Creative Planning Decreases Position in Kohl’s Co. (NYSE:KSS)

Creative Planning cut its position in Kohl’s Co. (NYSE:KSS) by 11.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 15,274 shares of the company’s stock after selling 1,930 shares during the period. Creative Planning’s holdings in Kohl’s were worth $322,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of KSS. Allspring Global Investments Holdings LLC raised its holdings in shares of Kohl’s by 495.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,936 shares of the company’s stock valued at $144,000 after purchasing an additional 4,107 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Kohl’s by 15.2% during the first quarter. Janney Montgomery Scott LLC now owns 138,090 shares of the company’s stock valued at $4,025,000 after purchasing an additional 18,261 shares during the last quarter. Texas Permanent School Fund Corp raised its holdings in shares of Kohl’s by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 96,894 shares of the company’s stock valued at $2,824,000 after purchasing an additional 1,316 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Kohl’s by 30.7% during the first quarter. SG Americas Securities LLC now owns 138,170 shares of the company’s stock valued at $4,028,000 after purchasing an additional 32,464 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Kohl’s during the first quarter valued at approximately $458,000. 98.04% of the stock is owned by hedge funds and other institutional investors.

Kohl’s Stock Performance

KSS opened at $17.51 on Friday. The firm has a market cap of $1.95 billion, a P/E ratio of 6.86, a PEG ratio of 1.22 and a beta of 1.94. Kohl’s Co. has a 1-year low of $17.41 and a 1-year high of $29.60. The company has a 50 day simple moving average of $19.40 and a two-hundred day simple moving average of $21.39. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.16.

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

Kohl’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.43%. Kohl’s’s dividend payout ratio is 78.43%.

Insider Buying and Selling

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total transaction of $315,392.09. Following the completion of the transaction, the executive vice president now owns 136,799 shares in the company, valued at approximately $2,636,116.73. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.86% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on KSS shares. TD Cowen cut shares of Kohl’s from a “buy” rating to a “hold” rating and decreased their price objective for the company from $25.00 to $21.00 in a report on Friday, August 30th. Morgan Stanley cut shares of Kohl’s to an “underweight” rating and reduced their target price for the company from $18.00 to $17.00 in a report on Tuesday, August 27th. Evercore ISI reduced their target price on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a report on Thursday, August 29th. Robert W. Baird reduced their target price on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Finally, JPMorgan Chase & Co. cut shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 target price for the company. in a report on Thursday, August 29th. Two 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’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $21.29.

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.