United Services Automobile Association Sells 1,177 Shares of Kohl’s Co. (NYSE:KSS)

Posted by Defense World Staff on Mar 15th, 2023

United Services Automobile Association cut its holdings in Kohl’s Co. (NYSE:KSS – Get Rating) by 7.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,709 shares of the company’s stock after selling 1,177 shares during the period. United Services Automobile Association’s holdings in Kohl’s were worth $344,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fairfield Bush & CO. bought a new position in Kohl’s in the 1st quarter valued at $93,000. Raymond James & Associates boosted its holdings in Kohl’s by 43.3% in the 1st quarter. Raymond James & Associates now owns 44,031 shares of the company’s stock valued at $2,662,000 after purchasing an additional 13,314 shares during the period. Natixis Advisors L.P. bought a new position in Kohl’s in the 1st quarter valued at $1,183,000. Great West Life Assurance Co. Can boosted its holdings in Kohl’s by 4.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 92,581 shares of the company’s stock valued at $5,816,000 after purchasing an additional 4,349 shares during the period. Finally, Blair William & Co. IL boosted its holdings in Kohl’s by 1.8% in the 1st quarter. Blair William & Co. IL now owns 28,668 shares of the company’s stock valued at $1,733,000 after purchasing an additional 502 shares during the period. 95.50% of the stock is owned by institutional investors.

Kohl’s Price Performance

KSS stock opened at $22.29 on Wednesday. The firm’s 50-day moving average price is $29.86 and its two-hundred day moving average price is $28.80. Kohl’s Co. has a 12-month low of $21.92 and a 12-month high of $63.74. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of -49.53, a PEG ratio of 1.29 and a beta of 1.68. The company has a current ratio of 1.20, a quick ratio of 0.18 and a debt-to-equity ratio of 1.18.

Kohl’s (NYSE:KSS – Get Rating) last released its quarterly earnings data on Wednesday, March 1st. The company reported ($2.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($3.54). Kohl’s had a negative net margin of 0.10% and a negative return on equity of 0.45%. The firm had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $6.03 billion. During the same quarter in the previous year, the firm posted $2.20 EPS. Kohl’s’s revenue was down 7.2% compared to the same quarter last year. As a group, equities analysts predict that Kohl’s Co. will post 2.4 earnings per share for the current year.

Kohl’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 29th. Investors of record on Wednesday, March 15th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 8.97%. The ex-dividend date of this dividend is Tuesday, March 14th. Kohl’s’s dividend payout ratio is currently -444.43%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Kohl’s from $33.00 to $26.00 in a report on Tuesday, January 3rd. Guggenheim dropped their price objective on shares of Kohl’s from $42.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, February 2nd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $35.00 price objective on shares of Kohl’s in a report on Wednesday, March 1st. Credit Suisse Group dropped their price objective on shares of Kohl’s to $27.00 in a report on Wednesday, March 1st. Finally, Citigroup dropped their price objective on shares of Kohl’s from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, March 2nd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Kohl’s has an average rating of “Hold” and an average target price of $29.25.

Kohl’s Company Profile

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Kohl’s Corp. engages in the operation of family-oriented department stores. Its business line includes apparel, footwear, and accessories for women, men, and children, home products, beauty products, and accessories. The stores generally carry a consistent merchandise assortment with some differences attributable to regional preferences.