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

Covestor Ltd reduced its position in shares of Kohl’s Co. (NYSE:KSS) by 61.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,844 shares of the company’s stock after selling 4,621 shares during the period. Covestor Ltd’s holdings in Kohl’s were worth $61,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of KSS. Security National Bank purchased a new position in shares of Kohl’s during the second quarter valued at $34,000. Farther Finance Advisors LLC increased its position in Kohl’s by 117.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after purchasing an additional 1,034 shares during the period. CWM LLC raised its holdings in shares of Kohl’s by 97.1% in the 2nd quarter. CWM LLC now owns 1,924 shares of the company’s stock valued at $44,000 after purchasing an additional 948 shares in the last quarter. Abich Financial Wealth Management LLC bought a new stake in shares of Kohl’s in the 2nd quarter valued at about $49,000. Finally, Summit Securities Group LLC lifted its position in shares of Kohl’s by 50.0% in the 2nd quarter. Summit Securities Group LLC now owns 2,400 shares of the company’s stock worth $55,000 after purchasing an additional 800 shares during the period. 98.04% of the stock is owned by institutional investors.

Kohl’s Trading Up 2.9 %

Kohl’s stock opened at $18.62 on Friday. Kohl’s Co. has a one year low of $17.41 and a one year high of $29.60. The stock has a market cap of $2.07 billion, a PE ratio of 7.30, a price-to-earnings-growth ratio of 1.26 and a beta of 1.94. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.16 and a current ratio of 1.08. The stock has a 50-day moving average of $19.30 and a two-hundred day moving average of $21.23.

Kohl’s (NYSE:KSS) last released its earnings results on Wednesday, August 28th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.13. The company had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. Kohl’s’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period last year, the business earned $0.52 EPS. On average, research analysts anticipate that Kohl’s Co. will post 1.81 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.74%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl’s’s dividend payout ratio (DPR) is presently 78.43%.

Insider Activity at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’s stock in a transaction that occurred on 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 owns 136,799 shares in the company, valued at $2,636,116.73. This represents a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.86% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

About Kohl’s

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.