Ingalls & Snyder LLC Takes $1.11 Million Position in Kohl’s Co. (NYSE:KSS)

Ingalls & Snyder LLC acquired a new position in shares of Kohl’s Co. (NYSE:KSS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 79,100 shares of the company’s stock, valued at approximately $1,111,000. Ingalls & Snyder LLC owned about 0.07% of Kohl’s as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in KSS. Hestia Capital Management LLC acquired a new position in shares of Kohl’s during the 4th quarter valued at about $2,790,000. Entropy Technologies LP lifted its holdings in Kohl’s by 112.1% in the fourth quarter. Entropy Technologies LP now owns 137,223 shares of the company’s stock valued at $1,927,000 after acquiring an additional 72,532 shares during the last quarter. Empowered Funds LLC grew its position in Kohl’s by 15.3% in the fourth quarter. Empowered Funds LLC now owns 451,510 shares of the company’s stock worth $6,339,000 after acquiring an additional 59,979 shares during the period. Kingsview Wealth Management LLC acquired a new stake in Kohl’s during the fourth quarter worth $516,000. Finally, Yousif Capital Management LLC raised its position in Kohl’s by 4.2% in the fourth quarter. Yousif Capital Management LLC now owns 57,307 shares of the company’s stock valued at $805,000 after purchasing an additional 2,287 shares during the period. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KSS. TD Cowen lowered their price target on Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, November 27th. Gordon Haskett cut shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price target for the company. in a research report on Tuesday, November 26th. Telsey Advisory Group decreased their price objective on shares of Kohl’s from $23.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, November 27th. Jefferies Financial Group lowered their price objective on shares of Kohl’s from $15.00 to $12.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. Finally, Robert W. Baird lowered Kohl’s from an “outperform” rating to a “neutral” rating and cut their target price for the company from $25.00 to $18.00 in a research report on Wednesday, November 27th. Three research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $16.70.

Insider Activity at Kohl’s

In other 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 completion of the sale, the executive vice president now directly owns 133,091 shares of the company’s stock, valued at approximately $1,869,928.55. The trade was a 2.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.86% of the stock is currently owned by corporate insiders.

Kohl’s Price Performance

Shares of KSS opened at $11.86 on Friday. 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 firm’s fifty day simple moving average is $13.67 and its 200-day simple moving average is $17.15. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 5.34 and a beta of 1.85. Kohl’s Co. has a twelve month low of $11.53 and a twelve month high of $29.60.

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 return on equity of 6.44% and a net margin of 1.47%. The business had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same period last year, the firm earned $0.53 earnings per share. The firm’s quarterly revenue was down 8.5% on a year-over-year basis. Equities analysts forecast that Kohl’s Co. will post 1.3 EPS for the current fiscal year.

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.