Kohl’s Co. (NYSE:KSS) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its holdings in shares of Kohl’s Co. (NYSE:KSS) by 4.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 191,695 shares of the company’s stock after selling 8,006 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.17% of Kohl’s worth $2,691,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of KSS. Franklin Resources Inc. raised its stake in shares of Kohl’s by 25.6% during the 3rd quarter. Franklin Resources Inc. now owns 45,179 shares of the company’s stock worth $872,000 after buying an additional 9,196 shares during the period. FNY Investment Advisers LLC purchased a new position in Kohl’s in the 4th quarter valued at about $101,000. Annex Advisory Services LLC increased its stake in Kohl’s by 4.2% during the 4th quarter. Annex Advisory Services LLC now owns 209,226 shares of the company’s stock worth $2,938,000 after buying an additional 8,437 shares in the last quarter. Pure Financial Advisors LLC acquired a new position in shares of Kohl’s during the fourth quarter valued at approximately $145,000. Finally, Impact Partnership Wealth LLC boosted its stake in shares of Kohl’s by 12.1% in the fourth quarter. Impact Partnership Wealth LLC now owns 14,671 shares of the company’s stock worth $206,000 after acquiring an additional 1,583 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Kohl’s Stock Down 5.0 %

Shares of Kohl’s stock opened at $6.71 on Friday. Kohl’s Co. has a 52-week low of $6.04 and a 52-week high of $28.25. The company has a 50 day moving average of $7.81 and a 200 day moving average of $12.27. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $746.98 million, a P/E ratio of 3.02 and a beta of 1.61.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.23. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The company had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.25 billion. During the same period in the previous year, the business earned $1.67 EPS. Kohl’s’s revenue for the quarter was down 9.4% on a year-over-year basis. As a group, research analysts forecast that Kohl’s Co. will post 1.3 EPS for the current fiscal year.

Kohl’s Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were issued a dividend of $0.125 per share. The ex-dividend date was Friday, March 21st. This represents a $0.50 dividend on an annualized basis and a yield of 7.45%. Kohl’s’s payout ratio is currently 51.02%.

Analyst Upgrades and Downgrades

KSS has been the subject of a number of recent research reports. The Goldman Sachs Group increased their target price on shares of Kohl’s from $4.00 to $4.50 and gave the company a “sell” rating in a research report on Friday, May 2nd. Barclays started coverage on Kohl’s in a research report on Monday, April 28th. They set an “underweight” rating and a $4.00 price objective on the stock. Morgan Stanley dropped their target price on Kohl’s from $10.00 to $8.00 and set an “underweight” rating for the company in a report on Wednesday, March 12th. JPMorgan Chase & Co. lowered their price target on shares of Kohl’s from $9.00 to $7.00 and set an “underweight” rating on the stock in a research report on Monday, April 14th. Finally, UBS Group reduced their target price on shares of Kohl’s from $10.00 to $5.00 and set a “sell” rating on the stock in a research note on Wednesday, March 12th. Seven equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $9.54.

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.