Geode Capital Management LLC Sells 11,552 Shares of Kohl’s Co. (NYSE:KSS)

Geode Capital Management LLC lowered its position in shares of Kohl’s Co. (NYSE:KSS) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,814,549 shares of the company’s stock after selling 11,552 shares during the period. Geode Capital Management LLC’s holdings in Kohl’s were worth $25,485,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in Kohl’s during the 4th quarter worth $8,185,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Kohl’s by 155.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 943,415 shares of the company’s stock worth $13,246,000 after purchasing an additional 573,579 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Kohl’s by 11.7% during the fourth quarter. American Century Companies Inc. now owns 4,134,298 shares of the company’s stock worth $58,046,000 after purchasing an additional 433,264 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Kohl’s by 117.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 467,030 shares of the company’s stock valued at $6,557,000 after buying an additional 252,006 shares in the last quarter. Finally, Hestia Capital Management LLC bought a new stake in shares of Kohl’s in the fourth quarter valued at approximately $2,790,000. 98.04% of the stock is owned by institutional investors and hedge funds.

Kohl’s Stock Performance

NYSE:KSS opened at $6.47 on Friday. The company has a market capitalization of $720.27 million, a PE ratio of 2.91 and a beta of 1.65. Kohl’s Co. has a fifty-two week low of $6.04 and a fifty-two week high of $28.25. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. The company has a 50 day simple moving average of $9.36 and a two-hundred day simple moving average of $13.69.

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

Kohl’s Cuts Dividend

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

Analyst Upgrades and Downgrades

KSS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on Kohl’s from $9.00 to $7.00 and set an “underweight” rating on the stock in a research report on Monday. The Goldman Sachs Group decreased their target price on shares of Kohl’s from $13.00 to $11.25 and set a “sell” rating on the stock in a report on Tuesday, March 4th. Robert W. Baird cut their price target on shares of Kohl’s from $18.00 to $11.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. Citigroup decreased their price objective on shares of Kohl’s from $11.00 to $8.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Finally, Bank of America cut their target price on Kohl’s from $15.00 to $8.00 and set an “underperform” rating for the company in a research note on Wednesday, March 12th. Six research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat.com, Kohl’s has an average rating of “Hold” and an average target price of $11.71.

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.