Principal Financial Group Inc. Sells 43,369 Shares of Kohl’s Co. (NYSE:KSS)

Principal Financial Group Inc. lessened its holdings in Kohl’s Co. (NYSE:KSS – Get Rating) by 8.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 457,449 shares of the company’s stock after selling 43,369 shares during the quarter. Principal Financial Group Inc. owned 0.41% of Kohl’s worth $11,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. grew its stake in Kohl’s by 279.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 222,887 shares of the company’s stock valued at $5,604,000 after purchasing an additional 164,186 shares during the period. Dupont Capital Management Corp bought a new position in Kohl’s in the 4th quarter valued at $1,135,000. Whitebox Advisors LLC purchased a new position in shares of Kohl’s during the 3rd quarter valued at $1,227,000. Caxton Associates LP lifted its position in shares of Kohl’s by 100.6% during the 3rd quarter. Caxton Associates LP now owns 49,742 shares of the company’s stock valued at $1,251,000 after buying an additional 24,940 shares during the last quarter. Finally, Ironwood Investment Management LLC lifted its position in shares of Kohl’s by 3.6% during the 4th quarter. Ironwood Investment Management LLC now owns 75,750 shares of the company’s stock valued at $1,913,000 after buying an additional 2,600 shares during the last quarter. Institutional investors own 95.50% of the company’s stock.

Kohl’s Stock Performance

NYSE:KSS opened at $19.67 on Friday. The business’s 50-day moving average price is $21.77 and its two-hundred day moving average price is $26.52. Kohl’s Co. has a twelve month low of $18.61 and a twelve month high of $47.63. The stock has a market cap of $2.18 billion, a P/E ratio of -43.71, a PEG ratio of 1.02 and a beta of 1.66. The company has a quick ratio of 0.18, a current ratio of 1.20 and a debt-to-equity ratio of 1.18.

Kohl’s (NYSE:KSS – Get Rating) last released its quarterly earnings results on Wednesday, May 24th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.57. Kohl’s had a negative return on equity of 0.45% and a negative net margin of 0.10%. The firm had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter last year, the firm posted $0.11 EPS. The company’s revenue was down 4.8% compared to the same quarter last year. As a group, equities analysts predict that Kohl’s Co. will post 2.36 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Shareholders of record on Wednesday, June 7th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, June 6th. This represents a $2.00 annualized dividend and a dividend yield of 10.17%. Kohl’s’s payout ratio is currently -444.43%.

Analyst Upgrades and Downgrades

KSS has been the topic of a number of recent research reports. Citigroup upped their price target on Kohl’s from $19.00 to $20.00 in a research report on Thursday. Telsey Advisory Group reaffirmed a “market perform” rating and set a $35.00 price target on shares of Kohl’s in a research report on Wednesday, March 1st. Bank of America dropped their price target on Kohl’s from $25.00 to $22.00 in a research report on Thursday. Credit Suisse Group dropped their price target on Kohl’s to $27.00 in a research report on Wednesday, March 1st. Finally, StockNews.com started coverage on Kohl’s in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $27.88.

Insider Buying and Selling at Kohl’s

In other news, CEO Thomas Kingsbury acquired 92,500 shares of Kohl’s stock in a transaction dated Wednesday, March 29th. The shares were purchased at an average cost of $21.82 per share, for a total transaction of $2,018,350.00. Following the transaction, the chief executive officer now owns 228,993 shares of the company’s stock, valued at $4,996,627.26. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.60% of the company’s stock.

Kohl’s Company Profile

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Kohl’s Corp. engages in the operation of family-oriented department stores. Its business line includes apparel, footwear, and accessories for women, men, and children, home products, beauty products, and accessories. The stores generally carry a consistent merchandise assortment with some differences attributable to regional preferences.