1 Dividend Stock Down 49% You'll Regret Not Buying on the Dip

By Parkev Tatevosian, CFA – Jul 8, 2023 at 4:45AM

NYSE: TGT

Target

Market Cap

$74B

Today's Change

(1.99%) $3.14

Current Price

$160.65

Price as of May 16, 2024, 4:00 p.m. ET

Now that consumers are spending less money on goods in favor of services, this company is experiencing headwinds.

Fool.com contributor Parkev Tatevosian describes why this dividend stock could be an excellent addition to investor portfolios.

*Stock prices used were the afternoon prices of July 4, 2023. The video was published on July 6, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Target. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.