FNY Investment Advisers LLC Makes New $101,000 Investment in Kohl’s Co. (NYSE:KSS)

FNY Investment Advisers LLC acquired a new stake in shares of Kohl’s Co. (NYSE:KSS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,200 shares of the company’s stock, valued at approximately $101,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. raised its holdings in Kohl’s by 183.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock valued at $30,000 after buying an additional 917 shares during the last quarter. 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 worth $40,000 after acquiring an additional 1,034 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new position in shares of Kohl’s in the second quarter valued at about $49,000. Quest Partners LLC bought a new position in shares of Kohl’s during the third quarter valued at about $60,000. Finally, Signaturefd LLC boosted its holdings 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 period. Institutional investors own 98.04% of the company’s stock.

Insider Transactions at Kohl’s

In other 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 directly owns 133,091 shares in the company, valued at $1,869,928.55. This trade represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on KSS shares. Telsey Advisory Group reduced 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. Robert W. Baird lowered Kohl’s from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $25.00 to $18.00 in a research report on Wednesday, November 27th. Morgan Stanley decreased their target price on Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Monday, November 25th. TD Cowen dropped their price target on Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a research note on Wednesday, November 27th. Finally, Citigroup reduced their price objective on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat.com, Kohl’s has an average rating of “Hold” and a consensus price target of $17.22.

Kohl’s Price Performance

Shares of KSS stock opened at $12.74 on Wednesday. The business’s fifty day moving average is $15.30 and its 200 day moving average is $18.40. 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 $1.42 billion, a price-to-earnings ratio of 5.74, a PEG ratio of 1.38 and a beta of 1.87. Kohl’s Co. has a twelve month low of $12.70 and a twelve month high of $29.60.

Kohl’s (NYSE:KSS) last released its earnings results 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 business had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the prior year, the company earned $0.53 earnings per share. The firm’s quarterly revenue was down 8.5% compared to the same quarter last year. Research analysts expect that Kohl’s Co. will post 1.3 EPS for the current fiscal year.

Kohl’s Announces Dividend

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 dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $2.00 annualized dividend and a dividend yield of 15.70%. Kohl’s’s payout ratio 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.