SG Americas Securities LLC Has $966,000 Holdings in Kohl’s Co. (NYSE:KSS)

SG Americas Securities LLC lowered its stake in shares of Kohl’s Co. (NYSE:KSS) by 87.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,838 shares of the company’s stock after selling 497,181 shares during the quarter. SG Americas Securities LLC owned about 0.06% of Kohl’s worth $966,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Brown Brothers Harriman & Co. boosted its stake in Kohl’s by 183.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock worth $30,000 after purchasing an additional 917 shares in the last quarter. Farther Finance Advisors LLC raised its holdings 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 valued at $40,000 after buying an additional 1,034 shares during the last quarter. Quest Partners LLC acquired a new position in Kohl’s during the 3rd quarter worth about $60,000. Abich Financial Wealth Management LLC grew its holdings in Kohl’s by 70.5% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 3,669 shares of the company’s stock worth $77,000 after acquiring an additional 1,517 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Kohl’s by 1,756.0% in the 3rd quarter. Blue Trust Inc. now owns 3,842 shares of the company’s stock valued at $88,000 after acquiring an additional 3,635 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Citigroup dropped their target price on Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. Morgan Stanley cut their target price on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Monday, November 25th. Robert W. Baird cut shares of Kohl’s from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $25.00 to $18.00 in a research report on Wednesday, November 27th. Gordon Haskett lowered shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 target price for the company. in a report on Tuesday, November 26th. Finally, Baird R W cut shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Three equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $17.22.

Kohl’s Price Performance

KSS opened at $13.57 on Wednesday. The company has a fifty day simple moving average of $14.43 and a 200 day simple moving average of $17.85. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The stock has a market cap of $1.51 billion, a P/E ratio of 6.11 and a beta of 1.87. Kohl’s Co. has a 12 month low of $12.62 and a 12 month high of $29.60.

Kohl’s (NYSE:KSS) last released its quarterly 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 return on equity of 6.44% and a net margin of 1.47%. The business had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period in the prior year, the business earned $0.53 EPS. The company’s revenue for the quarter was down 8.5% compared to the same quarter last year. On average, research analysts expect that Kohl’s Co. will post 1.31 EPS for the current year.

Kohl’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 14.73%. The ex-dividend date of this dividend was Wednesday, December 11th. Kohl’s’s payout ratio is 90.09%.

Insider Activity at Kohl’s

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $14.05, for a total value of $53,769.35. Following the completion of the sale, the executive vice president now owns 133,091 shares of the company’s stock, valued at approximately $1,869,928.55. This represents a 2.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.86% of the stock is owned by insiders.

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.