Connor Clark & Lunn Investment Management Ltd. Sells 47,550 Shares of Kohl’s Co. (NYSE:KSS)

Connor Clark & Lunn Investment Management Ltd. reduced its position in Kohl’s Co. (NYSE:KSS) by 11.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 369,836 shares of the company’s stock after selling 47,550 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.33% of Kohl’s worth $7,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Security National Bank bought a new position in Kohl’s in the 2nd quarter worth $34,000. Farther Finance Advisors LLC boosted its stake in shares of Kohl’s by 117.5% in the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock worth $40,000 after acquiring an additional 1,034 shares during the period. CWM LLC grew its position in shares of Kohl’s by 97.1% during the second quarter. CWM LLC now owns 1,924 shares of the company’s stock worth $44,000 after purchasing an additional 948 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of Kohl’s during the second quarter worth about $49,000. Finally, Summit Securities Group LLC raised its stake in 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 during the period. 98.04% of the stock is owned by hedge funds and other institutional investors.

Kohl’s Stock Performance

Shares of NYSE:KSS opened at $17.04 on Friday. The firm has a fifty day simple moving average of $19.00 and a two-hundred day simple moving average of $20.96. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $1.90 billion, a P/E ratio of 6.44, a PEG ratio of 1.17 and a beta of 1.94. Kohl’s Co. has a 52 week low of $16.12 and a 52 week high of $29.60.

Kohl’s (NYSE:KSS) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.46 by $0.13. The company had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.69 billion. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The firm’s revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the business posted $0.52 earnings per share. On average, analysts expect that Kohl’s Co. will post 1.81 earnings per share for the current fiscal year.

Kohl’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th will be given a $0.50 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a yield of 11.74%. Kohl’s’s dividend payout ratio is presently 78.43%.

Insiders Place Their Bets

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of the firm’s 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 trade represents a 10.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.86% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on KSS shares. TD Cowen lowered shares of Kohl’s from a “buy” rating to a “hold” rating and cut their price objective for the company from $25.00 to $21.00 in a report on Friday, August 30th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 target price on shares of Kohl’s in a research note on Wednesday, August 28th. Morgan Stanley downgraded shares of Kohl’s to an “underweight” rating and reduced their price target for the company from $18.00 to $17.00 in a report on Tuesday, August 27th. Robert W. Baird dropped their price objective on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Finally, Citigroup reduced their target price on Kohl’s from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Kohl’s has an average rating of “Hold” and a consensus target price of $20.43.

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.