Janney Montgomery Scott LLC Purchases 6,719 Shares of Kohl’s Co. (NYSE:KSS)

Janney Montgomery Scott LLC grew its position in Kohl’s Co. (NYSE:KSS) by 4.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 150,017 shares of the company’s stock after acquiring an additional 6,719 shares during the quarter. Janney Montgomery Scott LLC owned 0.13% of Kohl’s worth $3,165,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its position 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 worth $40,000 after buying an additional 1,034 shares during the period. US Bancorp DE lifted its position in shares of Kohl’s by 15.0% during the 3rd quarter. US Bancorp DE now owns 15,239 shares of the company’s stock worth $322,000 after buying an additional 1,987 shares during the period. Abich Financial Wealth Management LLC lifted its position 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 buying an additional 1,517 shares during the period. Pallas Capital Advisors LLC bought a new position in shares of Kohl’s during the 3rd quarter worth approximately $214,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of Kohl’s by 22.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 36,300 shares of the company’s stock worth $766,000 after buying an additional 6,549 shares during the period. Institutional investors own 98.04% of the company’s stock.

Insider Activity at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the business’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 completion of the sale, the executive vice president now directly owns 136,799 shares in the company, valued at approximately $2,636,116.73. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.86% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Kohl’s Stock Performance

Shares of Kohl’s stock opened at $17.51 on Monday. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 6.87, a price-to-earnings-growth ratio of 1.21 and a beta of 1.94. The stock’s 50-day moving average is $19.40 and its 200-day moving average is $21.36. Kohl’s Co. has a one year low of $17.41 and a one year high of $29.60. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.16.

Kohl’s (NYSE:KSS) last released its earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.13. The business had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.69 billion. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. Kohl’s’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 earnings per share. Equities analysts predict that Kohl’s Co. will post 1.81 earnings per share for the current fiscal year.

Kohl’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 11.42%. The ex-dividend date of this dividend was Wednesday, September 11th. Kohl’s’s payout ratio is 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.