JPMorgan Chase & Co. Reduces Holdings in Kohl’s Co. (NYSE:KSS)

JPMorgan Chase & Co. reduced its holdings in shares of Kohl’s Co. (NYSE:KSS) by 82.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 149,301 shares of the company’s stock after selling 678,096 shares during the period. JPMorgan Chase & Co. owned about 0.13% of Kohl’s worth $2,096,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in KSS. SBI Securities Co. Ltd. purchased a new position in shares of Kohl’s during the 4th quarter valued at about $26,000. Bogart Wealth LLC purchased a new position in Kohl’s during the fourth quarter valued at approximately $35,000. KBC Group NV boosted its position in shares of Kohl’s by 58.5% in the fourth quarter. KBC Group NV now owns 5,347 shares of the company’s stock worth $75,000 after purchasing an additional 1,974 shares during the period. Platinum Investment Management Ltd. increased its stake in shares of Kohl’s by 30.7% in the fourth quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company’s stock worth $86,000 after purchasing an additional 1,436 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Kohl’s during the 4th quarter valued at $100,000. 98.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KSS. UBS Group reduced their price target on shares of Kohl’s from $10.00 to $5.00 and set a “sell” rating on the stock in a report on Wednesday, March 12th. JPMorgan Chase & Co. reduced their target price on Kohl’s from $9.00 to $7.00 and set an “underweight” rating on the stock in a report on Monday, April 14th. Citigroup dropped 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. The Goldman Sachs Group reduced their price objective on Kohl’s from $7.50 to $4.00 and set a “sell” rating on the stock in a research note on Tuesday. Finally, Robert W. Baird decreased their price objective on Kohl’s from $18.00 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Six research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $11.15.

Kohl’s Price Performance

Shares of NYSE KSS opened at $6.69 on Thursday. The stock’s 50-day moving average is $8.96 and its two-hundred day moving average is $13.33. 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 has a market cap of $744.76 million, a price-to-earnings ratio of 3.01 and a beta of 1.65. Kohl’s Co. has a 1-year low of $6.04 and a 1-year high of $28.25.

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

Kohl’s Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.50 annualized dividend and a dividend yield of 7.47%. Kohl’s’s dividend payout ratio (DPR) is 51.02%.

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.