Josiah Kwok ’26 pitched Target Corporation (NYSE: TGT) on September 29, 2025.
Target Corporation operates nearly 1,980 stores across the U.S. and an integrated e-commerce platform, offering a wide range of products from groceries and apparel to electronics and home goods. The company enhances its retail experience through exclusive brand collaborations, in-store amenities like Starbucks and CVS Pharmacy, and proprietary credit card services.
Josiah’s thesis on Target rested on three key pillars: operational adaptability, consistent financial discipline, and a strategic roadmap for future growth. Historically, the company has shown resilience by navigating setbacks like its 2014 withdrawal from Canada and by accelerating digital and contactless services during the pandemic. Its reliable margins have supported a 5.03% dividend yield and an uninterrupted record of payouts, reflecting strong shareholder alignment. Looking ahead, the upcoming transition to CEO Michael Fiddelke in 2026 signals continuity in leadership, with plans to expand owned brands, elevate the in-store experience, and integrate AI-driven forecasting to sustain growth and competitiveness.
SMIF voted not to purchase $26,355 of TGT, which would have been funded by the sale of MDLZ. This was due to concerns about the ongoing declines in store revenues.
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