Is Target a Buy Now?
Dividend growth investing is a strategy that has successfully been used by countless investors in the past to achieve financial freedom. By investing in businesses that have rewarded shareholders for decades with rising passive income, it shouldn't be a surprise that such an investing approach can produce impressive results.
Having upped its payout to shareholders for 51 consecutive years, (NYSE: TGT) stands above most of its peers as a Dividend King. But should investors still set their sights on the company for their dividend growth portfolios? Let's delve into the retailer's fundamentals and valuation to address this question.
With almost 2,000 stores across all 50 U.S. states and the District of Columbia, Target is a highly popular general merchandise retailer. In fact, 75% of the U.S. population is distributed within 10 miles of a Target store. Thanks to its powerful store footprint, Target's $62 billion market capitalization earns it the distinction of being the third-biggest discount retailer behind Walmart and Costco.
Source Fool.com
Target Corp. Stock
Currently there is a rather positive sentiment for Target Corp. with 33 Buy predictions and 12 Sell predictions.
On the other hand, the target price of 119 € is below the current price of 129.0 € for Target Corp., so the potential is actually -7.75%.
