Allianz Asset Management GmbH Sells 88,431 Shares of Kohl's Corporation (NYSE:KSS)

Allianz Asset Management GmbH decreased its holdings in shares of Kohl's Corporation (NYSE:KSS - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,557,580 shares of the company's stock after selling 88,431 shares during the quarter. Allianz Asset Management GmbH owned approximately 3.20% of Kohl's worth $29,101,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Kohl's in the 4th quarter worth about $330,000. Swiss National Bank boosted its holdings in shares of Kohl's by 0.7% in the fourth 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. American Century Companies Inc. boosted its holdings in shares of Kohl's by 11.7% in the fourth quarter. American Century Companies Inc. now owns 4,134,298 shares of the company's stock valued at $58,046,000 after acquiring an additional 433,264 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Kohl's in the fourth quarter valued at approximately $327,000. Finally, LPL Financial LLC boosted its holdings in shares of Kohl's by 45.9% in the fourth quarter. LPL Financial LLC now owns 65,235 shares of the company's stock valued at $916,000 after acquiring an additional 20,537 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company's stock.

Kohl's Stock Performance

NYSE:KSS traded up $1.32 during midday trading on Thursday, reaching $13.62. The stock had a trading volume of 31,249,660 shares, compared to its average volume of 19,263,080. Kohl's Corporation has a 1-year low of $6.04 and a 1-year high of $22.53. The firm's fifty day simple moving average is $8.97 and its 200-day simple moving average is $9.57. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.09 and a quick ratio of 0.14. The stock has a market capitalization of $1.53 billion, a P/E ratio of 12.50 and a beta of 1.66.

Kohl's (NYSE:KSS - Get Free Report) last posted its earnings results on Thursday, May 29th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.22) by $0.09. Kohl's had a net margin of 0.75% and a return on equity of 4.71%. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period last year, the business posted ($0.24) EPS. Kohl's's revenue was down 4.1% compared to the same quarter last year. On average, equities research analysts forecast that Kohl's Corporation will post 1.3 EPS for the current fiscal year.

Kohl's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th were given a $0.125 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.50 annualized dividend and a yield of 3.67%. Kohl's's dividend payout ratio is 45.87%.

Wall Street Analyst Weigh In

KSS has been the subject of several recent research reports. Telsey Advisory Group reissued a "market perform" rating and set a $9.00 target price on shares of Kohl's in a research note on Thursday, May 29th. Wall Street Zen lowered shares of Kohl's from a "hold" rating to a "sell" rating in a research note on Sunday, June 22nd. JPMorgan Chase & Co. increased their target price on shares of Kohl's from $7.00 to $8.00 and gave the company an "underweight" rating in a research note on Monday, May 19th. Robert W. Baird increased their target price on shares of Kohl's from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Friday, May 30th. Finally, Barclays increased their target price on shares of Kohl's from $4.00 to $5.00 and gave the company an "underweight" rating in a research note on Friday, May 30th. Eight analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. Based on data from MarketBeat.com, Kohl's presently has a consensus rating of "Hold" and an average price target of $9.75.

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.