For reference, the broad market S&P 500 index is trading at a price-to-earnings ratio of 18.7. Target (NYSE: TGT) may be the poster child for the retail industry's current struggles. Instead, investors should look at the sell-off as a buying opportunity.
Target (NYSE: TGT) has been reeling this year as it deals with the effects of inflation and a big inventory adjustment to reposition stores for what consumers want right now. After yet another sell-off in the market overall, Target is now sporting a 33% decline on the year as we head into the busy fourth-quarter shopping season. Target has taken it on the chin this year.
Dividend Aristocrats are highly-respectable in their own right, but Dividend Kings take the throne. Several companies have recently made their way into the elite club.