Sei Investments Co. Has $1.36 Million Position in Kohl's Co. (NYSE:KSS)

Sei Investments Co. lowered its position in Kohl's Co. (NYSE:KSS - Free Report) by 46.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,544 shares of the company's stock after selling 82,935 shares during the period. Sei Investments Co. owned about 0.09% of Kohl's worth $1,355,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. increased its holdings in shares of Kohl's by 11.7% in 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 in the last quarter. Allianz Asset Management GmbH increased its stake in Kohl's by 3.3% during the 4th quarter. Allianz Asset Management GmbH now owns 3,646,011 shares of the company's stock worth $51,190,000 after purchasing an additional 117,819 shares in the last quarter. Geode Capital Management LLC increased 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 worth $38,541,000 after purchasing an additional 91,608 shares in the last quarter. Charles Schwab Investment Management Inc. raised 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 buying an additional 55,540 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Kohl's by 155.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 943,415 shares of the company's stock valued at $13,246,000 after buying an additional 573,579 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Bank of America lowered their target price on Kohl's from $15.00 to $8.00 and set an "underperform" rating for the company in a report on Wednesday, March 12th. Robert W. Baird decreased their price target on shares of Kohl's from $18.00 to $11.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. Jefferies Financial Group cut their price objective 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. Citigroup reduced their target price on shares of Kohl's from $11.00 to $8.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Finally, UBS Group cut their price target 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. Six investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $11.87.

Kohl's Stock Performance

Kohl's stock traded down $0.12 during midday trading on Friday, reaching $6.73. 10,930,163 shares of the company's stock were exchanged, compared to its average volume of 8,251,721. 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's 50-day simple moving average is $9.85 and its 200 day simple moving average is $14.04. The firm has a market cap of $748.65 million, a price-to-earnings ratio of 3.03 and a beta of 1.65. Kohl's Co. has a 52 week low of $6.04 and a 52 week high of $28.25.

Kohl's (NYSE:KSS - Get Free Report) last issued its earnings results on Tuesday, March 11th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.72 by $0.23. Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The company had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.25 billion. During the same period in the previous year, the company posted $1.67 EPS. The firm's revenue for the quarter was down 9.4% compared to the same quarter last year. On average, analysts expect 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 was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 7.43%. The ex-dividend date of this dividend was Friday, March 21st. Kohl's's dividend payout ratio is presently 51.02%.

Kohl's Company Profile

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.