Kohl’s Co. (NYSE:KSS) Shares Sold by AXQ Capital LP

AXQ Capital LP reduced its stake in shares of Kohl’s Co. (NYSE:KSS) by 48.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,699 shares of the company’s stock after selling 49,293 shares during the period. AXQ Capital LP’s holdings in Kohl’s were worth $740,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brown Brothers Harriman & Co. lifted its stake in shares of Kohl’s by 183.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock worth $30,000 after buying an additional 917 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Kohl’s during the fourth quarter worth $26,000. Bogart Wealth LLC acquired a new position in Kohl’s during the fourth quarter valued at $35,000. Quest Partners LLC acquired a new position in Kohl’s during the third quarter valued at $60,000. Finally, Quarry LP lifted its position in Kohl’s by 687.4% during the third quarter. Quarry LP now owns 4,858 shares of the company’s stock valued at $103,000 after purchasing an additional 4,241 shares during the period. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KSS has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their target price on shares of Kohl’s from $11.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, March 11th. The Goldman Sachs Group decreased their target price on shares of Kohl’s from $13.00 to $11.25 and set a “sell” rating for the company in a research report on Tuesday, March 4th. Baird R W downgraded shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Morgan Stanley decreased their target price on shares of Kohl’s from $10.00 to $8.00 and set an “underweight” rating for the company in a research report on Wednesday, March 12th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $13.00 target price on shares of Kohl’s in a research report on Tuesday, March 11th. Six equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $12.10.

Insider Buying and Selling

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $1,869,928.55. The trade was a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.86% of the stock is currently owned by company insiders.

Kohl’s Stock Down 2.8 %

KSS stock opened at $8.31 on Friday. The stock has a market capitalization of $924.50 million, a P/E ratio of 3.74 and a beta of 1.92. The firm has a 50-day simple moving average of $11.71 and a 200-day simple moving average of $15.39. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. Kohl’s Co. has a 52 week low of $7.96 and a 52 week high of $29.60.

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

Kohl’s Cuts Dividend

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

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.