Independent Wealth Network Inc. Sells 1,065 Shares of Kohl’s Co. (NYSE:KSS)

Independent Wealth Network Inc. reduced its position in Kohl’s Co. (NYSE:KSS) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,052 shares of the company’s stock after selling 1,065 shares during the period. Independent Wealth Network Inc.’s holdings in Kohl’s were worth $478,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Signaturefd LLC raised its position in Kohl’s by 14.1% in the 3rd quarter. Signaturefd LLC now owns 3,965 shares of the company’s stock valued at $84,000 after buying an additional 491 shares during the last quarter. Insight Folios Inc increased its position in shares of Kohl’s by 3.4% during the 3rd quarter. Insight Folios Inc now owns 21,444 shares of the company’s stock valued at $452,000 after purchasing an additional 701 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Kohl’s by 183.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock valued at $30,000 after purchasing an additional 917 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Kohl’s by 117.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after purchasing an additional 1,034 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Kohl’s by 0.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 234,659 shares of the company’s stock valued at $5,395,000 after purchasing an additional 1,079 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors.

Kohl’s Stock Performance

Shares of NYSE KSS opened at $13.38 on Thursday. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 6.03 and a beta of 1.87. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97. Kohl’s Co. has a 1-year low of $12.62 and a 1-year high of $29.60. The stock’s 50-day moving average is $14.79 and its 200 day moving average is $18.10.

Kohl’s (NYSE:KSS) last posted its earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $3.64 billion. During the same period last year, the firm posted $0.53 earnings per share. Kohl’s’s quarterly revenue was down 8.5% on a year-over-year basis. On average, sell-side analysts anticipate that Kohl’s Co. will post 1.31 EPS for the current fiscal year.

Kohl’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, December 11th. This represents a $2.00 annualized dividend and a dividend yield of 14.95%. Kohl’s’s dividend payout ratio is presently 90.09%.

Insiders Place Their Bets

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of the business’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $14.05, for a total value of $53,769.35. Following the sale, the executive vice president now directly owns 133,091 shares of the company’s stock, valued at approximately $1,869,928.55. The trade was a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on KSS shares. TD Cowen decreased their target price on Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, November 27th. Baird R W downgraded Kohl’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Telsey Advisory Group cut their price target on Kohl’s from $23.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, November 27th. Gordon Haskett downgraded Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price target for the company. in a research note on Tuesday, November 26th. Finally, Guggenheim downgraded Kohl’s from a “buy” rating to a “neutral” rating in a research note on Monday, December 2nd. Three analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $17.22.

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.