Kohl’s Co. (NYSE:KSS) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its position in shares of Kohl’s Co. (NYSE:KSS) by 65.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,509 shares of the company’s stock after selling 98,508 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Kohl’s were worth $723,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of KSS. Pacer Advisors Inc. grew its holdings in shares of Kohl’s by 149.3% in the third quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock valued at $349,671,000 after purchasing an additional 9,925,878 shares in the last quarter. FMR LLC increased its position in shares of Kohl’s by 10.8% during the third quarter. FMR LLC now owns 7,576,274 shares of the company’s stock worth $159,859,000 after acquiring an additional 740,398 shares during the period. Geode Capital Management LLC raised its stake in shares of Kohl’s by 5.3% in the third quarter. Geode Capital Management LLC now owns 1,826,101 shares of the company’s stock valued at $38,541,000 after acquiring an additional 91,608 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Kohl’s by 6.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,716,006 shares of the company’s stock worth $36,208,000 after purchasing an additional 101,480 shares in the last quarter. Finally, Invenomic Capital Management LP raised its position in Kohl’s by 15.6% in the 3rd quarter. Invenomic Capital Management LP now owns 1,033,912 shares of the company’s stock valued at $21,816,000 after purchasing an additional 139,519 shares in the last quarter. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Kohl’s Stock Down 5.4 %

Shares of NYSE KSS opened at $12.08 on Friday. The stock has a market cap of $1.34 billion, a PE ratio of 5.44 and a beta of 1.85. Kohl’s Co. has a 52-week low of $12.06 and a 52-week high of $29.60. The business has a 50-day moving average price of $13.94 and a 200 day moving average price of $17.41. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97.

Kohl’s (NYSE:KSS) last announced its earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share (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 analysts’ expectations of $3.64 billion. During the same quarter last year, the business posted $0.53 earnings per share. The business’s revenue was down 8.5% on a year-over-year basis. Equities research analysts forecast that Kohl’s Co. will post 1.31 earnings per share for the current year.

Kohl’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 16.56%. The ex-dividend date was Wednesday, December 11th. Kohl’s’s dividend payout ratio (DPR) is presently 90.09%.

Analysts Set New Price Targets

KSS has been the topic of a number of recent research reports. Gordon Haskett lowered shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 target price on the stock. in a research note on Tuesday, November 26th. Morgan Stanley dropped their price objective 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. TD Cowen decreased their price objective 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 report on Wednesday, November 27th. Finally, Telsey Advisory Group decreased their price target on Kohl’s from $23.00 to $17.00 and set a “market perform” rating for the company in a report on Wednesday, November 27th. Three research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $16.70.

Insiders Place Their Bets

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of the business’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $14.05, for a total transaction of $53,769.35. Following the sale, the executive vice president now directly owns 133,091 shares in the company, valued at approximately $1,869,928.55. The trade was a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.86% of the stock is owned by insiders.

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.