Last Updated on 11/16/2020 by GS Staff
No, Macy’s does not own Target. Keep reading for additional details.
Target
Target is a publicly traded company that trades under the stock symbol (TGT). Its is headquartered in Minneapolis, Minnesota.
Target is owned by a variety of individuals, mutual funds, institutions, and insiders who own shares of Target. Macy’s does not have any meaningful ownership of Target.
The top five major holders of Target shares at the time of this article were:
- Vanguard Group
- State Street
- Blackrock
- Bank of America
- Wells Fargo
SEE ALSO>>>Is Costco owned by Target?
Macy’s
Macy’s is a separate public company that trades under the symbol (M). Its headquarters is located in New York, New York.
The brands owned by Macy’s include:
- Macy’s
- Bloomingdale’s
- Bluemercury
The Marshall Field’s, Target/Macy’s Connection
Dayton-Hudson Corporation (now Target Corporation) owned Dayton’s and Hudson’s department stores. In 2001, these department stores were renamed under the name Marshall Field’s. Approximately 3 years later, Marshall Field’s was sold to May Department stores. Then in 2005, Federated Department Stores, who was the parent company of Macy’s, acquired May.
In other words, there was somewhat of a connection between Target and Macy’s through Marshall Field’s. However, Target never owned Macy’s, and Macy’s never owned Target.
Conclusion
Target is a much larger company compared to Macy’s in regard to market cap. Target is valued at around $83 billion versus about $2.4 billion for Macy’s. If one company were ever to own the other, Target would likely acquire Macy’s. However, we have no reason to believe that this would ever happen.
