Target’s (TGT) shares edged higher on Tuesday morning after the American retailer, which is struggling with declining sales, appointed industry veteran Jeff England as its new chief supply chain and logistics officer. The announcement comes a day before the Minneapolis, Minnesota-based retail chain is expected to deliver its earnings results for its fiscal 2026 first quarter that ended on May 2.
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According to Target, England has over 20 years of operations and supply chain experience in the retail industry and will accelerate the company’s efforts to improve its customer shopping experience.
The appointment, which becomes effective on May 31, comes several months after the retail heavyweight strengthened its board by tapping two ex-C-suite executives from Nike (NKE) and Walmart (WMT).
New Logistics Chief Harps on Modernization
Target, which suffered its fourth consecutive quarter of sales decline during the three-month period that ended on January 31, is plotting a turnaround under Michael Fiddelke, who was appointed CEO in August last year and assumed the role in February.
Fiddelke took over the leadership reins from Brian Cornell, who led the retailer for over a decade. Now, England, a former Walmart (WMT) executive, is joining Target from QXO, the building-products distribution unit of transportation and logistics holding company ArcBest (ARCB).
“We [Target] need to modernize how we plan, move, and deliver products, and we need the right systems in place that enable consistent and repeatable performance,” England said in a blog post, adding that AI and automation can help take over manual and repetitive tasks.
What Wall Street Expects from Q1 Earnings
Analysts on Wall Street anticipate that Target’s net sales improved by 3.5% to $24.66 billion during Q1 2026.
They expect profits to have gained traction too, with earnings per share up 11.5% year-over-year to $1.45.
Is Target Stock Good to Buy Right Now?
On Wall Street, analysts consider Target’s shares a Moderate Buy based on their consensus rating. This is based on 11 Buys, 12 Holds, and two Sells assigned over the past three months.
Moreover, the average TGT price target of $130.71 only implies roughly 5% upside in the months ahead.
