Target (TGT) announces new $5B share repurchase program Target Corporation announced its board of directors has authorized a new $5 billion share repurchase program. The company will begin repurchasing shares under this new authorization upon completion of the current $10 billion program, which is expected before the end of fiscal 2016.

Through the second quarter of 2016, under its current $10 billion share repurchase program, the company repurchased 125 million shares for a total investment of $8.8 billion. These repurchased shares represented 18.6 percent of shares outstanding at the time the program was announced in January 2012.