LSV Asset Management Trims Stake in Kohl's Co. (NYSE:KSS)

LSV Asset Management lowered its holdings in Kohl's Co. (NYSE:KSS - Free Report) by 11.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,181,599 shares of the company's stock after selling 421,600 shares during the quarter. LSV Asset Management owned 2.86% of Kohl's worth $44,670,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of KSS. American Century Companies Inc. increased its position in shares of Kohl's by 11.7% during the fourth quarter. American Century Companies Inc. now owns 4,134,298 shares of the company's stock worth $58,046,000 after acquiring an additional 433,264 shares during the period. Allianz Asset Management GmbH raised its position in Kohl's by 3.3% in the 4th quarter. Allianz Asset Management GmbH now owns 3,646,011 shares of the company's stock valued at $51,190,000 after purchasing an additional 117,819 shares in the last quarter. Invesco Ltd. increased its stake in shares of Kohl's by 1.6% during the fourth quarter. Invesco Ltd. now owns 2,292,746 shares of the company's stock worth $32,190,000 after buying an additional 36,622 shares during the period. Geode Capital Management LLC raised 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Kohl's by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,771,546 shares of the company's stock worth $24,873,000 after acquiring an additional 55,540 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Kohl's from $9.00 to $7.00 and set an "underweight" rating for the company in a report on Monday. Robert W. Baird cut their price target on Kohl's from $18.00 to $11.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. UBS Group lowered their target price on shares of Kohl's from $10.00 to $5.00 and set a "sell" rating on the stock in a research report on Wednesday, March 12th. Bank of America decreased their price target on shares of Kohl's from $15.00 to $8.00 and set an "underperform" rating for the company in a research note on Wednesday, March 12th. Finally, The Goldman Sachs Group reduced their target price on shares of Kohl's from $13.00 to $11.25 and set a "sell" rating for the company in a report on Tuesday, March 4th. Six analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $11.71.

Kohl's Price Performance

Shares of NYSE:KSS traded up $0.13 on Thursday, reaching $6.26. 4,128,264 shares of the company were exchanged, compared to its average volume of 8,286,901. 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 Co. has a 1-year low of $6.04 and a 1-year high of $28.25. The company has a 50-day moving average of $9.47 and a 200-day moving average of $13.79. The firm has a market cap of $696.33 million, a price-to-earnings ratio of 2.83 and a beta of 1.65.

Kohl's (NYSE:KSS - Get Free Report) last issued its earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.23. Kohl's had a net margin of 1.47% and a return on equity of 6.44%. The company had revenue of $5.18 billion during the quarter, compared to analysts' expectations of $5.25 billion. During the same period last year, the company posted $1.67 earnings per share. The firm's quarterly revenue was down 9.4% compared to the same quarter last year. Equities analysts forecast that Kohl's Co. will post 1.3 earnings per share for the current fiscal year.

Kohl's Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 7.99%. The ex-dividend date of this dividend was Friday, March 21st. Kohl's's dividend payout ratio is currently 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.