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TARGET CORPORATION

(TGT)
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Delayed Nyse  -  04:03:38 2023-02-08 pm EST
171.79 USD   -1.70%
02/08Piper Sandler Adjusts Price Target on Target to $220 From $200, Maintains Overweight Rating
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01/31Police shoot armed man in Target store in Omaha
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Target : and vineyard vines Announce Limited-Edition Collaboration

02/28/2019 | 10:06am EST
MINNEAPOLIS - February 28, 2019

Lifestyle collection celebrates the ultimate summer gathering, with most items under $35

Target Corporation (NYSE:TGT) and vineyard vines, the lifestyle apparel brand best known for its smiling pink whale logo, today announced a limited-edition collaboration. The collection includes more than 300 unique items spanning home and outdoor goods, pets, as well as apparel, accessories and swim for the entire family. A number of items in the collection are a first for the vineyard vines brand, including many of the home and outdoor goods, such as tableware and games. Ranging in price from $2-$120, with most items under $35, the collection is designed to celebrate the ultimate summer gathering, where everyone’s invited.

“Vineyard vines is a brand that our guests know and love, and one that exemplifies our shared sense of optimism and joy through their use of bold colors and prints,” said Mark Tritton, executive vice president and chief merchandising officer, Target. “We worked closely with the vineyard vines team to create a collection of well-designed, affordable items that are meant to bring people together, whether it’s for a shared meal with friends or a family trip to the beach. Launching just as summer kicks off, this is the perfect collection to help our guests create lasting memories with family and friends, all season long.”

Founded in 1998 when brothers Shep and Ian Murray left their desk jobs to start selling neckties, vineyard vines is an American lifestyle apparel brand with products for men, women and kids. Inspired by summers spent on Martha’s Vineyard in Massachusetts, the brand and its products reflect the state of mind, ‘Every day should feel this good.’ After more than 20 years in business, vineyard vines has expanded to over 100 freestanding stores and is available in more than 600 specialty and department stores across the country.

“Our partnership with Target allows us to share our brand with more people than ever before,” said Ian Murray, CEO and co-founder of vineyard vines. Shep Murray, CEO and co-founder of vineyard vines, added, “We are excited to collaborate with Target, a brand that shares many of our same values including fun, optimism and innovation. We look forward to testing out new product categories and ultimately spreading our message of ‘Every day should feel this good’ in a new and fun way.”

Target pioneered the concept of mass retail design collaborations nearly 20 years ago, and vineyard vines is the most recent partnership from the retailer. Past collaborations include TOMS, Lilly Pulitzer, Hunter and Marimekko. Vineyard vines for Target will be available beginning Saturday, May 18, 2019. To further support the partnership’s focus of bringing people together, Target and vineyard vines will support Camp Southern Ground with camper scholarships, operations, products and essentials for the 2019 summer season, as well as apparel and product for the camp staff. Camp Southern Ground is the passion project of Zac Brown, leader of Zac Brown Band, and is a camp that brings together kids ages 7-17 from all backgrounds. The remainder of the year, the camp provides programs supporting veterans.

More information about vineyard vines for Target is available on A Bullseye View. Guests are invited to join the conversation on social media using #vineyardvinesForTarget.

About Target
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at more than 1,800 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, which today equals millions of dollars a week. For the latest store count or more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter.

About vineyard vines
The lifestyle apparel brand headquartered in Stamford, CT, and best known for its smiling pink whale logo was founded in 1998 on Martha's Vineyard when brothers Shep and Ian Murray left their desk jobs to start making ties that represented the Good Life. In addition to signature neckwear, vineyard vines offers a variety of clothing and accessories for men, women and children. Products are sold in over 600 specialty and department stores worldwide, through a seasonal catalog, at 1.800.892.4982, online at vineyardvines.com and at over one-hundred freestanding stores. vineyard vines is part of an active community onFacebook, Instagram, Twitter, Pinterest, and YouTube.





Disclaimer

Target Corporation published this content on 28 February 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 February 2019 15:05:05 UTC


ę Publicnow 2019
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Financials (USD)
Sales 2023 108 B - -
Net income 2023 2 876 M - -
Net Debt 2023 13 962 M - -
P/E ratio 2023 28,3x
Yield 2023 2,16%
Capitalization 79 077 M 79 077 M -
EV / Sales 2023 0,86x
EV / Sales 2024 0,85x
Nbr of Employees 450 000
Free-Float 99,8%
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Mean consensus OUTPERFORM
Number of Analysts 35
Last Close Price 171,79 $
Average target price 179,29 $
Spread / Average Target 4,37%
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Managers and Directors
Brian C. Cornell Chairman & Chief Executive Officer
Michael J. Fiddelke Senior Vice President-Operations
Brett Craig Chief Information Officer & Executive VP
Pratabkumar Vemana Executive VP, Chief Digital & Product Officer
John J. Mulligan Chief Operating Officer & Executive Vice President
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