Target Corp (TGT) started this year with its stock tumbling from $60.77 and hitting bottom in June at 46.46. It now seems to be on its way back up, currently at 52.66.
Target is a general merchandiser covering a wide range of products at low prices. This is especially advantageous today when people are worrying about their financial futures and want to make every penny count. Even though Walmart has traditionally been the lowest price retailer, Target is closing in. They have been lowering prices and today can compete with Walmart in some product categories. Target has improved service, merchandise choice and shopping experience. It has outperformed Walmart in these areas according to consumer surveys.
Target’s financial management is lead by CFO Douglas A. Scovanner. Scovanner has been Target’s Executive Vice President and CFO since the year 2000. Apparently the company considers Douglas Scovanner a great asset because in 2009 he received over 8 million dollars of salary and other compensation according to Forbes.
Even if Walmart still has better prices than Target you can make money on target’s stock.
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