Northwestern Mutual Wealth Management Co. Reduces Holdings in Kohl’s Co. (NYSE:KSS)

Northwestern Mutual Wealth Management Co. lessened its holdings in Kohl’s Co. (NYSE:KSS) by 8.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,000 shares of the company’s stock after selling 1,600 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Kohl’s were worth $391,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in Kohl’s by 16.4% in the 4th quarter. Vanguard Group Inc. now owns 12,591,595 shares of the company’s stock valued at $361,127,000 after buying an additional 1,775,024 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Kohl’s by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company’s stock worth $147,923,000 after acquiring an additional 52,126 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Kohl’s by 26.3% during the second quarter. American Century Companies Inc. now owns 3,093,773 shares of the company’s stock valued at $71,126,000 after acquiring an additional 643,913 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Kohl’s by 348.0% during the second quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock valued at $50,118,000 after acquiring an additional 1,694,162 shares during the last quarter. Finally, Squarepoint Ops LLC increased its position in Kohl’s by 6,076.8% during the 2nd quarter. Squarepoint Ops LLC now owns 1,834,509 shares of the company’s stock worth $42,175,000 after purchasing an additional 1,804,809 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were 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 approximately $2,636,116.73. This 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. Insiders own 0.86% of the company’s stock.

Kohl’s Trading Up 0.7 %

Shares of KSS opened at $19.14 on Wednesday. Kohl’s Co. has a twelve month low of $17.68 and a twelve month high of $29.60. The firm has a market capitalization of $2.13 billion, a P/E ratio of 7.72, a price-to-earnings-growth ratio of 1.32 and a beta of 1.93. The company has a current ratio of 1.08, a quick ratio of 0.16 and a debt-to-equity ratio of 0.98. The stock’s fifty day simple moving average is $19.80 and its 200 day simple moving average is $22.38.

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

Kohl’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 10.45%. The ex-dividend date was Wednesday, September 11th. Kohl’s’s payout ratio is 80.65%.

Analyst Upgrades and Downgrades

KSS has been the topic of several analyst reports. Morgan Stanley cut shares of 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. Evercore ISI lowered their target price on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research note on Thursday, August 29th. TD Cowen downgraded Kohl’s from a “buy” rating to a “hold” rating and cut their price target for the company from $25.00 to $21.00 in a report on Friday, August 30th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 price objective on shares of Kohl’s in a research report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. lowered Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 target price for the company. in a research note on Thursday, August 29th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $21.29.

Kohl’s Company 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.