Rhumbline Advisers Reduces Holdings in Kohl’s Co. (NYSE:KSS)

Rhumbline Advisers lessened its position in Kohl’s Co. (NYSE:KSS) by 5.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 273,950 shares of the company’s stock after selling 15,797 shares during the period. Rhumbline Advisers owned 0.25% of Kohl’s worth $3,846,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of KSS. Brown Brothers Harriman & Co. boosted 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 acquiring an additional 917 shares in the last quarter. Bogart Wealth LLC purchased a new stake in shares of Kohl’s in the 4th quarter worth about $35,000. Farther Finance Advisors LLC boosted its stake in shares of Kohl’s by 117.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after purchasing an additional 1,034 shares in the last quarter. Quest Partners LLC purchased a new position in shares of Kohl’s during the third quarter valued at about $60,000. Finally, KBC Group NV boosted its position in shares of Kohl’s by 58.5% during the fourth quarter. KBC Group NV now owns 5,347 shares of the company’s stock valued at $75,000 after purchasing an additional 1,974 shares in the last quarter. 98.04% of the stock is owned by institutional investors.

Kohl’s Stock Up 0.0 %

Shares of KSS opened at $11.41 on Friday. Kohl’s Co. has a 12-month low of $11.26 and a 12-month high of $29.60. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $1.27 billion, a PE ratio of 5.14 and a beta of 1.85. The business’s 50 day moving average is $13.00 and its 200 day moving average is $16.46.

Kohl’s (NYSE:KSS) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The company had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the prior year, the firm posted $0.53 earnings per share. The business’s revenue was down 8.5% on a year-over-year basis. Research analysts expect that Kohl’s Co. will post 1.3 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $14.05, for a total value of $53,769.35. Following the sale, the executive vice president now directly owns 133,091 shares in the company, valued at approximately $1,869,928.55. The trade was a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Baird R W downgraded Kohl’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Citigroup lowered their price target on Kohl’s from $18.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. TD Cowen reduced their price target on shares of Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, November 27th. Jefferies Financial Group dropped their price objective on shares of Kohl’s from $15.00 to $12.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Finally, Telsey Advisory Group cut their target price on shares of Kohl’s from $23.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, November 27th. Three equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat, Kohl’s presently has a consensus rating of “Hold” and an average target price of $16.70.

Kohl’s Company 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.