Amundi Decreases Stake in Kohl’s Co. (NYSE:KSS)

Amundi reduced its stake in shares of Kohl’s Co. (NYSE:KSS) by 87.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 56,858 shares of the company’s stock after selling 395,593 shares during the period. Amundi owned approximately 0.05% of Kohl’s worth $767,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in shares of Kohl’s in the fourth quarter valued at $26,000. Brown Brothers Harriman & Co. increased its position in shares of Kohl’s by 183.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock valued at $30,000 after buying an additional 917 shares in the last quarter. Bogart Wealth LLC purchased a new position in shares of Kohl’s in the fourth quarter valued at $35,000. Quest Partners LLC purchased a new position in shares of Kohl’s in the third quarter valued at $60,000. Finally, KBC Group NV increased its position in shares of Kohl’s by 58.5% in the fourth quarter. KBC Group NV now owns 5,347 shares of the company’s stock valued at $75,000 after buying an additional 1,974 shares in the last quarter. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Kohl’s Trading Up 4.3 %

KSS stock opened at $8.69 on Thursday. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The company has a market cap of $966.91 million, a price-to-earnings ratio of 3.91 and a beta of 1.92. The business has a fifty day simple moving average of $11.91 and a 200-day simple moving average of $15.55. Kohl’s Co. has a 52 week low of $7.96 and a 52 week high of $29.60.

Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.23. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The firm had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter in the previous year, the business earned $1.67 earnings per share. The firm’s quarterly revenue was down 9.4% compared to the same quarter last year. On average, equities research analysts expect that Kohl’s Co. will post 1.3 EPS for the current year.

Kohl’s Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 5.76%. 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 at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $14.05, for a total value of $53,769.35. Following the transaction, the executive vice president now directly owns 133,091 shares of the company’s stock, valued at $1,869,928.55. This trade represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.86% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

KSS has been the subject of a number of research analyst reports. TD Cowen dropped their price target on Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, November 27th. Baird R W downgraded Kohl’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. reduced their price objective on Kohl’s from $11.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 11th. Morgan Stanley reduced their price objective on Kohl’s from $10.00 to $8.00 and set an “underweight” rating on the stock in a research report on Wednesday, March 12th. 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 research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $12.10.

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.