Bank of New York Mellon Corp Has $6.68 Million Stock Holdings in Kohl's Corporation (NYSE:KSS)

Bank of New York Mellon Corp cut its holdings in Kohl's Corporation (NYSE:KSS - Free Report) by 11.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 816,327 shares of the company's stock after selling 100,734 shares during the quarter. Bank of New York Mellon Corp owned about 0.73% of Kohl's worth $6,678,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of KSS. Raymond James Financial Inc. acquired a new position in shares of Kohl's in the 4th quarter valued at approximately $330,000. Swiss National Bank boosted its position in shares of Kohl's by 0.7% during the fourth quarter. Swiss National Bank now owns 218,800 shares of the company's stock worth $3,072,000 after buying an additional 1,600 shares during the period. American Century Companies Inc. boosted its position in shares of Kohl's by 11.7% during the fourth quarter. American Century Companies Inc. now owns 4,134,298 shares of the company's stock worth $58,046,000 after buying an additional 433,264 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Kohl's during the fourth quarter worth about $327,000. Finally, LPL Financial LLC boosted its position in shares of Kohl's by 45.9% during the fourth quarter. LPL Financial LLC now owns 65,235 shares of the company's stock worth $916,000 after buying an additional 20,537 shares during the period. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Kohl's Stock Performance

Shares of KSS stock traded down $0.84 during midday trading on Friday, hitting $12.79. 16,532,410 shares of the company were exchanged, compared to its average volume of 20,551,654. The firm has a market capitalization of $1.43 billion, a P/E ratio of 11.73 and a beta of 1.66. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.14 and a current ratio of 1.09. The firm's 50 day moving average price is $9.05 and its two-hundred day moving average price is $9.53. Kohl's Corporation has a 52 week low of $6.04 and a 52 week high of $22.53.

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

Kohl's Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend was Wednesday, June 11th. Kohl's's dividend payout ratio is 45.87%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Robert W. Baird upped their price objective on Kohl's from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Friday, May 30th. Wall Street Zen cut Kohl's from a "hold" rating to a "sell" rating in a research report on Sunday, June 22nd. Evercore ISI reduced their price objective on Kohl's from $9.00 to $8.00 and set an "in-line" rating for the company in a research report on Friday, May 2nd. The Goldman Sachs Group reaffirmed a "sell" rating on shares of Kohl's in a research report on Thursday, May 29th. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $9.00 price target on shares of Kohl's in a research report on Thursday, May 29th. Eight investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $9.75.

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.