Hestia Capital Management LLC Invests $2.79 Million in Kohl’s Co. (NYSE:KSS)

Hestia Capital Management LLC acquired a new stake in Kohl’s Co. (NYSE:KSS) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 198,700 shares of the company’s stock, valued at approximately $2,790,000. Kohl’s makes up 1.9% of Hestia Capital Management LLC’s portfolio, making the stock its 2nd biggest holding. Hestia Capital Management LLC owned 0.18% of Kohl’s at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of KSS. CWM LLC increased its stake in shares of Kohl’s by 590.5% in the 3rd quarter. CWM LLC now owns 13,286 shares of the company’s stock valued at $280,000 after acquiring an additional 11,362 shares in the last quarter. Annex Advisory Services LLC increased its stake in Kohl’s by 2.1% during the 3rd quarter. Annex Advisory Services LLC now owns 200,789 shares of the company’s stock valued at $4,237,000 after purchasing an additional 4,152 shares in the last quarter. Gilman Hill Asset Management LLC increased its stake in Kohl’s by 4.3% during the 3rd quarter. Gilman Hill Asset Management LLC now owns 333,786 shares of the company’s stock valued at $7,043,000 after purchasing an additional 13,716 shares in the last quarter. Paragon Capital Management Inc. bought a new stake in Kohl’s during the 3rd quarter valued at $1,801,000. Finally, Blue Trust Inc. increased its stake in Kohl’s by 1,756.0% during the 3rd quarter. Blue Trust Inc. now owns 3,842 shares of the company’s stock valued at $88,000 after purchasing an additional 3,635 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.

Insider Buying and Selling at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were 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 of the company’s stock, valued at $1,869,928.55. This represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on KSS shares. Baird R W lowered shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Morgan Stanley decreased their price target on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Monday, November 25th. Robert W. Baird lowered shares of Kohl’s from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $25.00 to $18.00 in a research note on Wednesday, November 27th. TD Cowen reduced their target price on shares of 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 target price on shares of 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 investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $16.70.

Kohl’s Price Performance

Shares of NYSE:KSS opened at $12.08 on Friday. The company’s 50-day moving average is $13.88 and its 200 day moving average is $17.35. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.12 and a current ratio of 1.05. The company has a market capitalization of $1.34 billion, a P/E ratio of 5.44 and a beta of 1.85. Kohl’s Co. has a fifty-two week low of $12.06 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 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.08). The business had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. Kohl’s’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same period last year, the company earned $0.53 earnings per share. On average, equities research analysts forecast that Kohl’s Co. will post 1.3 earnings per share for the current year.

Kohl’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 16.56%. The ex-dividend date of this dividend was Wednesday, December 11th. 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.