State Street Corp Sells 375,788 Shares of Kohl's Co. (NYSE:KSS)

State Street Corp lessened its holdings in shares of Kohl's Co. (NYSE:KSS - Free Report) by 8.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,176,694 shares of the company's stock after selling 375,788 shares during the period. State Street Corp owned 3.75% of Kohl's worth $88,128,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in shares of Kohl's by 14.1% in the third quarter. Signaturefd LLC now owns 3,965 shares of the company's stock worth $84,000 after buying an additional 491 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Kohl's by 2.0% during the second quarter. Arizona State Retirement System now owns 31,049 shares of the company's stock worth $714,000 after acquiring an additional 623 shares during the period. Insight Folios Inc raised its holdings in Kohl's by 3.4% during the third quarter. Insight Folios Inc now owns 21,444 shares of the company's stock worth $452,000 after acquiring an additional 701 shares in the last quarter. Summit Securities Group LLC boosted its position in Kohl's by 50.0% during the second quarter. Summit Securities Group LLC now owns 2,400 shares of the company's stock worth $55,000 after purchasing an additional 800 shares during the period. Finally, Brown Brothers Harriman & Co. raised its position in shares of Kohl's by 183.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company's stock valued at $30,000 after buying an additional 917 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors.

Kohl's Stock Performance

Shares of NYSE KSS traded down $0.07 during midday trading on Tuesday, reaching $14.24. 7,100,902 shares of the company were exchanged, compared to its average volume of 6,629,626. Kohl's Co. has a 1 year low of $13.91 and a 1 year high of $29.60. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97. The stock has a fifty day simple moving average of $17.54 and a 200 day simple moving average of $19.69. The stock has a market cap of $1.59 billion, a P/E ratio of 6.45, a PEG ratio of 1.42 and a beta of 1.88.

Kohl's (NYSE:KSS - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.08). Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The firm had revenue of $3.71 billion for the quarter, compared to analysts' expectations of $3.64 billion. During the same period last year, the firm earned $0.53 EPS. Kohl's's revenue was down 8.5% compared to the same quarter last year. On average, research analysts forecast that Kohl's Co. will post 1.3 earnings per share for the current fiscal year.

Kohl's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a yield of 14.04%. Kohl's's dividend payout ratio is currently 90.09%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on KSS shares. JPMorgan Chase & Co. downgraded Kohl's from a "neutral" rating to an "underweight" rating and set a $19.00 price objective on the stock. in a research note on Thursday, August 29th. Gordon Haskett lowered Kohl's from a "hold" rating to a "reduce" rating and set a $11.00 price objective on the stock. in a research report on Tuesday, November 26th. Morgan Stanley decreased their target price on Kohl's from $17.00 to $15.00 and set an "underweight" rating for the company in a report on Monday, November 25th. Guggenheim cut shares of Kohl's from a "buy" rating to a "neutral" rating in a research note on Monday, December 2nd. Finally, Citigroup reduced their target price on shares of Kohl's from $18.00 to $14.00 and set a "neutral" rating for the company in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat.com, Kohl's has a consensus rating of "Hold" and an average target price of $17.22.

Insider Buying and Selling

In other Kohl's news, EVP Feeney Siobhan Mc sold 16,367 shares of the business'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 value of $315,392.09. Following the completion of the sale, the executive vice president now directly owns 136,799 shares of the company's stock, valued at $2,636,116.73. The trade was a 10.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.86% of the stock is owned by corporate insiders.

Kohl's 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.