Target Corporation Appoints Two Retail Leaders to Board of Directors
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: PRnewswire
- New Board Members: Target Corporation has appointed former Nike Chief Innovation Officer John Hoke and former HanesBrands CEO Steve Bratspies to its Board of Directors, reflecting the company's commitment to understanding consumer needs deeply.
- Hoke's Design Leadership: Hoke, who spent over three decades at Nike and served as Chief Design Officer, drove product innovation and brand development, enhancing the strategic importance of design, which will support Target's product differentiation and market growth.
- Bratspies' Operational Experience: Under Bratspies' leadership, HanesBrands underwent significant global transformation, including the sale of the Champion brand in 2024 and its acquisition by Gildan last year, showcasing his strong operational capabilities in complex consumer businesses.
- Commitment to Governance and Value Creation: Target's Lead Independent Director Christine Leahy stated that these appointments underscore the Board's ongoing commitment to strong governance and long-term value creation, ensuring the company successfully navigates its next growth phase under new CEO Michael Fiddelke.
Analyst Views on TGT
Wall Street analysts forecast TGT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TGT is 98.83 USD with a low forecast of 80.00 USD and a high forecast of 126.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
26 Analyst Rating
8 Buy
14 Hold
4 Sell
Hold
Current: 106.040
Low
80.00
Averages
98.83
High
126.00
Current: 106.040
Low
80.00
Averages
98.83
High
126.00
About TGT
Target Corporation is a general merchandise retailer selling products to its guests through its stores and digital channels. The Company offers customers, referred to as guests, everyday essentials and fashionable, differentiated merchandise at discounted prices. The majority of its stores offer a wide assortment of general merchandise and food. Its merchandise categories include apparel and accessories, beauty and household essentials, food and beverage, hardlines, and home furnishings and decor. Most of its stores are larger than 170,000 square feet, offer a variety of general merchandise and a full line of food items comparable to traditional supermarkets. Its digital channels include a wide merchandise and food assortment, including many items found in its stores, along with a complementary assortment sold by the Company and third parties. Its brands include A New Day, Ava & Viv, Cloud Island, Favorite Day, and others. It serves guests at nearly 2,000 stores and at Target.com.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
