Greatmark Investment Partners Inc. Sells 61,719 Shares of Kohl’s Co. (NYSE:KSS)

Greatmark Investment Partners Inc. trimmed its position in shares of Kohl’s Co. (NYSE:KSS) by 69.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,570 shares of the company’s stock after selling 61,719 shares during the quarter. Greatmark Investment Partners Inc.’s holdings in Kohl’s were worth $387,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Brown Brothers Harriman & Co. boosted its position in 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 acquiring an additional 917 shares in the last quarter. Farther Finance Advisors LLC boosted its position in 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 acquiring an additional 1,034 shares in the last quarter. Illinois Municipal Retirement Fund boosted its position in Kohl’s by 2.6% during the 4th quarter. Illinois Municipal Retirement Fund now owns 59,987 shares of the company’s stock valued at $842,000 after acquiring an additional 1,522 shares in the last quarter. Impact Partnership Wealth LLC boosted its position in Kohl’s by 12.1% during the 4th quarter. Impact Partnership Wealth LLC now owns 14,671 shares of the company’s stock valued at $206,000 after acquiring an additional 1,583 shares in the last quarter. Finally, Swiss National Bank boosted its position in Kohl’s by 0.7% during the 4th quarter. Swiss National Bank now owns 218,800 shares of the company’s stock valued at $3,072,000 after acquiring an additional 1,600 shares in the last quarter. 98.04% of the stock is owned by institutional investors.

Insider Buying and Selling at Kohl’s

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

Kohl’s Price Performance

Shares of KSS opened at $8.02 on Friday. The firm has a market cap of $892.33 million, a PE ratio of 3.61 and a beta of 1.92. 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 firm has a fifty day simple moving average of $12.23 and a two-hundred day simple moving average of $15.81. Kohl’s Co. has a 1-year low of $7.96 and a 1-year high of $29.60.

Kohl’s (NYSE:KSS) last announced its earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.23. The business had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.25 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The company’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.67 EPS. On average, equities analysts anticipate that Kohl’s Co. will post 1.3 EPS for the current year.

Kohl’s Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.50 dividend on an annualized basis and a yield of 6.24%. Kohl’s’s dividend payout ratio is presently 90.09%.

Analyst Ratings Changes

Several analysts have weighed in on KSS shares. TD Cowen cut their price objective on Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a research report on Wednesday, November 27th. Robert W. Baird lowered their target price on shares of Kohl’s from $18.00 to $11.00 and set a “neutral” rating for the company in a report on Wednesday. Bank of America lowered their target price on shares of Kohl’s from $15.00 to $8.00 and set an “underperform” rating for the company in a report on Wednesday. Telsey Advisory Group reiterated a “market perform” rating and set a $13.00 target price on shares of Kohl’s in a report on Tuesday. Finally, UBS Group lowered their target price on shares of Kohl’s from $10.00 to $5.00 and set a “sell” rating for the company in a report on Wednesday. Six research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $12.56.

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.