Amundi Sells 395,593 Shares of Kohl's Co. (NYSE:KSS)

Amundi lessened its position in shares of Kohl's Co. (NYSE:KSS - Free Report) by 87.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,858 shares of the company's stock after selling 395,593 shares during the period. Amundi owned approximately 0.05% of Kohl's worth $767,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. increased its position in Kohl's by 149.3% during the third quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company's stock worth $349,671,000 after acquiring an additional 9,925,878 shares during the period. FMR LLC grew its position in shares of Kohl's by 10.8% during the 3rd quarter. FMR LLC now owns 7,576,274 shares of the company's stock worth $159,859,000 after purchasing an additional 740,398 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Kohl's by 3.3% during the fourth quarter. Allianz Asset Management GmbH now owns 3,646,011 shares of the company's stock worth $51,190,000 after purchasing an additional 117,819 shares during the period. Geode Capital Management LLC raised its position in shares of Kohl's by 5.3% in the third quarter. Geode Capital Management LLC now owns 1,826,101 shares of the company's stock valued at $38,541,000 after buying an additional 91,608 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Kohl's by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,771,546 shares of the company's stock valued at $24,873,000 after buying an additional 55,540 shares during the period. Institutional investors and hedge funds own 98.04% of the company's stock.

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Insider Buying and Selling at Kohl's

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of Kohl's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $14.05, for a total transaction of $53,769.35. Following the completion of the transaction, the executive vice president now owns 133,091 shares of the company's stock, valued at $1,869,928.55. This trade represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. UBS Group dropped their price objective on Kohl's from $10.00 to $5.00 and set a "sell" rating for the company in a report on Wednesday, March 12th. Guggenheim downgraded Kohl's from a "buy" rating to a "neutral" rating in a research note on Monday, December 2nd. JPMorgan Chase & Co. reduced their price objective on shares of Kohl's from $11.00 to $9.00 and set an "underweight" rating on the stock in a research note on Tuesday, March 11th. The Goldman Sachs Group dropped their target price on shares of Kohl's from $13.00 to $11.25 and set a "sell" rating for the company in a research report on Tuesday, March 4th. Finally, Jefferies Financial Group reduced their price target on shares of Kohl's from $15.00 to $12.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Six equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $12.10.

Kohl's Price Performance

Shares of NYSE:KSS traded down $0.24 during trading on Friday, hitting $8.31. 14,331,781 shares of the company were exchanged, compared to its average volume of 7,567,572. Kohl's Co. has a 1-year low of $7.96 and a 1-year high of $29.60. The company has a market capitalization of $924.50 million, a P/E ratio of 3.74 and a beta of 1.92. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The business's 50 day moving average is $11.71 and its 200-day moving average is $15.39.

Kohl's (NYSE:KSS - Get Free Report) last issued its earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.23. Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The business had revenue of $5.18 billion during the quarter, compared to analysts' expectations of $5.25 billion. During the same quarter in the prior year, the firm earned $1.67 EPS. The business's revenue for the quarter was down 9.4% compared to the same quarter last year. Equities analysts forecast that Kohl's Co. will post 1.3 earnings per share for the current year.

Kohl's Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 6.02%. The ex-dividend date is Friday, March 21st. Kohl's's payout ratio is presently 51.02%.

Kohl's Profile

Kohl's Corporation operates as an omnichannel retailer 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 Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.