Connor Clark & Lunn Investment Management Ltd. Sells 47,550 Shares of Kohl's Co. (NYSE:KSS)

Connor Clark & Lunn Investment Management Ltd. lessened its holdings in Kohl's Co. (NYSE:KSS - Free Report) by 11.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 369,836 shares of the company's stock after selling 47,550 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.33% of Kohl's worth $7,804,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Security National Bank bought a new position in shares of Kohl's during the 2nd quarter valued at about $34,000. Farther Finance Advisors LLC raised its stake in shares of Kohl's by 117.5% during the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company's stock worth $40,000 after acquiring an additional 1,034 shares in the last quarter. CWM LLC grew its holdings in shares of Kohl's by 97.1% during the 2nd quarter. CWM LLC now owns 1,924 shares of the company's stock valued at $44,000 after purchasing an additional 948 shares during the last quarter. Abich Financial Wealth Management LLC bought a new position in shares of Kohl's during the 2nd quarter valued at $49,000. Finally, Summit Securities Group LLC lifted its stake in Kohl's by 50.0% in the second quarter. Summit Securities Group LLC now owns 2,400 shares of the company's stock worth $55,000 after purchasing an additional 800 shares during the last quarter. Institutional investors own 98.04% of the company's stock.

Kohl's Trading Up 3.8 %

Shares of KSS traded up $0.63 during trading hours on Friday, reaching $17.03. 10,315,084 shares of the company traded hands, compared to its average volume of 6,943,528. Kohl's Co. has a 12 month low of $16.12 and a 12 month high of $29.60. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98. The company's fifty day moving average price is $18.94 and its two-hundred day moving average price is $20.91. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 6.68, a price-to-earnings-growth ratio of 1.16 and a beta of 1.94.

Kohl's (NYSE:KSS - Get Free Report) last announced its earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.13. The firm had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.69 billion. Kohl's had a return on equity of 7.43% and a net margin of 1.66%. The business's revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.52 EPS. Equities research analysts predict that Kohl's Co. will post 1.77 earnings per share for the current fiscal year.

Kohl's Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a yield of 11.74%. Kohl's's dividend payout ratio (DPR) is currently 78.43%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KSS. Robert W. Baird decreased their price objective on Kohl's from $27.00 to $25.00 and set an "outperform" rating on the stock in a report on Thursday, August 29th. Evercore ISI lowered their price objective on Kohl's from $22.00 to $20.00 and set an "in-line" rating for the company in a research report on Thursday, August 29th. TD Cowen cut shares of Kohl's from a "buy" rating to a "hold" rating and cut their target price for the stock from $25.00 to $21.00 in a report on Friday, August 30th. Telsey Advisory Group reissued a "market perform" rating and issued a $23.00 price target on shares of Kohl's in a report on Wednesday, August 28th. Finally, Morgan Stanley cut shares of Kohl's to an "underweight" rating and decreased their price objective for the company from $18.00 to $17.00 in a research report on Tuesday, August 27th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $20.43.

Insider Buying and Selling

In other Kohl's news, EVP Feeney Siobhan Mc sold 16,367 shares of Kohl's stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total transaction of $315,392.09. Following the completion of the transaction, the executive vice president now owns 136,799 shares in the company, valued at approximately $2,636,116.73. The trade was a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.86% of the stock is currently owned by insiders.

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.