Allspring Global Investments Holdings LLC Has $150,000 Position in Kohl’s Co. (NYSE:KSS)

Allspring Global Investments Holdings LLC trimmed its position in Kohl’s Co. (NYSE:KSS) by 25.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,132 shares of the company’s stock after selling 2,388 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Kohl’s were worth $150,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of KSS. Blue Trust Inc. boosted its stake in Kohl’s by 1,756.0% in the 3rd quarter. Blue Trust Inc. now owns 3,842 shares of the company’s stock worth $88,000 after purchasing an additional 3,635 shares during the period. Paragon Capital Management Inc. bought a new position in shares of Kohl’s during the third quarter worth approximately $1,801,000. Gilman Hill Asset Management LLC grew its stake in shares of Kohl’s by 4.3% in the third quarter. Gilman Hill Asset Management LLC now owns 333,786 shares of the company’s stock valued at $7,043,000 after acquiring an additional 13,716 shares in the last quarter. Annex Advisory Services LLC boosted its stake in shares of Kohl’s by 2.1% in the third quarter. Annex Advisory Services LLC now owns 200,789 shares of the company’s stock valued at $4,237,000 after buying an additional 4,152 shares during the period. Finally, CWM LLC grew its holdings in shares of Kohl’s by 590.5% during the 3rd quarter. CWM LLC now owns 13,286 shares of the company’s stock worth $280,000 after purchasing an additional 11,362 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of Kohl’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total value of $315,392.09. Following the transaction, the executive vice president now owns 136,799 shares in the company, valued at approximately $2,636,116.73. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on KSS shares. Evercore ISI decreased their price target on Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a research note on Thursday, August 29th. Robert W. Baird dropped their target price on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Morgan Stanley downgraded shares of Kohl’s to an “underweight” rating and decreased their price target for the company from $18.00 to $17.00 in a research note on Tuesday, August 27th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 price objective on shares of Kohl’s in a research note on Wednesday, August 28th. Finally, TD Cowen downgraded shares of Kohl’s from a “buy” rating to a “hold” rating and lowered their target price for the company from $25.00 to $21.00 in a report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $21.29.

Kohl’s Price Performance

NYSE KSS opened at $18.10 on Monday. The firm’s 50-day simple moving average is $19.56 and its two-hundred day simple moving average is $21.55. Kohl’s Co. has a 52 week low of $17.89 and a 52 week high of $29.60. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98. The company has a market cap of $2.01 billion, a PE ratio of 7.10, a price-to-earnings-growth ratio of 1.28 and a beta of 1.94.

Kohl’s (NYSE:KSS) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.13. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The company had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same period last year, the business earned $0.52 earnings per share. Kohl’s’s revenue was down 4.2% compared to the same quarter last year. Research analysts predict that Kohl’s Co. will post 1.8 earnings per share for the current year.

Kohl’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.05%. The ex-dividend date of this dividend was Wednesday, September 11th. Kohl’s’s dividend payout ratio is currently 78.43%.

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.