Kohl’s Co. (NYSE:KSS) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp lowered its stake in shares of Kohl’s Co. (NYSE:KSS) by 77.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 14,790 shares of the company’s stock after selling 50,534 shares during the period. Hancock Whitney Corp’s holdings in Kohl’s were worth $312,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Signaturefd LLC grew its holdings in Kohl’s by 14.1% during the third quarter. Signaturefd LLC now owns 3,965 shares of the company’s stock worth $84,000 after acquiring an additional 491 shares during the period. Arizona State Retirement System boosted its position in Kohl’s by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 31,049 shares of the company’s stock worth $714,000 after purchasing an additional 623 shares in the last quarter. Insight Folios Inc grew its stake in shares of Kohl’s by 3.4% during the 3rd quarter. Insight Folios Inc now owns 21,444 shares of the company’s stock worth $452,000 after purchasing an additional 701 shares during the period. Summit Securities Group LLC increased its holdings in shares of Kohl’s by 50.0% during the 2nd quarter. Summit Securities Group LLC now owns 2,400 shares of the company’s stock valued at $55,000 after purchasing an additional 800 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Kohl’s by 183.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock valued at $30,000 after purchasing an additional 917 shares during the period. Institutional investors and hedge funds own 98.04% of the company’s stock.

Kohl’s Stock Down 3.2 %

KSS opened at $14.74 on Thursday. The company has a market cap of $1.64 billion, a PE ratio of 5.78, a price-to-earnings-growth ratio of 1.30 and a beta of 1.94. Kohl’s Co. has a twelve month low of $14.22 and a twelve month high of $29.60. The company has a 50-day moving average price of $18.78 and a 200 day moving average price of $20.73. 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 (NYSE:KSS) last announced its earnings results on Tuesday, November 26th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). The firm had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.64 billion. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. Kohl’s’s revenue was down 8.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 EPS. Sell-side analysts expect that Kohl’s Co. will post 1.77 earnings per share for the current fiscal year.

Kohl’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 13.57%. The ex-dividend date is Wednesday, December 11th. Kohl’s’s payout ratio is 78.43%.

Wall Street Analysts Forecast Growth

KSS has been the topic of several analyst reports. JPMorgan Chase & Co. lowered shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target on the stock. in a research report on Thursday, August 29th. Telsey Advisory Group lowered their target price on shares of Kohl’s from $23.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday. Guggenheim cut their price target on Kohl’s from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday. Citigroup reduced their price target on Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Gordon Haskett lowered 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. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $17.22.

Insider Activity

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total value of $315,392.09. Following the completion of the sale, the executive vice president now owns 136,799 shares in the company, valued at approximately $2,636,116.73. This represents a 10.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.86% of the company’s stock.

Kohl’s Company 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.