Insider Selling: Kohl’s Co. (NYSE:KSS) EVP Sells 3,827 Shares of Stock

Kohl’s Co. (NYSE:KSS) 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 completion of the transaction, the executive vice president now directly owns 133,091 shares in the company, valued at approximately $1,869,928.55. This represents a 2.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Kohl’s Trading Down 0.9 %

Shares of NYSE:KSS traded down $0.13 during midday trading on Monday, hitting $13.99. The company had a trading volume of 8,188,580 shares, compared to its average volume of 6,740,845. 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 $13.65 and a 12 month high of $29.60. The firm has a fifty day simple moving average of $16.01 and a 200 day simple moving average of $18.89. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 6.30, a PEG ratio of 1.38 and a beta of 1.87.

Kohl’s (NYSE:KSS) last issued its earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). The company had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.64 billion. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. Kohl’s’s quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter last year, the business posted $0.53 EPS. On average, analysts predict that Kohl’s Co. will post 1.3 EPS for the current year.

Kohl’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 14.30%. The ex-dividend date was Wednesday, December 11th. Kohl’s’s payout ratio is presently 90.09%.

Hedge Funds Weigh In On Kohl’s

A number of hedge funds and other institutional investors have recently made changes to their positions in KSS. Quadrature Capital Ltd raised its stake in Kohl’s by 151.8% during the 3rd quarter. Quadrature Capital Ltd now owns 66,744 shares of the company’s stock worth $1,408,000 after buying an additional 40,238 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Kohl’s by 149.3% in the third quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company’s stock worth $349,671,000 after acquiring an additional 9,925,878 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Kohl’s during the third quarter worth about $735,000. Y Intercept Hong Kong Ltd bought a new position in shares of Kohl’s during the 3rd quarter valued at about $2,694,000. Finally, Victory Capital Management Inc. grew its position in shares of Kohl’s by 226.4% in the 3rd quarter. Victory Capital Management Inc. now owns 137,531 shares of the company’s stock valued at $2,902,000 after purchasing an additional 95,398 shares during the period. 98.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Telsey Advisory Group reduced their price target on shares of Kohl’s from $23.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 27th. 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 lowered their price target 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. Gordon Haskett downgraded Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price objective on the stock. in a report on Tuesday, November 26th. Finally, Morgan Stanley lowered their target price on Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Monday, November 25th. Three investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat, Kohl’s currently has a consensus rating of “Hold” and an average target price of $17.22.

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.