30 Stocks That Should Double in 3 Years

17. Target Corp. (NYSE:TGT)

Number of Hedge Fund Holders: 56

Target Corp. (NYSE:TGT) is a general merchandise retailer in the US. It offers apparel for women, men, young adults, kids, toddlers, and babies, as well as jewelry, accessories, and shoes. It also offers beauty products, cosmetics, hair care, oral care, deodorant, and shaving products. It also provides food and beverage products.

The company has stores in all 50 states, with store models perfectly fitting the rural, suburban, and urban markets simultaneously. It expects to add around $15 billion in retail sales over the next 5 years. The company’s online marketplace, called Target Plus, has grown to a $1 billion business and features more than 1,500 trusted partners, and shows double-digit growth.

Target engages with trends, which is highlighted by the record-breaking sales of its Taylor Swift exclusives recently. In January alone, Target introduced 2,000 new wellness products, with 600 being exclusive to the company. Tar-zhay is a term coined by customers for Target’s emphasis on affordable and on-trend products. The company’s merchandising, or Tar-zhay strategy, hinges on a unique product mix, such as a $31 billion portfolio of owned brands.