Wealth Enhancement Advisory Services LLC Sells 9,684 Shares of Kohl’s Co. (NYSE:KSS)

Wealth Enhancement Advisory Services LLC lessened its holdings in Kohl’s Co. (NYSE:KSS) by 35.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,802 shares of the company’s stock after selling 9,684 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Kohl’s were worth $250,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Vident Advisory LLC raised its holdings in Kohl’s by 9.3% during the 4th quarter. Vident Advisory LLC now owns 11,421 shares of the company’s stock worth $160,000 after purchasing an additional 967 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in Kohl’s by 1.7% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 59,124 shares of the company’s stock worth $830,000 after purchasing an additional 972 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Kohl’s by 7.6% during the 4th quarter. Russell Investments Group Ltd. now owns 17,526 shares of the company’s stock worth $246,000 after purchasing an additional 1,232 shares during the last quarter. Platinum Investment Management Ltd. raised its holdings in Kohl’s by 30.7% during the 4th 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 during the last quarter. Finally, Illinois Municipal Retirement Fund raised its holdings in Kohl’s by 2.6% during the 4th quarter. Illinois Municipal Retirement Fund now owns 59,987 shares of the company’s stock worth $842,000 after purchasing an additional 1,522 shares during the last quarter. Institutional investors own 98.04% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on KSS. Bank of America lowered their price target on shares of Kohl’s from $15.00 to $8.00 and set an “underperform” rating for the company in a report on Wednesday, March 12th. Evercore ISI lowered their price objective on shares of Kohl’s from $9.00 to $8.00 and set an “in-line” rating for the company in a research note on Friday, May 2nd. Citigroup lowered their price objective on shares of Kohl’s from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Telsey Advisory Group restated a “market perform” rating and set a $9.00 price target on shares of Kohl’s in a research note on Thursday, May 29th. Finally, Wall Street Zen upgraded shares of Kohl’s from a “sell” rating to a “hold” rating in a research note on Saturday. Seven equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $9.75.

Kohl’s Stock Performance

NYSE KSS opened at $8.12 on Monday. Kohl’s Co. has a 1 year low of $6.04 and a 1 year high of $24.83. 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 firm has a market cap of $909.22 million, a price-to-earnings ratio of 3.66 and a beta of 1.66. The company has a fifty day moving average price of $7.54 and a 200-day moving average price of $10.53.

Kohl’s (NYSE:KSS) last posted its earnings results on Thursday, May 29th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.09. The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.01 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The business’s revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.24) EPS. As a group, equities research analysts predict that Kohl’s Co. will post 1.3 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 11th will be given a dividend of $0.125 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.50 annualized dividend and a yield of 6.16%. Kohl’s’s payout ratio is currently 45.87%.

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.