Legal & General Group Plc Sells 13,350 Shares of Kohl’s Co. (NYSE:KSS)

Legal & General Group Plc cut its position in Kohl’s Co. (NYSE:KSS) by 3.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 398,032 shares of the company’s stock after selling 13,350 shares during the quarter. Legal & General Group Plc’s holdings in Kohl’s were worth $5,588,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in KSS. SBI Securities Co. Ltd. bought a new position in Kohl’s in the fourth quarter valued at approximately $26,000. Bogart Wealth LLC bought a new position in shares of Kohl’s in the 4th quarter valued at $35,000. KBC Group NV increased its stake in shares of Kohl’s by 58.5% in the 4th quarter. KBC Group NV now owns 5,347 shares of the company’s stock valued at $75,000 after purchasing an additional 1,974 shares during the last quarter. Platinum Investment Management Ltd. raised its holdings in shares of Kohl’s by 30.7% during the 4th quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company’s stock worth $86,000 after buying an additional 1,436 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Kohl’s during the 4th quarter worth $100,000. Institutional investors own 98.04% of the company’s stock.

Kohl’s Price Performance

Shares of KSS opened at $6.47 on Monday. The business has a 50-day moving average of $9.26 and a 200-day moving average of $13.51. Kohl’s Co. has a 1 year low of $6.04 and a 1 year high of $28.25. The company has a market capitalization of $720.27 million, a price-to-earnings ratio of 2.91 and a beta of 1.65. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12.

Kohl’s (NYSE:KSS) last released its quarterly earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.23. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The firm had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.25 billion. During the same quarter last year, the business earned $1.67 EPS. The company’s revenue was down 9.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Kohl’s Co. will post 1.3 earnings per share for the current year.

Kohl’s Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.50 dividend on an annualized basis and a yield of 7.73%. Kohl’s’s dividend payout ratio (DPR) is currently 51.02%.

Analyst Ratings Changes

KSS has been the subject of several research analyst reports. UBS Group lowered their target price on Kohl’s from $10.00 to $5.00 and set a “sell” rating for the company in a research note on Wednesday, March 12th. Telsey Advisory Group reiterated a “market perform” rating and set a $10.00 price objective on shares of Kohl’s in a research report on Tuesday, April 1st. The Goldman Sachs Group dropped their price objective on shares of Kohl’s from $13.00 to $11.25 and set a “sell” rating for the company in a research note on Tuesday, March 4th. Bank of America decreased their target price on shares of Kohl’s from $15.00 to $8.00 and set an “underperform” rating on the stock in a research note on Wednesday, March 12th. Finally, Morgan Stanley dropped their price target on Kohl’s from $10.00 to $8.00 and set an “underweight” rating for the company in a research note on Wednesday, March 12th. Six equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to data from MarketBeat, Kohl’s has a consensus rating of “Hold” and an average price target of $11.71.

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.