Stocks Declining to Their 3-Year Lows

GuruFocus.com
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- By Shuda Xia

Target Corp. (TGT), FireEye Inc. (FEYE), Cedar Realty Trust Inc. (CDR) and Cato Corp. (CATO) have reached their three-year lows.

Target Corp. (TGT) declined to $57.35

The price of Target Corp. shares have declined to $57.35, which is only 3.7% above the three-year low of $55.25.

Target Corp. is an American international discount store retailer and a component of the S&P 500 Index. It is the second largest discount store retailer in the U.S. behind Walmart. The company retails beauty, health, clothing, electronics and other products. As of 2016, the company operates 1,803 stores in the U.S. and has 341,000 employees.


Target Corp. has a market cap of $32.35 billion; its shares were traded around $57.35 with a P/E ratio of 12.15 and P/S ratio of 0.48. The trailing 12-month dividend yield of Target Corp. stock is 4.12%. The forward dividend yield of Target Corp. stock is 4.15%. Target Corp. had an annual average earnings growth of 4.7% over the past 10 years.

On Feb. 28, Target Corp. released its fourth-quarter and full-year 2016 earnings. Fourth-quarter comparable sales decreased 1.5% compared to the guidance range of 1.5% to 1.0% and fourth quarter comparable digital channel sales increased 34%. Overall, the company's full-year adjusted EPS increased 6.7% to a total of $5.01.

FireEye Inc. (FEYE) declined to $11.06

The price of FireEye Inc. (FEYE) shares have declined to $11.06, which is only 4.2% above the three-year low of $10.60.

FireEye Inc. is an American enterprise cybersecurity company that provides products and services that seek to protect against cyber threats such as spear phishing. The company's threat prevention platforms include Network, Email, Mobile, Analytics and Forensics. The company has more than 4,400 customers across 67 countries.

FireEye Inc. has a market cap of $1.96 billion; its shares were traded around $11.06 with and P/S ratio of 2.52. FireEye Inc. had an annual average earnings growth of 2.2% over the past five years.

On Feb. 15, FireEye Inc. announced that it has developed several improvements to its endpoint security solution designed to offer unparalleled protection from threats missed by legacy and next-generation solutions. The company's Endpoint Security software now adds the prevention capabilities needed to quickly detect and respond appropriately to threats against the operating system Microsoft Windows.

Cedar Realty Trust Inc. (CDR) Reached $5.47

The price of Cedar Realty Trust Inc. (CDR) shares have declined to $5.47, which is only 1.6% above the three-year low of $5.38.

Cedar Realty Trust Inc. is an American real estate investment trust which specializes in owning and managing supermarket anchored shopping centers. Its main assets are 65 operating properties with 899 tenants amounting to around 9.4 million square feet in the Washington D.C. to Boston metropolitan corridor. The company's other properties can be found in Connecticut, Maryland, Massachusetts, New Jersey, New York and Virginia.

Cedar Realty Trust Inc. has a market cap of $467.25 million; its shares were traded around $5.47 with and P/S ratio of 2.92. The trailing 12-month dividend yield of Cedar Realty Trust Inc. stock is 3.64%. The forward dividend yield of Cedar Realty Trust Inc. stock is 3.41%.

On Feb. 23, Cedar Realty Trust Inc. reported results for the fourth-quarter and full-year 2016. Net loss attributable to common shareholders was 1 cent per diluted share for the fourth quarter. The net loss per diluted share for the full year 2016 was 8 cents. The company signed 42 new and renewal leases for 271,400 square feet in the quarter and 178 new and renewal leases for the full year.

Cato Corp. (CATO) declined to $23.65

The price of Cato Corp. (CATO) shares have declined to $23.65, which is only 0.2% above the three-year low of $23.60.

Cato Corp. is an American retailer of women's fashion and accessory items. As of 2016, the company operates 1,372 stores under the names Cato, Cato Plus, It's Fashion, It's Fashion Metro,and Versona with a combined 10,500 number of employees.

Cato Corp. has a market cap of $634.870 million; its shares were traded around $23.65 with a P/E ratio of 9.17 and P/S ratio of 0.65. The trailing 12-month dividend yield of Cato Corp. stocks is 5.46%. The forward dividend yield of Cato Corp. stock is 5.37%. Cato Corp. had an annual average earnings growth of 5.6% over the past 10 years.

On Feb. 24, Cato Corp declared a regular quarterly dividend of 33 cents per diluted share, which will be payable on March 22 to shareholders of record at the close of business on March 6. The 33 cent dividend represents an annualized yield of 5.1% at the closing market price on Feb. 23.

Disclosure: I do not own stock in any of the companies mentioned in the article.

This article first appeared on GuruFocus.


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