NEW YORK (TheStreet) -- Shares of Target (TGT) - Get Report  were declining in early-morning trading on Monday as Jason Goldberger, the retailer's chief digital officer, left the company. 

Goldberger's role will be split between Chief Information Officer Mike McNamara and Chief Merchandising Officer Mike Tritton, Target announced late Friday, according to Reuters

McNamara will oversee Target's website and digital strategy while Tritton will be responsible for the Minneapolis-based company's pricing and promotions team. 

The company's digital growth has lagged compared to peers like (AMZN) and Walmart (WMT), Reuters reports. 

Digital sales grew 16% in the fiscal 2016 second quarter, while they grew 30% during the same period last year, according to Forbes

Target has said that it plans to spend $1.8 billion this year on improving its e-commerce operations. 

Separately, 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. TheStreet Ratings has this to say about the recommendation:

TheStreet Ratings team rates Target as a Buy with a ratings score of B. This is driven by several positive factors, which it believes should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks it covers. The company's strengths can be seen in multiple areas, such as its notable return on equity, reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. The team 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:


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