5 Most Undervalued Retail Stocks To Buy Now

4. Target Corporation (NYSE:TGT)

PE as of March 26: 19.32

Number of Hedge Fund Holders: 58

Target Corporation (NYSE:TGT) is one of the biggest retail companies in the US, with 1,956 stores, 59 supply chain facilities, 8 additional offices, and 2 corporate campuses in the country. As of March 26, the stock has a PE ratio of 19.32 and a market cap of $79.568 billion.

On March 13, Target Corporation (NYSE:TGT) announced a quarterly dividend of $1.10, payable by June 10 to the shareholders of record on May 15. As of March 26, the stock has a dividend yield of 2.55%.

According to our database, 58 hedge funds held stakes in Target Corporation (NYSE:TGT) in the fourth quarter of 2023, with positions worth $1.503 billion. With 2.816 million shares of the company, valued at $401.116 million, Diamond Hill Capital is the largest shareholder of the company as of December 31, 2023.

Diamond Hill Capital stated the following regarding Target Corporation (NYSE:TGT) in its fourth quarter 2023 investor letter:

“Other top contributors in Q4 included Allstate, American International Group (AIG) and Target Corporation (NYSE:TGT). US-based mass retailer Target is capitalizing on cleaner inventory, lower freight costs and improved efficiency to improve profitability — and investors rewarded shares accordingly in Q4.”