Amalgamated Bank Sells 14,699 Shares of Kohl’s Co. (NYSE:KSS)

Amalgamated Bank trimmed its holdings in shares of Kohl’s Co. (NYSE:KSS) by 29.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,799 shares of the company’s stock after selling 14,699 shares during the quarter. Amalgamated Bank’s holdings in Kohl’s were worth $734,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Security National Bank bought a new position in shares of Kohl’s in the second quarter valued at $34,000. Farther Finance Advisors LLC increased its stake in shares of Kohl’s by 117.5% in the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock worth $40,000 after purchasing an additional 1,034 shares in the last quarter. CWM LLC grew its stake in Kohl’s by 97.1% during the second quarter. CWM LLC now owns 1,924 shares of the company’s stock valued at $44,000 after acquiring an additional 948 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new position in Kohl’s during the second quarter valued at approximately $49,000. Finally, Summit Securities Group LLC lifted its position in Kohl’s by 50.0% during the second quarter. Summit Securities Group LLC now owns 2,400 shares of the company’s stock valued at $55,000 after purchasing an additional 800 shares during the last quarter. 98.04% of the stock is owned by institutional investors.

Kohl’s Trading Down 3.2 %

Kohl’s stock opened at $18.02 on Friday. Kohl’s Co. has a 52 week low of $17.41 and a 52 week high of $29.60. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 7.01, a price-to-earnings-growth ratio of 1.25 and a beta of 1.94. The stock has a 50-day moving average price of $19.26 and a 200 day moving average price of $21.21. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98.

Kohl’s (NYSE:KSS) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.46 by $0.13. The firm had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 earnings per share. Sell-side analysts anticipate 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 Tuesday, December 24th. Investors of record on Wednesday, December 11th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a yield of 11.10%. Kohl’s’s dividend payout ratio is presently 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 stock was sold at an average price of $19.27, for a total transaction of $315,392.09. Following the transaction, the executive vice president now owns 136,799 shares of the company’s stock, valued at $2,636,116.73. This represents a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.86% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on KSS shares. Evercore ISI lowered their price objective 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. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 target price on shares of Kohl’s in a research report on Wednesday, August 28th. Robert W. Baird cut their price objective on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. TD Cowen cut shares of Kohl’s from a “buy” rating to a “hold” rating and lowered their target price for the company from $25.00 to $21.00 in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. cut shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective on the stock. in a research note on Thursday, August 29th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $21.29.

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.