Thrivent Financial for Lutherans Sells 81,319 Shares of Kohl's Co. (NYSE:KSS)

Thrivent Financial for Lutherans reduced its stake in shares of Kohl's Co. (NYSE:KSS - Free Report) by 48.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 87,544 shares of the company's stock after selling 81,319 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of Kohl's worth $1,847,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Security National Bank bought a new stake in shares of Kohl's in the 2nd quarter worth approximately $34,000. Farther Finance Advisors LLC grew its holdings in shares of Kohl's by 117.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company's stock worth $40,000 after acquiring an additional 1,034 shares during the last quarter. CWM LLC grew its holdings in shares of Kohl's by 97.1% in the 2nd quarter. CWM LLC now owns 1,924 shares of the company's stock worth $44,000 after acquiring an additional 948 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new position in shares of Kohl's during the second quarter valued at $49,000. Finally, Summit Securities Group LLC grew its holdings in shares of Kohl's by 50.0% during the second quarter. Summit Securities Group LLC now owns 2,400 shares of the company's stock valued at $55,000 after buying an additional 800 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Baird R W cut Kohl's from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. TD Cowen cut their target price on Kohl's from $20.00 to $16.00 and set a "hold" rating for the company in a research note on Wednesday. Guggenheim dropped their price objective on Kohl's from $26.00 to $25.00 and set a "buy" rating for the company in a research note on Wednesday. Morgan Stanley lowered their target price on Kohl's from $17.00 to $15.00 and set an "underweight" rating for the company in a research note on Monday. Finally, Telsey Advisory Group decreased their price target on Kohl's from $23.00 to $17.00 and set a "market perform" rating on the stock in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Kohl's currently has a consensus rating of "Hold" and an average price target of $17.22.

Insider Activity

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the company's stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total value of $315,392.09. Following the sale, the executive vice president now owns 136,799 shares in the company, valued at $2,636,116.73. This represents a 10.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.86% of the company's stock.

Kohl's Stock Up 1.5 %

Shares of KSS stock traded up $0.22 during trading hours on Friday, reaching $14.97. The company had a trading volume of 10,296,161 shares, compared to its average volume of 6,432,873. The business has a fifty day simple moving average of $18.70 and a 200-day simple moving average of $20.68. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 6.64, a price-to-earnings-growth ratio of 1.37 and a beta of 1.94. Kohl's Co. has a 12 month low of $14.22 and a 12 month high of $29.60. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.16.

Kohl's (NYSE:KSS - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.08). Kohl's had a net margin of 1.47% and a return on equity of 6.44%. The company had revenue of $3.71 billion during the quarter, compared to analysts' expectations of $3.64 billion. During the same quarter last year, the firm posted $0.53 earnings per share. Kohl's'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 1.35 earnings per share for the current fiscal year.

Kohl's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 13.36%. The ex-dividend date is Wednesday, December 11th. Kohl's's dividend payout ratio is 90.09%.

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.