3 Cheap Retail Stocks to Celebrate Black Friday

Add these stocks to your holiday shopping list! [Shield] AN OXFORD CLUB PUBLICATION [Wealthy Retirement]( [View in browser]( SPONSORED [Insiders Recently Poured $156 Million Into Shares of One Tiny Stock]( [Peter Lynch quote]( [See Why Here!]( [THE VALUE METER]( [3 Cheap Retail Stocks to Celebrate Black Friday]( [Jody Chudley, Contributing Analyst, The Oxford Club]( [Jody Chudley]( Black Friday is here, and it's coming at a good time. There have been quite a few markdowns on retail stocks lately. Over the past two years, the SPDR S&P Retail ETF (NYSE: XRT) is down almost 40%... So this is a good place to find some compelling bargains. [Chart: Retail Stocks Are on Sale]( But instead of going dumpster diving and digging out the absolute cheapest retailers, I'm more interested in buying the really good companies that are going to be long-term winners. Let's Hit the Bull's-Eye Target (NYSE: TGT) released earnings on November 15, and the market loved what it saw! The stock price surged by over 17% for the day. Investors were excited about Target's operating margin increasing from 3.9% to 5.2%. The company is in the early stages of reducing costs, and clearly, the plan is working. Despite the big surge on earnings, though, Target shares are still down 13% for the year and down almost 50% from where they traded two years ago. I think the market is underestimating where Target is headed. I believe more margin expansion is coming thanks to additional cost-saving initiatives. Target has also built a great real estate position. Almost every American lives within 10 miles of a Target location. The company has transformed itself from a big-box store to a one-stop shop that offers everything from household goods to clothes to groceries. And the stock is a true dividend champion. It yields a juicy 3.39% as I write... [Chart: Target's Relentlessly Rising Annual Dividend]( But much more importantly, the company has increased its dividend for 50 consecutive years! The consensus analyst estimate is for Target to earn $8.34 per share in 2025. That would mean the stock is currently trading at around 15 times its projected 2025 earnings. That is a more than reasonable price to pay for this dividend grower... But I expect Target's earnings to beat expectations again as margins continue to improve. If I'm right, then the stock is even cheaper than it currently appears. For that reason, The Value Meter rates Target as being "Slightly Undervalued." [The Value Meter](#) And Target isn't the only retailer you can get at a Black Friday discount... I put two other popular retailers through The Value Meter this week, but I like to keep my emails to you short and sweet. So be sure to get my take on the other two stocks by clicking below! I call one of them "a stock you can buy and hold for the long, long, long term," and I consider the other "one of the greatest businesses in the world"! [FINISH READING HERE]( [Investment U Conference 2024 at the Ojai Valley Inn & Spa in Ojai, California, February 26-29, 2024]( SPONSORED ["50 Years of Data's Screaming Move Your Money NOW"]( A former Goldman Sachs VP warns catching ONE secret market event is critical to recover from any volatile market. He has 50 years of data to prove it. 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