Brown Brothers Harriman & Co. Increases Position in Kohl’s Co. (NYSE:KSS)

Brown Brothers Harriman & Co. increased its stake in shares of Kohl’s Co. (NYSE:KSS) by 183.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,416 shares of the company’s stock after purchasing an additional 917 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Kohl’s were worth $30,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Security National Bank purchased a new stake in shares of Kohl’s during the second quarter valued at about $34,000. Farther Finance Advisors LLC grew its holdings in Kohl’s by 117.5% in the third quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock worth $40,000 after purchasing an additional 1,034 shares during the last quarter. CWM LLC increased its position in shares of Kohl’s by 97.1% during the second quarter. CWM LLC now owns 1,924 shares of the company’s stock worth $44,000 after purchasing an additional 948 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of Kohl’s during the 2nd quarter valued at $49,000. Finally, Summit Securities Group LLC boosted its position in shares of Kohl’s by 50.0% in the 2nd quarter. Summit Securities Group LLC now owns 2,400 shares of the company’s stock worth $55,000 after purchasing an additional 800 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Gordon Haskett lowered Kohl’s from a “hold” rating to a “reduce” rating and set a $11.00 target price on the stock. in a research report on Tuesday. Evercore ISI cut their price objective on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating on the stock in a report on Thursday, August 29th. Baird R W cut shares of Kohl’s from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Robert W. Baird lowered shares of Kohl’s from an “outperform” rating to a “neutral” rating and cut their price target for the company from $25.00 to $18.00 in a research note on Wednesday. Finally, Guggenheim lowered their price objective on shares of Kohl’s from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Kohl’s presently has an average rating of “Hold” and a consensus price target of $17.22.

Insider Activity

In related news, EVP Feeney Siobhan Mc sold 16,367 shares of the stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $19.27, for a total transaction of $315,392.09. Following the sale, the executive vice president now directly owns 136,799 shares of the company’s stock, valued at approximately $2,636,116.73. This represents a 10.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.86% of the company’s stock.

Kohl’s Trading Down 3.1 %

Shares of Kohl’s stock opened at $14.75 on Friday. The stock has a market cap of $1.64 billion, a PE ratio of 5.78, a price-to-earnings-growth ratio of 1.30 and a beta of 1.94. The firm has a fifty day moving average price of $18.70 and a 200 day moving average price of $20.68. Kohl’s Co. has a 1 year low of $14.22 and a 1 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 quarterly earnings data on Tuesday, November 26th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.08). Kohl’s had a net margin of 1.66% and a return on equity of 7.43%. The company had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the previous year, the business posted $0.53 EPS. The business’s quarterly revenue was down 8.5% on a year-over-year basis. Equities research analysts predict that Kohl’s Co. will post 1.77 earnings per share for the current year.

Kohl’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 13.56%. 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.