PSA: The Target skirt is back.

You know,that$49 navy pleated midi skirt you saw all over you Instagram feed in May.

If you’re not acquainted, the Target Preview Pleated Midi Skirt (which is still available in limited sizes) features an A-line cinched waist and baby pink and white geometric blocking along the hemline that looked way more expensive than its bargain price tag. Aussie fashion influencers shared the skirt all overthe internetswhen it first dropped three months ago.

Now, Target have released another version of the much-loved skirt in a new (and in our opinion, better) colour. Black.

As spotted by Trash To Treasured ‘s Tina Abeysekara, the Preview Pleated Midi Skirt in Black/Pink has all the great design features of the original, but with the added versatility of black clothing items.

Tina toldMamamia, “The black and pink combo makes it easy to take this skirt from desk to dinner and though to the weekend, and the soft fabric means the pleats drape flatteringly (no added bulk!). The elastic waistband allows you to wear this high waisted (great to create the illusion of height!), or to accommodate a growing bump.”

Are we the only ones who kind of prefer the black over the navy? Image: Supplied/Trash To Treasured.

It's perfect for anyone needing new work clothes coming into spring. Image: Supplied/Trash To Treasured.

Oh, and it can do weekend chic too. Image: Supplied/Trash To Treasured.

There are many, many things to love about this skirt, like:

You can also dress this skirt up or down by:

Want some corporate fashion inspiration? Check out our Style Street video below. Post continues after video.

For more context on Target's Preview range: it's the retailer's new 'desk to dinner' offering, and it'sclassy.

The idea is to stock your wardrobe with elegant, classic pieces that walk the tightrope between professional and fashionable, and can take you from work to anywhere but work.

Over the last few months, Target have impressed us with their Target Preview Trench Coat (read our review here), the Target Preview Asymmetrical Midi Dress, $59 (read more here), and the $25 pale blue V-Neck Knitted Sweater Mamamia'sHolly Wainwright's been in all winter.

Back to the skirt. It's $49 and will 100 per cent be yanked off shelves just as quickly as the navy

You can find the Target Preview Pleated Midi Skirt and the full Target Preview range here on their website.

Have you found any great budget fashion buys lately? Tel us in the comments!

This article was updated on August 28, 2019.