International Assets Investment Management LLC Decreases Stock Holdings in Kohl’s Co. (NYSE:KSS)

International Assets Investment Management LLC lessened its stake in shares of Kohl’s Co. (NYSE:KSS) by 50.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 271,675 shares of the company’s stock after selling 274,395 shares during the quarter. International Assets Investment Management LLC’s holdings in Kohl’s were worth $3,814,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Brown Brothers Harriman & Co. raised its stake in Kohl’s by 183.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock valued at $30,000 after buying an additional 917 shares during the last quarter. Farther Finance Advisors LLC grew its holdings 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. Abich Financial Wealth Management LLC purchased a new stake in Kohl’s during the second quarter valued at $49,000. Quest Partners LLC purchased a new position in Kohl’s in the third quarter worth about $60,000. Finally, Signaturefd LLC raised its position in Kohl’s by 14.1% in 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. 98.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Citigroup decreased their price target on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. Gordon Haskett downgraded shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price objective for the company. in a research note on Tuesday, November 26th. Telsey Advisory Group reduced their price target on Kohl’s from $23.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, November 27th. Baird R W cut Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Guggenheim downgraded Kohl’s from a “buy” rating to a “neutral” rating in a research report on Monday, December 2nd. Three equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $17.22.

Insiders Place Their Bets

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of Kohl’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $14.05, for a total transaction of $53,769.35. Following the sale, the executive vice president now owns 133,091 shares of the company’s stock, valued at $1,869,928.55. The trade was a 2.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.86% of the company’s stock.

Kohl’s Stock Down 3.2 %

Shares of KSS traded down $0.44 during mid-day trading on Wednesday, hitting $13.38. The company’s stock had a trading volume of 2,001,379 shares, compared to its average volume of 5,762,796. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 6.03, a PEG ratio of 1.38 and a beta of 1.87. The company’s 50-day moving average is $15.81 and its 200-day moving average is $18.77. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97. Kohl’s Co. has a 52-week low of $13.35 and a 52-week high of $29.60.

Kohl’s (NYSE:KSS) last posted its earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.08). The company had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. Kohl’s’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS. On average, equities research analysts forecast that Kohl’s Co. will post 1.3 EPS for the current fiscal year.

Kohl’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, December 11th. This represents a $2.00 annualized dividend and a dividend yield of 14.95%. Kohl’s’s dividend payout ratio is presently 90.09%.

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.