Hancock Whitney Corp Sells 50,534 Shares of Kohl’s Co. (NYSE:KSS)

Hancock Whitney Corp decreased its stake in Kohl’s Co. (NYSE:KSS) by 77.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,790 shares of the company’s stock after selling 50,534 shares during the quarter. Hancock Whitney Corp’s holdings in Kohl’s were worth $312,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of KSS. Tidal Investments LLC increased its stake in Kohl’s by 23.0% in the 1st quarter. Tidal Investments LLC now owns 15,942 shares of the company’s stock worth $465,000 after buying an additional 2,982 shares during the period. EMC Capital Management increased its holdings in Kohl’s by 231.8% during the first quarter. EMC Capital Management now owns 7,891 shares of the company’s stock valued at $230,000 after buying an additional 5,513 shares during the period. CWM LLC raised its stake in Kohl’s by 97.1% in the second quarter. CWM LLC now owns 1,924 shares of the company’s stock worth $44,000 after buying an additional 948 shares in the last quarter. Annex Advisory Services LLC raised its stake in Kohl’s by 19.5% in the second quarter. Annex Advisory Services LLC now owns 196,637 shares of the company’s stock worth $4,521,000 after buying an additional 32,034 shares in the last quarter. Finally, Gilman Hill Asset Management LLC lifted its holdings in Kohl’s by 2.4% during the second quarter. Gilman Hill Asset Management LLC now owns 320,070 shares of the company’s stock worth $7,358,000 after buying an additional 7,419 shares during the period. 98.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Morgan Stanley cut their price target on Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Monday. JPMorgan Chase & Co. lowered Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 target price on the stock. in a research note on Thursday, August 29th. Guggenheim decreased their price target on shares of Kohl’s from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday. Evercore ISI cut their price objective on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a research report on Thursday, August 29th. Finally, Citigroup decreased their target price on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Kohl’s presently has a consensus rating of “Hold” and an average price target of $17.22.

Kohl’s Stock Down 3.2 %

NYSE:KSS opened at $14.74 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.16 and a debt-to-equity ratio of 0.98. Kohl’s Co. has a twelve month low of $14.22 and a twelve month high of $29.60. The company has a market cap of $1.64 billion, a PE ratio of 5.78, a P/E/G ratio of 1.30 and a beta of 1.94. The company’s 50 day moving average is $18.78 and its two-hundred day moving average is $20.73.

Kohl’s (NYSE:KSS) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). The company had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. During the same period last year, the firm earned $0.53 earnings per share. Kohl’s’s quarterly revenue was down 8.5% compared to the same quarter last year. Analysts anticipate that Kohl’s Co. will post 1.77 EPS for the current year.

Kohl’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 13.57%. The ex-dividend date is Wednesday, December 11th. Kohl’s’s payout ratio is 78.43%.

Insider Buying and Selling

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total value of $315,392.09. Following the transaction, the executive vice president now owns 136,799 shares in the company, valued at approximately $2,636,116.73. This represents a 10.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.86% of the company’s stock.

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.