Blueshift Asset Management LLC Sells 57,875 Shares of Kohl's Co. (NYSE:KSS)

Blueshift Asset Management LLC trimmed its stake in Kohl's Co. (NYSE:KSS - Free Report) by 61.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,010 shares of the company's stock after selling 57,875 shares during the quarter. Blueshift Asset Management LLC's holdings in Kohl's were worth $506,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Platinum Investment Management Ltd. raised its holdings in shares of Kohl's by 30.7% in the 4th quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company's stock valued at $86,000 after purchasing an additional 1,436 shares during the period. Advisors Asset Management Inc. increased its position in Kohl's by 12.3% during the fourth quarter. Advisors Asset Management Inc. now owns 567,194 shares of the company's stock worth $7,963,000 after buying an additional 62,247 shares during the last quarter. Ironwood Investment Management LLC raised its stake in Kohl's by 15.2% in the fourth quarter. Ironwood Investment Management LLC now owns 100,000 shares of the company's stock valued at $1,404,000 after buying an additional 13,200 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of Kohl's by 117.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 467,030 shares of the company's stock valued at $6,557,000 after buying an additional 252,006 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of Kohl's by 0.7% during the 4th quarter. Swiss National Bank now owns 218,800 shares of the company's stock worth $3,072,000 after acquiring an additional 1,600 shares during the period. Institutional investors and hedge funds own 98.04% of the company's stock.

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Kohl's Price Performance

Shares of NYSE KSS traded down $0.28 during mid-day trading on Tuesday, reaching $9.12. The company had a trading volume of 12,099,331 shares, compared to its average volume of 7,603,439. Kohl's Co. has a one year low of $7.96 and a one year high of $29.60. The business's 50-day simple moving average is $11.63 and its 200 day simple moving average is $15.28. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 4.11 and a beta of 1.92.

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

Kohl's Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, March 21st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.48%. Kohl's's dividend payout ratio (DPR) is presently 51.02%.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Baird R W cut Kohl's from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 27th. UBS Group reduced their target price on shares of 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 shares of Kohl's from a "buy" rating to a "neutral" rating in a research report on Monday, December 2nd. Citigroup lowered their target price on Kohl's from $11.00 to $8.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Finally, Morgan Stanley reduced their price target on Kohl's from $10.00 to $8.00 and set an "underweight" rating for the company in a research note on Wednesday, March 12th. Six investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. According to data from MarketBeat.com, Kohl's presently has a consensus rating of "Hold" and a consensus target price of $12.10.

Kohl's Company 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.