Fox Run Management L.L.C. Invests $907,000 in Kohl’s Co. (NYSE:KSS)

Fox Run Management L.L.C. purchased a new position in shares of Kohl’s Co. (NYSE:KSS) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 64,572 shares of the company’s stock, valued at approximately $907,000.

Several other institutional investors also recently modified their holdings of the business. KLP Kapitalforvaltning AS acquired a new stake in shares of Kohl’s during the 4th quarter worth approximately $327,000. American Century Companies Inc. grew its position in shares of Kohl’s by 11.7% during the 4th quarter. American Century Companies Inc. now owns 4,134,298 shares of the company’s stock worth $58,046,000 after buying an additional 433,264 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in shares of Kohl’s by 20,161.3% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 12,562 shares of the company’s stock worth $176,000 after buying an additional 12,500 shares during the period. Platinum Investment Management Ltd. grew its position in shares of Kohl’s by 30.7% during the 4th quarter. Platinum Investment Management Ltd. now owns 6,108 shares of the company’s stock worth $86,000 after buying an additional 1,436 shares during the period. Finally, Advisors Asset Management Inc. grew its position in shares of Kohl’s by 12.3% during the 4th quarter. Advisors Asset Management Inc. now owns 567,194 shares of the company’s stock worth $7,963,000 after buying an additional 62,247 shares during the period. Institutional investors and hedge funds own 98.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KSS. Baird R W cut shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Citigroup reduced their price objective on shares of Kohl’s from $11.00 to $8.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Guggenheim lowered shares of Kohl’s from a “buy” rating to a “neutral” rating in a research note on Monday, December 2nd. Gordon Haskett lowered shares of Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 price objective on the stock. in a research note on Tuesday, November 26th. Finally, Bank of America reduced their price objective on shares of Kohl’s from $15.00 to $8.00 and set an “underperform” rating on the stock in a research note on Wednesday, March 12th. Six investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat.com, Kohl’s presently has an average rating of “Hold” and an average price target of $12.10.

Insider Transactions at Kohl’s

In other news, EVP Feeney Siobhan Mc sold 3,827 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $14.05, for a total value of $53,769.35. Following the sale, the executive vice president now owns 133,091 shares of the company’s stock, valued at $1,869,928.55. The trade was a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.86% of the stock is currently owned by insiders.

Kohl’s Stock Performance

Shares of KSS stock opened at $8.31 on Friday. The company’s fifty day simple moving average is $11.71 and its 200-day simple moving average is $15.39. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The firm has a market cap of $924.50 million, a PE ratio of 3.74 and a beta of 1.92. Kohl’s Co. has a 12 month low of $7.96 and a 12 month high of $29.60.

Kohl’s (NYSE:KSS) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.23. The business had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.25 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The firm’s revenue for the quarter was down 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.67 earnings per share. Equities research analysts expect that Kohl’s Co. will post 1.3 EPS for the current fiscal year.

Kohl’s Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date is Friday, March 21st. Kohl’s’s dividend payout ratio is presently 51.02%.

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.