beauty and household essentials. It also provides in-store amenities, such as Target Café, Target Optical, Starbucks, and other food service offerings. The company sells its products through its stores; and digital channels, including Target.com. As of March 09, 2022, the company operated approximately 2,000 stores. Target Corporation was incorporated in 1902 and is headquartered in Minneapolis, Minnesota.
Contact 1000 Nicollet Mall, Minneapolis, MN, 55403 https://corporate.target.com
IPO Date Oct. 18, 1967
Employees 415000
Officers Ms. Lisa Roath Executive Vice President & Chief Marketing Officer Ms. Melissa K. Kremer Executive Vice President & Chief HR Officer Mr. Brian C. Cornell Chairman of the Board & Chief Executive Officer Mr. John Hulbert Vice President of Investor Relations Mr. Michael J. Fiddelke Executive Vice President & Chief Operating Officer Ms. A. Christina Hennington Executive Vice President & Chief Growth & Strategy Officer Mr. Matthew A. Liegel Senior Vice President, Chief Accounting Officer & Controller Ms. Katie M. Boylan Executive Vice President & Chief Communications Officer Mr. James Lee Executive Vice President & Chief Financial Officer Mr. Brett R. Craig Executive Vice President & Chief Information Officer