Cape Cod Five Cents Savings Bank Decreases Stake in Target Co. (NYSE:TGT)

Cape Cod Five Cents Savings Bank decreased its position in Target Co. (NYSE:TGT - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TGT. Sunbelt Securities Inc. increased its stake in shares of Target by 4.4% in the fourth quarter. Sunbelt Securities Inc. now owns 3,266 shares of the retailer's stock worth $441,000 after purchasing an additional 138 shares in the last quarter. GTS Securities LLC boosted its holdings in Target by 114.8% in the 4th quarter. GTS Securities LLC now owns 7,371 shares of the retailer's stock worth $996,000 after buying an additional 57,085 shares during the period. Vise Technologies Inc. grew its stake in Target by 35.0% in the 4th quarter. Vise Technologies Inc. now owns 6,406 shares of the retailer's stock valued at $866,000 after buying an additional 1,662 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new stake in Target during the 4th quarter valued at $135,000. Finally, Highview Capital Management LLC DE bought a new stake in Target during the 4th quarter valued at $231,000. Institutional investors own 79.73% of the company's stock.

Wall Street Analysts Forecast Growth

TGT has been the subject of several analyst reports. Telsey Advisory Group set a $110.00 target price on Target and gave the stock a "market perform" rating in a research note on Thursday, May 22nd. Roth Capital set a $122.00 price target on shares of Target in a report on Wednesday, March 5th. Citigroup reduced their price objective on shares of Target from $97.00 to $94.00 and set a "neutral" rating for the company in a research note on Thursday, May 22nd. Sanford C. Bernstein lowered shares of Target from a "market perform" rating to an "underperform" rating and decreased their target price for the stock from $97.00 to $82.00 in a report on Monday, May 12th. Finally, Baird R W downgraded shares of Target from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Two analysts have rated the stock with a sell rating, twenty-five have given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $116.68.

Target Stock Performance

TGT traded down $0.46 during midday trading on Wednesday, hitting $96.53. 1,519,335 shares of the company traded hands, compared to its average volume of 5,991,346. The company's 50-day moving average is $96.92 and its 200 day moving average is $119.21. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $43.86 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27. Target Co. has a 52 week low of $87.35 and a 52 week high of $167.40.

Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The retailer reported $1.30 earnings per share 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 company had revenue of $24.20 billion for the quarter, compared to the consensus estimate of $24.54 billion. During the same quarter last year, the company earned $2.03 EPS. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. On average, research analysts expect that Target Co. will post 8.69 EPS for the current year.

Target Announces Dividend

The firm 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. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date of this dividend is Wednesday, May 14th. Target's payout ratio is 49.23%.

Target 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.