US Bancorp DE Sells 6,061 Shares of Kohl’s Co. (NYSE:KSS)

US Bancorp DE lessened its holdings in shares of Kohl’s Co. (NYSE:KSS) by 39.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,178 shares of the company’s stock after selling 6,061 shares during the period. US Bancorp DE’s holdings in Kohl’s were worth $129,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Brown Brothers Harriman & Co. boosted its stake in Kohl’s by 183.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock worth $30,000 after purchasing an additional 917 shares in the last quarter. Bogart Wealth LLC purchased a new stake in Kohl’s in the 4th quarter worth approximately $35,000. Quest Partners LLC purchased a new stake in Kohl’s in the 3rd quarter worth approximately $60,000. KBC Group NV boosted its stake in Kohl’s by 58.5% in the 4th quarter. KBC Group NV now owns 5,347 shares of the company’s stock worth $75,000 after purchasing an additional 1,974 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in Kohl’s in the 4th quarter worth approximately $100,000. Institutional investors own 98.04% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Baird R W downgraded Kohl’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Bank of America reduced their target price on Kohl’s from $15.00 to $8.00 and set an “underperform” rating on the stock in a research note on Wednesday, March 12th. Telsey Advisory Group reiterated a “market perform” rating and issued a $13.00 target price on shares of Kohl’s in a research note on Tuesday, March 11th. TD Cowen cut their price target on Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, November 27th. Finally, Gordon Haskett downgraded Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price objective on the stock. in a research report on Tuesday, November 26th. Six analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $12.56.

Kohl’s Trading Down 2.4 %

Kohl’s stock opened at $8.02 on Monday. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. Kohl’s Co. has a 52 week low of $7.96 and a 52 week high of $29.60. The company has a market capitalization of $892.33 million, a price-to-earnings ratio of 3.61 and a beta of 1.92. The stock has a 50-day moving average price of $12.23 and a 200 day moving average price of $15.76.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.23. The company had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.25 billion. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. Kohl’s’s quarterly revenue was down 9.4% on a year-over-year basis. During the same period last year, the business earned $1.67 earnings per share. Sell-side analysts anticipate that Kohl’s Co. will post 1.3 EPS for the current year.

Kohl’s Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.24%. The ex-dividend date of this dividend is Friday, March 21st. Kohl’s’s dividend payout ratio (DPR) is presently 51.02%.

Insider Buying and Selling

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of the business’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $14.05, for a total transaction of $53,769.35. Following the transaction, the executive vice president now owns 133,091 shares of the company’s stock, valued at approximately $1,869,928.55. The trade was a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.86% of the stock is owned by company insiders.

Kohl’s 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.