Kohl's Co. (NYSE:KSS) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp cut its position in Kohl's Co. (NYSE:KSS - Free Report) by 77.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,790 shares of the company's stock after selling 50,534 shares during the period. Hancock Whitney Corp's holdings in Kohl's were worth $312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in KSS. Pacer Advisors Inc. grew its stake in Kohl's by 149.3% during the 3rd quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company's stock valued at $349,671,000 after acquiring an additional 9,925,878 shares in the last quarter. Squarepoint Ops LLC lifted its stake in Kohl's by 6,076.8% in the 2nd quarter. Squarepoint Ops LLC now owns 1,834,509 shares of the company's stock worth $42,175,000 after purchasing an additional 1,804,809 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Kohl's by 348.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company's stock worth $50,118,000 after purchasing an additional 1,694,162 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Kohl's by 518.9% in the second quarter. SG Americas Securities LLC now owns 855,089 shares of the company's stock valued at $19,658,000 after purchasing an additional 716,919 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Kohl's by 26.3% in the second quarter. American Century Companies Inc. now owns 3,093,773 shares of the company's stock valued at $71,126,000 after purchasing an additional 643,913 shares during the last quarter. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Kohl's

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

Kohl's Trading Down 3.1 %

Shares of KSS traded down $0.47 during trading on Thursday, reaching $14.75. 22,908,475 shares of the company traded hands, compared to its average volume of 6,415,452. The stock has a 50-day simple moving average of $18.78 and a 200-day simple moving average of $20.73. The stock has a market cap of $1.64 billion, a PE ratio of 5.78, a price-to-earnings-growth ratio of 1.30 and a beta of 1.94. Kohl's Co. has a twelve month low of $14.22 and a twelve 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.

Kohl's (NYSE:KSS - Get Free Report) last posted its earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.08). Kohl's had a net margin of 1.66% and a return on equity of 7.43%. The company had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter last year, the business posted $0.53 EPS. The firm's revenue for the quarter was down 8.5% on a year-over-year basis. On average, analysts anticipate that Kohl's Co. will post 1.77 earnings per share for the current year.

Kohl's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 13.56%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl's's payout ratio is 78.43%.

Analyst Ratings Changes

A number of research firms have weighed in on KSS. Evercore ISI lowered their price objective on Kohl's from $22.00 to $20.00 and set an "in-line" rating on the stock in a research note on Thursday, August 29th. Morgan Stanley reduced their price target on Kohl's from $17.00 to $15.00 and set an "underweight" rating on the stock in a report on Monday. TD Cowen dropped their price objective on shares of Kohl's from $20.00 to $16.00 and set a "hold" rating for the company in a report on Wednesday. Gordon Haskett downgraded shares of Kohl's from a "hold" rating to a "reduce" rating and set a $11.00 target price on the stock. in a research note on Tuesday. Finally, Telsey Advisory Group decreased their target price on shares of Kohl's from $23.00 to $17.00 and set a "market perform" rating on the stock in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Kohl's has an average rating of "Hold" and an average target price of $17.22.

About Kohl's

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.