Item 5. Market for the Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Our common stock is listed on the New York Stock Exchange under the symbol "TGT." We are authorized to issue up to 6,000,000,000 shares of common stock, par value $0.0833, and up to 5,000,000 shares of preferred stock, par value $0.01. As of March 3, 2022, there were 13,454 shareholders of record. Dividends declared per share for 2021, 2020, and 2019, are disclosed in our Consolidated Statements of Shareholders' Investment.

On August 11, 2021, our Board of Directors authorized a $15 billion share repurchase program with no stated expiration. Under the program, we have repurchased 11.3 million shares of common at an average price of $236.76, for a total investment of $2.7 billion. The table below presents information with respect to Target common stock purchases made during the three months ended January 29, 2022, by Target or any "affiliated purchaser" of Target, as defined in Rule 10b-18(a)(3) under the Exchange Act.


Share Repurchase Activity	Total Number of Shares Purchased	Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Programs	Dollar Value of Shares that May Yet Be Purchased Under Publicly Announced Programs
Period
October 31, 2021 through November 27, 2021
Open market and privately negotiated purchases	2,411,568	$	252.02	2,411,568	$	14,023,992,438
November 28, 2021 through January 1, 2022
Open market and privately negotiated purchases	4,871,000	234.03		4,871,000	12,884,021,368
January 2, 2022 through January 29, 2022
Open market and privately negotiated purchases	2,445,937	228.12		2,445,937	12,326,055,745
Total	9,728,505	$	237.00	9,728,505	$	12,326,055,745


TARGET CORPORATION						2021 Form 10-K			17


			OTHER INFORMATION			Table of Contents
						Index to Financial Statements


	Fiscal Years Ended
	January 28, 2017		February 3, 2018		February 2, 2019		February 1, 2020		January 30, 2021		January 29, 2022
Target	$	100.00	$	119.37	$	120.35	$	193.23	$	322.52	$	392.81
S&P 500 Index	100.00		122.83		122.76		149.23		174.97		211.72
Peer Group	100.00		143.88		150.04		181.80		252.23		264.20

The graph above compares the cumulative total shareholder return on our common stock for the last five fiscal years with (i) the cumulative total return on the S&P 500 Index and (ii) the peer group consisting of 19 online, general merchandise, department stores, food, and specialty retailers (Albertsons Companies, Inc., Amazon.com, Inc., Best Buy Co., Inc., Costco Wholesale Corporation, CVS Health Corporation, Dollar General Corporation, Dollar Tree, Inc., The Gap, Inc., The Home Depot, Inc., Kohl's Corporation, The Kroger Co., Lowe's Companies, Inc., Macy's, Inc., Nordstrom, Inc., Rite Aid Corporation, Ross Stores, Inc., The TJX Companies, Inc., Walgreens Boots Alliance, Inc., and Walmart Inc.) (Peer Group). The Peer Group is consistent with the retail peer group used for our definitive Proxy Statement for the Annual Meeting of Shareholders to be held on June 8, 2022, excluding Publix Super Markets, Inc., which is not quoted on a public stock exchange.

The peer group is weighted by the market capitalization of each component company. The graph assumes the investment of $100 in Target common stock, the S&P 500 Index, and the Peer Group on January 30, 2017, and reinvestment of all dividends.

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