Kohl's Co. (NYSE:KSS) Shares Sold by Greatmark Investment Partners Inc.

Greatmark Investment Partners Inc. reduced its holdings in shares of Kohl's Co. (NYSE:KSS - Free Report) by 69.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,570 shares of the company's stock after selling 61,719 shares during the period. Greatmark Investment Partners Inc.'s holdings in Kohl's were worth $387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in KSS. SBI Securities Co. Ltd. acquired a new position in Kohl's during the 4th quarter valued at about $26,000. Brown Brothers Harriman & Co. increased its position in Kohl's by 183.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company's stock valued at $30,000 after buying an additional 917 shares in the last quarter. Bogart Wealth LLC acquired a new position in Kohl's during the 4th quarter valued at about $35,000. Farther Finance Advisors LLC increased its position in Kohl's by 117.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company's stock valued at $40,000 after buying an additional 1,034 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in Kohl's during the 3rd quarter valued at about $60,000. 98.04% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kohl's

In other Kohl's news, EVP Feeney Siobhan Mc sold 3,827 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was 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 represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.86% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on KSS shares. UBS Group cut their price objective on Kohl's from $10.00 to $5.00 and set a "sell" rating on the stock in a report on Wednesday, March 12th. Bank of America cut their price objective on Kohl's from $15.00 to $8.00 and set an "underperform" rating on the stock in a report on Wednesday, March 12th. Jefferies Financial Group cut their price objective on Kohl's from $15.00 to $12.00 and set a "hold" rating on the stock in a report on Tuesday, February 4th. Guggenheim lowered Kohl's from a "buy" rating to a "neutral" rating in a report on Monday, December 2nd. Finally, Morgan Stanley cut their price objective on Kohl's from $10.00 to $8.00 and set an "underweight" rating on the stock in a report on Wednesday, March 12th. Six equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $12.10.

Kohl's Price Performance

KSS stock traded up $0.36 during mid-day trading on Wednesday, reaching $8.69. 12,077,943 shares of the company's stock were exchanged, compared to its average volume of 7,493,613. The company has a market cap of $966.91 million, a price-to-earnings ratio of 3.91 and a beta of 1.92. The stock's 50 day moving average is $12.01 and its 200 day moving average is $15.60. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. Kohl's Co. has a 12-month low of $7.96 and a 12-month high of $29.60.

Kohl's (NYSE:KSS - Get Free Report) last issued its quarterly 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. The company had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.25 billion. Kohl's had a return on equity of 6.44% and a net margin of 1.47%. Kohl's's revenue for the quarter was down 9.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.67 earnings per share. On average, research analysts expect that Kohl's Co. will post 1.3 EPS for the current year.

Kohl's Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be given 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 yield of 5.76%. Kohl's's dividend payout ratio is currently 51.02%.

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.