Janney Montgomery Scott LLC Lowers Stock Position in Kohl’s Co. (NYSE:KSS)

Janney Montgomery Scott LLC lowered its position in shares of Kohl’s Co. (NYSE:KSS) by 65.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 51,509 shares of the company’s stock after selling 98,508 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Kohl’s were worth $723,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Brown Brothers Harriman & Co. raised its position in shares of 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 purchasing an additional 917 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Kohl’s by 117.5% in the third 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 last quarter. Quest Partners LLC acquired a new position in Kohl’s during the 3rd quarter worth $60,000. Abich Financial Wealth Management LLC increased its position in shares of Kohl’s by 70.5% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 3,669 shares of the company’s stock worth $77,000 after purchasing an additional 1,517 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of Kohl’s by 14.1% during 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. Institutional investors and hedge funds own 98.04% of the company’s stock.

Kohl’s Price Performance

Shares of NYSE:KSS opened at $12.08 on Friday. The firm’s 50 day moving average is $13.94 and its two-hundred day moving average is $17.41. The firm has a market capitalization of $1.34 billion, a P/E ratio of 5.44 and a beta of 1.85. 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 52 week low of $12.06 and a 52 week high of $29.60.

Kohl’s (NYSE:KSS) last posted 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 net margin of 1.47% and a return on equity of 6.44%. The business had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. The firm’s revenue was down 8.5% compared to the same quarter last year. Analysts anticipate that Kohl’s Co. will post 1.31 earnings per share for the current year.

Kohl’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Wednesday, December 11th were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a yield of 16.56%. Kohl’s’s dividend payout ratio is presently 90.09%.

Insider Buying and Selling at Kohl’s

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of the business’s 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 of the company’s stock, valued at approximately $1,869,928.55. The trade was a 2.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.86% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KSS. Robert W. Baird lowered Kohl’s from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $25.00 to $18.00 in a research report on Wednesday, November 27th. Morgan Stanley dropped their target price on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Monday, November 25th. Baird R W lowered shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. TD Cowen dropped their price objective on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, November 27th. Finally, Citigroup decreased their target price 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’s stock. According to data from MarketBeat, Kohl’s has a consensus 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.