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

City Holding Co. cut its holdings in Target Co. (NYSE:TGT) by 37.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. 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 filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Ellsworth Advisors LLC bought a new stake in shares of Target in the fourth quarter valued at about $4,859,000. Grove Bank & Trust lifted its position in shares of Target by 23.1% in the 4th quarter. Grove Bank & Trust now owns 747 shares of the retailer’s stock worth $101,000 after acquiring an additional 140 shares during the period. Ballast Inc. grew its holdings in shares of Target by 10.5% during the 4th quarter. Ballast Inc. now owns 12,946 shares of the retailer’s stock worth $1,750,000 after purchasing an additional 1,225 shares in the last quarter. Polianta Ltd increased its position in shares of Target by 39.2% during the fourth quarter. Polianta Ltd now owns 10,300 shares of the retailer’s stock valued at $1,392,000 after purchasing an additional 2,900 shares during the period. Finally, Joule Financial LLC raised its stake in shares of Target by 7.2% in the fourth quarter. Joule Financial LLC now owns 1,672 shares of the retailer’s stock valued at $226,000 after purchasing an additional 113 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Stock Up 0.3 %

Shares of Target stock opened at $133.62 on Monday. The company has a market capitalization of $61.22 billion, a P/E ratio of 14.17, a price-to-earnings-growth ratio of 2.32 and a beta of 1.16. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The business has a 50-day moving average of $136.13 and a two-hundred day moving average of $145.14. Target Co. has a 1 year low of $120.21 and a 1 year high of $181.86.

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

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is presently 47.51%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Hsbc Global Res lowered shares of Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. lowered their target price on shares of Target from $167.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. Citigroup raised their price target on shares of Target from $130.00 to $133.00 and gave the stock a “neutral” rating in a research note on Friday. TD Cowen dropped their target price on Target from $165.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, November 21st. Finally, Guggenheim cut their target price on Target from $180.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price 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.