#6 - Target (NYSE:TGT)
Target (NYSE: TGT) - Can we all agree that, while Amazon has forever changed the retail landscape, the big-box retailers are finding their feet and starting to claw back into the market. For Target, that has meant an aggressive digital strategy that is competing with, and in some areas beating Amazon. This is an under-the-radar story largely because Target’s stock – that surged over 30% at one point in 2018 – came crashing back to earth, giving back virtually all of its gains. Still, sales continue to grow, particularly in their digital space. And with partners such as Restock and Shipt, Target is enjoying a 50% growth rate in digital sales. In 2019, Target plans to use Shipt to fulfill all of its major product categories. Better still, the orders will be fulfilled directly from stores, so the company will not have to take on the expense of building out distribution centers. As a dividend stock with a forward multiple of 12X earnings to go with a 3.6% dividend yield, Target doesn’t need to anything special, they just need to keep executing their plan well. If they do that, their stock should be rewarded.
About Target
Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.
More- Current Price
- $135.27
- Consensus Rating
- Hold
- Ratings Breakdown
- 15 Buy Ratings, 16 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $157.70 (16.6% Upside)
