Thrivent Financial for Lutherans Cuts Stake in Kohl’s Co. (NYSE:KSS)

Thrivent Financial for Lutherans lowered its position in Kohl’s Co. (NYSE:KSS) by 1.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 86,196 shares of the company’s stock after selling 1,348 shares during the period. Thrivent Financial for Lutherans owned 0.08% of Kohl’s worth $1,210,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC raised its holdings in shares of Kohl’s by 10.8% during the 3rd quarter. FMR LLC now owns 7,576,274 shares of the company’s stock worth $159,859,000 after acquiring an additional 740,398 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Kohl’s by 155.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 943,415 shares of the company’s stock valued at $13,246,000 after acquiring an additional 573,579 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of Kohl’s by 117.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 467,030 shares of the company’s stock valued at $6,557,000 after purchasing an additional 252,006 shares in the last quarter. Cinctive Capital Management LP acquired a new position in shares of Kohl’s in the third quarter worth $4,290,000. Finally, Hestia Capital Management LLC acquired a new position in Kohl’s during the 4th quarter worth $2,790,000. 98.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Morgan Stanley dropped their price objective on shares of Kohl’s from $10.00 to $8.00 and set an “underweight” rating on the stock in a research report on Wednesday, March 12th. Robert W. Baird decreased their price objective on Kohl’s from $18.00 to $11.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. Bank of America dropped their price target on Kohl’s from $15.00 to $8.00 and set an “underperform” rating on the stock in a research report on Wednesday, March 12th. UBS Group dropped their price objective on shares of Kohl’s from $10.00 to $5.00 and set a “sell” rating on the stock in a research note on Wednesday, March 12th. Finally, JPMorgan Chase & Co. cut their target price on Kohl’s from $11.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, March 11th. Six equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat.com, Kohl’s presently has an average rating of “Hold” and an average target price of $12.10.

Insider Buying and Selling at Kohl’s

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $14.05, for a total value of $53,769.35. Following the completion of the sale, the executive vice president now owns 133,091 shares of the company’s stock, valued at $1,869,928.55. This represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.86% of the stock is owned by company insiders.

Kohl’s Stock Down 3.2 %

KSS stock opened at $8.20 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. Kohl’s Co. has a 12 month low of $7.96 and a 12 month high of $29.60. The firm has a market capitalization of $912.52 million, a PE ratio of 3.69 and a beta of 1.92. The company’s 50 day simple moving average is $11.21 and its 200-day simple moving average is $14.89.

Kohl’s (NYSE:KSS) last announced its 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. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. 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 company posted $1.67 EPS. The firm’s revenue for the quarter was down 9.4% on a year-over-year basis. Equities analysts expect that Kohl’s Co. will post 1.3 earnings per share for the current fiscal year.

Kohl’s Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 21st will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.50 annualized dividend and a dividend yield of 6.10%. Kohl’s’s dividend payout ratio is presently 51.02%.

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.