Nisa Investment Advisors LLC Decreases Stock Holdings in Kohl’s Co. (NYSE:KSS)

Nisa Investment Advisors LLC lowered its holdings in Kohl’s Co. (NYSE:KSS) by 58.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,000 shares of the company’s stock after selling 21,300 shares during the period. Nisa Investment Advisors LLC’s holdings in Kohl’s were worth $211,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in KSS. Brown Brothers Harriman & Co. boosted its position in shares of 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 buying an additional 917 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Kohl’s by 117.5% during the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after purchasing an additional 1,034 shares during the period. Quest Partners LLC purchased a new position in shares of Kohl’s in the third quarter valued at $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 valued at $77,000 after purchasing an additional 1,517 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Kohl’s by 1,756.0% during the 3rd quarter. Blue Trust Inc. now owns 3,842 shares of the company’s stock worth $88,000 after buying an additional 3,635 shares during the period. Institutional investors and hedge funds own 98.04% of the company’s stock.

Insider Transactions at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $14.05, for a total transaction of $53,769.35. Following the completion of the sale, the executive vice president now directly owns 133,091 shares in the company, valued at approximately $1,869,928.55. This trade represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on KSS shares. Robert W. Baird cut Kohl’s from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $18.00 in a research note on Wednesday, November 27th. TD Cowen dropped their target price on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, November 27th. Baird R W lowered Kohl’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Guggenheim lowered Kohl’s from a “buy” rating to a “neutral” rating in a research report on Monday, December 2nd. Finally, Telsey Advisory Group lowered their target price on shares of Kohl’s from $23.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, November 27th. Three investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $17.22.

Kohl’s Price Performance

NYSE KSS opened at $13.20 on Thursday. The firm has a market capitalization of $1.47 billion, a PE ratio of 5.94 and a beta of 1.87. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. Kohl’s Co. has a 12 month low of $12.62 and a 12 month high of $29.60. The company’s 50 day simple moving average is $14.36 and its 200 day simple moving average is $17.78.

Kohl’s (NYSE:KSS) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.08). Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The firm had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same quarter last year, the business posted $0.53 earnings per share. The firm’s revenue for the quarter was down 8.5% compared to the same quarter last year. As a group, equities research analysts forecast that Kohl’s Co. will post 1.31 EPS for the current fiscal year.

Kohl’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $2.00 annualized dividend and a dividend yield of 15.15%. Kohl’s’s dividend payout ratio (DPR) is 90.09%.

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.