Vision One Management Partners LP Sells 781,049 Shares of Kohl’s Co. (NYSE:KSS)

Vision One Management Partners LP cut its position in Kohl’s Co. (NYSE:KSS) by 86.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,839 shares of the company’s stock after selling 781,049 shares during the quarter. Kohl’s accounts for 1.8% of Vision One Management Partners LP’s holdings, making the stock its 8th largest holding. Vision One Management Partners LP’s holdings in Kohl’s were worth $2,634,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of KSS. Whitebox Advisors LLC grew its position in Kohl’s by 19.0% in the 3rd quarter. Whitebox Advisors LLC now owns 62,770 shares of the company’s stock valued at $1,324,000 after acquiring an additional 10,000 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc lifted its position in shares of Kohl’s by 25.0% during the third quarter. Texas Capital Bank Wealth Management Services Inc now owns 100,000 shares of the company’s stock worth $2,110,000 after purchasing an additional 20,000 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Kohl’s by 121.3% in the third quarter. Stifel Financial Corp now owns 48,090 shares of the company’s stock valued at $1,015,000 after purchasing an additional 26,362 shares during the period. Quadrature Capital Ltd grew its holdings in shares of Kohl’s by 151.8% in 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. Finally, Quarry LP increased its stake in Kohl’s by 687.4% during the 3rd quarter. Quarry LP now owns 4,858 shares of the company’s stock worth $103,000 after buying an additional 4,241 shares during the period. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on KSS shares. Guggenheim cut shares of Kohl’s from a “buy” rating to a “neutral” rating in a research report on Monday. TD Cowen decreased their target price on Kohl’s from $20.00 to $16.00 and set a “hold” 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 on the stock in a report on Wednesday, November 27th. Baird R W lowered Kohl’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Gordon Haskett downgraded Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price objective for the company. in a research report on Tuesday, November 26th. Three analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $17.22.

Kohl’s Price Performance

KSS stock opened at $15.40 on Friday. The business has a 50 day moving average price of $18.28 and a 200 day moving average price of $20.32. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 6.93, a PEG ratio of 1.46 and a beta of 1.88. Kohl’s Co. has a fifty-two week low of $14.22 and a fifty-two week high of $29.60.

Kohl’s (NYSE:KSS) last released its quarterly earnings data on Tuesday, November 26th. The company reported $0.20 earnings per share 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 company had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period in the previous year, the business posted $0.53 EPS. The firm’s revenue for the quarter was down 8.5% compared to the same quarter last year. Equities research analysts anticipate that Kohl’s Co. will post 1.3 earnings per share for the current fiscal year.

Kohl’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $2.00 annualized dividend and a yield of 12.99%. Kohl’s’s dividend payout ratio is presently 90.09%.

Insiders Place Their Bets

In other news, EVP Feeney Siobhan Mc sold 16,367 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total value of $315,392.09. Following the completion of 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 represents a 10.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.86% of the company’s stock.

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.