The Manufacturers Life Insurance Company Has $4.21 Million Position in Kohl's Co. (NYSE:KSS)

The Manufacturers Life Insurance Company decreased its stake in Kohl's Co. (NYSE:KSS - Free Report) by 14.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 199,701 shares of the company's stock after selling 34,958 shares during the quarter. The Manufacturers Life Insurance Company owned 0.18% of Kohl's worth $4,214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KSS. Pacer Advisors Inc. raised its position in shares of Kohl's by 149.3% in the 3rd quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company's stock valued at $349,671,000 after acquiring an additional 9,925,878 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Kohl's by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company's stock valued at $147,923,000 after buying an additional 52,126 shares in the last quarter. American Century Companies Inc. raised its stake in Kohl's by 26.3% during the 2nd quarter. American Century Companies Inc. now owns 3,093,773 shares of the company's stock worth $71,126,000 after buying an additional 643,913 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Kohl's by 348.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company's stock valued at $50,118,000 after purchasing an additional 1,694,162 shares in the last quarter. Finally, Squarepoint Ops LLC increased its stake in Kohl's by 6,076.8% during the 2nd quarter. Squarepoint Ops LLC now owns 1,834,509 shares of the company's stock worth $42,175,000 after purchasing an additional 1,804,809 shares in the last quarter. Institutional investors own 98.04% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on KSS shares. JPMorgan Chase & Co. lowered shares of Kohl's from a "neutral" rating to an "underweight" rating and set a $19.00 price target on the stock. in a research note on Thursday, August 29th. TD Cowen reduced their target price on shares of Kohl's from $20.00 to $16.00 and set a "hold" rating for the company in a research note on Wednesday, November 27th. Morgan Stanley dropped their price target on Kohl's from $17.00 to $15.00 and set an "underweight" rating on the stock in a research note on Monday, November 25th. Robert W. Baird cut Kohl's from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $25.00 to $18.00 in a research report on Wednesday, November 27th. Finally, Citigroup dropped their target price on Kohl's from $18.00 to $14.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 27th. Three analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $17.22.

Insiders Place Their Bets

In other Kohl's news, EVP Feeney Siobhan Mc sold 16,367 shares of the firm's stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total transaction of $315,392.09. Following the transaction, the executive vice president now owns 136,799 shares in the company, valued at $2,636,116.73. This trade represents a 10.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.86% of the company's stock.

Kohl's Stock Performance

Shares of KSS stock traded down $0.08 on Friday, reaching $15.31. The stock had a trading volume of 10,521,707 shares, compared to its average volume of 11,698,710. Kohl's Co. has a 12 month low of $14.22 and a 12 month high of $29.60. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 6.90, a P/E/G ratio of 1.47 and a beta of 1.88. The firm's 50-day moving average is $18.17 and its two-hundred day moving average is $20.24. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97.

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

Kohl's Dividend Announcement

The firm also recently declared 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. This represents a $2.00 dividend on an annualized basis and a yield of 13.06%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl's's dividend payout ratio is 90.09%.

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.