ClearAlpha Technologies LP Purchases New Stake in Kohl’s Co. (NYSE:KSS)

ClearAlpha Technologies LP acquired a new position in shares of Kohl’s Co. (NYSE:KSS) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 11,962 shares of the company’s stock, valued at approximately $252,000.

Several other large investors also recently made changes to their positions in the business. Brown Brothers Harriman & Co. boosted its position in Kohl’s by 183.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock worth $30,000 after purchasing an additional 917 shares during the period. Security National Bank acquired a new position in shares of Kohl’s during the second quarter worth about $34,000. Farther Finance Advisors LLC boosted its position in shares of Kohl’s by 117.5% in the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock worth $40,000 after buying an additional 1,034 shares during the period. CWM LLC grew its stake in shares of Kohl’s by 97.1% in the second quarter. CWM LLC now owns 1,924 shares of the company’s stock valued at $44,000 after buying an additional 948 shares in the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new stake in shares of Kohl’s during the 2nd quarter valued at about $49,000. Institutional investors and hedge funds own 98.04% of the company’s stock.

Kohl’s Stock Performance

Shares of KSS opened at $15.44 on Tuesday. The stock has a market capitalization of $1.72 billion, a PE ratio of 6.95, a price-to-earnings-growth ratio of 1.46 and a beta of 1.89. The business’s fifty day moving average price is $18.56 and its 200 day moving average price is $20.46. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. Kohl’s Co. has a 12-month low of $14.22 and a 12-month high of $29.60.

Kohl’s (NYSE:KSS) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $3.64 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The company’s quarterly revenue was down 8.5% on a year-over-year basis. During the same period last year, the firm posted $0.53 earnings per share. Equities research analysts forecast that Kohl’s Co. will post 1.28 EPS for the current year.

Kohl’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.96%. The ex-dividend date is Wednesday, December 11th. Kohl’s’s payout ratio is 90.09%.

Insider Buying and Selling

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 136,799 shares of the company’s stock, valued at $2,636,116.73. This trade represents a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on KSS shares. JPMorgan Chase & Co. downgraded shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective for the company. in a research report on Thursday, August 29th. 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. Baird R W lowered shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. TD Cowen dropped their target price on Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a research report on Wednesday, November 27th. Finally, Guggenheim downgraded Kohl’s from a “buy” rating to a “neutral” rating in a report on Monday. Three analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Kohl’s has an average rating of “Hold” and a consensus target price of $17.22.

Kohl’s 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.