How Will Target (TGT) Stock React to Hiring Former Apple Executive Ben Cook?

Target (TGT) is hiring Ben Cook, an Apple (AAPL) alum, as a senior supply chain VP.
By Rachel Aldrich ,

NEW YORK (TheStreet) -- Target  (TGT) - Get Report  is hiring former Apple (AAPL), Home Depot (HD) and Kimberly Clark (KMB) executive Ben Cook as the company's senior VP of global logistics, inventory allocation and replenishment.

Target is making major adjustments to its operations in order to accommodate growing online sales, the Wall Street Journal reports. The company is trying to adjust to a competitive environment as more customers move online.

Cook will "lead the optimization of Target's inbound and outbound supply chain processes, including carrier transportation and last-mile delivery," as well as oversee inventory and merchandise planning, according to a company statement.

Target has recently struggled with growing out-of-stock items at stores as its online sales take over a greater portion of its revenue.

Shares of Target, based in Minneapolis, closed up 0.72% to $74.48 on Wednesday.

(Target is held in Jim Cramer's charitable trust Action Alerts PLUS. See all of his holdings with a free trial.)

Separately, TheStreet Ratings rated this stock as a "buy" with a ratings score of B-.

The company's strengths can be seen in multiple areas, such as its notable return on equity, reasonable valuation levels, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. TheStreet Ratings feels its strengths outweigh the fact that the company has had sub par growth in net income.

You can view the full analysis from the report here: TGT

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

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