Dakota Wealth Management Has $552,000 Holdings in Kohl’s Co. (NYSE:KSS)

Dakota Wealth Management reduced its holdings in Kohl’s Co. (NYSE:KSS) by 3.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,158 shares of the company’s stock after selling 811 shares during the quarter. Dakota Wealth Management’s holdings in Kohl’s were worth $552,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Security National Bank acquired a new position in Kohl’s during the 2nd quarter worth $34,000. CWM LLC lifted its holdings in Kohl’s by 97.1% during the 2nd quarter. CWM LLC now owns 1,924 shares of the company’s stock worth $44,000 after buying an additional 948 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new position in shares of Kohl’s in the 2nd quarter valued at $49,000. Summit Securities Group LLC lifted its stake in shares of Kohl’s by 50.0% in the 2nd 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 period. Finally, Hexagon Capital Partners LLC lifted its stake in shares of Kohl’s by 82.7% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,567 shares of the company’s stock valued at $75,000 after purchasing an additional 1,162 shares during the period. 98.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on KSS shares. Telsey Advisory Group reissued a “market perform” rating and issued a $23.00 price target on shares of Kohl’s in a research note on Wednesday, August 28th. Evercore ISI cut their price target on Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a research note on Thursday, August 29th. Robert W. Baird cut their price target on Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. JPMorgan Chase & Co. downgraded Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target on the stock. in a research note on Thursday, August 29th. Finally, Morgan Stanley downgraded Kohl’s to an “underweight” rating and cut their price target for the company from $18.00 to $17.00 in a research note on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Kohl’s presently has an average rating of “Hold” and a consensus target price of $21.29.

Kohl’s Price Performance

KSS opened at $19.04 on Monday. The company has a fifty day simple moving average of $19.66 and a 200 day simple moving average of $21.70. The stock has a market cap of $2.12 billion, a P/E ratio of 7.68, a P/E/G ratio of 1.41 and a beta of 1.93. 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 12 month low of $17.89 and a 12 month high of $29.60.

Kohl’s (NYSE:KSS) last released its earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company’s revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS. On average, research analysts expect that Kohl’s Co. will post 1.8 EPS for the current year.

Kohl’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 10.50%. The ex-dividend date of this dividend was Wednesday, September 11th. Kohl’s’s dividend payout ratio (DPR) is presently 80.65%.

Insiders Place Their Bets

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total transaction of $315,392.09. Following the completion of the transaction, the executive vice president now owns 136,799 shares in the company, valued at approximately $2,636,116.73. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.