2 weeks Ago By ABMN Staff
Choreo LLC purchased a new stake in Kohl’s Co. ( NYSE:KSS – Free Report ) in the 2nd quarter, HoldingsChannel.com reports.
The firm purchased 19,340 shares of the company’s stock, valued at approximately $424,000. Other hedge funds also recently made changes to their positions in the company. Security National Bank purchased a new position in Kohl’s during the second quarter worth about $34,000.
Register Financial Advisors LLC purchased a new position in Kohl’s during the first quarter worth about $54,000. CWM LLC grew its position in 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 buying an additional 948 shares in the last quarter. GAMMA Investing LLC grew its position in Kohl’s by 32.5% during the first quarter.
GAMMA Investing LLC now owns 2,130 shares of the company’s stock worth $62,000 after buying an additional 523 shares in the last quarter. Finally, Summit Securities Group LLC grew its position in 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 buying an additional 800 shares in the last quarter. 98.04% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In A number of equities analysts have recently issued reports on the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 price objective on shares of Kohl’s in a report on Wednesday, August 28th.
Evercore ISI cut their price objective on Kohl’s from $22.00 to $20.00 and set an “in-line” rating for the company in a report on Thursday, August 29th.
Robert W. Baird cut their price objective on Kohl’s from $27.00 to $25.
00 and set an “outperform” rating for the company in a report on Thursday, August 29th. TD Cowen cut Kohl’s from a “buy” rating to a “hold” rating and cut their price objective for the stock from $25.00 to $21.
00 in a report on Friday, August 30th. Finally, Morgan Stanley cut Kohl’s to an “underweight” rating and cut their price objective for the stock from $18.00 to $17.
00 in a report on Tuesday, August 27th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.
com, Kohl’s presently has a consensus rating of “Hold” and a consensus price target of $20.67. Kohl’s Trading Down 4.
2 % NYSE KSS opened at $18.90 on Tuesday. Kohl’s Co.
has a 1-year low of $17.68 and a 1-year high of $29.60.
The company has a current ratio of 1.08, a quick ratio of 0.16 and a debt-to-equity ratio of 0.
98. The stock has a 50-day moving average of $20.37 and a 200-day moving average of $23.
11. The firm has a market cap of $2.10 billion, a PE ratio of 7.
62, a price-to-earnings-growth ratio of 1.32 and a beta of 1.93.
Kohl’s ( NYSE:KSS – Get Free Report ) last released its earnings results on Wednesday, August 28th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.
46 by $0.13. Kohl’s had a return on equity of 7.
43% and a net margin of 1.66%. The company had revenue of $3.
53 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the previous year, the company posted $0.
52 EPS. Kohl’s’s revenue for the quarter was down 4.2% on a year-over-year basis.
As a group, sell-side analysts forecast that Kohl’s Co. will post 1.81 EPS for the current year.
Kohl’s Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be given a dividend of $0.50 per share.
This represents a $2.00 dividend on an annualized basis and a yield of 10.58%.
The ex-dividend date is Wednesday, September 11th. Kohl’s’s payout ratio is 80.65%.
Kohl’s Profile ( Free Report ) 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.
See Also Want to see what other hedge funds are holding KSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kohl’s Co. ( NYSE:KSS – Free Report ).
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