Kohl’s Co. (NYSE:KSS) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its stake in Kohl’s Co. (NYSE:KSS) by 8.3% during the third quarter, HoldingsChannel reports. The firm owned 16,726 shares of the company’s stock after selling 1,504 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Kohl’s were worth $353,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Signaturefd LLC increased its stake in Kohl’s by 14.1% in the 3rd quarter. Signaturefd LLC now owns 3,965 shares of the company’s stock valued at $84,000 after buying an additional 491 shares during the period. Arizona State Retirement System increased its stake in shares of Kohl’s by 2.0% during the second quarter. Arizona State Retirement System now owns 31,049 shares of the company’s stock worth $714,000 after acquiring an additional 623 shares during the period. Insight Folios Inc raised its holdings in Kohl’s by 3.4% during the third quarter. Insight Folios Inc now owns 21,444 shares of the company’s stock worth $452,000 after purchasing an additional 701 shares in the last quarter. Summit Securities Group LLC raised its holdings in Kohl’s by 50.0% during the second quarter. Summit Securities Group LLC now owns 2,400 shares of the company’s stock worth $55,000 after purchasing an additional 800 shares in the last quarter. Finally, CWM LLC lifted its position in Kohl’s by 97.1% in the second quarter. CWM LLC now owns 1,924 shares of the company’s stock valued at $44,000 after purchasing an additional 948 shares during the period. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Kohl’s Stock Down 3.2 %

Shares of NYSE KSS opened at $14.74 on Thursday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.16. The firm’s 50-day moving average is $18.78 and its two-hundred day moving average is $20.73. Kohl’s Co. has a 12-month low of $14.22 and a 12-month high of $29.60. The company has a market capitalization of $1.64 billion, a PE ratio of 5.78, a price-to-earnings-growth ratio of 1.30 and a beta of 1.94.

Kohl’s (NYSE:KSS) last posted its earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). The company had revenue of $3.71 billion during 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%. Kohl’s’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 EPS. Equities analysts anticipate that Kohl’s Co. will post 1.77 EPS for the current fiscal year.

Kohl’s Announces Dividend

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

Analyst Ratings Changes

Several research firms have recently commented on KSS. Evercore ISI reduced their price target on Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a report on Thursday, August 29th. Robert W. Baird cut shares of Kohl’s from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $25.00 to $18.00 in a research note on Wednesday. TD Cowen reduced their price objective on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a research note on Wednesday. Morgan Stanley dropped their target price on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Monday. Finally, Telsey Advisory Group decreased their price target on Kohl’s from $23.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Kohl’s presently has an average rating of “Hold” and an average price target of $17.22.

Insider Activity at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total transaction of $315,392.09. Following the sale, the executive vice president now directly owns 136,799 shares of the company’s stock, valued at $2,636,116.73. This trade represents a 10.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.86% of the stock is currently owned by corporate insiders.

Kohl’s Company 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.