Kohl’s Co. (NYSE:KSS) Stake Increased by Advisors Asset Management Inc.

Advisors Asset Management Inc. grew its stake in Kohl’s Co. (NYSE:KSS) by 12.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 567,194 shares of the company’s stock after purchasing an additional 62,247 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.51% of Kohl’s worth $7,963,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its holdings in Kohl’s by 226.4% in the third quarter. Victory Capital Management Inc. now owns 137,531 shares of the company’s stock worth $2,902,000 after purchasing an additional 95,398 shares during the period. Quest Partners LLC acquired a new position in shares of Kohl’s in the 3rd quarter valued at about $60,000. Pacer Advisors Inc. grew its position in shares of Kohl’s by 149.3% during the 3rd quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock valued at $349,671,000 after buying an additional 9,925,878 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Kohl’s by 6.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,716,006 shares of the company’s stock worth $36,208,000 after acquiring an additional 101,480 shares during the period. Finally, Cerity Partners LLC lifted its holdings in Kohl’s by 73.9% in the third quarter. Cerity Partners LLC now owns 27,613 shares of the company’s stock worth $583,000 after acquiring an additional 11,734 shares during the last quarter. Institutional investors own 98.04% of the company’s stock.

Kohl’s Stock Down 2.6 %

KSS opened at $8.33 on Wednesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. The stock’s fifty day moving average is $12.01 and its 200-day moving average is $15.60. Kohl’s Co. has a one year low of $7.96 and a one year high of $29.60. The company has a market capitalization of $926.72 million, a PE ratio of 3.75 and a beta of 1.92.

Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.23. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The company had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.25 billion. During the same quarter in the prior year, the company earned $1.67 earnings per share. The firm’s revenue was down 9.4% on a year-over-year basis. On average, equities analysts predict that Kohl’s Co. will post 1.3 EPS for the current fiscal year.

Kohl’s Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 21st will be given a dividend of $0.125 per share. The ex-dividend date is Friday, March 21st. This represents a $0.50 dividend on an annualized basis and a yield of 6.01%. Kohl’s’s payout ratio is 51.02%.

Analyst Ratings Changes

KSS has been the topic of a number of research reports. Gordon Haskett cut Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price target on the stock. in a research report on Tuesday, November 26th. UBS Group dropped their target price on Kohl’s from $10.00 to $5.00 and set a “sell” rating on the stock in a research report on Wednesday, March 12th. Morgan Stanley cut their target price on Kohl’s from $10.00 to $8.00 and set an “underweight” rating on the stock in a research note on Wednesday, March 12th. TD Cowen lowered their price target on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Kohl’s from $11.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 11th. Six analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $12.10.

Insider Buying and Selling at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $14.05, for a total transaction of $53,769.35. Following the transaction, the executive vice president now directly owns 133,091 shares of the company’s stock, valued at $1,869,928.55. This represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.86% of the company’s stock.

About Kohl’s

Kohl’s Corporation operates as an omnichannel retailer in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.