Target Corp. (TGT), the giant retailer, is selling 19% below its highs of last November, and 5% below its highs of late February. This is due to a strong fourth-quarter earnings report showing the company was not experiencing the same level of supply chain issues.

The company continues to experience slow and steady growth, and the stock is inexpensive at 14.9X and 13.8X EPS for this year and next year, respectively. I believe concerns over consumer demand are overdone, so TGT’s stock should do well the remainder of the year.

Buy TGT under $225. My target is $260. If you are an Inner Circle subscriber, start a 5% position in TGT in the Value Sector.