United Services Automobile Association Sells 1,177 Shares of Kohl’s Co. (NYSE:KSS)

United Services Automobile Association lowered its position in Kohl’s Co. (NYSE:KSS – Get Rating) by 7.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 13,709 shares of the company’s stock after selling 1,177 shares during the quarter. United Services Automobile Association’s holdings in Kohl’s were worth $344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Eagle Bay Advisors LLC bought a new stake in Kohl’s during the second quarter valued at about $26,000. PenderFund Capital Management Ltd. bought a new stake in Kohl’s during the second quarter valued at about $41,000. IFP Advisors Inc lifted its position in shares of Kohl’s by 123.2% in the third quarter. IFP Advisors Inc now owns 1,366 shares of the company’s stock valued at $110,000 after acquiring an additional 754 shares in the last quarter. Wipfli Financial Advisors LLC purchased a new position in shares of Kohl’s in the third quarter valued at about $37,000. Finally, Fairfield Bush & CO. purchased a new position in shares of Kohl’s in the first quarter valued at about $93,000. Institutional investors own 95.50% of the company’s stock.

Kohl’s Stock Performance

Shares of Kohl’s stock opened at $22.29 on Wednesday. The company has a market capitalization of $2.46 billion, a PE ratio of -49.53, a P/E/G ratio of 1.29 and a beta of 1.68. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.18 and a current ratio of 1.20. The company has a 50-day simple moving average of $29.86 and a two-hundred day simple moving average of $28.80. Kohl’s Co. has a one year low of $21.92 and a one year high of $63.74.

Kohl’s (NYSE:KSS – Get Rating) last announced its earnings results on Wednesday, March 1st. The company reported ($2.49) EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($3.54). The firm had revenue of $5.78 billion during the quarter, compared to the consensus estimate of $6.03 billion. Kohl’s had a negative return on equity of 0.45% and a negative net margin of 0.10%. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.20 earnings per share. Research analysts expect that Kohl’s Co. will post 2.4 EPS for the current fiscal year.

Kohl’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 29th. Stockholders of record on Wednesday, March 15th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, March 14th. This represents a $2.00 annualized dividend and a dividend yield of 8.97%. Kohl’s’s dividend payout ratio (DPR) is currently -444.43%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price objective on Kohl’s from $33.00 to $26.00 in a research report on Tuesday, January 3rd. Citigroup dropped their price objective on shares of Kohl’s from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, March 2nd. Guggenheim dropped 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. The Goldman Sachs Group dropped their price objective 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, March 2nd. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $35.00 price objective on shares of Kohl’s in a research note on Wednesday, March 1st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $29.25.

About Kohl’s

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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.