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Target (TGT) Stock Jumps on Online Sales Growth, Jim Cramer Weighs In

NEW YORK (TheStreet) -- Target Corp. (TGT - Get Report) stock is rising by 3.26% to $76.40 on heavy trading volume on Wednesday afternoon, after the company's digital sales increased by 34% year-over-year for the fiscal 2015 fourth quarter.

The retailer's investments in e-commerce, such as free-shipping, has helped the company compete with Amazon.com (AMZN), which has dominated the online field, TheStreet's Jim Cramer, portfolio manager of the Action Alerts PLUS charitable trust portfolio, and Jack Mohr, research director, wrote on Action Alerts PLUS.

Comparable store sales were up by 1.9% for the quarter ended January 30, beating estimates of a 1.4% increase. Digital sales contributed 1.3 percentage points to overall comparable store...


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