Covestor Ltd Lowers Stake in Kohl’s Co. (NYSE:KSS)

Covestor Ltd decreased its position in shares of Kohl’s Co. (NYSE:KSS) by 61.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,844 shares of the company’s stock after selling 4,621 shares during the quarter. Covestor Ltd’s holdings in Kohl’s were worth $61,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Hexagon Capital Partners LLC lifted its position in shares of Kohl’s by 49.9% in the second quarter. Hexagon Capital Partners LLC now owns 3,848 shares of the company’s stock valued at $88,000 after acquiring an additional 1,281 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Kohl’s by 22.8% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 265,310 shares of the company’s stock worth $7,787,000 after purchasing an additional 49,209 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc boosted its stake in Kohl’s by 100.0% in the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 80,000 shares of the company’s stock worth $1,839,000 after purchasing an additional 40,000 shares during the period. Dimensional Fund Advisors LP grew its holdings in Kohl’s by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company’s stock valued at $147,923,000 after buying an additional 52,126 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Kohl’s by 495.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,936 shares of the company’s stock valued at $144,000 after buying an additional 4,107 shares during the last quarter. Institutional investors own 98.04% of the company’s stock.

Insider Activity

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. TD Cowen cut shares of Kohl’s from a “buy” rating to a “hold” rating and cut their target price for the company from $25.00 to $21.00 in a research note on Friday, August 30th. Robert W. Baird decreased their target price on Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. JPMorgan Chase & Co. cut Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target for the company. in a report on Thursday, August 29th. Evercore ISI reduced their price objective on Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a research note on Thursday, August 29th. Finally, Morgan Stanley downgraded Kohl’s to an “underweight” rating and lowered their target price for the company from $18.00 to $17.00 in a research report on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Kohl’s presently has a consensus rating of “Hold” and an average price target of $21.29.

Kohl’s Price Performance

NYSE:KSS opened at $18.62 on Friday. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 7.30, a PEG ratio of 1.26 and a beta of 1.94. 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 business has a 50 day simple moving average of $19.30 and a 200-day simple moving average of $21.23. Kohl’s Co. has a 1 year low of $17.41 and a 1 year high of $29.60.

Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.46 by $0.13. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The company had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same period in the previous year, the firm earned $0.52 earnings per share. Kohl’s’s quarterly revenue was down 4.2% compared to the same quarter last year. Equities analysts forecast that Kohl’s Co. will post 1.81 EPS for the current year.

Kohl’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 10.74%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl’s’s payout ratio is currently 78.43%.

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.