5 Best Environmental Stocks To Invest In

In this article, we will take a look at the 5 best environmental stocks to invest in. To see more such companies, go directly to 15 Best Environmental Stocks To Invest In.

5. Target Corporation (NYSE:TGT)

Number of Hedge Fund Holders: 45

Target Corporation (NYSE:TGT) is one of the biggest merchandize retailers in the US. With a market capitalization of $60 billion, Target Corporation (NYSE:TGT) offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories. Recently, JPMorgan raised Target Corporation (NYSE:TGT)’s price target to $125 from $113, while Wells Fargo upgraded the firm’s stock to overweight from equalweight. The company expects to reach net-zero emissions by 2040.

“We want our guests to turn to Target first when they think about sustainability. We know that the only way to make that possible is by putting both people and the planet at the center of our efforts, as we co-create with our guests, our partners and the communities we serve,” Senior Vice President of Corporate Responsibility Amanda Nusz said.

Out of 910 hedge funds profiled by Insider Monkey, 45 held stakes in Target Corporation (NYSE:TGT). The largest stakeholder was Ken Griffin’s Citadel Investment Group which owned roughly 3 million shares of Target Corporation (NYSE:TGT) that were valued at $111.8 million.