International Assets Investment Management LLC Sells 274,395 Shares of Kohl’s Co. (NYSE:KSS)

International Assets Investment Management LLC reduced its holdings in shares of Kohl’s Co. (NYSE:KSS) by 50.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 271,675 shares of the company’s stock after selling 274,395 shares during the period. International Assets Investment Management LLC owned 0.24% of Kohl’s worth $3,814,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Silverleafe Capital Partners LLC bought a new stake in Kohl’s in the 4th quarter worth about $140,000. Franklin Resources Inc. grew its holdings in shares of Kohl’s by 25.6% in the third quarter. Franklin Resources Inc. now owns 45,179 shares of the company’s stock valued at $872,000 after acquiring an additional 9,196 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Kohl’s during the third quarter valued at approximately $215,000. Geode Capital Management LLC grew its stake in Kohl’s by 5.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,826,101 shares of the company’s stock valued at $38,541,000 after purchasing an additional 91,608 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Kohl’s during the 3rd quarter valued at $2,694,000. 98.04% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $14.05, for a total value of $53,769.35. Following the transaction, the executive vice president now owns 133,091 shares in the company, valued at $1,869,928.55. The trade was a 2.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.86% of the company’s stock.

Kohl’s Price Performance

Shares of NYSE:KSS traded down $0.44 during trading on Wednesday, reaching $13.38. The company had a trading volume of 2,001,379 shares, compared to its average volume of 5,762,796. Kohl’s Co. has a 12 month low of $13.35 and a 12 month high of $29.60. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $1.49 billion, a P/E ratio of 6.03, a price-to-earnings-growth ratio of 1.38 and a beta of 1.87. The company has a fifty day moving average of $15.81 and a two-hundred day moving average of $18.77.

Kohl’s (NYSE:KSS) last released its quarterly earnings results on Tuesday, November 26th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the previous year, the company earned $0.53 EPS. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. Equities research analysts forecast that Kohl’s Co. will post 1.3 earnings per share for the current year.

Kohl’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th were issued a $0.50 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $2.00 annualized dividend and a yield of 14.95%. Kohl’s’s dividend payout ratio (DPR) is presently 90.09%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Citigroup reduced their price target on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. TD Cowen cut their price target on Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, November 27th. Baird R W lowered Kohl’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Morgan Stanley cut their target price on Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Monday, November 25th. Finally, Guggenheim cut Kohl’s from a “buy” rating to a “neutral” rating in a research report on Monday, December 2nd. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat.com, Kohl’s presently has a consensus rating of “Hold” and an average price target of $17.22.

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.