Kohl’s Co. (NYSE:KSS) Stake Lessened by Dakota Wealth Management

Dakota Wealth Management lowered its holdings in Kohl’s Co. (NYSE:KSS) by 3.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,158 shares of the company’s stock after selling 811 shares during the period. Dakota Wealth Management’s holdings in Kohl’s were worth $552,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Hexagon Capital Partners LLC lifted its holdings in shares of Kohl’s by 49.9% in the second quarter. Hexagon Capital Partners LLC now owns 3,848 shares of the company’s stock valued at $88,000 after purchasing an additional 1,281 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in Kohl’s by 22.8% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 265,310 shares of the company’s stock valued at $7,787,000 after purchasing an additional 49,209 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc boosted its position in Kohl’s by 100.0% during the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 80,000 shares of the company’s stock valued at $1,839,000 after purchasing an additional 40,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Kohl’s by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company’s stock valued at $147,923,000 after purchasing an additional 52,126 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Kohl’s by 495.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,936 shares of the company’s stock valued at $144,000 after purchasing an additional 4,107 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Analyst Upgrades and Downgrades

KSS has been the subject of a number of research reports. Robert W. Baird reduced their price objective on 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 cut Kohl’s from a “buy” rating to a “hold” rating and reduced their price objective for the company from $25.00 to $21.00 in a research report on Friday, August 30th. Morgan Stanley cut Kohl’s to an “underweight” rating and reduced their price objective for the company from $18.00 to $17.00 in a research report on Tuesday, August 27th. JPMorgan Chase & Co. cut Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target for the company. in a research report on Thursday, August 29th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 price target on shares of Kohl’s in a research report on Wednesday, August 28th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $21.29.

Kohl’s Trading Down 0.3 %

Kohl’s stock opened at $19.04 on Monday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.16 and a current ratio of 1.08. The business’s 50-day simple moving average is $19.66 and its 200-day simple moving average is $21.70. The firm has a market capitalization of $2.12 billion, a PE ratio of 7.68, a PEG ratio of 1.41 and a beta of 1.93. Kohl’s Co. has a 52 week low of $17.89 and a 52 week high of $29.60.

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

Kohl’s Announces Dividend

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 $0.50 dividend. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $2.00 annualized dividend and a dividend yield of 10.50%. Kohl’s’s dividend payout ratio is currently 80.65%.

Insider Activity

In other 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 directly owns 136,799 shares in the company, valued at approximately $2,636,116.73. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.86% of the company’s stock.

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.