Target Corp (TGT)

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7 Undervalued Dividend Stocks to Buy Now
By: InvestorPlace | May 16, 2022

• These dividend darlings can help you earn passive income to ride out the volatility in current markets

Target (TGT)

With a P/E ratio of 15.6, Target (NYSE:TGT) is trading right around its sector average. TGT stock is a dividend king. It’s increased its dividend in each of the last 51 years. And rock-solid fundamentals means the dividend is in no danger. For example, in the last quarter alone, the company generated nearly $2 billion in free cash flow (FCF).

Target remains a cult brand to its loyal customers. This allows the company to avoid getting into the price wars that can bedevil this sector. And the company’s early pivot to the omnichannel model turned out to be a savvy move during the pandemic.

The company is showing strong growth in its digital business that will help the company stay top-of-mind for those everyday items that consumers will still need to purchase.

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