Tyler Stone Wealth Management Buys New Shares in Kohl’s Co. (NYSE:KSS)

Tyler Stone Wealth Management bought a new position in Kohl’s Co. (NYSE:KSS) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 13,900 shares of the company’s stock, valued at approximately $195,000.

Other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in shares of Kohl’s in the fourth quarter worth about $26,000. Brown Brothers Harriman & Co. grew its holdings in Kohl’s by 183.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock valued at $30,000 after buying an additional 917 shares in the last quarter. Bogart Wealth LLC bought a new stake in shares of Kohl’s during the fourth quarter valued at approximately $35,000. Quest Partners LLC purchased a new position in shares of Kohl’s in the third quarter worth $60,000. Finally, KBC Group NV lifted its holdings in shares of Kohl’s by 58.5% in the fourth quarter. KBC Group NV now owns 5,347 shares of the company’s stock worth $75,000 after buying an additional 1,974 shares in the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Kohl’s Stock Performance

NYSE KSS opened at $8.94 on Thursday. The company has a market cap of $995.63 million, a P/E ratio of 4.03 and a beta of 1.92. The business’s 50 day moving average price is $11.48 and its 200-day moving average price is $15.16. Kohl’s Co. has a fifty-two week low of $7.96 and a fifty-two week 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.

Kohl’s (NYSE:KSS) last announced its earnings results on Tuesday, March 11th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.23. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The business had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter in the prior year, the firm posted $1.67 earnings per share. The business’s revenue for the quarter was down 9.4% on a year-over-year basis. Sell-side analysts predict that Kohl’s Co. will post 1.3 earnings per share for the current year.

Kohl’s Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be given a dividend of $0.125 per share. The ex-dividend date is Friday, March 21st. This represents a $0.50 annualized dividend and a dividend yield of 5.59%. Kohl’s’s dividend payout ratio (DPR) is presently 51.02%.

Insider Activity

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the firm’s 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 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. This trade represents a 2.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on KSS. Baird R W downgraded shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Morgan Stanley cut their price objective on Kohl’s from $10.00 to $8.00 and set an “underweight” rating for the company in a research report on Wednesday, March 12th. The Goldman Sachs Group decreased their target price on Kohl’s from $13.00 to $11.25 and set a “sell” rating on the stock in a research report on Tuesday, March 4th. Jefferies Financial Group cut their price target on Kohl’s from $15.00 to $12.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Finally, TD Cowen decreased their price objective on Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a report on Wednesday, November 27th. Six 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.com, the stock has an average rating of “Hold” and a consensus price target of $12.10.

About Kohl’s

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.