SG Americas Securities LLC Reduces Stock Position in Kohl’s Co. (NYSE:KSS)

SG Americas Securities LLC cut its stake in Kohl’s Co. (NYSE:KSS) by 33.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 566,019 shares of the company’s stock after selling 289,070 shares during the period. SG Americas Securities LLC owned approximately 0.51% of Kohl’s worth $11,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Treasurer of the State of North Carolina grew its position in shares of Kohl’s by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 49,007 shares of the company’s stock valued at $1,406,000 after purchasing an additional 470 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Kohl’s by 32.5% in the first quarter. GAMMA Investing LLC now owns 2,130 shares of the company’s stock valued at $62,000 after purchasing an additional 523 shares in the last quarter. Arizona State Retirement System lifted its holdings in Kohl’s by 2.0% in the second quarter. Arizona State Retirement System now owns 31,049 shares of the company’s stock valued at $714,000 after acquiring an additional 623 shares during the last quarter. Summit Securities Group LLC lifted its holdings in Kohl’s by 50.0% in the second 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 last quarter. Finally, CWM LLC lifted its holdings in Kohl’s by 97.1% in the second quarter. CWM LLC now owns 1,924 shares of the company’s stock valued at $44,000 after acquiring an additional 948 shares during the last quarter. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of Kohl’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 transaction, the executive vice president now directly owns 136,799 shares in the company, valued at approximately $2,636,116.73. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

KSS has been the topic of a number of recent analyst reports. Robert W. Baird decreased their price objective on Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Evercore ISI decreased their price target on Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a research note on Thursday, August 29th. TD Cowen cut Kohl’s from a “buy” rating to a “hold” rating and decreased their price target for the stock from $25.00 to $21.00 in a research note on Friday, August 30th. Telsey Advisory Group restated a “market perform” rating and set a $23.00 price target on shares of Kohl’s in a research note on Wednesday, August 28th. Finally, Morgan Stanley cut Kohl’s to an “underweight” rating and decreased their price target for the stock from $18.00 to $17.00 in a research note on Tuesday, August 27th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Kohl’s has a consensus rating of “Hold” and an average target price of $21.29.

Kohl’s Stock Up 0.9 %

Shares of Kohl’s stock traded up $0.17 during trading hours on Friday, reaching $19.62. 4,400,318 shares of the company were exchanged, compared to its average volume of 6,009,313. The firm has a market cap of $2.18 billion, a PE ratio of 7.91, a PEG ratio of 1.32 and a beta of 1.93. The stock’s fifty day moving average is $19.84 and its 200 day moving average is $22.49. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.16 and a current ratio of 1.08. Kohl’s Co. has a 1 year low of $17.68 and a 1 year high of $29.60.

Kohl’s (NYSE:KSS) last posted its earnings results on Wednesday, August 28th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.46 by $0.13. The firm had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.69 billion. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. Kohl’s’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 earnings per share. As a group, equities research analysts forecast that Kohl’s Co. will post 1.8 earnings per share for the current year.

Kohl’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $2.00 annualized dividend and a dividend yield of 10.19%. Kohl’s’s dividend payout ratio (DPR) is currently 80.65%.

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.