Wilmington Savings Fund Society FSB Takes $215,000 Position in Kohl’s Co. (NYSE:KSS)

Wilmington Savings Fund Society FSB purchased a new stake in shares of Kohl’s Co. (NYSE:KSS) in the 3rd quarter, Holdings Channel reports. The fund purchased 10,210 shares of the company’s stock, valued at approximately $215,000.

A number of other institutional investors also recently modified their holdings of KSS. Brown Brothers Harriman & Co. lifted its holdings in Kohl’s by 183.8% in the third 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 period. Farther Finance Advisors LLC grew its holdings in shares of Kohl’s by 117.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after acquiring an additional 1,034 shares in the last quarter. CWM LLC increased its position in shares of Kohl’s by 97.1% during the 2nd quarter. CWM LLC now owns 1,924 shares of the company’s stock worth $44,000 after purchasing an additional 948 shares during the last quarter. Abich Financial Wealth Management LLC bought a new stake in Kohl’s during the second quarter worth $49,000. Finally, Summit Securities Group LLC lifted its stake in Kohl’s by 50.0% in the 2nd quarter. Summit Securities Group LLC now owns 2,400 shares of the company’s stock valued at $55,000 after purchasing an additional 800 shares during the last quarter. Institutional investors own 98.04% of the company’s stock.

Kohl’s Trading Down 2.7 %

NYSE:KSS opened at $13.87 on Thursday. 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 firm has a market capitalization of $1.54 billion, a P/E ratio of 6.25, a P/E/G ratio of 1.42 and a beta of 1.88. Kohl’s Co. has a 52 week low of $13.81 and a 52 week high of $29.60. The company has a fifty day moving average of $17.34 and a 200 day moving average of $19.60.

Kohl’s (NYSE:KSS) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $0.20 EPS 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 company had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the prior year, the firm earned $0.53 earnings per share. The business’s revenue for the quarter was down 8.5% compared to the same quarter last year. On average, research analysts predict that Kohl’s Co. will post 1.3 earnings per share for the current year.

Kohl’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 14.42%. The ex-dividend date is Wednesday, December 11th. Kohl’s’s payout ratio is 90.09%.

Insider Activity

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total transaction of $315,392.09. Following the completion of the sale, the executive vice president now directly owns 136,799 shares in the company, valued at $2,636,116.73. This represents a 10.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on KSS. Citigroup decreased their price objective on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating on the stock 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 target for the company. in a research note on Tuesday, November 26th. Telsey Advisory Group reduced their target price 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. Guggenheim downgraded shares of Kohl’s from a “buy” rating to a “neutral” rating in a research note on Monday, December 2nd. Finally, Evercore ISI reduced their target price on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a report on Thursday, August 29th. Three research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.