Blueshift Asset Management LLC Has $506,000 Stock Holdings in Kohl’s Co. (NYSE:KSS)

Blueshift Asset Management LLC cut its position in Kohl’s Co. (NYSE:KSS) by 61.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,010 shares of the company’s stock after selling 57,875 shares during the period. Blueshift Asset Management LLC’s holdings in Kohl’s were worth $506,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in shares of Kohl’s by 149.3% during the third quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock worth $349,671,000 after acquiring an additional 9,925,878 shares during the period. FMR LLC raised its holdings in shares of 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 period. Allianz Asset Management GmbH raised its holdings in shares of Kohl’s by 3.3% during the fourth quarter. Allianz Asset Management GmbH now owns 3,646,011 shares of the company’s stock worth $51,190,000 after acquiring an additional 117,819 shares during the period. Geode Capital Management LLC raised its holdings in shares of Kohl’s by 5.3% during the third quarter. Geode Capital Management LLC now owns 1,826,101 shares of the company’s stock worth $38,541,000 after acquiring an additional 91,608 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Kohl’s by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,771,546 shares of the company’s stock worth $24,873,000 after acquiring an additional 55,540 shares during the period. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Kohl’s Price Performance

KSS stock opened at $8.55 on Friday. The stock has a market cap of $951.21 million, a PE ratio of 3.85 and a beta of 1.92. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. Kohl’s Co. has a one year low of $7.96 and a one year high of $29.60. The firm has a 50 day simple moving average of $11.81 and a two-hundred day simple moving average of $15.50.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate 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 firm’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.67 EPS. On average, analysts predict that Kohl’s Co. will post 1.3 EPS 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. Investors of record on Friday, March 21st will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.50 annualized dividend and a dividend yield of 5.85%. Kohl’s’s payout ratio is 51.02%.

Wall Street Analysts Forecast Growth

KSS has been the topic of a number of research analyst reports. UBS Group dropped their price objective on shares of Kohl’s from $10.00 to $5.00 and set a “sell” rating on the stock in a report on Wednesday, March 12th. The Goldman Sachs Group reduced their target price on shares of Kohl’s from $13.00 to $11.25 and set a “sell” rating for the company in a report on Tuesday, March 4th. Guggenheim downgraded shares of Kohl’s from a “buy” rating to a “neutral” rating in a report on Monday, December 2nd. Morgan Stanley cut their price objective on shares of Kohl’s from $10.00 to $8.00 and set an “underweight” rating for the company in a report on Wednesday, March 12th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $13.00 target price on shares of Kohl’s in a research report on Tuesday, March 11th. Six research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $12.10.

Insider Buying and Selling

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of the firm’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 completion of the sale, the executive vice president now directly owns 133,091 shares in the company, valued at approximately $1,869,928.55. This trade represents a 2.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.86% of the stock is owned by company insiders.

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.