Target Launches Largest Spring Beauty Product Range Ever
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: NASDAQ.COM
- Product Range Expansion: Target will launch nearly 3,000 new beauty products in February, covering skincare, cosmetics, haircare, fragrance, and sun care from over 60 new brands, with more than 90% priced below $20, aiming to attract a broader consumer base.
- K-Beauty Expansion: The K-Beauty product range is Target's largest to date, featuring brands like Dasique and The Crème Shop, reflecting the company's commitment to this rapidly growing market, which is expected to boost sales.
- Haircare Innovation: Target is introducing a new haircare line specifically for all hair types, with brands like Gracie's Corner and Skala, starting at $6.99, aiming to meet consumer demand for diverse haircare products.
- In-Store Experience Upgrade: Target is redesigning beauty product layouts and updating displays and signage to help customers discover products by trend and need, which is expected to enhance customer satisfaction and in-store sales.
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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: 104.100
Low
80.00
Averages
98.83
High
126.00
Current: 104.100
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.
Target Unveils Largest Spring Beauty Collection with 3,000 New Products
- Diverse Product Range: Target is launching nearly 3,000 new products and over 60 new brands nationwide, aiming to meet diverse customer demands for beauty products, thereby enhancing customer satisfaction and market competitiveness.
- Exclusive Brand Introductions: The new collection features exclusive brand Ontu and popular brand Morphe, offering high-quality yet affordable beauty products, which is expected to attract customers seeking premium beauty experiences and further strengthen brand loyalty.
- In-Store Experience Upgrade: Target has redesigned the beauty section layout to highlight the latest and trending products, enhancing the shopping experience for customers, which is anticipated to increase purchase intent and in-store traffic.
- Target Circle 360 Member Benefits: Starting this week, Target Circle 360 members will have early access to select new products, enhancing the exclusive experience for members, which is expected to drive membership growth and boost sales.
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