New Age Alpha Advisors LLC Makes New $241,000 Investment in Kohl’s Co. (NYSE:KSS)

New Age Alpha Advisors LLC acquired a new stake in Kohl’s Co. (NYSE:KSS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 17,164 shares of the company’s stock, valued at approximately $241,000.

Other hedge funds also recently made changes to their positions in the company. Quadrature Capital Ltd grew its holdings in Kohl’s by 151.8% during the 3rd quarter. Quadrature Capital Ltd now owns 66,744 shares of the company’s stock valued at $1,408,000 after purchasing an additional 40,238 shares in the last quarter. Dana Investment Advisors Inc. grew its stake in shares of Kohl’s by 56.7% during the fourth quarter. Dana Investment Advisors Inc. now owns 253,151 shares of the company’s stock valued at $3,554,000 after acquiring an additional 91,590 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Kohl’s by 155.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 943,415 shares of the company’s stock worth $13,246,000 after acquiring an additional 573,579 shares during the last quarter. Hussman Strategic Advisors Inc. lifted its stake in shares of Kohl’s by 66.7% in the fourth quarter. Hussman Strategic Advisors Inc. now owns 105,000 shares of the company’s stock worth $1,474,000 after acquiring an additional 42,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Kohl’s by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,771,546 shares of the company’s stock valued at $24,873,000 after purchasing an additional 55,540 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Insider Buying and Selling

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of Kohl’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $14.05, for a total transaction of $53,769.35. Following the transaction, the executive vice president now directly owns 133,091 shares in the company, valued at approximately $1,869,928.55. This trade represents a 2.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.86% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KSS. Citigroup cut their target price on Kohl’s from $11.00 to $8.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. UBS Group cut their target price on shares of Kohl’s from $10.00 to $5.00 and set a “sell” rating on the stock in a research note on Wednesday, March 12th. Robert W. Baird dropped their price target on Kohl’s from $18.00 to $11.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 12th. Jefferies Financial Group decreased their price objective on shares of Kohl’s from $15.00 to $12.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Finally, The Goldman Sachs Group cut their target price on shares of Kohl’s from $13.00 to $11.25 and set a “sell” rating on the stock in a report on Tuesday, March 4th. Six equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $11.87.

Kohl’s Stock Up 4.1 %

KSS opened at $8.60 on Thursday. The stock’s 50 day moving average price is $11.02 and its 200 day moving average price is $14.77. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12. The stock has a market cap of $957.39 million, a P/E ratio of 3.87 and a beta of 1.92. Kohl’s Co. has a 12 month low of $7.96 and a 12 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, beating analysts’ consensus estimates of $0.72 by $0.23. The business had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.25 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The company’s revenue was down 9.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.67 earnings per share. As a group, research analysts predict that Kohl’s Co. will post 1.3 earnings per share for the current year.

Kohl’s Cuts Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.81%. Kohl’s’s dividend payout ratio is presently 51.02%.

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.