Farther Finance Advisors LLC Purchases 1,034 Shares of Kohl’s Co. (NYSE:KSS)

Farther Finance Advisors LLC boosted its position in shares of Kohl’s Co. (NYSE:KSS) by 117.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,914 shares of the company’s stock after buying an additional 1,034 shares during the quarter. Farther Finance Advisors LLC’s holdings in Kohl’s were worth $40,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Squarepoint Ops LLC raised its stake in shares of Kohl’s by 6,076.8% during the second quarter. Squarepoint Ops LLC now owns 1,834,509 shares of the company’s stock valued at $42,175,000 after acquiring an additional 1,804,809 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Kohl’s by 348.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,180,952 shares of the company’s stock worth $50,118,000 after buying an additional 1,694,162 shares during the period. SG Americas Securities LLC lifted its holdings in Kohl’s by 518.9% in the 2nd quarter. SG Americas Securities LLC now owns 855,089 shares of the company’s stock worth $19,658,000 after buying an additional 716,919 shares during the period. American Century Companies Inc. grew its position in shares of Kohl’s by 26.3% in the 2nd quarter. American Century Companies Inc. now owns 3,093,773 shares of the company’s stock worth $71,126,000 after buying an additional 643,913 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Kohl’s by 109.2% during the third quarter. International Assets Investment Management LLC now owns 546,070 shares of the company’s stock valued at $11,522,000 after acquiring an additional 285,070 shares in the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Insider Activity

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of Kohl’s stock in a transaction that occurred 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 owns 136,799 shares of the company’s stock, valued at $2,636,116.73. The trade was a 10.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on KSS shares. JPMorgan Chase & Co. cut shares of Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price target on the stock. in a report on Thursday, August 29th. Telsey Advisory Group reissued a “market perform” rating and issued a $23.00 price target on shares of Kohl’s in a research note on Wednesday, August 28th. Morgan Stanley cut Kohl’s to an “underweight” rating and cut their price objective for the company from $18.00 to $17.00 in a research report on Tuesday, August 27th. Evercore ISI decreased their target price on Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research report on Thursday, August 29th. Finally, TD Cowen lowered Kohl’s from a “buy” rating to a “hold” rating and dropped their price target for the company from $25.00 to $21.00 in a research report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $21.29.

Kohl’s Stock Up 2.9 %

Shares of NYSE:KSS opened at $18.62 on Friday. The stock has a fifty day simple moving average of $19.30 and a two-hundred day simple moving average of $21.23. The company has a current ratio of 1.08, a quick ratio of 0.16 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 7.18, a PEG ratio of 1.26 and a beta of 1.94. Kohl’s Co. has a 12-month low of $17.41 and a 12-month high of $29.60.

Kohl’s (NYSE:KSS) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.13. Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The company had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, research analysts anticipate that Kohl’s Co. will post 1.81 earnings per share for the current fiscal year.

Kohl’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a yield of 10.74%. Kohl’s’s dividend payout ratio is presently 78.43%.

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.