Target Corporation (TGT): I Thought The Ulta Beauty Partnership Ending Was Very Significant

We recently published 12 Latest Stocks On Jim Cramer’s Radar. Target Corporation (NYSE:TGT) is one of the stocks Jim Cramer recently discussed.

Target Corporation (NYSE:TGT) is one of the largest retailers in America, whose shares have lost 24% year-to-date. Cramer isn’t a fan of the stock as he has asserted several times in his previous remarks that the firm needs to reduce prices to increase foot traffic in its stores. However, the CNBC TV host prefers Costco and TJX instead, despite believing that Target Corporation (NYSE:TGT) has a good balance sheet. This time, he commented on the end of the firm’s partnership with Ulta Beauty:

“I thought that was very significant because that had been something over and over again, Brian Cornell, CEO of Target, had been telling as a great relationship. I think that Ulta has been, if you look at the chart, incredibly strong stock.

“Target, the exact opposite [of being a strong stock].”

Photo by Franki Chamaki on Unsplash

Here are Cramer’s previous thoughts about Target Corporation (NYSE:TGT):

“It’s easy to spot housing wins extended to beaten-down stocks like the Target or Kohl’s. I’m not a fan of Kohl’s, but I am a fan of Target. And the new buyers, the people who aren’t trapped by Fed dogma, know that there’s fundamental worth to Target, and it’s probably higher than here. You don’t need to worry about what that… worth truly is yet because we’re nowhere near when Target reports.”

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Disclosure: None. This article is originally published at Insider Monkey.