JPMorgan Chase & Co. Reduces Stock Position in Kohl's Co. (NYSE:KSS)

JPMorgan Chase & Co. reduced its stake in shares of Kohl's Co. (NYSE:KSS - Free Report) by 82.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,301 shares of the company's stock after selling 678,096 shares during the period. JPMorgan Chase & Co. owned 0.13% of Kohl's worth $2,096,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of KSS. SBI Securities Co. Ltd. purchased a new stake in Kohl's in the 4th quarter worth approximately $26,000. Bogart Wealth LLC purchased a new stake in Kohl's in the 4th quarter worth approximately $35,000. KBC Group NV grew its stake in Kohl's by 58.5% in the 4th quarter. KBC Group NV now owns 5,347 shares of the company's stock worth $75,000 after acquiring an additional 1,974 shares during the period. Platinum Investment Management Ltd. grew its stake in Kohl's by 30.7% in the 4th quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company's stock worth $86,000 after acquiring an additional 1,436 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Kohl's during the 4th quarter valued at $100,000. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Kohl's Stock Down 2.4 %

Shares of NYSE:KSS traded down $0.17 during mid-day trading on Tuesday, hitting $6.81. 6,080,693 shares of the company traded hands, compared to its average volume of 8,445,216. The firm has a market cap of $758.12 million, a P/E ratio of 3.07 and a beta of 1.65. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. Kohl's Co. has a 52-week low of $6.04 and a 52-week high of $28.25. The firm's 50 day simple moving average is $8.58 and its 200 day simple moving average is $12.95.

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

Kohl's Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.50 annualized dividend and a yield of 7.34%. Kohl's's dividend payout ratio is presently 51.02%.

Wall Street Analysts Forecast Growth

KSS has been the subject of several research reports. Citigroup lowered their price objective on shares of Kohl's from $11.00 to $8.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. The Goldman Sachs Group lowered their price objective on shares of Kohl's from $7.50 to $4.00 and set a "sell" rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley lowered their price objective on shares of Kohl's from $10.00 to $8.00 and set an "underweight" rating for the company in a research note on Wednesday, March 12th. Robert W. Baird lowered their price objective on shares of Kohl's from $18.00 to $11.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. Finally, Bank of America lowered their price objective on shares of Kohl's from $15.00 to $8.00 and set an "underperform" rating for the company in a research note on Wednesday, March 12th. Seven equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. According to data from MarketBeat.com, Kohl's presently has a consensus rating of "Hold" and an average price target of $10.64.

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.