5 Stocks to Sell According to Billionaire James Dinan

3. Target Corporation (NYSE:TGT)

Number of Hedge Fund Holders: 66

Target Corporation (NYSE:TGT) operates as a general merchandise retailer in the United States.

Dinan sold his entire stake in the retailer in the third quarter.

Nelson Capital Management, an investment management firm, published its second-quarter 2021 investor letter in which it mentioned Target Corporation (NYSE:TGT). Here’s what the experts at Nelson Capital Management had to say:

“We added Target (tkr: TGT) to our consumer staples sector. Target offers a broad array of products in owned and known brand items at affordable prices. Its omnichannel fulfilment centers allow customers to receive their items via in-store pickup, curbside pickup, same-day shipping and regular shipping while simultaneously reducing operating costs. With a significantly lower valuation than peers and a unique operating strategy, Target is an attractive holding.”