Hestia Capital Management LLC Acquires Shares of 198,700 Kohl's Co. (NYSE:KSS)

Hestia Capital Management LLC acquired a new stake in Kohl's Co. (NYSE:KSS - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 198,700 shares of the company's stock, valued at approximately $2,790,000. Kohl's comprises approximately 1.9% of Hestia Capital Management LLC's holdings, making the stock its 2nd largest holding. Hestia Capital Management LLC owned about 0.18% of Kohl's as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quadrature Capital Ltd raised its holdings in shares of Kohl's by 151.8% in the third quarter. Quadrature Capital Ltd now owns 66,744 shares of the company's stock valued at $1,408,000 after purchasing an additional 40,238 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Kohl's by 149.3% during the 3rd quarter. Pacer Advisors Inc. now owns 16,572,086 shares of the company's stock worth $349,671,000 after buying an additional 9,925,878 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Kohl's in the third quarter valued at approximately $735,000. Empowered Funds LLC grew its holdings in Kohl's by 15.3% in the 4th quarter. Empowered Funds LLC now owns 451,510 shares of the company's stock valued at $6,339,000 after buying an additional 59,979 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in Kohl's during the third quarter worth about $2,694,000. 98.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. TD Cowen cut their target price on Kohl's from $20.00 to $16.00 and set a "hold" rating for the company in a research note on Wednesday, November 27th. Baird R W cut shares of Kohl's from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 27th. Citigroup dropped their price target on shares of Kohl's from $18.00 to $14.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 27th. Robert W. Baird lowered Kohl's from an "outperform" rating to a "neutral" rating and dropped their price target for the company from $25.00 to $18.00 in a research note on Wednesday, November 27th. Finally, Guggenheim downgraded Kohl's from a "buy" rating to a "neutral" rating in a research note on Monday, December 2nd. 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 stock has a consensus rating of "Hold" and an average target price of $16.70.

Kohl's Stock Down 1.4 %

Shares of KSS traded down $0.17 on Wednesday, hitting $11.61. 8,397,832 shares of the stock traded hands, compared to its average volume of 7,211,530. Kohl's Co. has a one year low of $11.53 and a one year high of $29.60. The business has a 50 day simple moving average of $13.74 and a 200 day simple moving average of $17.19. 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 company has a market capitalization of $1.29 billion, a PE ratio of 5.23 and a beta of 1.85.

Kohl's (NYSE:KSS - Get Free Report) last released its quarterly earnings results on Tuesday, November 26th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.08). Kohl's had a net margin of 1.47% and a return on equity of 6.44%. The business had revenue of $3.71 billion for the quarter, compared to analysts' expectations of $3.64 billion. During the same period in the previous year, the company earned $0.53 EPS. Kohl's's revenue for the quarter was down 8.5% compared to the same quarter last year. As a group, equities analysts forecast that Kohl's Co. will post 1.3 earnings per share for the current fiscal year.

Insider Activity at Kohl's

In other Kohl's news, EVP Feeney Siobhan Mc sold 3,827 shares of the business's stock in a transaction dated Friday, January 3rd. The shares were 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 $1,869,928.55. The trade was a 2.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.86% of the stock is owned by corporate insiders.

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.