Allianz Asset Management GmbH Increases Stock Position in Kohl's Co. (NYSE:KSS)

Allianz Asset Management GmbH lifted its position in Kohl's Co. (NYSE:KSS - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,646,011 shares of the company's stock after acquiring an additional 117,819 shares during the quarter. Allianz Asset Management GmbH owned approximately 3.28% of Kohl's worth $51,190,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Brown Brothers Harriman & Co. increased its stake in Kohl's by 183.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company's stock valued at $30,000 after buying an additional 917 shares during the last quarter. Bogart Wealth LLC purchased a new stake in shares of Kohl's during the fourth quarter valued at approximately $35,000. Farther Finance Advisors LLC lifted its holdings in Kohl's by 117.5% during the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company's stock worth $40,000 after acquiring an additional 1,034 shares during the period. Quest Partners LLC purchased a new position in Kohl's in the third quarter worth $60,000. Finally, KBC Group NV boosted its position in Kohl's by 58.5% in the fourth quarter. KBC Group NV now owns 5,347 shares of the company's stock worth $75,000 after purchasing an additional 1,974 shares during the last quarter. 98.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on KSS. Baird R W cut Kohl's from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 27th. Morgan Stanley lowered their price objective on shares of Kohl's from $17.00 to $15.00 and set an "underweight" rating on the stock in a research report on Monday, November 25th. Guggenheim lowered shares of Kohl's from a "buy" rating to a "neutral" rating in a research note on Monday, December 2nd. TD Cowen lowered their price target on shares of Kohl's from $20.00 to $16.00 and set a "hold" rating on the stock in a report on Wednesday, November 27th. Finally, Citigroup reduced their price objective on Kohl's from $18.00 to $14.00 and set a "neutral" rating for the company in a report on Wednesday, November 27th. Three research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $16.70.

Kohl's Stock Performance

Shares of NYSE KSS traded down $0.09 during mid-day trading on Wednesday, hitting $11.94. The company had a trading volume of 6,225,414 shares, compared to its average volume of 7,262,734. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97. Kohl's Co. has a 1 year low of $11.53 and a 1 year high of $29.60. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 5.38 and a beta of 1.85. The stock's 50-day moving average price is $13.15 and its 200-day moving average price is $16.58.

Kohl's (NYSE:KSS - Get Free Report) last issued its earnings results on Tuesday, November 26th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.08). Kohl's had a return on equity of 6.44% and a net margin of 1.47%. The company had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the prior year, the business earned $0.53 EPS. The firm's revenue for the quarter was down 8.5% compared to the same quarter last year. On average, sell-side analysts forecast that Kohl's Co. will post 1.3 earnings per share for the current year.

Insider Activity

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $14.05, for a total value of $53,769.35. Following the sale, the executive vice president now owns 133,091 shares in the company, valued at approximately $1,869,928.55. This trade represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.86% of the stock is owned by company insiders.

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.