Kohl’s Co. (NYSE:KSS) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. trimmed its holdings in Kohl’s Co. (NYSE:KSS) by 7.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,795 shares of the company’s stock after selling 2,474 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Kohl’s were worth $941,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Money Concepts Capital Corp lifted its holdings in Kohl’s by 4.1% in the 4th quarter. Money Concepts Capital Corp now owns 7,912 shares of the company’s stock valued at $200,000 after acquiring an additional 312 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in Kohl’s by 3.2% in the 2nd quarter. Osaic Holdings Inc. now owns 15,136 shares of the company’s stock valued at $351,000 after acquiring an additional 475 shares during the last quarter. Blair William & Co. IL lifted its holdings in Kohl’s by 1.8% in the 1st quarter. Blair William & Co. IL now owns 28,668 shares of the company’s stock valued at $1,733,000 after acquiring an additional 502 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in Kohl’s by 1.2% in the 2nd quarter. Baird Financial Group Inc. now owns 47,062 shares of the company’s stock valued at $1,085,000 after acquiring an additional 537 shares during the last quarter. Finally, Quarry LP raised its holdings in Kohl’s by 81.1% during the 1st quarter. Quarry LP now owns 1,326 shares of the company’s stock worth $31,000 after buying an additional 594 shares during the period. 98.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on KSS shares. StockNews.com upgraded Kohl’s from a “hold” rating to a “buy” rating in a report on Friday. Citigroup cut their price objective on Kohl’s from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, March 13th. Telsey Advisory Group boosted their price objective on Kohl’s from $25.00 to $28.00 and gave the stock a “market perform” rating in a report on Wednesday, March 13th. JPMorgan Chase & Co. boosted their price objective on Kohl’s from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Finally, Morgan Stanley boosted their price objective on Kohl’s from $18.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Kohl’s has an average rating of “Hold” and an average target price of $24.20.

Kohl’s Price Performance

Shares of KSS opened at $22.23 on Tuesday. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 7.80, a P/E/G ratio of 1.27 and a beta of 1.98. Kohl’s Co. has a fifty-two week low of $17.68 and a fifty-two week high of $29.65. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.31 and a quick ratio of 0.20. The business’s 50-day moving average is $26.66 and its 200-day moving average is $25.17.

Kohl’s (NYSE:KSS) last released its quarterly earnings data on Tuesday, March 12th. The company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.39. Kohl’s had a return on equity of 8.40% and a net margin of 1.81%. The firm had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter in the prior year, the company posted ($2.49) earnings per share. The firm’s revenue was down 1.1% on a year-over-year basis. Equities research analysts expect that Kohl’s Co. will post 2.24 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 20th were issued a $0.50 dividend. The ex-dividend date was Tuesday, March 19th. This represents a $2.00 dividend on an annualized basis and a yield of 9.00%. Kohl’s’s dividend payout ratio is currently 70.18%.

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.