Janney Montgomery Scott LLC Reduces Holdings in Kohl's Co. (NYSE:KSS)

Janney Montgomery Scott LLC lowered its position in Kohl's Co. (NYSE:KSS - Free Report) by 65.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 51,509 shares of the company's stock after selling 98,508 shares during the period. Janney Montgomery Scott LLC's holdings in Kohl's were worth $723,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of KSS. Pacer Advisors Inc. grew its position in Kohl's by 149.3% during the 3rd quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company's stock worth $349,671,000 after purchasing an additional 9,925,878 shares during the last quarter. FMR LLC increased its position in Kohl's by 10.8% in the 3rd quarter. FMR LLC now owns 7,576,274 shares of the company's stock valued at $159,859,000 after acquiring an additional 740,398 shares during the period. Geode Capital Management LLC raised its stake in Kohl's by 5.3% during the 3rd 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 Kohl's by 6.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,716,006 shares of the company's stock worth $36,208,000 after acquiring an additional 101,480 shares during the period. Finally, Invenomic Capital Management LP grew 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. Hedge funds and other institutional investors own 98.04% of the company's stock.

Insider Buying and Selling

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the company'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 completion of the transaction, the executive vice president now owns 133,091 shares of the company's stock, valued at approximately $1,869,928.55. This represents a 2.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.86% of the stock is owned by company insiders.

Kohl's Trading Down 0.2 %

NYSE KSS traded down $0.02 on Tuesday, reaching $11.79. The company had a trading volume of 7,346,557 shares, compared to its average volume of 7,167,224. The business has a 50 day moving average of $13.81 and a two-hundred day moving average of $17.25. Kohl's Co. has a fifty-two week low of $11.67 and a fifty-two week high of $29.60. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 5.31 and a beta of 1.85. 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 (NYSE:KSS - Get Free Report) last released its quarterly earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.08). The company had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.64 billion. Kohl's had a net margin of 1.47% and a return on equity of 6.44%. Kohl's's revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. Analysts forecast that Kohl's Co. will post 1.3 EPS for the current year.

Kohl's Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 16.97%. The ex-dividend date was Wednesday, December 11th. Kohl's's payout ratio is 90.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on KSS shares. Telsey Advisory Group lowered their price target on Kohl's from $23.00 to $17.00 and set a "market perform" rating on the stock in a report on Wednesday, November 27th. Robert W. Baird lowered shares of Kohl's from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $25.00 to $18.00 in a research report on Wednesday, November 27th. TD Cowen decreased 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, November 27th. Gordon Haskett lowered Kohl's from a "hold" rating to a "reduce" rating and set a $11.00 price objective for the company. in a report on Tuesday, November 26th. Finally, Jefferies Financial Group dropped their price target on shares of Kohl's from $15.00 to $12.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Three research analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. According to MarketBeat.com, Kohl's presently has an average rating of "Hold" and an average price target of $16.70.

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.