Cape Cod Five Cents Savings Bank Sells 9,210 Shares of Target Co. (NYSE:TGT)

Cape Cod Five Cents Savings Bank lessened its position in Target Co. (NYSE:TGT - Free Report) by 50.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,210 shares of the retailer's stock after selling 9,210 shares during the period. Cape Cod Five Cents Savings Bank's holdings in Target were worth $1,435,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. MCF Advisors LLC raised its holdings in Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock worth $35,000 after purchasing an additional 163 shares during the last quarter. Sheets Smith Wealth Management grew its position in shares of Target by 15.7% in the 4th quarter. Sheets Smith Wealth Management now owns 1,838 shares of the retailer's stock valued at $248,000 after purchasing an additional 250 shares during the period. XML Financial LLC grew its position in shares of Target by 20.9% in the 4th quarter. XML Financial LLC now owns 3,026 shares of the retailer's stock valued at $409,000 after purchasing an additional 523 shares during the period. Advisory Alpha LLC acquired a new position in shares of Target in the 4th quarter valued at approximately $277,000. Finally, True North Advisors LLC grew its position in shares of Target by 5.0% in the 4th quarter. True North Advisors LLC now owns 3,112 shares of the retailer's stock valued at $421,000 after purchasing an additional 149 shares during the period. Institutional investors and hedge funds own 79.73% of the company's stock.

Target Price Performance

NYSE:TGT traded up $2.58 during trading hours on Tuesday, hitting $96.87. The company's stock had a trading volume of 6,490,447 shares, compared to its average volume of 6,008,953. The stock has a fifty day simple moving average of $97.07 and a 200-day simple moving average of $119.37. The company has a market capitalization of $44.01 billion, a P/E ratio of 10.27, a PEG ratio of 1.94 and a beta of 1.27. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target Co. has a twelve month low of $87.35 and a twelve month high of $167.40.

Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The retailer reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $1.65 by ($0.35). Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $24.20 billion for the quarter, compared to analyst estimates of $24.54 billion. During the same period in the previous year, the business posted $2.03 earnings per share. The business's revenue for the quarter was down 2.8% compared to the same quarter last year. On average, analysts anticipate that Target Co. will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Wednesday, May 14th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.62%. Target's dividend payout ratio (DPR) is 49.23%.

Analyst Ratings Changes

Several equities analysts recently issued reports on TGT shares. Morgan Stanley decreased their price objective on Target from $160.00 to $112.00 and set an "overweight" rating for the company in a research report on Thursday, May 22nd. Oppenheimer decreased their price objective on Target from $165.00 to $150.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Citigroup reduced their price target on Target from $97.00 to $94.00 and set a "neutral" rating for the company in a research report on Thursday, May 22nd. Jefferies Financial Group reduced their price target on Target from $165.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Finally, Mizuho reduced their price target on Target from $92.00 to $88.00 and set a "neutral" rating for the company in a research report on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $116.68.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.