Target shares have roared 14 percent higher in 2016. Jim Cramer spoke with Target Chairman and CEO Brian Cornell about what could be behind the company's success and what to expect this year.
"Not only is Target incredibly well-run, but the company reported a terrific quarter at the end of February … the stock remains darned cheap," the "Mad Money" host said.
According to Nielsen, millennials are a social generation with the majority now opting to live in mixed-use communities found in urban areas. Target recognized the migration of millennials to urban areas and has now focused on opening locations in these communities.
"We know 75 percent of millennials, if you talk to them today, they want to live in cities and around college campuses. So, we are simply just following the consumer," Cornell said.