Sei Investments Co. Lowers Position in Kohl’s Co. (NYSE:KSS)

Sei Investments Co. lessened its stake in Kohl’s Co. (NYSE:KSS) by 3.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 193,959 shares of the company’s stock after selling 7,614 shares during the quarter. Sei Investments Co. owned approximately 0.17% of Kohl’s worth $4,459,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Trust Investment Advisors purchased a new position in shares of Kohl’s in the second quarter worth $1,495,000. XTX Topco Ltd purchased a new position in shares of Kohl’s in the second quarter worth $1,584,000. Edgestream Partners L.P. increased its position in Kohl’s by 84.0% in the second quarter. Edgestream Partners L.P. now owns 89,024 shares of the company’s stock worth $2,047,000 after purchasing an additional 40,641 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Kohl’s by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,434,081 shares of the company’s stock worth $147,923,000 after purchasing an additional 52,126 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Kohl’s by 26.3% in the second quarter. American Century Companies Inc. now owns 3,093,773 shares of the company’s stock worth $71,126,000 after purchasing an additional 643,913 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Kohl’s Trading Down 1.8 %

KSS stock opened at $20.72 on Wednesday. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98. Kohl’s Co. has a twelve month low of $17.68 and a twelve month high of $29.60. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 8.24, a price-to-earnings-growth ratio of 1.32 and a beta of 1.93. The firm’s fifty day simple moving average is $19.87 and its two-hundred day simple moving average is $22.60.

Kohl’s (NYSE:KSS) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.13. The firm had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 earnings per share. As a group, analysts anticipate that Kohl’s Co. will post 1.8 earnings per share for the current year.

Kohl’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 9.65%. The ex-dividend date was Wednesday, September 11th. Kohl’s’s payout ratio is presently 80.65%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Morgan Stanley cut shares of Kohl’s to an “underweight” rating and reduced their price target for the stock from $18.00 to $17.00 in a research report on Tuesday, August 27th. JPMorgan Chase & Co. cut shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target on the stock. in a research report on Thursday, August 29th. Evercore ISI reduced their price target on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a research report on Thursday, August 29th. TD Cowen cut shares of Kohl’s from a “buy” rating to a “hold” rating and reduced their price target for the stock from $25.00 to $21.00 in a research report on Friday, August 30th. Finally, Robert W. Baird reduced their price target on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $21.29.

About Kohl’s

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.