Connor Clark & Lunn Investment Management Ltd. Sells 188,937 Shares of Kohl's Corporation (NYSE:KSS)

Key Points

• Connor Clark & Lunn Investment Management Ltd. reduced its stake in Kohl's Corporation by 20.0%, selling 188,937 shares and now holding 754,478 shares, valued at approximately $6.17 million.
• Kohl's reported a net margin of 0.75% and had $3.05 billion in revenue for the last quarter, which was down 4.1% year-over-year.
• The company declared a quarterly dividend of $0.125 per share, reflecting an annualized yield of 3.9% and a payout ratio of 45.87%.

Connor Clark & Lunn Investment Management Ltd. cut its holdings in Kohl's Corporation (NYSE:KSS - Free Report) by 20.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 754,478 shares of the company's stock after selling 188,937 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.68% of Kohl's worth $6,172,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. National Bank of Canada FI bought a new position in Kohl's during the first quarter valued at $25,000. CWM LLC boosted its holdings in shares of Kohl's by 49.7% in the first quarter. CWM LLC now owns 4,177 shares of the company's stock worth $34,000 after acquiring an additional 1,386 shares during the period. State of Wyoming bought a new position in shares of Kohl's in the fourth quarter worth $35,000. Cheviot Value Management LLC bought a new position in shares of Kohl's in the first quarter worth $36,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Kohl's by 3,022.6% in the first quarter. Versant Capital Management Inc now owns 6,089 shares of the company's stock worth $50,000 after acquiring an additional 5,894 shares during the period. 98.04% of the stock is owned by institutional investors.

Kohl's Trading Up 5.0%

Shares of KSS stock opened at $12.82 on Wednesday. The business's fifty day moving average is $9.92 and its 200 day moving average is $9.40. Kohl's Corporation has a 52-week low of $6.04 and a 52-week high of $21.39. 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 company has a market capitalization of $1.44 billion, a PE ratio of 11.76 and a beta of 1.73.

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

Kohl's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.9%. Kohl's's payout ratio is 45.87%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KSS. Wall Street Zen lowered Kohl's from a "hold" rating to a "sell" rating in a report on Sunday, June 22nd. The Goldman Sachs Group reaffirmed a "sell" rating on shares of Kohl's in a report on Thursday, May 29th. JPMorgan Chase & Co. raised their price target on Kohl's from $8.00 to $10.00 and gave the stock an "underweight" rating in a report on Monday, July 28th. Barclays raised their price target on Kohl's from $4.00 to $5.00 and gave the stock an "underweight" rating in a report on Friday, May 30th. Finally, Robert W. Baird raised their price target on Kohl's from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Friday, May 30th. Seven investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $9.89.

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.

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