Kohl’s Co. (NYSE:KSS) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC reduced its stake in shares of Kohl’s Co. (NYSE:KSS – Get Rating) by 5.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,094 shares of the company’s stock after selling 539 shares during the period. Tower Research Capital LLC TRC’s holdings in Kohl’s were worth $229,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Eagle Bay Advisors LLC purchased a new stake in Kohl’s in the 2nd quarter worth approximately $26,000. Wipfli Financial Advisors LLC purchased a new stake in Kohl’s in the 3rd quarter worth approximately $37,000. PenderFund Capital Management Ltd. purchased a new stake in Kohl’s in the 2nd quarter worth approximately $41,000. Fifth Third Bancorp grew its stake in Kohl’s by 242.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,823 shares of the company’s stock worth $46,000 after acquiring an additional 1,290 shares during the period. Finally, Fairfield Bush & CO. purchased a new stake in Kohl’s in the 1st quarter worth approximately $93,000. 95.50% of the stock is currently owned by institutional investors and hedge funds.

Kohl’s Stock Performance

Shares of KSS stock opened at $27.94 on Friday. Kohl’s Co. has a 12 month low of $23.38 and a 12 month high of $63.74. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.20 and a quick ratio of 0.12. The firm has a market capitalization of $3.09 billion, a P/E ratio of -62.09, a P/E/G ratio of 1.34 and a beta of 1.68. The company’s fifty day moving average price is $29.79 and its two-hundred day moving average price is $29.05.

Kohl’s (NYSE:KSS – Get Rating) last issued its quarterly earnings data on Wednesday, March 1st. The company reported ($2.49) EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($3.54). Kohl’s had a negative return on equity of 0.45% and a negative net margin of 0.10%. The firm had revenue of $5.78 billion during the quarter, compared to analyst estimates of $6.03 billion. During the same quarter in the prior year, the firm earned $2.20 EPS. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. On average, research analysts anticipate that Kohl’s Co. will post 2.6 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 29th. Shareholders of record on Wednesday, March 15th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, March 14th. This represents a $2.00 dividend on an annualized basis and a yield of 7.16%. Kohl’s’s dividend payout ratio is currently -444.43%.

Analyst Upgrades and Downgrades

Several research firms have commented on KSS. The Goldman Sachs Group lowered their target price on shares of Kohl’s from $27.00 to $24.00 and set a “sell” rating for the company in a research note on Thursday. JPMorgan Chase & Co. lowered their price objective on shares of Kohl’s from $33.00 to $26.00 in a research note on Tuesday, January 3rd. Credit Suisse Group lowered their price objective on shares of Kohl’s to $27.00 in a research note on Wednesday. Robert W. Baird lowered their price objective on shares of Kohl’s from $40.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, November 9th. Finally, Guggenheim lowered their price objective on shares of Kohl’s from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, February 2nd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $29.25.

Kohl’s Company Profile

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Kohl’s Corp. engages in the operation of family-oriented department stores. Its business line includes apparel, footwear, and accessories for women, men, and children, home products, beauty products, and accessories. The stores generally carry a consistent merchandise assortment with some differences attributable to regional preferences.