I pounced on 100 shares of Target stock this morning. Target fell to it’s 52-week low this morning, down to $57.30. Let’s face it, retailers like Target and Wal-Mart are in an uphill battle with online retailers. This is going to be a long war, but I fell that Target will still be a relevant company in the future.
I took advantage of Target’s share price dip this morning and bought 100 shares at $58.75, totaling an investment of $5,875. This latest stock addition takes my annual dividend income from Target from $240, to $480.
What o you think of the retail space? Are stocks like Target and Wal-Mart worth buying or are these companies dead in the water?