Viawealth LLC Decreases Stake in Kohl’s Co. (NYSE:KSS)

Viawealth LLC decreased its stake in shares of Kohl’s Co. (NYSE:KSS) by 50.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 12,621 shares of the company’s stock after selling 12,692 shares during the period. Viawealth LLC’s holdings in Kohl’s were worth $177,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. grew its stake in 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. SBI Securities Co. Ltd. purchased a new position in shares of Kohl’s during the 4th quarter valued at $26,000. Bogart Wealth LLC bought a new position in shares of Kohl’s in the fourth quarter worth $35,000. Quest Partners LLC purchased a new stake in shares of Kohl’s in the third quarter worth $60,000. Finally, Quarry LP boosted its stake in Kohl’s by 687.4% during the third quarter. Quarry LP now owns 4,858 shares of the company’s stock valued at $103,000 after buying an additional 4,241 shares during the period. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $14.05, for a total transaction of $53,769.35. Following the completion of the transaction, the executive vice president now directly owns 133,091 shares in the company, valued at $1,869,928.55. This trade represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

KSS has been the subject of several research analyst reports. UBS Group dropped their target price on shares of Kohl’s from $10.00 to $5.00 and set a “sell” rating for the company in a research report on Wednesday, March 12th. Robert W. Baird cut their target price on shares of Kohl’s from $18.00 to $11.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. Bank of America lowered their price target on Kohl’s from $15.00 to $8.00 and set an “underperform” rating on the stock in a research report on Wednesday, March 12th. Citigroup cut their price objective on Kohl’s from $11.00 to $8.00 and set a “neutral” rating for the company in a report on Monday. Finally, Guggenheim cut Kohl’s from a “buy” rating to a “neutral” rating in a report on Monday, December 2nd. Six research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $12.10.

Kohl’s Stock Performance

Shares of NYSE:KSS opened at $8.69 on Thursday. Kohl’s Co. has a 12 month low of $7.96 and a 12 month high of $29.60. The company has a market cap of $966.91 million, a price-to-earnings ratio of 3.91 and a beta of 1.92. 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 50-day moving average price of $11.91 and a 200-day moving average price of $15.55.

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, beating the consensus estimate of $0.72 by $0.23. The company had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.25 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. Kohl’s’s quarterly revenue was down 9.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.67 earnings per share. As a group, equities analysts anticipate that Kohl’s Co. will post 1.3 EPS for the current year.

Kohl’s Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date is Friday, March 21st. Kohl’s’s dividend payout ratio (DPR) is presently 51.02%.

About Kohl’s

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.