Steward Partners Investment Advisory LLC Sells 993 Shares of Kohl’s Co. (NYSE:KSS)

Steward Partners Investment Advisory LLC lowered its holdings in Kohl’s Co. (NYSE:KSSGet Rating) by 33.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,013 shares of the company’s stock after selling 993 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Kohl’s were worth $122,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Field & Main Bank boosted its position in Kohl’s by 66.7% in the fourth quarter. Field & Main Bank now owns 500 shares of the company’s stock valued at $25,000 after buying an additional 200 shares in the last quarter. TCI Wealth Advisors Inc. boosted its position in Kohl’s by 187.3% in the first quarter. TCI Wealth Advisors Inc. now owns 609 shares of the company’s stock valued at $37,000 after buying an additional 397 shares in the last quarter. Allworth Financial LP boosted its position in Kohl’s by 172.6% in the first quarter. Allworth Financial LP now owns 616 shares of the company’s stock valued at $37,000 after buying an additional 390 shares in the last quarter. UMB Bank N A MO acquired a new position in Kohl’s in the fourth quarter valued at about $34,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in Kohl’s in the first quarter valued at about $49,000. 92.72% of the stock is currently owned by institutional investors and hedge funds.

Kohl’s Stock Up 1.2 %

Shares of NYSE:KSS opened at $29.49 on Tuesday. Kohl’s Co. has a 52 week low of $26.07 and a 52 week high of $64.38. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.30 and a current ratio of 1.40. The company has a market capitalization of $3.79 billion, a PE ratio of 4.58, a PEG ratio of 0.84 and a beta of 1.62. The company has a 50 day moving average price of $35.49 and a two-hundred day moving average price of $49.30.

Kohl’s (NYSE:KSSGet Rating) last issued its earnings results on Thursday, May 19th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.59). Kohl’s had a net margin of 4.87% and a return on equity of 19.47%. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the previous year, the company posted $1.05 EPS. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. Analysts forecast that Kohl’s Co. will post 4.34 earnings per share for the current year.

Kohl’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 22nd. Stockholders of record on Wednesday, June 8th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 6.78%. The ex-dividend date was Tuesday, June 7th. Kohl’s’s dividend payout ratio is 31.06%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on KSS shares. Cowen reduced their price target on shares of Kohl’s from $75.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, May 20th. JPMorgan Chase & Co. reduced their target price on shares of Kohl’s from $61.00 to $50.00 in a research report on Monday, May 16th. TheStreet lowered shares of Kohl’s from a “b-” rating to a “c” rating in a research report on Friday, June 3rd. Robert W. Baird reduced their target price on shares of Kohl’s from $53.00 to $42.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 5th. Finally, Bank of America lowered shares of Kohl’s from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $50.00 to $26.00 in a research report on Thursday, July 7th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Kohl’s presently has an average rating of “Hold” and a consensus target price of $40.36.

Kohl’s Company Profile

(Get Rating)

Kohl's Corporation operates as a retail company 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 Apt. 9, Croft & Barrow, Jumping Beans, SO, and Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.

Further Reading

Institutional Ownership by Quarter for Kohl's (NYSE:KSS)

Want More Great Investing Ideas?

Receive News & Ratings for Kohl's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kohl's and related companies with MarketBeat.com's FREE daily email newsletter.