Hestia Capital Management LLC Takes $2.79 Million Position in Kohl’s Co. (NYSE:KSS)

Hestia Capital Management LLC acquired a new position in Kohl’s Co. (NYSE:KSS) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 198,700 shares of the company’s stock, valued at approximately $2,790,000. Kohl’s accounts for about 1.9% of Hestia Capital Management LLC’s investment portfolio, making the stock its 2nd biggest holding.

Several other institutional investors also recently modified their holdings of the stock. Signaturefd LLC increased its position in shares of Kohl’s by 14.1% in the third quarter. Signaturefd LLC now owns 3,965 shares of the company’s stock worth $84,000 after purchasing an additional 491 shares during the last quarter. Insight Folios Inc grew its position in Kohl’s by 3.4% during the third quarter. Insight Folios Inc now owns 21,444 shares of the company’s stock valued at $452,000 after acquiring an additional 701 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in Kohl’s by 183.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock valued at $30,000 after acquiring an additional 917 shares during the last quarter. Farther Finance Advisors LLC grew its position in Kohl’s by 117.5% during the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after acquiring an additional 1,034 shares during the last quarter. Finally, Abich Financial Wealth Management LLC grew its position in Kohl’s by 70.5% during the third quarter. Abich Financial Wealth Management LLC now owns 3,669 shares of the company’s stock valued at $77,000 after acquiring an additional 1,517 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $14.05, for a total transaction of $53,769.35. Following the completion of the transaction, the executive vice president now owns 133,091 shares of the company’s stock, 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 can be accessed through this link. Insiders own 0.86% of the company’s stock.

Kohl’s Stock Performance

Shares of KSS stock opened at $12.08 on Friday. The stock has a fifty day moving average of $13.88 and a 200 day moving average of $17.35. Kohl’s Co. has a 52 week low of $12.06 and a 52 week high of $29.60. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 5.44 and a beta of 1.85. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The business had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the previous year, the business earned $0.53 EPS. The business’s revenue was down 8.5% compared to the same quarter last year. As a group, research analysts expect that Kohl’s Co. will post 1.3 earnings per share for the current year.

Kohl’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 16.56%. The ex-dividend date was Wednesday, December 11th. Kohl’s’s dividend payout ratio is currently 90.09%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KSS. Baird R W cut shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Gordon Haskett cut shares of 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, November 26th. Guggenheim lowered Kohl’s from a “buy” rating to a “neutral” rating in a research note on Monday, December 2nd. Robert W. Baird lowered 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 research note on Wednesday, November 27th. Finally, Citigroup dropped their price objective on Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. Three analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $16.70.

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.