Connor Clark & Lunn Investment Management Ltd. Sells 47,550 Shares of Kohl’s Co. (NYSE:KSS)

Connor Clark & Lunn Investment Management Ltd. lowered its holdings in shares of Kohl’s Co. (NYSE:KSS) by 11.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 369,836 shares of the company’s stock after selling 47,550 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Kohl’s were worth $7,804,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Security National Bank bought a new stake in shares of Kohl’s during the second quarter worth $34,000. Farther Finance Advisors LLC increased its stake in Kohl’s by 117.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock worth $40,000 after buying an additional 1,034 shares during the period. CWM LLC lifted its holdings in Kohl’s by 97.1% during the 2nd quarter. CWM LLC now owns 1,924 shares of the company’s stock valued at $44,000 after buying an additional 948 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in Kohl’s in the 2nd quarter valued at about $49,000. Finally, Summit Securities Group LLC boosted its position in Kohl’s by 50.0% in the 2nd quarter. Summit Securities Group LLC now owns 2,400 shares of the company’s stock valued at $55,000 after buying an additional 800 shares during the period. Institutional investors own 98.04% of the company’s stock.

Insider Buying and Selling

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the business’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total transaction of $315,392.09. Following the transaction, the executive vice president now directly owns 136,799 shares in the company, valued at $2,636,116.73. The trade was a 10.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.86% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Morgan Stanley lowered shares of Kohl’s to an “underweight” rating and reduced their target price for the stock from $18.00 to $17.00 in a research report on Tuesday, August 27th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 target price on shares of Kohl’s in a research report on Wednesday, August 28th. Evercore ISI lowered their target price on Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a report on Thursday, August 29th. Citigroup cut their price target on Kohl’s from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, November 18th. Finally, Robert W. Baird decreased their price objective on Kohl’s from $27.00 to $25.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $20.43.

Kohl’s Stock Up 3.9 %

Shares of NYSE KSS opened at $17.04 on Friday. Kohl’s Co. has a 12-month low of $16.12 and a 12-month high of $29.60. The stock’s fifty day simple moving average is $19.00 and its two-hundred day simple moving average is $20.96. The stock has a market capitalization of $1.90 billion, a PE ratio of 6.44, a price-to-earnings-growth ratio of 1.17 and a beta of 1.94. The company has a current ratio of 1.08, a quick ratio of 0.16 and a debt-to-equity ratio of 0.98.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.13. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The company had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter last year, the company earned $0.52 earnings per share. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, analysts expect that Kohl’s Co. will post 1.81 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.74%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl’s’s payout ratio is currently 78.43%.

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.