Janney Montgomery Scott LLC Lowers Position in Kohl’s Corporation (NYSE:KSS)

Janney Montgomery Scott LLC lessened its holdings in Kohl’s Corporation (NYSE:KSS) by 72.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,192 shares of the company’s stock after selling 37,317 shares during the period. Janney Montgomery Scott LLC’s holdings in Kohl’s were worth $116,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its position in Kohl’s by 98.5% during the fourth quarter. Jones Financial Companies Lllp now owns 45,916 shares of the company’s stock valued at $645,000 after purchasing an additional 22,785 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Kohl’s during the fourth quarter valued at about $26,000. Charles Schwab Investment Management Inc. raised its position in Kohl’s by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,771,546 shares of the company’s stock valued at $24,873,000 after purchasing an additional 55,540 shares in the last quarter. Victory Capital Management Inc. raised its position in Kohl’s by 7.4% during the fourth quarter. Victory Capital Management Inc. now owns 147,647 shares of the company’s stock valued at $2,073,000 after purchasing an additional 10,116 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Kohl’s during the fourth quarter valued at about $330,000. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Kohl’s Stock Down 2.8%

NYSE KSS opened at $9.02 on Tuesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.09 and a quick ratio of 0.14. The stock has a market capitalization of $1.01 billion, a PE ratio of 8.28 and a beta of 1.66. Kohl’s Corporation has a 1 year low of $6.04 and a 1 year high of $23.09. The business’s 50-day moving average is $8.13 and its 200 day moving average is $9.84.

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 company had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Kohl’s had a return on equity of 4.71% and a net margin of 0.75%. Kohl’s’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period last year, the firm earned ($0.24) earnings per share. Sell-side analysts forecast that Kohl’s Corporation will post 1.3 earnings per share for the current year.

Kohl’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.50 annualized dividend and a yield of 5.54%. Kohl’s’s payout ratio is 45.87%.

Wall Street Analysts Forecast Growth

KSS has been the topic of a number of research reports. Robert W. Baird raised their price target on Kohl’s from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, May 30th. Evercore ISI reduced their price objective on Kohl’s from $9.00 to $8.00 and set an “in-line” rating on the stock in a research note on Friday, May 2nd. Wall Street Zen downgraded Kohl’s from a “hold” rating to a “sell” rating in a report on Sunday, June 22nd. Citigroup decreased their price objective on Kohl’s from $11.00 to $8.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Finally, UBS Group decreased their price objective on Kohl’s from $10.00 to $5.00 and set a “sell” rating on the stock in a report on Wednesday, March 12th. Eight investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $9.75.

Kohl’s Company 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.