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

Farther Finance Advisors LLC raised its stake in Kohl’s Co. (NYSE:KSS) by 117.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,914 shares of the company’s stock after buying an additional 1,034 shares during the period. Farther Finance Advisors LLC’s holdings in Kohl’s were worth $40,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. US Bancorp DE raised its stake in Kohl’s by 15.0% in the third quarter. US Bancorp DE now owns 15,239 shares of the company’s stock worth $322,000 after buying an additional 1,987 shares in the last quarter. Abich Financial Wealth Management LLC lifted its stake in shares of Kohl’s by 70.5% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 3,669 shares of the company’s stock worth $77,000 after purchasing an additional 1,517 shares during the last quarter. Pallas Capital Advisors LLC bought a new stake in Kohl’s during the third quarter valued at about $214,000. Nisa Investment Advisors LLC grew its stake in Kohl’s by 22.0% in the third quarter. Nisa Investment Advisors LLC now owns 36,300 shares of the company’s stock valued at $766,000 after purchasing an additional 6,549 shares during the last quarter. Finally, Insight Folios Inc raised its holdings in Kohl’s by 3.4% in the third quarter. Insight Folios Inc now owns 21,444 shares of the company’s stock worth $452,000 after purchasing an additional 701 shares in the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

Kohl’s Trading Up 2.9 %

Shares of NYSE:KSS opened at $18.62 on Friday. The business has a 50-day moving average price of $19.30 and a 200-day moving average price of $21.23. The stock has a market cap 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 52-week low of $17.41 and a 52-week high of $29.60. The company has a quick ratio of 0.16, a current ratio of 1.08 and a debt-to-equity ratio of 0.98.

Kohl’s (NYSE:KSS) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.59 earnings per share for the quarter, topping 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 firm had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the business earned $0.52 earnings per share. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. Equities analysts predict that Kohl’s Co. will post 1.81 EPS for the current year.

Kohl’s Announces Dividend

The business 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 $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 10.74%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl’s’s payout ratio is presently 78.43%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on KSS shares. Evercore ISI lowered their price target on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a report on Thursday, August 29th. Robert W. Baird reduced their price target on Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. JPMorgan Chase & Co. cut Kohl’s from a “neutral” rating to an “underweight” rating and set a $19.00 price objective for the company. in a research report on Thursday, August 29th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 target price on shares of Kohl’s in a research report on Wednesday, August 28th. Finally, Morgan Stanley downgraded Kohl’s to an “underweight” rating and lowered their price target for the stock from $18.00 to $17.00 in a report on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $21.29.

Insiders Place Their Bets

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of Kohl’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total value of $315,392.09. Following the completion of the transaction, the executive vice president now owns 136,799 shares in the company, valued at $2,636,116.73. The trade was a 10.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.86% of the company’s stock.

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.