Dana Investment Advisors Inc. Sells 103,000 Shares of Kohl’s Corporation $KSS

Dana Investment Advisors Inc. reduced its position in Kohl’s Corporation (NYSE:KSS) by 36.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 181,583 shares of the company’s stock after selling 103,000 shares during the quarter. Dana Investment Advisors Inc. owned approximately 0.16% of Kohl’s worth $2,791,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of KSS. JPMorgan Chase & Co. raised its stake in shares of Kohl’s by 3,123.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,011,182 shares of the company’s stock valued at $30,912,000 after buying an additional 1,948,783 shares in the last quarter. Geode Capital Management LLC increased its stake in Kohl’s by 43.0% in the second quarter. Geode Capital Management LLC now owns 2,615,482 shares of the company’s stock valued at $22,182,000 after acquiring an additional 785,936 shares during the period. Caxton Associates LLP raised its position in Kohl’s by 2,958.8% in the second quarter. Caxton Associates LLP now owns 621,862 shares of the company’s stock worth $5,273,000 after purchasing an additional 601,532 shares in the last quarter. Norges Bank bought a new position in Kohl’s during the second quarter worth about $3,572,000. Finally, Federated Hermes Inc. acquired a new stake in Kohl’s during the third quarter valued at approximately $5,198,000. Institutional investors and hedge funds own 98.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. TD Cowen reissued a “hold” rating on shares of Kohl’s in a report on Wednesday, November 26th. Robert W. Baird set a $24.00 price target on Kohl’s in a research report on Wednesday, December 17th. Citigroup cut their price objective on Kohl’s from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kohl’s in a report on Thursday, January 22nd. Finally, The Goldman Sachs Group increased their target price on shares of Kohl’s from $11.00 to $15.00 and gave the stock a “sell” rating in a research report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have assigned a Hold rating and six have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $15.27.

Insiders Place Their Bets

In other Kohl’s news, CFO Jill Timm sold 25,000 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $22.75, for a total transaction of $568,750.00. Following the transaction, the chief financial officer owned 335,561 shares of the company’s stock, valued at approximately $7,634,012.75. This represents a 6.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by company insiders.

Kohl’s Stock Performance

Shares of NYSE:KSS opened at $17.16 on Thursday. The business has a fifty day moving average of $19.39 and a 200-day moving average of $17.96. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.12 and a current ratio of 1.30. Kohl’s Corporation has a twelve month low of $6.04 and a twelve month high of $25.22. The firm has a market cap of $1.92 billion, a PE ratio of 9.97 and a beta of 1.44.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Tuesday, November 25th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.29. Kohl’s had a net margin of 1.23% and a return on equity of 4.30%. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same quarter in the prior year, the firm earned $0.20 EPS. The company’s revenue was down 3.6% on a year-over-year basis. On average, equities research analysts predict that Kohl’s Corporation will post 1.3 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.9%. The ex-dividend date is Wednesday, March 18th. Kohl’s’s payout ratio is 29.07%.

Kohl’s Profile

Kohl’s Corporation, founded in 1962 by Maxwell Kohl and headquartered in Menomonee Falls, Wisconsin, is a leading American department store retailer. The company operates approximately 1,100 stores across 49 states, offering a combination of value-oriented pricing, private-label brands and national labels. Since its initial public offering in 1992, Kohl’s has focused on broadening its product assortment and enhancing the in-store and online shopping experience.

The retailer’s merchandise portfolio spans apparel, footwear, accessories, and beauty products for women, men and children, as well as home goods, kitchenware and seasonal décor.