With that in mind, let's take a closer look at Target and see what CAPS investors are saying about the stock right now.
Minneapolis, Minn. (1902)
General merchandise stores
Chairman/CEO Gregg Steinhafel
CFO John Mulligan
Return on Equity (average, past 3 years)
$788.0 million/$17.7 billion
Sources: S&P Capital IQ and Motley Fool CAPS.
On CAPS, 95% of the 2,569 members who have rated Target believe the stock will outperform the S&P 500 going forward.
I have to say, I really like Target's business model. They've convinced people to pay a higher price for the same item at their store versus at a rival's (looking at Wal-Mart). ... I think they've created a significant advantage here with their branding. I think that's an advantage that can stick as well, because the economy is improving, and if you think about it Wal-Mart shoppers want to become Target shoppers because it tells them they're doing well financially. I can see Target continuing to grow long-term. Clearly they see opportunities for growth as well. They've jacked up [plant property and equipment] spending.
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The article Why Target Is Poised to Keep Poppin' originally appeared on Fool.com.
Fool contributor Brian Pacampara has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Costco Wholesale. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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