Kohl's Co. (NYSE:KSS) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC trimmed its stake in Kohl's Co. (NYSE:KSS - Free Report) by 66.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,451 shares of the company's stock after selling 156,686 shares during the period. Nuveen Asset Management LLC owned 0.07% of Kohl's worth $1,101,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. KBC Group NV boosted its stake in Kohl's by 58.5% in the fourth quarter. KBC Group NV now owns 5,347 shares of the company's stock valued at $75,000 after acquiring an additional 1,974 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in shares of Kohl's by 4.2% during the 4th quarter. Yousif Capital Management LLC now owns 57,307 shares of the company's stock valued at $805,000 after purchasing an additional 2,287 shares during the last quarter. Kingsview Wealth Management LLC purchased a new stake in shares of Kohl's during the 4th quarter valued at $516,000. Empowered Funds LLC boosted its position in shares of Kohl's by 15.3% in the 4th quarter. Empowered Funds LLC now owns 451,510 shares of the company's stock worth $6,339,000 after purchasing an additional 59,979 shares in the last quarter. Finally, Entropy Technologies LP grew its stake in Kohl's by 112.1% during the 4th quarter. Entropy Technologies LP now owns 137,223 shares of the company's stock worth $1,927,000 after buying an additional 72,532 shares during the last quarter. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Citigroup lowered their price target on Kohl's from $11.00 to $8.00 and set a "neutral" rating for the company in a report on Monday, March 17th. UBS Group dropped their target price on shares of Kohl's from $10.00 to $5.00 and set a "sell" rating on the stock in a research report on Wednesday, March 12th. Telsey Advisory Group reissued a "market perform" rating and set a $9.00 price objective on shares of Kohl's in a report on Thursday, May 29th. Wall Street Zen downgraded Kohl's from a "hold" rating to a "sell" rating in a research report on Sunday, June 1st. Finally, Robert W. Baird lifted their price target on Kohl's from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Friday, May 30th. Eight analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $9.75.

Kohl's Stock Performance

NYSE:KSS traded up $0.16 during trading hours on Friday, reaching $8.73. The company had a trading volume of 7,133,706 shares, compared to its average volume of 8,838,511. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. Kohl's Co. has a 1-year low of $6.04 and a 1-year high of $24.83. The business's 50 day moving average price is $7.36 and its 200-day moving average price is $10.91. The firm has a market cap of $971.86 million, a PE ratio of 3.93 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 the consensus estimate of ($0.22) by $0.09. The firm had revenue of $3.05 billion during the quarter, compared to analysts' expectations of $3.01 billion. Kohl's had a net margin of 1.47% and a return on equity of 6.44%. The business's revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.24) EPS. Research analysts forecast that Kohl's Co. will post 1.3 EPS for the current year.

Kohl's Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 11th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.73%. The ex-dividend date of this dividend is Wednesday, June 11th. Kohl's's dividend payout ratio (DPR) is presently 45.87%.

Kohl's Company 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.