Rachel Warren

The board's authorized an additional $1.8 billion in share repurchases as well.

I think that's a real sign of confidence that their long-term outlook, as well as their intended value to shareholders, holds.

This is still a profitable business.

Yes, they're seeing decreases in comparable restaurant sales.

I think a lot of that is a function of these factors I've mentioned.

But this is really very much a strong business that's dealing with cyclical headwinds, not so much structural issues.

So I think that maybe its current valuation could pose a really interesting value proposition to long-term investors.

I think there is.

You make a good point.

Target's performance as a business financially the last few years has certainly been nothing to write home about.

That's been true for the stock as well.

As it's now trading at this very low forward PE ratio of around 11, I want to stress, I don't think that this is a value trap.

This is still a company that maintains very robust fundamentals.

They have an A credit rating.

They have just a little under $5 billion in cash.

Importantly, they have a very well-funded and growing dividend with 53 years accounting of consecutive increases.

I think that does underscore its financial stability despite current struggles.

Now, I think very differently from the other business we've talked about today, Chipotle, and obviously, this is a different industry.

Target's struggles, some of them have been related to the macro environment, but a lot of them have been very, very specific to the company.

There's been a lot of consumer backlash over various policies.