Kohl's Co. (NYSE:KSS) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its stake in shares of Kohl's Co. (NYSE:KSS - Free Report) by 44.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 917,061 shares of the company's stock after selling 731,023 shares during the quarter. Bank of New York Mellon Corp owned about 0.82% of Kohl's worth $12,876,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of KSS. Brown Brothers Harriman & Co. increased its position in shares of Kohl's by 183.8% in 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 period. Farther Finance Advisors LLC grew its stake 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 purchasing an additional 1,034 shares during the last quarter. Bogart Wealth LLC acquired a new position in shares of Kohl's in the fourth quarter valued at about $35,000. Quest Partners LLC purchased a new position in shares of Kohl's in the third quarter worth about $60,000. Finally, Quarry LP raised its stake in shares of Kohl's by 687.4% in the third quarter. Quarry LP now owns 4,858 shares of the company's stock worth $103,000 after purchasing an additional 4,241 shares during the last quarter. Institutional investors and hedge funds own 98.04% of the company's stock.

Analyst Ratings Changes

KSS has been the topic of a number of recent research reports. Gordon Haskett lowered Kohl's from a "hold" rating to a "reduce" rating and set a $11.00 target price on the stock. in a research report on Tuesday, November 26th. TD Cowen dropped their price objective on shares of Kohl's from $20.00 to $16.00 and set a "hold" rating on the stock in a report on Wednesday, November 27th. Citigroup reduced their target price on shares of Kohl's from $18.00 to $14.00 and set a "neutral" rating for the company in a report on Wednesday, November 27th. Guggenheim downgraded shares of Kohl's from a "buy" rating to a "neutral" rating in a research report on Monday, December 2nd. Finally, UBS Group cut their price target on Kohl's from $10.00 to $5.00 and set a "sell" rating on the stock in a research report on Wednesday. Six equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $12.56.

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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 dated Friday, January 3rd. The stock was sold at an average price of $14.05, for a total value of $53,769.35. Following the sale, the executive vice president now directly owns 133,091 shares in the company, valued at approximately $1,869,928.55. The trade was a 2.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.86% of the stock is currently owned by company insiders.

Kohl's Trading Down 6.5 %

KSS stock opened at $8.56 on Thursday. Kohl's Co. has a 52-week low of $8.28 and a 52-week high of $29.60. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The firm has a market cap of $952.33 million, a P/E ratio of 3.85 and a beta of 1.92. The company's 50-day simple moving average is $12.47 and its 200-day simple moving average is $15.95.

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. As a group, equities analysts forecast that Kohl's Co. will post 1.3 EPS for the current fiscal 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 issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 5.84%. The ex-dividend date is Friday, March 21st. Kohl's's payout ratio is presently 90.09%.

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.

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