Prudential Financial Inc. Trims Holdings in Kohl’s Co. (NYSE:KSS)

Prudential Financial Inc. trimmed its position in Kohl’s Co. (NYSE:KSS) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 111,743 shares of the company’s stock after selling 1,850 shares during the quarter. Prudential Financial Inc. owned about 0.10% of Kohl’s worth $1,648,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in Kohl’s in the fourth quarter valued at approximately $26,000. Bogart Wealth LLC acquired a new position in shares of Kohl’s in the 4th quarter valued at $35,000. Quarry LP increased its position in shares of Kohl’s by 687.4% during the 3rd quarter. Quarry LP now owns 4,858 shares of the company’s stock worth $103,000 after purchasing an additional 4,241 shares during the last quarter. KBC Group NV increased its position in shares of Kohl’s by 58.5% during 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 last quarter. Finally, Platinum Investment Management Ltd. raised its holdings in Kohl’s by 30.7% in the 4th quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company’s stock valued at $86,000 after buying an additional 1,436 shares during the period. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on KSS. Telsey Advisory Group reiterated a “market perform” rating and set a $10.00 price target on shares of Kohl’s in a research report on Tuesday, April 1st. UBS Group cut their target price on Kohl’s from $10.00 to $5.00 and set a “sell” rating on the stock in a research report on Wednesday, March 12th. Bank of America lowered their price target on Kohl’s from $15.00 to $8.00 and set an “underperform” rating for the company in a research report on Wednesday, March 12th. Robert W. Baird dropped their price objective on Kohl’s from $18.00 to $11.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Finally, The Goldman Sachs Group decreased their target price on Kohl’s from $13.00 to $11.25 and set a “sell” rating on the stock in a research note on Tuesday, March 4th. Six research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to data from MarketBeat.com, Kohl’s currently has an average rating of “Hold” and a consensus target price of $11.87.

Kohl’s Price Performance

Shares of NYSE:KSS opened at $7.15 on Friday. The stock has a market capitalization of $795.41 million, a price-to-earnings ratio of 3.22 and a beta of 1.65. Kohl’s Co. has a one year low of $6.04 and a one year high of $28.25. The company has a 50-day simple moving average of $10.75 and a 200-day simple moving average of $14.60. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05.

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 return on equity of 6.44% and a net margin of 1.47%. The company had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same period last year, the business posted $1.67 EPS. The company’s revenue was down 9.4% on a year-over-year basis. On average, analysts predict that Kohl’s Co. will post 1.3 EPS for the current year.

Kohl’s Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 7.00%. The ex-dividend date of this dividend was Friday, March 21st. Kohl’s’s dividend payout ratio (DPR) is presently 51.02%.

About Kohl’s

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.