Kohl’s Co. (NYSE:KSS) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in Kohl’s Co. (NYSE:KSS) by 4.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 378,268 shares of the company’s stock after selling 17,273 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Kohl’s were worth $7,981,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. increased its stake in shares of Kohl’s by 149.3% in the 3rd 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. Squarepoint Ops LLC increased its position in shares of Kohl’s by 6,076.8% in the second quarter. Squarepoint Ops LLC now owns 1,834,509 shares of the company’s stock valued at $42,175,000 after buying an additional 1,804,809 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Kohl’s by 348.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock worth $50,118,000 after buying an additional 1,694,162 shares during the period. FMR LLC lifted its position in shares of Kohl’s by 10.8% during the 3rd quarter. FMR LLC now owns 7,576,274 shares of the company’s stock valued at $159,859,000 after buying an additional 740,398 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Kohl’s by 26.3% in the 2nd quarter. American Century Companies Inc. now owns 3,093,773 shares of the company’s stock valued at $71,126,000 after acquiring an additional 643,913 shares during the period. Institutional investors and hedge funds own 98.04% of the company’s stock.

Analysts Set New Price Targets

KSS has been the subject of a number of research analyst reports. Robert W. Baird cut shares of Kohl’s from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $25.00 to $18.00 in a research report on Wednesday, November 27th. Gordon Haskett lowered Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price objective for the company. in a research note on Tuesday, November 26th. TD Cowen decreased their target price on Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a research report on Wednesday, November 27th. Citigroup reduced their price objective on Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. Finally, Evercore ISI dropped their target price on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a report on Thursday, August 29th. Three research 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, Kohl’s currently has a consensus rating of “Hold” and a consensus price target of $17.22.

Kohl’s Trading Down 0.3 %

Shares of KSS stock opened at $15.26 on Tuesday. The company has a 50-day moving average of $18.05 and a two-hundred day moving average of $20.09. The firm has a market cap of $1.70 billion, a PE ratio of 6.87, a price-to-earnings-growth ratio of 1.47 and a beta of 1.89. Kohl’s Co. has a 1-year low of $14.22 and a 1-year high of $29.60. 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 (NYSE:KSS) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). The company had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 EPS. On average, analysts predict that Kohl’s Co. will post 1.3 EPS for the current year.

Kohl’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $2.00 annualized dividend and a dividend yield of 13.11%. Kohl’s’s dividend payout ratio is presently 90.09%.

Insider Buying and Selling

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total transaction of $315,392.09. Following the sale, the executive vice president now directly owns 136,799 shares of the company’s stock, valued at $2,636,116.73. This represents a 10.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.86% of the stock is owned by corporate insiders.

Kohl’s 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.