Thrivent Financial for Lutherans Reduces Stock Position in Kohl’s Co. (NYSE:KSS)

Thrivent Financial for Lutherans trimmed its holdings in Kohl’s Co. (NYSE:KSS) by 4.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 168,863 shares of the company’s stock after selling 7,247 shares during the period. Thrivent Financial for Lutherans owned approximately 0.15% of Kohl’s worth $3,883,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. PNC Financial Services Group Inc. grew its position in shares of Kohl’s by 21.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 15,567 shares of the company’s stock valued at $446,000 after purchasing an additional 2,754 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Kohl’s by 254.9% in the 4th quarter. Hsbc Holdings PLC now owns 794,677 shares of the company’s stock worth $22,822,000 after purchasing an additional 570,745 shares during the period. Parallel Advisors LLC grew its holdings in Kohl’s by 14.3% during the 4th quarter. Parallel Advisors LLC now owns 4,581 shares of the company’s stock valued at $131,000 after buying an additional 572 shares in the last quarter. Focus Financial Network Inc. ADV bought a new stake in shares of Kohl’s during the fourth quarter valued at about $311,000. Finally, Treasurer of the State of North Carolina lifted its holdings in shares of Kohl’s by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 49,007 shares of the company’s stock worth $1,406,000 after buying an additional 470 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.

Kohl’s Trading Up 3.2 %

NYSE KSS opened at $20.90 on Friday. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 8.43, a PEG ratio of 1.32 and a beta of 1.93. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98. Kohl’s Co. has a twelve month low of $17.68 and a twelve month high of $29.60. The stock’s 50-day simple moving average is $19.86 and its two-hundred day simple moving average is $22.66.

Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.46 by $0.13. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The firm had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same period last year, the firm posted $0.52 earnings per share. The business’s revenue was down 4.2% compared to the same quarter last year. Research analysts forecast that Kohl’s Co. will post 1.8 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 9.57%. Kohl’s’s dividend payout ratio (DPR) is currently 80.65%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price objective on shares of Kohl’s in a research note on Wednesday, August 28th. Robert W. Baird reduced their price target on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. TD Cowen downgraded Kohl’s from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $25.00 to $21.00 in a research report on Friday, August 30th. Evercore ISI dropped their price objective on Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research note on Thursday, August 29th. Finally, Morgan Stanley lowered Kohl’s to an “underweight” rating and decreased their target price for the stock from $18.00 to $17.00 in a research note on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Kohl’s presently has an average rating of “Hold” and an average target price of $21.29.

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.