Legal & General Group Plc Has $5.59 Million Stock Holdings in Kohl’s Co. (NYSE:KSS)

Legal & General Group Plc trimmed its stake in shares of Kohl’s Co. (NYSE:KSS) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 398,032 shares of the company’s stock after selling 13,350 shares during the period. Legal & General Group Plc owned about 0.36% of Kohl’s worth $5,588,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in KSS. ExodusPoint Capital Management LP bought a new stake in shares of Kohl’s in the fourth quarter valued at about $8,778,000. Norges Bank acquired a new stake in Kohl’s in the 4th quarter valued at approximately $8,185,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Kohl’s by 155.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 943,415 shares of the company’s stock valued at $13,246,000 after acquiring an additional 573,579 shares in the last quarter. American Century Companies Inc. boosted its position in Kohl’s by 11.7% during the 4th quarter. American Century Companies Inc. now owns 4,134,298 shares of the company’s stock worth $58,046,000 after acquiring an additional 433,264 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of Kohl’s by 117.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 467,030 shares of the company’s stock worth $6,557,000 after acquiring an additional 252,006 shares in the last quarter. 98.04% of the stock is owned by institutional investors.

Kohl’s Price Performance

Shares of KSS opened at $6.47 on Monday. The firm has a market capitalization of $720.27 million, a PE ratio of 2.91 and a beta of 1.65. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. The company’s 50-day moving average is $9.26 and its 200-day moving average is $13.51. Kohl’s Co. has a fifty-two week low of $6.04 and a fifty-two week high of $28.25.

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

Kohl’s Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were given a dividend of $0.125 per share. The ex-dividend date was Friday, March 21st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 7.73%. Kohl’s’s payout ratio is presently 51.02%.

Analyst Ratings Changes

Several brokerages recently commented on KSS. JPMorgan Chase & Co. reduced their target price on shares of Kohl’s from $9.00 to $7.00 and set an “underweight” rating for the company in a report on Monday, April 14th. Bank of America reduced their price objective on shares of Kohl’s from $15.00 to $8.00 and set an “underperform” rating for the company in a research note on Wednesday, March 12th. Telsey Advisory Group reiterated a “market perform” rating and set a $10.00 target price on shares of Kohl’s in a report on Tuesday, April 1st. Citigroup decreased their price target on Kohl’s from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Finally, UBS Group dropped their price objective on Kohl’s from $10.00 to $5.00 and set a “sell” rating on the stock in a research note on Wednesday, March 12th. Six analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $11.71.

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.