Kohl’s Co. (NYSE:KSS) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its position in shares of Kohl’s Co. (NYSE:KSS) by 8.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 124,619 shares of the company’s stock after selling 11,745 shares during the quarter. New York State Teachers Retirement System owned about 0.11% of Kohl’s worth $1,750,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. acquired a new stake in Kohl’s during the fourth quarter worth about $290,000. Bogart Wealth LLC acquired a new stake in Kohl’s during the fourth quarter worth about $35,000. Ingalls & Snyder LLC acquired a new stake in Kohl’s during the fourth quarter worth about $1,111,000. Hestia Capital Management LLC acquired a new stake in Kohl’s during the fourth quarter worth about $2,790,000. Finally, Entropy Technologies LP increased its stake in Kohl’s by 112.1% during the fourth quarter. Entropy Technologies LP now owns 137,223 shares of the company’s stock worth $1,927,000 after acquiring an additional 72,532 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Kohl’s Trading Up 0.2 %

Shares of KSS opened at $12.03 on Friday. The company has a market capitalization of $1.34 billion, a P/E ratio of 5.42 and a beta of 1.85. Kohl’s Co. has a one year low of $11.53 and a one year high of $29.60. 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 stock has a 50-day moving average price of $13.23 and a 200 day moving average price of $16.74.

Kohl’s (NYSE:KSS) last released its 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 firm had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the prior year, the business earned $0.53 EPS. The company’s quarterly revenue was down 8.5% on a year-over-year basis. Sell-side analysts forecast that Kohl’s Co. will post 1.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of the stock in a transaction that occurred 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 owns 133,091 shares of the company’s stock, valued at $1,869,928.55. This trade represents a 2.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.86% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on KSS. Citigroup lowered their target price on Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. Telsey Advisory Group lowered their target price on Kohl’s from $23.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, November 27th. Guggenheim lowered Kohl’s from a “buy” rating to a “neutral” rating in a research note on Monday, December 2nd. Robert W. Baird lowered Kohl’s from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $25.00 to $18.00 in a research note on Wednesday, November 27th. Finally, Gordon Haskett lowered Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 target price for the company. in a research note on Tuesday, November 26th. Three investment analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat.com, Kohl’s has a consensus rating of “Hold” and an average price target 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.