Thrivent Financial for Lutherans Decreases Holdings in Kohl’s Co. (NYSE:KSS)

Thrivent Financial for Lutherans trimmed its stake in Kohl’s Co. (NYSE:KSS) by 48.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,544 shares of the company’s stock after selling 81,319 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of Kohl’s worth $1,847,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC raised its holdings in shares of Kohl’s by 14.1% in the 3rd quarter. Signaturefd LLC now owns 3,965 shares of the company’s stock worth $84,000 after purchasing an additional 491 shares during the period. Arizona State Retirement System increased its position in Kohl’s by 2.0% in the second quarter. Arizona State Retirement System now owns 31,049 shares of the company’s stock worth $714,000 after buying an additional 623 shares during the last quarter. Insight Folios Inc raised its stake in shares of Kohl’s by 3.4% in the third quarter. Insight Folios Inc now owns 21,444 shares of the company’s stock valued at $452,000 after buying an additional 701 shares during the period. Summit Securities Group LLC lifted its position in shares of Kohl’s by 50.0% during the 2nd quarter. Summit Securities Group LLC now owns 2,400 shares of the company’s stock valued at $55,000 after buying an additional 800 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Kohl’s by 97.1% during the 2nd quarter. CWM LLC now owns 1,924 shares of the company’s stock valued at $44,000 after buying an additional 948 shares during the last quarter. 98.04% of the stock is owned by institutional investors.

Insider Buying and Selling at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’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 transaction, the executive vice president now owns 136,799 shares in the company, valued at approximately $2,636,116.73. This represents a 10.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.86% of the company’s stock.

Kohl’s Stock Performance

NYSE KSS opened at $14.75 on Friday. The stock has a 50-day moving average of $18.70 and a two-hundred day moving average of $20.68. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.16. Kohl’s Co. has a 1-year low of $14.22 and a 1-year high of $29.60. The company has a market cap of $1.64 billion, a P/E ratio of 5.78, a P/E/G ratio of 1.30 and a beta of 1.94.

Kohl’s (NYSE:KSS) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The business had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the prior year, the firm posted $0.53 earnings per share. The company’s revenue for the quarter was down 8.5% compared to the same quarter last year. As a group, analysts anticipate that Kohl’s Co. will post 1.77 EPS for the current year.

Kohl’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a yield of 13.56%. Kohl’s’s payout ratio is 78.43%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Evercore ISI lowered their price objective 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. Robert W. Baird lowered shares of Kohl’s from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $25.00 to $18.00 in a research report on Wednesday. Citigroup dropped their price target on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday. Telsey Advisory Group reduced their price objective on shares of Kohl’s from $23.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday. Finally, Morgan Stanley cut their price objective on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a research report on Monday. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Kohl’s currently has a consensus rating of “Hold” and an average target price of $17.22.

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.