PNC Financial Services Group Inc. Has $91,000 Stock Holdings in Kohl’s Co. (NYSE:KSS)

PNC Financial Services Group Inc. decreased its stake in Kohl’s Co. (NYSE:KSS) by 35.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,497 shares of the company’s stock after selling 3,546 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Kohl’s were worth $91,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of KSS. Raymond James Financial Inc. purchased a new stake in Kohl’s during the fourth quarter valued at about $330,000. Dana Investment Advisors Inc. raised its holdings in shares of Kohl’s by 56.7% during the fourth quarter. Dana Investment Advisors Inc. now owns 253,151 shares of the company’s stock valued at $3,554,000 after acquiring an additional 91,590 shares during the period. Victory Capital Management Inc. lifted its position in shares of Kohl’s by 7.4% in the 4th quarter. Victory Capital Management Inc. now owns 147,647 shares of the company’s stock valued at $2,073,000 after acquiring an additional 10,116 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Kohl’s by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,771,546 shares of the company’s stock worth $24,873,000 after purchasing an additional 55,540 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in Kohl’s during the 4th quarter worth approximately $26,000. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Analyst Upgrades and Downgrades

KSS has been the subject of a number of research analyst reports. UBS Group reduced their target price on Kohl’s from $10.00 to $5.00 and set a “sell” rating for the company in a report on Wednesday, March 12th. Jefferies Financial Group reduced their price objective on Kohl’s from $15.00 to $12.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. Robert W. Baird lowered their target price on Kohl’s from $18.00 to $11.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. Citigroup reduced their price target on shares of Kohl’s from $11.00 to $8.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Finally, TD Cowen decreased their price target on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, November 27th. Six equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. Based on data from MarketBeat, Kohl’s presently has an average rating of “Hold” and a consensus price target of $12.10.

Insider Buying and Selling

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

Kohl’s Trading Down 3.0 %

Kohl’s stock opened at $9.12 on Wednesday. Kohl’s Co. has a one year low of $7.96 and a one year high of $29.60. The company’s fifty day moving average price is $11.56 and its two-hundred day moving average price is $15.20. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 4.11 and a beta of 1.92.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.23. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The business had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.25 billion. During the same quarter in the prior year, the firm posted $1.67 EPS. The firm’s revenue for the quarter was down 9.4% on a year-over-year basis. On average, analysts forecast that Kohl’s Co. will post 1.3 earnings per share for the current fiscal year.

Kohl’s Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date of this dividend is Friday, March 21st. Kohl’s’s payout ratio is 51.02%.

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.