Hussman Strategic Advisors Inc. Acquires 42,000 Shares of Kohl’s Co. (NYSE:KSS)

Hussman Strategic Advisors Inc. grew its holdings in Kohl’s Co. (NYSE:KSS) by 66.7% in the fourth quarter, HoldingsChannel reports. The fund owned 105,000 shares of the company’s stock after buying an additional 42,000 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Kohl’s were worth $1,474,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of KSS. Signaturefd LLC raised its stake in Kohl’s by 14.1% in the third quarter. Signaturefd LLC now owns 3,965 shares of the company’s stock valued at $84,000 after purchasing an additional 491 shares in the last quarter. Insight Folios Inc raised its stake in Kohl’s by 3.4% in the third quarter. Insight Folios Inc now owns 21,444 shares of the company’s stock valued at $452,000 after purchasing an additional 701 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in Kohl’s by 183.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock valued at $30,000 after purchasing an additional 917 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Kohl’s by 117.5% in the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after purchasing an additional 1,034 shares in the last quarter. Finally, Abich Financial Wealth Management LLC raised its stake in Kohl’s by 70.5% in the third quarter. Abich Financial Wealth Management LLC now owns 3,669 shares of the company’s stock valued at $77,000 after purchasing an additional 1,517 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KSS. Telsey Advisory Group lowered their target price on Kohl’s from $23.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, November 27th. Guggenheim downgraded Kohl’s from a “buy” rating to a “neutral” rating in a research note on Monday, December 2nd. Baird R W downgraded Kohl’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Jefferies Financial Group lowered their target price on Kohl’s from $15.00 to $12.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. Finally, Morgan Stanley lowered their target price on Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Monday, November 25th. Three research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $16.70.

Insider Activity at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of the 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 transaction, the executive vice president now directly owns 133,091 shares in the company, valued at approximately $1,869,928.55. This represents a 2.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.86% of the stock is currently owned by company insiders.

Kohl’s Stock Performance

Kohl’s stock opened at $11.68 on Thursday. The business has a 50 day moving average of $13.32 and a 200-day moving average of $16.83. Kohl’s Co. has a 1 year low of $11.53 and a 1 year high of $29.60. The company has a market capitalization of $1.30 billion, a P/E ratio of 5.26 and a beta of 1.85. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.05 and a quick ratio of 0.12.

Kohl’s (NYSE:KSS) last announced its 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 company had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the previous year, the company earned $0.53 earnings per share. The business’s revenue was down 8.5% on a year-over-year basis. On average, equities research analysts predict that Kohl’s Co. will post 1.3 earnings per share for the current year.

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.