Acadian Asset Management LLC Sells 3,712 Shares of Kohl’s Co. (NYSE:KSS)

Acadian Asset Management LLC trimmed its position in Kohl’s Co. (NYSE:KSS) by 73.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,351 shares of the company’s stock after selling 3,712 shares during the period. Acadian Asset Management LLC’s holdings in Kohl’s were worth $31,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Hsbc Holdings PLC boosted its position in shares of Kohl’s by 254.9% in the 4th quarter. Hsbc Holdings PLC now owns 794,677 shares of the company’s stock worth $22,822,000 after purchasing an additional 570,745 shares in the last quarter. Hexagon Capital Partners LLC boosted its holdings in Kohl’s by 49.9% in the second quarter. Hexagon Capital Partners LLC now owns 3,848 shares of the company’s stock worth $88,000 after acquiring an additional 1,281 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Kohl’s by 22.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 265,310 shares of the company’s stock worth $7,787,000 after acquiring an additional 49,209 shares in the last quarter. Norges Bank purchased a new stake in shares of Kohl’s during the fourth quarter worth about $34,583,000. Finally, Allianz Asset Management GmbH increased its holdings in shares of Kohl’s by 6.4% during the fourth quarter. Allianz Asset Management GmbH now owns 3,340,746 shares of the company’s stock valued at $95,813,000 after acquiring an additional 199,618 shares in the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

Kohl’s Stock Performance

Shares of KSS stock opened at $18.68 on Friday. Kohl’s Co. has a 52-week low of $17.68 and a 52-week high of $29.60. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98. The stock has a market cap of $2.08 billion, a PE ratio of 7.53, a price-to-earnings-growth ratio of 1.32 and a beta of 1.93. The business has a 50-day simple moving average of $20.07 and a 200-day simple moving average of $22.88.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.13. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The company had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the previous year, the company posted $0.52 earnings per share. Kohl’s’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, equities analysts expect that Kohl’s Co. will post 1.81 EPS for the current year.

Kohl’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 10.71%. The ex-dividend date of this dividend is Wednesday, September 11th. Kohl’s’s dividend payout ratio (DPR) is presently 80.65%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on KSS shares. StockNews.com cut shares of Kohl’s from a “buy” rating to a “hold” rating in a research note on Friday, May 31st. Robert W. Baird lowered their price objective on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Telsey Advisory Group reissued a “market perform” rating and issued a $23.00 target price on shares of Kohl’s in a research report on Wednesday, August 28th. JPMorgan Chase & Co. cut Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target for the company. in a research report on Thursday, August 29th. Finally, Morgan Stanley lowered Kohl’s to an “underweight” rating and cut their price objective for the company from $18.00 to $17.00 in a report on Tuesday, August 27th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $20.67.

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.