Stock Market Sell-Off: Buy Target Now

Stock Market Sell-Off: Buy Target Now

Target's (TGT -0.26%) stock declined about 30% this year as investors fretted over the retailer's slowing growth, declining operating margins, and rising inventory levels. The broader market sell-off -- driven by inflation, rising rates, and other macro headwinds -- exacerbated that pain. However, I believe the sell-off has created a good buying opportunity for investors who can tune out the near-term noise. Let's take a fresh look at Target's main business strategies, growth rates, dividends, and valuations to see why it's still a compelling buy in this bear market. How Target became a retail survivor A decade ago, Target struggled to keep up with Amazon and Walmart in the crowded retail space. But in 2014, Brian Cornell took the helm as Target's CEO and focused on renovating its stores, expanding …
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