5 Best 52-Week Low Stocks To Buy Now

In this article, we will take a look at the 5  best 52-week low stocks to buy now. To see more such companies, go directly to 18 Best 52-Week Low Stocks To Buy Now.

5. Target Corporation (NYSE:TGT)

Number of Hedge Fund Holders: 46

Target Corporation (NYSE:TGT)’s shares have lost about 31% year to date through August 16. Target Corporation (NYSE:TGT) is hovering around its 52-week low. Target Corporation (NYSE:TGT) recently posted its Q2 results. Adjusted EPS in the period came in at $1.80 beating estimates by $0.38. Revenue in the quarter fell 4.9% year over year to $24.77 billion, missing estimates by $460 million. Target Corporation (NYSE:TGT) also lowered its full-year sales and profit guidance.

As of the end of the first quarter of 2023, 46 hedge funds out of the 943 funds reported owning stakes in Target Corporation (NYSE:TGT). The biggest stakeholder of Target Corporation (NYSE:TGT) as of the end of March was Ray Dalio’s Bridgewater Associates which owns an $110 million stake in the company.

Smead Value Fund made the following comment about Target Corporation (NYSE:TGT) in its second quarter 2023 investor letter:

“Our biggest detractors were Target Corporation (NYSE:TGT), Warner Brothers (WBD), and Pfizer (PFE). Target was our worst performer in the quarter, primarily driven by customers and public reaction to in-store promotions for the month of June. We believe management has listened to its core customers, made the necessary changes, and avoided structural damage to the brand.”