Target is about 50% below its all-time high but sells at a massive discount to its peers.

Target and Walmart were hit hard by supply chain challenges, inflation, and a pullback in consumer spending on discretionary purchases. Walmart's product mix is more focused on staples than Target.

Target stock trades at a cheap valuation of just 10 times forward earnings estimates. The combination of a high dividend yield and low earnings multiple looks very attractive and could set up handsome ...