In early October 2023, Target's stock reached a three-year low due to the company's inventory issues and concerns about consumer spending on discretionary items. The stock has since experienced a roller-coaster ride, with its price currently under pressure.
Target has raised its dividend for 54 consecutive years.
Target's current price-to-earnings (P/E) ratio is 16, which is considered a good value compared to the S&P 500, with a P/E ratio of over 28. This indicates that Target's stock is relatively undervalued in comparison to the broader market index.