Kohl’s Co. (NYSE:KSS) Shares Sold by AXQ Capital LP

AXQ Capital LP trimmed its position in Kohl’s Co. (NYSE:KSS) by 48.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 52,699 shares of the company’s stock after selling 49,293 shares during the period. AXQ Capital LP’s holdings in Kohl’s were worth $740,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of KSS. Victory Capital Management Inc. boosted its holdings in Kohl’s by 226.4% in the 3rd quarter. Victory Capital Management Inc. now owns 137,531 shares of the company’s stock valued at $2,902,000 after purchasing an additional 95,398 shares during the last quarter. Quest Partners LLC acquired a new position in Kohl’s in the 3rd quarter valued at about $60,000. Charles Schwab Investment Management Inc. boosted its holdings in Kohl’s by 6.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,716,006 shares of the company’s stock valued at $36,208,000 after purchasing an additional 101,480 shares during the last quarter. Cerity Partners LLC boosted its holdings in Kohl’s by 73.9% in the 3rd quarter. Cerity Partners LLC now owns 27,613 shares of the company’s stock valued at $583,000 after purchasing an additional 11,734 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Kohl’s in the 3rd quarter valued at about $735,000. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Kohl’s Trading Down 2.8 %

Shares of NYSE:KSS opened at $8.31 on Friday. Kohl’s Co. has a 52 week low of $7.96 and a 52 week high of $29.60. The company’s 50 day moving average is $11.71 and its two-hundred day moving average is $15.39. 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 $924.50 million, a PE ratio of 3.74 and a beta of 1.92.

Kohl’s (NYSE:KSS) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.23. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The company had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same period in the prior year, the firm posted $1.67 EPS. The company’s quarterly revenue was down 9.4% compared to the same quarter last year. Equities analysts predict that Kohl’s Co. will post 1.3 earnings per share for the current fiscal year.

Kohl’s Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date is Friday, March 21st. Kohl’s’s dividend payout ratio is presently 51.02%.

Analyst Ratings Changes

Several equities analysts have recently commented on KSS shares. JPMorgan Chase & Co. decreased their price objective on shares of Kohl’s from $11.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, March 11th. Baird R W lowered shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. UBS Group decreased their price objective on shares of Kohl’s from $10.00 to $5.00 and set a “sell” rating on the stock in a report on Wednesday, March 12th. Jefferies Financial Group decreased their price objective on shares of Kohl’s from $15.00 to $12.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Finally, Gordon Haskett lowered shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price objective on the stock. in a report on Tuesday, November 26th. Six investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $12.10.

Insider Buying and Selling at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $14.05, for a total value of $53,769.35. Following the sale, the executive vice president now directly owns 133,091 shares of the company’s stock, valued at approximately $1,869,928.55. This represents a 2.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 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.