Glenmede Trust Co. NA Has $10.60 Million Stake in Kohl’s Co. (NYSE:KSS)

Glenmede Trust Co. NA cut its holdings in shares of Kohl’s Co. (NYSE:KSS) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 502,213 shares of the company’s stock after selling 6,599 shares during the quarter. Glenmede Trust Co. NA owned about 0.45% of Kohl’s worth $10,597,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in KSS. Brown Brothers Harriman & Co. boosted its holdings in shares of Kohl’s by 183.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock worth $30,000 after acquiring an additional 917 shares during the period. Security National Bank bought a new stake in Kohl’s in the 2nd quarter valued at $34,000. Farther Finance Advisors LLC grew its holdings in Kohl’s by 117.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after buying an additional 1,034 shares in the last quarter. CWM LLC lifted its holdings in shares of Kohl’s by 97.1% during the second quarter. CWM LLC now owns 1,924 shares of the company’s stock worth $44,000 after buying an additional 948 shares in the last quarter. Finally, Abich Financial Wealth Management LLC bought a new stake in shares of Kohl’s in the second quarter valued at about $49,000. Institutional investors own 98.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on KSS shares. Evercore ISI dropped their price objective on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research note on Thursday, August 29th. Guggenheim dropped their price target on shares of Kohl’s from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday. Gordon Haskett downgraded Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price target on the stock. in a research report on Tuesday. Robert W. Baird cut Kohl’s from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $25.00 to $18.00 in a report on Wednesday. Finally, Baird R W lowered Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $17.22.

Insider Buying and Selling

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of Kohl’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total transaction of $315,392.09. Following the sale, the executive vice president now directly owns 136,799 shares of the company’s stock, valued at approximately $2,636,116.73. This trade represents a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.86% of the stock is currently owned by corporate insiders.

Kohl’s Stock Performance

NYSE:KSS opened at $15.00 on Friday. The company has a quick ratio of 0.16, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $1.67 billion, a PE ratio of 6.75, a price-to-earnings-growth ratio of 1.37 and a beta of 1.94. Kohl’s Co. has a twelve month low of $14.22 and a twelve month high of $29.60. The stock’s 50-day simple moving average is $18.63 and its 200 day simple moving average is $20.61.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.08). The company had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.64 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The company’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same period last year, the firm posted $0.53 earnings per share. On average, analysts anticipate that Kohl’s Co. will post 1.35 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. Investors of record on Wednesday, December 11th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 13.34%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl’s’s dividend payout ratio (DPR) is 90.09%.

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.