Target's (NYSE: TGT) stock declined about 30% this year as investors fretted over the retailer's slowing growth, declining operating margins, and rising inventory levels. The broader market sell-off -- driven by inflation, rising rates, and other macro headwinds -- exacerbated that pain.

However, I believe the sell-off has created a good buying opportunity for investors who can tune out the near-term noise. Let's take a fresh look at Target's main business strategies, growth rates, dividends, and valuations to see why it's still a compelling buy in this bear market.

Image source: Target.

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Source Fool.com