Seeyond Cuts Stock Position in Kohl’s Co. (NYSE:KSS)

Seeyond lessened its position in Kohl’s Co. (NYSE:KSS) by 9.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,764 shares of the company’s stock after selling 1,870 shares during the quarter. Seeyond’s holdings in Kohl’s were worth $845,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KSS. JPMorgan Chase & Co. grew its stake in Kohl’s by 13.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,977,774 shares of the company’s stock worth $373,520,000 after purchasing an additional 949,985 shares in the last quarter. Miller Howard Investments Inc. NY acquired a new position in Kohl’s during the 2nd quarter worth $39,387,000. USS Investment Management Ltd acquired a new position in Kohl’s during the 2nd quarter worth $18,694,000. Delek Group Ltd. acquired a new position in shares of Kohl’s during the 1st quarter worth about $15,344,000. Finally, Geode Capital Management LLC boosted its position in shares of Kohl’s by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 2,939,284 shares of the company’s stock worth $194,900,000 after acquiring an additional 177,898 shares in the last quarter. 97.64% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on KSS shares. Citigroup lowered their price objective on Kohl’s from $71.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, May 22nd. Wedbush reaffirmed a “neutral” rating and set a $48.00 price objective (down from $58.00) on shares of Kohl’s in a research report on Thursday, August 15th. Zacks Investment Research cut Kohl’s from a “hold” rating to a “sell” rating and set a $50.00 price objective for the company. in a research report on Thursday, August 22nd. TheStreet cut Kohl’s from a “b-” rating to a “c+” rating in a research report on Tuesday, June 18th. Finally, OTR Global cut Kohl’s to a “positive” rating in a research report on Friday, August 2nd. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. Kohl’s has a consensus rating of “Hold” and an average target price of $60.06.

Shares of NYSE KSS traded up $0.90 during trading hours on Friday, reaching $53.26. The stock had a trading volume of 153,621 shares, compared to its average volume of 5,029,455. The firm has a market cap of $8.13 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 0.98 and a beta of 1.01. The company has a current ratio of 1.65, a quick ratio of 0.36 and a debt-to-equity ratio of 1.06. Kohl’s Co. has a fifty-two week low of $43.33 and a fifty-two week high of $83.28. The firm has a 50-day moving average of $48.58 and a 200-day moving average of $57.37.

Kohl’s (NYSE:KSS) last announced its earnings results on Tuesday, August 20th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.04. The firm had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.25 billion. Kohl’s had a return on equity of 15.94% and a net margin of 3.69%. The business’s revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.76 EPS. On average, equities analysts predict that Kohl’s Co. will post 5.23 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th will be given a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 5.03%. Kohl’s’s dividend payout ratio (DPR) is presently 47.86%.

Kohl’s Profile

Kohl's Corporation operates as an omni-channel retailer in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. As of February 3, 2018, it operated 1,158 department stores; a Website; and 12 FILA outlets, and 4 Off-Aisle clearance centers.

Further Reading: Neutral Rating

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

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