Jump Financial LLC Sells 407,513 Shares of Kohl’s Co. (NYSE:KSS)

Jump Financial LLC decreased its stake in shares of Kohl’s Co. (NYSE:KSS) by 74.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 139,743 shares of the company’s stock after selling 407,513 shares during the quarter. Jump Financial LLC’s holdings in Kohl’s were worth $1,962,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new stake in shares of Kohl’s during the fourth quarter worth approximately $26,000. Bogart Wealth LLC bought a new stake in Kohl’s in the 4th quarter valued at $35,000. KBC Group NV grew its holdings in Kohl’s by 58.5% in the 4th quarter. KBC Group NV now owns 5,347 shares of the company’s stock valued at $75,000 after buying an additional 1,974 shares in the last quarter. Platinum Investment Management Ltd. increased its position in Kohl’s by 30.7% during the 4th quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company’s stock worth $86,000 after buying an additional 1,436 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Kohl’s during the fourth quarter worth $100,000. Institutional investors and hedge funds own 98.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on KSS shares. Bank of America lowered their price target on shares of Kohl’s from $15.00 to $8.00 and set an “underperform” rating on the stock in a research report on Wednesday, March 12th. Telsey Advisory Group reiterated a “market perform” rating and issued a $10.00 price target on shares of Kohl’s in a research report on Tuesday, April 1st. Morgan Stanley reduced their price target on Kohl’s from $10.00 to $8.00 and set an “underweight” rating on the stock in a research report on Wednesday, March 12th. Robert W. Baird dropped their price objective on Kohl’s from $18.00 to $11.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. reduced their target price on Kohl’s from $9.00 to $7.00 and set an “underweight” rating on the stock in a report on Monday, April 14th. Six investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $11.71.

Kohl’s Price Performance

KSS stock opened at $6.47 on Friday. The stock has a market cap of $720.27 million, a price-to-earnings ratio of 2.91 and a beta of 1.65. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. The company has a 50 day simple moving average of $9.26 and a 200 day simple moving average of $13.59. Kohl’s Co. has a 1 year low of $6.04 and a 1 year high of $28.25.

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

Kohl’s Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 7.73%. The ex-dividend date of this dividend was Friday, March 21st. Kohl’s’s dividend payout ratio (DPR) is currently 51.02%.

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.