Greatmark Investment Partners Inc. Sells 61,719 Shares of Kohl’s Co. (NYSE:KSS)

Greatmark Investment Partners Inc. lowered its position in Kohl’s Co. (NYSE:KSS) by 69.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 27,570 shares of the company’s stock after selling 61,719 shares during the period. Greatmark Investment Partners Inc.’s holdings in Kohl’s were worth $387,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of KSS. Pacer Advisors Inc. boosted its holdings in Kohl’s by 149.3% in the 3rd quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock worth $349,671,000 after buying an additional 9,925,878 shares during the period. FMR LLC boosted its holdings in Kohl’s by 10.8% in the 3rd quarter. FMR LLC now owns 7,576,274 shares of the company’s stock worth $159,859,000 after buying an additional 740,398 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Kohl’s by 155.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 943,415 shares of the company’s stock worth $13,246,000 after buying an additional 573,579 shares during the period. Empowered Funds LLC boosted its holdings in shares of Kohl’s by 3,751.8% during the 3rd quarter. Empowered Funds LLC now owns 391,531 shares of the company’s stock valued at $8,261,000 after purchasing an additional 381,366 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Kohl’s by 117.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 467,030 shares of the company’s stock valued at $6,557,000 after purchasing an additional 252,006 shares during the last quarter. Institutional investors own 98.04% of the company’s stock.

Kohl’s Stock Performance

Kohl’s stock opened at $8.02 on Friday. 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 1-year low of $7.96 and a 1-year high of $29.60. The firm has a market capitalization of $892.33 million, a P/E ratio of 3.61 and a beta of 1.92. The company’s 50-day moving average is $12.23 and its 200 day moving average is $15.81.

Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.23. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The company had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.25 billion. During the same period in the prior year, the company posted $1.67 EPS. The firm’s revenue for the quarter was down 9.4% on a year-over-year basis. Research analysts forecast that Kohl’s Co. will post 1.3 EPS for the current year.

Kohl’s Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 21st will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 6.24%. The ex-dividend date is Friday, March 21st. Kohl’s’s dividend payout ratio (DPR) is currently 90.09%.

Analyst Ratings Changes

Several research firms have commented on KSS. Telsey Advisory Group reissued a “market perform” rating and set a $13.00 price objective on shares of Kohl’s in a report on Tuesday. Gordon Haskett downgraded shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price objective for the company. in a report on Tuesday, November 26th. Robert W. Baird dropped their price objective on shares of Kohl’s from $18.00 to $11.00 and set a “neutral” rating for the company in a report on Wednesday. Bank of America dropped their price objective on shares of Kohl’s from $15.00 to $8.00 and set an “underperform” rating for the company in a report on Wednesday. Finally, Citigroup dropped their price objective on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Six investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $12.56.

Insiders Place Their Bets

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $14.05, for a total value of $53,769.35. Following the transaction, the executive vice president now directly owns 133,091 shares in the company, valued at $1,869,928.55. This represents a 2.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.86% of the company’s stock.

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.