Principal Financial Group Inc. Trims Stock Position in Kohl’s Co. (NYSE:KSS)

Principal Financial Group Inc. decreased its position in shares of Kohl’s Co. (NYSE:KSS) by 3.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 523,657 shares of the company’s stock after selling 20,947 shares during the period. Principal Financial Group Inc. owned 0.47% of Kohl’s worth $11,049,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of KSS. Squarepoint Ops LLC lifted its stake in shares of Kohl’s by 6,076.8% during the second quarter. Squarepoint Ops LLC now owns 1,834,509 shares of the company’s stock valued at $42,175,000 after buying an additional 1,804,809 shares during the period. AQR Capital Management LLC lifted 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 buying an additional 1,694,162 shares during the period. SG Americas Securities LLC lifted its stake in shares of Kohl’s by 518.9% during the second quarter. SG Americas Securities LLC now owns 855,089 shares of the company’s stock valued at $19,658,000 after buying an additional 716,919 shares during the period. American Century Companies Inc. lifted 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 buying an additional 643,913 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in shares of Kohl’s by 109.2% during the third quarter. International Assets Investment Management LLC now owns 546,070 shares of the company’s stock valued at $11,522,000 after buying an additional 285,070 shares during the period. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective on the stock. in a research note on Thursday, August 29th. Robert W. Baird dropped their price target on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. TD Cowen lowered shares of Kohl’s from a “buy” rating to a “hold” rating and dropped their price target for the stock from $25.00 to $21.00 in a research report on Friday, August 30th. Morgan Stanley lowered shares of Kohl’s to an “underweight” rating and dropped their price target for the stock from $18.00 to $17.00 in a research report on Tuesday, August 27th. Finally, Evercore ISI dropped their price target on shares of 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. 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $21.29.

Insider Transactions at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the firm’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total transaction of $315,392.09. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.86% of the company’s stock.

Kohl’s Price Performance

Kohl’s stock opened at $18.00 on Monday. Kohl’s Co. has a 52-week low of $17.41 and a 52-week high of $29.60. The firm has a fifty day moving average of $19.22 and a 200-day moving average of $21.15. The firm has a market capitalization of $2.00 billion, a P/E ratio of 7.06, a PEG ratio of 1.24 and a beta of 1.94. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98.

Kohl’s (NYSE:KSS) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.13. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The company had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the business earned $0.52 earnings per share. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. As a group, analysts predict that Kohl’s Co. will post 1.81 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 annualized dividend and a dividend yield of 11.11%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl’s’s payout ratio is currently 78.43%.

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.