Cantor Fitzgerald Investment Advisors L.P. Sells 129,478 Shares of Kohl’s Co. (NYSE:KSS)

Cantor Fitzgerald Investment Advisors L.P. trimmed its holdings in Kohl’s Co. (NYSE:KSS) by 62.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 76,295 shares of the company’s stock after selling 129,478 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P. owned 0.07% of Kohl’s worth $1,071,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in KSS. Brown Brothers Harriman & Co. raised its position in Kohl’s by 183.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,416 shares of the company’s stock worth $30,000 after purchasing an additional 917 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Kohl’s by 117.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,914 shares of the company’s stock valued at $40,000 after acquiring an additional 1,034 shares during the last quarter. Quest Partners LLC purchased a new stake in Kohl’s during the 3rd quarter valued at about $60,000. KBC Group NV grew its position in Kohl’s by 58.5% during the 4th quarter. KBC Group NV now owns 5,347 shares of the company’s stock worth $75,000 after acquiring an additional 1,974 shares during the last quarter. Finally, Abich Financial Wealth Management LLC increased its stake in Kohl’s by 70.5% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 3,669 shares of the company’s stock worth $77,000 after purchasing an additional 1,517 shares during the period. 98.04% of the stock is currently owned by institutional investors.

Insider Transactions at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 3,827 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $14.05, for a total value of $53,769.35. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Jefferies Financial Group cut their target price on shares of Kohl’s from $15.00 to $12.00 and set a “hold” rating on the stock in a report on Tuesday. Citigroup cut their price target on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. Morgan Stanley lowered their price objective on shares of Kohl’s from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Monday, November 25th. Robert W. Baird cut Kohl’s from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $25.00 to $18.00 in a research note on Wednesday, November 27th. Finally, TD Cowen lowered their price target on Kohl’s from $20.00 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, November 27th. Three analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat.com, Kohl’s currently has a consensus rating of “Hold” and an average price target of $16.70.

Kohl’s Stock Performance

Shares of KSS stock opened at $12.08 on Friday. 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 $1.34 billion, a price-to-earnings ratio of 5.44 and a beta of 1.85. Kohl’s Co. has a one year low of $12.06 and a one year high of $29.60. The company’s 50-day moving average is $13.94 and its 200 day moving average is $17.41.

Kohl’s (NYSE:KSS) last issued 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). The business had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Kohl’s had a net margin of 1.47% and a return on equity of 6.44%. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.53 earnings per share. Sell-side analysts expect that Kohl’s Co. will post 1.3 EPS for the current fiscal year.

Kohl’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Wednesday, December 11th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $2.00 annualized dividend and a dividend yield of 16.56%. Kohl’s’s payout ratio is 90.09%.

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.