Kohl’s Co. (NYSE:KSS) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. cut its holdings in Kohl’s Co. (NYSE:KSS – Get Rating) by 32.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,147 shares of the company’s stock after selling 14,181 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Kohl’s were worth $736,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. SummerHaven Investment Management LLC grew its position in shares of Kohl’s by 1.4% in the fourth quarter. SummerHaven Investment Management LLC now owns 26,789 shares of the company’s stock valued at $676,000 after purchasing an additional 364 shares during the last quarter. Victory Capital Management Inc. boosted its position in Kohl’s by 0.6% during the third quarter. Victory Capital Management Inc. now owns 64,492 shares of the company’s stock worth $1,622,000 after acquiring an additional 376 shares during the last quarter. Xponance Inc. boosted its position in Kohl’s by 2.6% during the fourth quarter. Xponance Inc. now owns 15,774 shares of the company’s stock worth $398,000 after acquiring an additional 398 shares during the last quarter. Blair William & Co. IL boosted its position in Kohl’s by 1.8% during the first quarter. Blair William & Co. IL now owns 28,668 shares of the company’s stock worth $1,733,000 after acquiring an additional 502 shares during the last quarter. Finally, Captrust Financial Advisors boosted its position in Kohl’s by 21.3% during the first quarter. Captrust Financial Advisors now owns 4,036 shares of the company’s stock worth $244,000 after acquiring an additional 709 shares during the last quarter. 95.50% of the stock is currently owned by institutional investors and hedge funds.

Kohl’s Stock Up 2.7 %

KSS stock opened at $19.51 on Tuesday. Kohl’s Co. has a 52 week low of $18.61 and a 52 week high of $47.63. The company has a quick ratio of 0.18, a current ratio of 1.20 and a debt-to-equity ratio of 1.18. The business has a 50-day simple moving average of $21.95 and a 200 day simple moving average of $26.66. The company has a market cap of $2.16 billion, a PE ratio of -43.36, a price-to-earnings-growth ratio of 1.01 and a beta of 1.66.

Kohl’s (NYSE:KSS – Get Rating) last posted its quarterly earnings results on Wednesday, March 1st. The company reported ($2.49) earnings per share (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 business had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $6.03 billion. During the same quarter in the previous year, the company posted $2.20 earnings per share. Kohl’s’s quarterly revenue was down 7.2% on a year-over-year basis. Sell-side analysts anticipate that Kohl’s Co. will post 2.36 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 21st. Investors of record on Wednesday, June 7th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 10.25%. The ex-dividend date is Tuesday, June 6th. Kohl’s’s dividend payout ratio (DPR) is currently -444.44%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. UBS Group decreased their target price on shares of Kohl’s from $18.00 to $16.00 and set a “sell” rating on the stock in a research report on Wednesday, March 29th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $35.00 price target on shares of Kohl’s in a research note on Wednesday, March 1st. Citigroup cut their price target on shares of Kohl’s from $26.00 to $19.00 in a research note on Tuesday, May 16th. Guggenheim cut their price target on shares of Kohl’s from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, February 2nd. Finally, The Goldman Sachs Group cut their price target on shares of Kohl’s from $27.00 to $24.00 and set a “sell” rating on the stock in a research note on Thursday, March 2nd. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Kohl’s currently has an average rating of “Hold” and a consensus price target of $28.56.

Insider Buying and Selling

In related news, CEO Thomas Kingsbury bought 92,500 shares of the business’s stock in a transaction on Wednesday, March 29th. The stock was acquired at an average price of $21.82 per share, for a total transaction of $2,018,350.00. Following the purchase, the chief executive officer now directly owns 228,993 shares in the company, valued at $4,996,627.26. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is currently owned by insiders.

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.