City Holding Co. Sells 7,048 Shares of Target Co. (NYSE:TGT)

City Holding Co. decreased its stake in shares of Target Co. (NYSE:TGT) by 37.6% during the 4th quarter, Holdings Channel reports. The firm owned 11,701 shares of the retailer’s stock after selling 7,048 shares during the period. City Holding Co.’s holdings in Target were worth $1,582,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Cynosure Group LLC raised its stake in Target by 4.3% during the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after buying an additional 65 shares during the last quarter. Financial Advocates Investment Management increased its holdings in shares of Target by 1.2% during the third quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock valued at $894,000 after acquiring an additional 67 shares in the last quarter. Hancock Whitney Corp raised its position in shares of Target by 3.3% in the 3rd quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after purchasing an additional 68 shares during the last quarter. Trust Co. of Vermont boosted its stake in Target by 0.4% in the 3rd quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock worth $2,444,000 after purchasing an additional 69 shares in the last quarter. Finally, Eagle Bluffs Wealth Management LLC grew its position in Target by 1.1% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock valued at $1,063,000 after purchasing an additional 73 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Target Price Performance

Target stock opened at $133.62 on Monday. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86. The company has a market cap of $61.22 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 2.32 and a beta of 1.16. The firm’s fifty day moving average is $136.13 and its 200 day moving average is $145.14. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $25.23 billion during the quarter, compared to the consensus estimate of $25.87 billion. During the same period in the previous year, the business posted $2.10 EPS. The firm’s revenue was up .9% on a year-over-year basis. Sell-side analysts forecast that Target Co. will post 8.6 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.35%. Target’s payout ratio is presently 47.51%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. BMO Capital Markets dropped their target price on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research note on Thursday, November 21st. JPMorgan Chase & Co. lowered their price objective on Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. StockNews.com raised Target from a “hold” rating to a “buy” rating in a report on Friday. Evercore ISI lowered their price target on Target from $165.00 to $130.00 and set an “in-line” rating on the stock in a report on Thursday, November 21st. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $150.00 price objective on shares of Target in a report on Friday. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Target currently has an average rating of “Hold” and a consensus price target of $158.23.

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.