Landscape Capital Management L.L.C. Sells 2,119 Shares of Kohl’s Co. (NYSE:KSS)

Landscape Capital Management L.L.C. lessened its position in Kohl’s Co. (NYSE:KSS) by 9.7% in the 3rd quarter, Holdings Channel reports. The firm owned 19,758 shares of the company’s stock after selling 2,119 shares during the period. Landscape Capital Management L.L.C.’s holdings in Kohl’s were worth $417,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Signaturefd LLC increased its position in shares of Kohl’s by 14.1% in the 3rd quarter. Signaturefd LLC now owns 3,965 shares of the company’s stock valued at $84,000 after buying an additional 491 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Kohl’s by 2.0% in the second quarter. Arizona State Retirement System now owns 31,049 shares of the company’s stock worth $714,000 after acquiring an additional 623 shares in the last quarter. Insight Folios Inc raised its position in shares of Kohl’s by 3.4% during the third quarter. Insight Folios Inc now owns 21,444 shares of the company’s stock worth $452,000 after purchasing an additional 701 shares during the period. Summit Securities Group LLC raised its position in shares of Kohl’s by 50.0% during the second quarter. Summit Securities Group LLC now owns 2,400 shares of the company’s stock worth $55,000 after purchasing an additional 800 shares during the period. Finally, CWM LLC grew its position in shares of Kohl’s by 97.1% in the 2nd quarter. CWM LLC now owns 1,924 shares of the company’s stock valued at $44,000 after purchasing an additional 948 shares during the period. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Kohl’s Trading Up 3.8 %

Shares of NYSE:KSS opened at $17.03 on Monday. The company’s 50-day moving average price is $18.94 and its two-hundred day moving average price is $20.87. Kohl’s Co. has a one year low of $16.12 and a one 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. The stock has a market capitalization of $1.89 billion, a PE ratio of 6.68, a price-to-earnings-growth ratio of 1.16 and a beta of 1.94.

Kohl’s (NYSE:KSS) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.46 by $0.13. The firm had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Kohl’s had a return on equity of 7.43% and a net margin of 1.66%. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 earnings per share. On average, equities analysts forecast that Kohl’s Co. will post 1.77 EPS for the current fiscal year.

Kohl’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Wednesday, December 11th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 11.74%. The ex-dividend date of this dividend is Wednesday, December 11th. Kohl’s’s dividend payout ratio (DPR) is currently 78.43%.

Insider Buying and Selling at Kohl’s

In other Kohl’s news, EVP Feeney Siobhan Mc sold 16,367 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $19.27, for a total value of $315,392.09. Following the sale, the executive vice president now owns 136,799 shares in the company, valued at $2,636,116.73. This represents a 10.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KSS. Robert W. Baird dropped their target price on shares of Kohl’s from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Citigroup dropped their price objective on shares of Kohl’s from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, November 18th. Evercore ISI reduced their target price on shares of Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a research note on Thursday, August 29th. Telsey Advisory Group reissued a “market perform” rating and issued a $23.00 price target on shares of Kohl’s in a research note on Wednesday, August 28th. Finally, TD Cowen lowered Kohl’s from a “buy” rating to a “hold” rating and cut their price target for the company from $25.00 to $21.00 in a report on Friday, August 30th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Kohl’s currently has an average rating of “Hold” and an average target price of $20.43.

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.