Advisors Asset Management Inc. Increases Holdings in Kohl's Co. (NYSE:KSS)

Advisors Asset Management Inc. grew its holdings in Kohl's Co. (NYSE:KSS - Free Report) by 12.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 567,194 shares of the company's stock after buying an additional 62,247 shares during the quarter. Advisors Asset Management Inc. owned about 0.51% of Kohl's worth $7,963,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Brown Brothers Harriman & Co. raised its position in Kohl's by 183.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company's stock worth $30,000 after acquiring an additional 917 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Kohl's in the 4th quarter valued at about $26,000. Bogart Wealth LLC purchased a new position in shares of Kohl's in the 4th quarter valued at about $35,000. Quest Partners LLC acquired a new stake in shares of Kohl's in the third quarter valued at about $60,000. Finally, Quarry LP boosted its holdings in Kohl's by 687.4% during the third quarter. Quarry LP now owns 4,858 shares of the company's stock worth $103,000 after buying an additional 4,241 shares in the last quarter. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Kohl's Trading Down 2.8 %

NYSE KSS traded down $0.24 during mid-day trading on Friday, reaching $8.31. 14,331,781 shares of the stock were exchanged, compared to its average volume of 7,567,572. The business's fifty day simple moving average is $11.71 and its 200 day simple moving average is $15.39. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. The stock has a market capitalization of $924.50 million, a PE ratio of 3.74 and a beta of 1.92. Kohl's Co. has a 1-year low of $7.96 and a 1-year high of $29.60.

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

Kohl's Cuts Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.50 dividend on an annualized basis and a yield of 6.02%. Kohl's's payout ratio is 51.02%.

Insider Buying and Selling

In other Kohl's news, EVP Feeney Siobhan Mc sold 3,827 shares of the business's stock in a transaction dated 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 sale, the executive vice president now owns 133,091 shares of the company's stock, valued at approximately $1,869,928.55. The trade was a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.86% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on KSS shares. Baird R W downgraded shares of Kohl's from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Gordon Haskett cut 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. Telsey Advisory Group reissued a "market perform" rating and issued a $13.00 target price on shares of Kohl's in a report on Tuesday, March 11th. Citigroup cut their price target on Kohl's from $11.00 to $8.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Finally, Bank of America lowered their price objective on shares of Kohl's from $15.00 to $8.00 and set an "underperform" rating on the stock in a research note on Wednesday, March 12th. Six analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat.com, Kohl's has an average rating of "Hold" and an average target price of $12.10.

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.