Thrivent Financial for Lutherans Decreases Stake in Kohl’s Co. (NYSE:KSS)

Thrivent Financial for Lutherans decreased its holdings in Kohl’s Co. (NYSE:KSS) by 48.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 87,544 shares of the company’s stock after selling 81,319 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Kohl’s were worth $1,847,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KSS. Security National Bank acquired a new position in shares of Kohl’s during the 2nd quarter worth $34,000. Farther Finance Advisors LLC boosted its holdings in Kohl’s by 117.5% during the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock worth $40,000 after buying an additional 1,034 shares in the last quarter. CWM LLC grew its position in Kohl’s by 97.1% during the second quarter. CWM LLC now owns 1,924 shares of the company’s stock worth $44,000 after buying an additional 948 shares during the period. Abich Financial Wealth Management LLC purchased a new position in Kohl’s in the second quarter valued at about $49,000. Finally, Summit Securities Group LLC lifted its position in shares of Kohl’s by 50.0% during the 2nd quarter. Summit Securities Group LLC now owns 2,400 shares of the company’s stock valued at $55,000 after acquiring an additional 800 shares during the period. Institutional investors and hedge funds own 98.04% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on KSS. Guggenheim lowered their price target on Kohl’s from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday. Evercore ISI dropped their price target on Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research report on Thursday, August 29th. TD Cowen cut their price target on Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a research note on Wednesday. Citigroup lowered their price objective on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Telsey Advisory Group cut their target price on shares of Kohl’s from $23.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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 stock was sold at an average price of $19.27, for a total value of $315,392.09. Following the sale, the executive vice president now directly owns 136,799 shares of the company’s stock, valued at approximately $2,636,116.73. This trade represents a 10.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.86% of the company’s stock.

Kohl’s Price Performance

NYSE:KSS opened at $14.75 on Friday. Kohl’s Co. has a 12-month low of $14.22 and a 12-month high of $29.60. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 5.78, a price-to-earnings-growth ratio of 1.30 and a beta of 1.94. The company’s 50-day moving average is $18.70 and its two-hundred day moving average is $20.68. The company has a current ratio of 1.08, a quick ratio of 0.16 and a debt-to-equity ratio of 0.98.

Kohl’s (NYSE:KSS) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.08). The firm had revenue of $3.71 billion for 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%. The business’s quarterly revenue was down 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 EPS. Research analysts expect that Kohl’s Co. will post 1.77 EPS for the current year.

Kohl’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 13.56%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl’s’s dividend 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.