Target (NYSE: TGT) may be more cheap than chic these days, and that’s just fine by me. After shopping at Target for a couple of decades, I finally became a shareholder in the discount retailer earlier this month.
I consider this an opportunistic purchase. The stock was slammed late last month, after the company posted unsettling financial results for its fiscal fourth quarter. Revenue and earnings fell short of Wall Street expectations, and Target posted negative comps.