Verition Fund Management LLC Lowers Holdings in Kohl's Co. (NYSE:KSS)

Verition Fund Management LLC decreased its stake in shares of Kohl's Co. (NYSE:KSS - Free Report) by 58.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,225 shares of the company's stock after selling 210,475 shares during the quarter. Verition Fund Management LLC owned approximately 0.14% of Kohl's worth $3,170,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. raised its stake in shares of Kohl's by 183.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company's stock valued at $30,000 after acquiring an additional 917 shares in the last quarter. Security National Bank bought a new stake in Kohl's during the 2nd quarter valued at $34,000. Farther Finance Advisors LLC raised its position in Kohl's by 117.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company's stock valued at $40,000 after purchasing an additional 1,034 shares in the last quarter. CWM LLC lifted 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 buying an additional 948 shares during the period. Finally, Abich Financial Wealth Management LLC bought a new position in shares of Kohl's during the 2nd quarter worth $49,000. 98.04% of the stock is owned by hedge funds and other institutional investors.

Kohl's Stock Up 0.7 %

Shares of KSS stock traded up $0.10 during trading hours on Thursday, reaching $15.40. 5,219,730 shares of the company's stock were exchanged, compared to its average volume of 6,485,274. 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 company has a market cap of $1.71 billion, a price-to-earnings ratio of 6.89, a P/E/G ratio of 1.46 and a beta of 1.88. Kohl's Co. has a fifty-two week low of $14.22 and a fifty-two week high of $29.60. The stock's 50 day moving average is $18.38 and its 200-day moving average is $20.35.

Kohl's (NYSE:KSS - Get Free Report) last released its quarterly earnings results 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 net margin of 1.47% and a return on equity of 6.44%. The business had revenue of $3.71 billion during the quarter, compared to analysts' expectations of $3.64 billion. During the same quarter last year, the business posted $0.53 earnings per share. The company's quarterly revenue was down 8.5% compared to the same quarter last year. Analysts predict 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. Stockholders of record on Wednesday, December 11th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, December 11th. This represents a $2.00 annualized dividend and a dividend yield of 12.99%. Kohl's's payout ratio is currently 90.09%.

Insider Activity

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of Kohl's stock in a transaction dated Thursday, October 3rd. The stock was 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 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 document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.86% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on KSS shares. Baird R W downgraded Kohl's from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 27th. Citigroup lowered their price target on shares of Kohl's from $18.00 to $14.00 and set a "neutral" rating for the company in a research report on Wednesday, November 27th. Evercore ISI cut their price objective on shares of Kohl's from $22.00 to $20.00 and set an "in-line" rating on the stock in a report on Thursday, August 29th. Guggenheim downgraded shares of Kohl's from a "buy" rating to a "neutral" rating in a research note on Monday. Finally, TD Cowen dropped their target price on Kohl's from $20.00 to $16.00 and set a "hold" rating on the stock in a research report on Wednesday, November 27th. Three research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat, Kohl's has a consensus rating of "Hold" and a consensus target price of $17.22.

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.