Commonwealth Equity Services LLC Acquires 252,006 Shares of Kohl's Co. (NYSE:KSS)

Commonwealth Equity Services LLC boosted its position in Kohl's Co. (NYSE:KSS - Free Report) by 117.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 467,030 shares of the company's stock after acquiring an additional 252,006 shares during the quarter. Commonwealth Equity Services LLC owned 0.42% of Kohl's worth $6,557,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Kohl's by 10.8% during the third quarter. FMR LLC now owns 7,576,274 shares of the company's stock worth $159,859,000 after purchasing an additional 740,398 shares during the period. Allianz Asset Management GmbH lifted its stake in shares of Kohl's by 3.3% in the fourth quarter. Allianz Asset Management GmbH now owns 3,646,011 shares of the company's stock worth $51,190,000 after acquiring an additional 117,819 shares during the period. Geode Capital Management LLC boosted its holdings in Kohl's by 5.3% in the third quarter. Geode Capital Management LLC now owns 1,826,101 shares of the company's stock valued at $38,541,000 after acquiring an additional 91,608 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Kohl's by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,771,546 shares of the company's stock worth $24,873,000 after purchasing an additional 55,540 shares during the period. Finally, Invenomic Capital Management LP boosted its stake in shares of Kohl's by 15.6% in the 3rd quarter. Invenomic Capital Management LP now owns 1,033,912 shares of the company's stock valued at $21,816,000 after purchasing an additional 139,519 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of Kohl's stock in a transaction on Friday, January 3rd. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.86% of the company's stock.

Wall Street Analyst Weigh In

KSS has been the topic of a number of research analyst reports. Citigroup cut their price target on shares of Kohl's from $11.00 to $8.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. JPMorgan Chase & Co. reduced their price target on shares of Kohl's from $11.00 to $9.00 and set an "underweight" rating for the company in a research report on Tuesday, March 11th. Guggenheim downgraded shares of Kohl's from a "buy" rating to a "neutral" rating in a report on Monday, December 2nd. Jefferies Financial Group lowered their price target on shares of Kohl's from $15.00 to $12.00 and set a "hold" rating on the stock in a report on Tuesday, February 4th. Finally, Gordon Haskett lowered Kohl's from a "hold" rating to a "reduce" rating and set a $11.00 target price for the company. in a report on Tuesday, November 26th. Six investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat, Kohl's has a consensus rating of "Hold" and an average target price of $12.10.

Kohl's Price Performance

NYSE KSS traded down $0.21 on Wednesday, reaching $8.94. 9,908,124 shares of the company's stock traded hands, compared to its average volume of 7,630,062. The stock has a market cap of $995.63 million, a PE ratio of 4.03 and a beta of 1.92. 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. The stock has a 50-day simple moving average of $11.56 and a 200 day simple moving average of $15.20.

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

Kohl's Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors 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 annualized dividend and a yield of 5.59%. Kohl's's payout ratio is 51.02%.

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.