Oak Thistle LLC Trims Stake in Kohl’s Co. (NYSE:KSS)

Oak Thistle LLC lessened its holdings in shares of Kohl’s Co. (NYSE:KSS) by 46.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,371 shares of the company’s stock after selling 18,799 shares during the quarter. Oak Thistle LLC’s holdings in Kohl’s were worth $300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Quadrature Capital Ltd lifted its position in Kohl’s by 151.8% during the third quarter. Quadrature Capital Ltd now owns 66,744 shares of the company’s stock valued at $1,408,000 after purchasing an additional 40,238 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Kohl’s by 149.3% during the 3rd quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock valued at $349,671,000 after buying an additional 9,925,878 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Kohl’s during the 3rd quarter valued at approximately $735,000. Y Intercept Hong Kong Ltd purchased a new stake in Kohl’s in the 3rd quarter worth approximately $2,694,000. Finally, Victory Capital Management Inc. increased its holdings in Kohl’s by 226.4% in the 3rd quarter. Victory Capital Management Inc. now owns 137,531 shares of the company’s stock worth $2,902,000 after acquiring an additional 95,398 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.

Insider Activity at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 133,091 shares in the company, valued at $1,869,928.55. This represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.86% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KSS. Baird R W lowered shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Citigroup dropped their target price on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Telsey Advisory Group cut their price target on Kohl’s from $23.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, November 27th. Guggenheim lowered Kohl’s from a “buy” rating to a “neutral” rating in a research note on Monday, December 2nd. Finally, Robert W. Baird downgraded Kohl’s from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $25.00 to $18.00 in a research note on Wednesday, November 27th. Three equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $17.22.

Kohl’s Price Performance

NYSE:KSS opened at $12.99 on Friday. The company has a market capitalization of $1.45 billion, a P/E ratio of 5.85 and a beta of 1.87. The business’s 50-day moving average is $15.00 and its 200 day moving average is $18.26. 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 12 month low of $12.62 and a 12 month 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 analysts’ consensus estimates of $0.28 by ($0.08). The firm 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 firm’s revenue was down 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 earnings per share. On average, equities research analysts forecast that Kohl’s Co. will post 1.31 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th were issued 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 dividend yield of 15.40%. Kohl’s’s dividend payout ratio (DPR) is presently 90.09%.

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.