International Assets Investment Management LLC Trims Stake in Kohl's Co. (NYSE:KSS)

International Assets Investment Management LLC trimmed its holdings in shares of Kohl's Co. (NYSE:KSS - Free Report) by 50.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 271,675 shares of the company's stock after selling 274,395 shares during the period. International Assets Investment Management LLC owned 0.24% of Kohl's worth $3,814,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Brown Brothers Harriman & Co. raised its position in shares of 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 acquiring an additional 917 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Kohl's by 117.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company's stock valued at $40,000 after acquiring an additional 1,034 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new position in shares of Kohl's during the second quarter worth about $49,000. Quest Partners LLC acquired a new position in Kohl's during the 3rd quarter worth approximately $60,000. Finally, Blue Trust Inc. grew its position in Kohl's by 1,756.0% in the third quarter. Blue Trust Inc. now owns 3,842 shares of the company's stock valued at $88,000 after purchasing an additional 3,635 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kohl's

In other Kohl's news, EVP Feeney Siobhan Mc sold 3,827 shares of the stock in a transaction 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 directly owns 133,091 shares of the company's stock, valued at approximately $1,869,928.55. This represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.86% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KSS. Citigroup lowered their target price on Kohl's from $18.00 to $14.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 27th. Baird R W lowered Kohl's from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Robert W. Baird downgraded Kohl's from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $25.00 to $18.00 in a report on Wednesday, November 27th. TD Cowen decreased their target price on shares of Kohl's from $20.00 to $16.00 and set a "hold" rating for the company in a research note on Wednesday, November 27th. Finally, Telsey Advisory Group dropped their price target on shares of Kohl's from $23.00 to $17.00 and set a "market perform" rating on the stock in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $17.22.

Kohl's Price Performance

NYSE KSS traded down $0.35 on Wednesday, hitting $13.47. 7,237,594 shares of the company's stock were exchanged, compared to its average volume of 6,961,738. The stock has a 50-day moving average of $15.81 and a 200-day moving average of $18.77. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 6.07, a P/E/G ratio of 1.38 and a beta of 1.87. Kohl's Co. has a 52 week low of $13.26 and a 52 week high of $29.60. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97.

Kohl's (NYSE:KSS - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.64 billion. Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The company's quarterly revenue was down 8.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 earnings per share. Analysts expect that Kohl's Co. will post 1.3 earnings per share for the current year.

Kohl's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, December 11th. This represents a $2.00 annualized dividend and a yield of 14.85%. Kohl's's payout ratio is currently 90.09%.

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.