Raymond James Financial Services Advisors Inc. Sells 2,474 Shares of Kohl’s Co. (NYSE:KSS)

Raymond James Financial Services Advisors Inc. decreased its position in Kohl’s Co. (NYSE:KSS) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,795 shares of the company’s stock after selling 2,474 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Kohl’s were worth $941,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in KSS. Headlands Technologies LLC bought a new position in Kohl’s during the third quarter worth about $25,000. Eagle Bay Advisors LLC bought a new position in Kohl’s during the second quarter worth about $26,000. SkyView Investment Advisors LLC bought a new position in Kohl’s during the first quarter worth about $27,000. Quarry LP boosted its holdings in Kohl’s by 81.1% during the first quarter. Quarry LP now owns 1,326 shares of the company’s stock worth $31,000 after buying an additional 594 shares during the last quarter. Finally, Fairfield Bush & CO. bought a new position in Kohl’s during the second quarter worth about $35,000. Institutional investors own 98.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on KSS shares. Citigroup reduced their target price on Kohl’s from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, March 13th. JPMorgan Chase & Co. lifted their price objective on Kohl’s from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. StockNews.com upgraded Kohl’s from a “hold” rating to a “buy” rating in a report on Friday. Morgan Stanley lifted their price objective on Kohl’s from $18.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, March 21st. Finally, TD Cowen lifted their price objective on Kohl’s from $28.00 to $31.00 and gave the company an “outperform” rating in a report on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $24.20.

Kohl’s Stock Down 2.2 %

Shares of Kohl’s stock opened at $22.23 on Tuesday. The business’s 50 day simple moving average is $26.66 and its 200 day simple moving average is $25.17. Kohl’s Co. has a 52-week low of $17.68 and a 52-week high of $29.65. The firm has a market cap of $2.47 billion, a PE ratio of 7.80, a P/E/G ratio of 1.27 and a beta of 1.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.20 and a current ratio of 1.31.

Kohl’s (NYSE:KSS) last announced its earnings results on Tuesday, March 12th. The company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.39. Kohl’s had a return on equity of 8.40% and a net margin of 1.81%. The business had revenue of $5.71 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same quarter last year, the firm earned ($2.49) EPS. Kohl’s’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, analysts predict that Kohl’s Co. will post 2.24 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 20th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 9.00%. The ex-dividend date was Tuesday, March 19th. Kohl’s’s dividend payout ratio is presently 70.18%.

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.