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Target Corporation (NYSE:TGT) has been named Michael Fiddelke as Executive Vice President and Chief Financial Officer

 Target Corporation (NYSE:TGT) stock identified change of 83.47% away from 52-week low price and recently located move of -0.52% off 52-week high price. It has market worth of $56515.36M and dividend yield of 2.39%. TGT stock has been recorded 10.86% away from 50 day moving average and 32.46% away from 200 day moving average. Moving closer, we can see that shares have been trading 2.79% off 20-day moving average.

On Oct. 9, 2019, Target Corporation (NYSE:TGT) revealed that Michael Fiddelke has been named Executive Vice President and Chief Financial Officer, effective Nov. 1. In this role, Fiddelke will be responsible for financial planning and analysis, financial operations, internal audit, accounting, investor relations, treasury, tax and risk. He will also oversee Target’s Financial and Retail Services, which includes guest relations and management of its financial products, including Target RedCard.

In more than 15 years at Target, Fiddelke has served in a variety of roles across finance, merchandising, human resources, and operations. Most recently he served as Senior Vice President of Operations, leading numerous cross-functional enterprise initiatives spanning merchandising, supply chain, stores and guest experience. He is being appointed after an extensive evaluation of internal and external candidates.

Target’s Chairman and Chief Executive Officer Brian Cornell said, After concluding an extensive global search, it’s clear that Michael is the right leader for this role. With his engineering training and his deep financial experience, Michael is extremely talented at diagnosing and solving complex organizational challenges and driving business results. He is respected as a highly collaborative business partner and will bring a modern approach to financial and enterprise leadership for Target.

Prior to Target, Fiddelke worked at Deloitte Consulting, LLP. Fiddelke has an M.B.A. from Northwestern University’s Kellogg School of Management and a Bachelor of Science in Industrial Engineering from the University of Iowa.

As previously announced, and to ensure a smooth transition, Cathy Smith will begin serving as a strategic advisor on Nov. 1. She will remain in that capacity until May 1, 2020.

 The Services sector company, Target Corporation noticed change of 1.70% to $110.36 along volume of 5823796 shares in recent session compared to an average volume of 5529.43K. The stock observed return of 4.94% in 5 days trading activity. The stock was at 1.41% over one month performance. TGT’s shares are at 27.63% for the quarter and driving a 29.23% return over the course of the past year and is now at 66.98% since this point in 2018. 

 The average volatility for the week at 2.14% and for month was at 1.83%. There are 512.1M shares outstanding and 509.75M shares are floated in market. Right now the stock beta is 0.54. 

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