Commonwealth Equity Services LLC Increases Holdings in Kohl’s Co. (NYSE:KSS)

Commonwealth Equity Services LLC increased its stake in shares of Kohl’s Co. (NYSE:KSS) by 117.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 467,030 shares of the company’s stock after buying an additional 252,006 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Kohl’s were worth $6,557,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC increased its stake in Kohl’s by 10.8% during the third quarter. FMR LLC now owns 7,576,274 shares of the company’s stock worth $159,859,000 after acquiring an additional 740,398 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Kohl’s by 155.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 943,415 shares of the company’s stock worth $13,246,000 after acquiring an additional 573,579 shares during the last quarter. Quantbot Technologies LP increased its stake in Kohl’s by 180.3% during the third quarter. Quantbot Technologies LP now owns 334,150 shares of the company’s stock worth $7,051,000 after acquiring an additional 214,956 shares during the last quarter. Cinctive Capital Management LP acquired a new stake in Kohl’s during the third quarter worth $4,290,000. Finally, Hestia Capital Management LLC acquired a new stake in Kohl’s during the fourth quarter worth $2,790,000. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. cut their target price on Kohl’s from $11.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, March 11th. Robert W. Baird cut their target price on Kohl’s from $18.00 to $11.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Jefferies Financial Group dropped their price objective on Kohl’s from $15.00 to $12.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $13.00 price objective on shares of Kohl’s in a research note on Tuesday, March 11th. Finally, The Goldman Sachs Group dropped their price objective on Kohl’s from $13.00 to $11.25 and set a “sell” rating for the company in a research note on Tuesday, March 4th. Six analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to MarketBeat, Kohl’s has a consensus rating of “Hold” and a consensus target price of $12.10.

Kohl’s Trading Down 2.8 %

NYSE:KSS opened at $8.31 on Friday. The firm has a market cap of $924.50 million, a PE ratio of 3.74 and a beta of 1.92. The stock has a fifty day moving average price of $11.71 and a 200 day moving average price of $15.43. Kohl’s Co. has a 12-month low of $7.96 and a 12-month high of $29.60. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97.

Kohl’s (NYSE:KSS) last released its earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.23. The firm had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.25 billion. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. Kohl’s’s revenue was down 9.4% compared to the same quarter last year. During the same period last year, the business posted $1.67 earnings per share. Sell-side analysts anticipate that Kohl’s Co. will post 1.3 earnings per share for the current fiscal year.

Kohl’s Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date of this dividend is Friday, March 21st. Kohl’s’s dividend payout ratio (DPR) is 51.02%.

Insiders Place Their Bets

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of Kohl’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $14.05, for a total transaction of $53,769.35. Following the completion of the sale, the executive vice president now directly owns 133,091 shares of the company’s stock, valued at $1,869,928.55. The trade was a 2.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is owned by company insiders.

Kohl’s Profile

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.