We went hunting where Bill Miller said to look for bargains and found these stocks

Published Thu, Mar 24 20221:10 PM EDTUpdated Thu, Mar 24 20221:12 PM EDT

After Bill Miller told investors where to go searching for bargains on the market, CNBC Pro screened for stocks that could fit the bill. "Stock prices remain down year-to-date and I believe there are many good values in the market," Miller wrote Sunday in a letter to shareholders . "Looking at a basket of names down 50% or more from their 52-week highs will likely uncover some long-term bargains." Names that surfaced after screening for stocks down significantly from their recent highs (40%+) that could be bargains include PayPal and Bath & Body Works . These stocks are beloved by Wall Street. All stocks on the screen were issued buy ratings by a majority of analysts, and have at least 10% upside from where they're currently trading to Wall Street's consensus forecasts. And unlike many other beaten-up stocks, the fundamentals could support a rebound. All of the names on the list are expected to grow earnings per share this year, according to FactSet data. Here are the stocks on the bargain radar: Source: FactSet Align Technology 's stock price is roughly 41% off its 52-week high of about $738 per share. Still, analysts say that the orthodontics company can see 45% upside from where shares are currently trading. What's more, Wall Street expects that earnings per share will jump 12.4% for the Invisalign maker. Bath and Body Works ' stock price is 40.5% off highs. But Wall Street says the stock has 70% upside. The home and body fragrance maker has benefited during the pandemic, thanks to increased demand for sanitizers and scented candles. Earnings per share is also expected to grow 3.4%. Bath & Body Works' Chief Executive Officer Andrew Meslow is expected to step down in May, after less than a year at the post. EPAM Systems ' stock price has more than halved over the past 52 weeks. Still, the consensus price target calls for 37.5% upside. Earnings per share for the tech consulting firm are expected to grow 3.1%. Shares for PayPal Holdings are 63% off 52-week highs, but Wall Street's consensus price target represents nearly 59% upside. Earnings per share for the digital payments company is forecasted to grow 1%. All of the shares were S & P 500 members.

Bill Miller

Dan Mescon | CNBC

After Bill Miller told investors where to go searching for bargains on the market, CNBC Pro screened for stocks that could fit the bill.