Kohl's Co. (NYSE:KSS) Stake Trimmed by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in Kohl's Co. (NYSE:KSS - Free Report) by 33.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 566,019 shares of the company's stock after selling 289,070 shares during the period. SG Americas Securities LLC owned 0.51% of Kohl's worth $11,943,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Algert Global LLC acquired a new stake in shares of Kohl's in the 2nd quarter valued at about $694,000. Texas Capital Bank Wealth Management Services Inc lifted its holdings in Kohl's by 100.0% during the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 80,000 shares of the company's stock worth $1,839,000 after buying an additional 40,000 shares during the last quarter. Susquehanna Fundamental Investments LLC grew its position in shares of Kohl's by 1,422.5% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 239,028 shares of the company's stock worth $5,495,000 after acquiring an additional 223,328 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Kohl's by 0.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 234,659 shares of the company's stock valued at $5,395,000 after acquiring an additional 1,079 shares during the last quarter. Finally, Deerfield Management Company L.P. Series C raised its position in shares of Kohl's by 83.9% during the 2nd quarter. Deerfield Management Company L.P. Series C now owns 30,166 shares of the company's stock valued at $694,000 after acquiring an additional 13,761 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the firm's stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total transaction of $315,392.09. Following the completion of the sale, the executive vice president now directly owns 136,799 shares in the company, valued at approximately $2,636,116.73. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.86% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on KSS. Morgan Stanley downgraded shares of Kohl's to an "underweight" rating and decreased their price objective for the stock from $18.00 to $17.00 in a report on Tuesday, August 27th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $23.00 price objective on shares of Kohl's in a research report on Wednesday, August 28th. JPMorgan Chase & Co. cut shares of Kohl's from a "neutral" rating to an "underweight" rating and set a $19.00 target price on the stock. in a report on Thursday, August 29th. Robert W. Baird dropped their price target on Kohl's from $27.00 to $25.00 and set an "outperform" rating on the stock in a research report on Thursday, August 29th. Finally, Evercore ISI cut their price target on Kohl's from $22.00 to $20.00 and set an "in-line" rating on the stock in a report on Thursday, August 29th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $21.29.

Kohl's Price Performance

Shares of NYSE:KSS traded up $0.17 during trading on Friday, reaching $19.62. The company had a trading volume of 4,400,318 shares, compared to its average volume of 6,009,313. Kohl's Co. has a twelve month low of $17.68 and a twelve month high of $29.60. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.16 and a current ratio of 1.08. The firm has a market capitalization of $2.18 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 1.32 and a beta of 1.93. The firm's fifty day moving average is $19.84 and its 200 day moving average is $22.47.

Kohl's (NYSE:KSS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.13. Kohl's had a return on equity of 7.43% and a net margin of 1.66%. The firm had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same period last year, the company posted $0.52 EPS. The firm's quarterly revenue was down 4.2% on a year-over-year basis. On average, equities analysts forecast that Kohl's Co. will post 1.8 EPS for the current year.

Kohl's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were paid a $0.50 dividend. The ex-dividend date was Wednesday, September 11th. This represents a $2.00 annualized dividend and a dividend yield of 10.19%. Kohl's's dividend payout ratio is currently 80.65%.

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.