Todd Bunton, CFA, Growth & Income Stock Strategist at Zacks Investment Research, discusses a stock that might be worth a closer look by investors: Target (TGT).
This upscale discount retailer is finally getting back on "target". The company recently delivered solid second quarter results, driven by positive same-store sales growth and expanding profit margins. Management also increased its full year guidance, prompting analysts to revise their estimates higher for both 2015 and 2016, sending the stock to a Zacks Rank #2 (Buy). Target also pays a dividend that yields 2.9% while trading at a reasonable price.
But what else should investors take away from this company? Watch our short video below to learn more about this growth and income stock!