Mutual of America Capital Management LLC Lowers Stake in Kohl’s Co. (NYSE:KSS)

Mutual of America Capital Management LLC decreased its position in Kohl’s Co. (NYSE:KSS) by 8.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,726 shares of the company’s stock after selling 1,504 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Kohl’s were worth $353,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Security National Bank purchased a new stake in shares of Kohl’s in the 2nd quarter valued at $34,000. Farther Finance Advisors LLC increased its stake in Kohl’s by 117.5% during 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 during the period. CWM LLC lifted its position in shares of Kohl’s by 97.1% during the second quarter. CWM LLC now owns 1,924 shares of the company’s stock worth $44,000 after purchasing an additional 948 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new position in shares of Kohl’s in the second quarter valued at approximately $49,000. Finally, Summit Securities Group LLC grew its holdings in shares of Kohl’s by 50.0% in 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 in the last quarter. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Kohl’s Stock Performance

Shares of Kohl’s stock opened at $14.74 on Thursday. 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 Co. has a 52 week low of $14.22 and a 52 week high of $29.60. The firm’s 50 day moving average is $18.78 and its two-hundred day moving average is $20.73. The firm has a market capitalization of $1.64 billion, a P/E ratio of 5.78, a P/E/G ratio of 1.30 and a beta of 1.94.

Kohl’s (NYSE:KSS) last posted its earnings results on Tuesday, November 26th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The company had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same period last year, the business earned $0.53 earnings per share. The company’s quarterly revenue was down 8.5% on a year-over-year basis. Research analysts forecast that Kohl’s Co. will post 1.77 EPS for the current fiscal year.

Kohl’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 13.57%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl’s’s payout ratio is currently 78.43%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on KSS shares. Guggenheim reduced their target price on shares of Kohl’s from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday. Gordon Haskett downgraded Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price target on the stock. in a report on Tuesday. Telsey Advisory Group reduced their price target on Kohl’s from $23.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday. Robert W. Baird downgraded Kohl’s from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $25.00 to $18.00 in a research report on Wednesday. Finally, Citigroup reduced their target price on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Kohl’s has a consensus rating of “Hold” and a consensus price target of $17.22.

Insider Activity at Kohl’s

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 value of $315,392.09. Following the completion of the sale, the executive vice president now owns 136,799 shares in the company, valued at $2,636,116.73. This represents a 10.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.86% of the company’s stock.

Kohl’s Company 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.