17,164 Shares in Kohl’s Co. (NYSE:KSS) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new position in shares of Kohl’s Co. (NYSE:KSS) in the fourth quarter, Holdings Channel reports. The fund bought 17,164 shares of the company’s stock, valued at approximately $241,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. FMR LLC raised its holdings in Kohl’s by 10.8% during the 3rd quarter. FMR LLC now owns 7,576,274 shares of the company’s stock worth $159,859,000 after buying an additional 740,398 shares during the period. American Century Companies Inc. increased its position in shares of Kohl’s by 11.7% in the fourth quarter. American Century Companies Inc. now owns 4,134,298 shares of the company’s stock worth $58,046,000 after acquiring an additional 433,264 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Kohl’s by 3.3% during the fourth quarter. Allianz Asset Management GmbH now owns 3,646,011 shares of the company’s stock valued at $51,190,000 after acquiring an additional 117,819 shares during the period. Geode Capital Management LLC lifted its position in shares of Kohl’s by 5.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,826,101 shares of the company’s stock valued at $38,541,000 after acquiring an additional 91,608 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Kohl’s by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,771,546 shares of the company’s stock worth $24,873,000 after purchasing an additional 55,540 shares during the period. Institutional investors and hedge funds own 98.04% of the company’s stock.

Wall Street Analyst Weigh In

KSS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on Kohl’s from $11.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, March 11th. Citigroup reduced their price objective on Kohl’s from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. UBS Group lowered their target price on Kohl’s from $10.00 to $5.00 and set a “sell” rating on the stock in a research note on Wednesday, March 12th. Bank of America reduced their price target on shares of Kohl’s from $15.00 to $8.00 and set an “underperform” rating for the company in a research report on Wednesday, March 12th. Finally, Robert W. Baird lowered their price objective on shares of Kohl’s from $18.00 to $11.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 12th. Six research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $11.87.

Kohl’s Stock Up 4.1 %

KSS opened at $8.60 on Thursday. The firm has a market cap of $957.39 million, a P/E ratio of 3.87 and a beta of 1.92. 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 business has a 50 day moving average price of $11.02 and a 200 day moving average price of $14.77. Kohl’s Co. has a twelve month low of $7.96 and a twelve month high of $28.25.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.23. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The business had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.25 billion. During the same period in the previous year, the company earned $1.67 earnings per share. Kohl’s’s revenue for the quarter was down 9.4% on a year-over-year basis. Research analysts forecast that Kohl’s Co. will post 1.3 EPS for the current year.

Kohl’s Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 5.81%. The ex-dividend date of this dividend was Friday, March 21st. Kohl’s’s payout ratio is currently 51.02%.

Insider Buying and Selling at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of Kohl’s stock in a transaction dated Friday, January 3rd. The stock was 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 trade represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.